I know that a negative mark on your credit report takes over 7 years to remove, but how can one improve their credit score in hopes to get a school loan, car loan, home loan, and business loans in the future.

If you have a credit card make sure you have at least 30% in available credit limit. If you have more charged then pay it down to the 30% mark, I have seen reports improve as much as 25 points in doing this. If you have limited credit, apply for a card and make monthly payments on this card on time each month to get current activity. If you have a negative mark on your credit you can contact that company and try to make a deal that if you pay them what you owe they will remove the debt from your credit. You will need to get this in writing. If they refuse to remove the debt then it would not be beneficial to pay an old collection because it would actually lower your score because the payment would spark recent activity on the account.

I have a 479 credit score. It sucks. I can’t do anything I want with my life to really improve a lot of things. How can I improve this quickly?
Oh, I am 26 yrs. old….

Sorry, but there is no quick way. First, pay anything that is past due (such as collection accounts) and get yourself current. Then, try to pay MORE than the minimum balance on what you owe. Rather than open new accounts here and there, establish what you have. Creditors will look at your financial relationship somewhere and take into account the length of time you maintained your account as well. Keep it up and your interested rates may lower too. DON’T FALL BEHIND ON PAYMENTS! DON’T JUST PAY THE MINIMUM BALANCE-PAY AS MUCH AS YOU CAN! Instead of splurging on those shoes that you don’t need, splurge on a credit card payment! Good luck!

I don’t have too many mortgages to pay. Just 1, for 700$/month. And i use my checking account to pay. My question is, if I start paying though my credit card, will my score improve? I have never paid any bills late, and credit report says, there is no positive record.
Please advice. thank you

I agree mostly with both of the first 2 posters, your mortgage should be a huge help as long as it shows on your credit report and if you use your credit cards every month for little every day thing, never exceed 30% of your credit limit in any given month and pay in full by the due date your score should shoot up fast.

I did this with 2 cards and my score went up over 150-points in 12-months.

Good luck.

im 18 i have a credit score of 530.is it possible to have a credit score of 750 in 2 to 3yrs?if not how long do u think it would take? thanks

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – freecreditreport.sinfree.net

Sorry, multiple part question: What is the highest credit score possible and what is the lowest possible? What can you do to improve it? And the myth that using your ATM Debit card as credit can actually improve your credit score, is it true?

Using your debit card as credit versus ATM does nothing for you. I don’t know the lowest score but 850 is the highest. The average american has a score of 675-700. Anything over 700 and you are in very shape, the top 20%.

if you are looking for the free credit score and report usa national site, check out this site

http://free-credit-report-national.com/

Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.

I wish someone would have told me when I was younger all the things that would affect my credit score, and how important that is!!! So here’s my story…I moved out of an apartment before my lease expired, and I was charged aproximately $5k, which was rent for the remainder of my lease. I didn’t pay it, so it went to collections and was reported to all 3 bureau’s. In addition to that, I had about $2k more debt (medical) that also went to collections. I recently took out an auto loan (against a truck I already own) to pay off this debt, plus some other expenses that came up without warning. So, how long will it take for my credit score to improve now that my debts are settled? I have 3 credit cards that are paid on time (in full) every month, and my auto loan will be paid on time every month. The only other credit history I have is an auto loan that is paid in full (all payments were made on time). Currently my credit score is 545, I would like to see it in the 600’s ASAP!

It normally can take about 6 months for your credit score to start improving, many credit reporting agencies take at least 30-90 days to get it reporting on your report as paid, also you want to make sure you get proof of the debt being paid after you paid it and you also want to make sure they report it to experian, transunion and equifax as a paid collection. Honestly collections can stay on your report for 7 years, however if they are paid it will increase your score in time. You can also pull a credit report for free once a year from all three agencies to keep tabs on your credit report and to make sure it’s all showing paid and it won’t ding your credit because YOU are who is pulling it.

I have 1 open collection and 1 open judgement. My score is a 600 but I need at least a 620 to get a VA loan. How long will it take for my score to increase at least 20 points if I pay them both off? And what else I can do to improve my score over next next few months?

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – credit-report-free.totalh.com

Take out a loan with an asset on some collateral. Invest the proceeds of the loan and then pay it back on time.

Open some credit cards. Make some charges, pay them off. Doesn’t have to be big amounts.

Close all unused credit cards, get it down to 1-2 cards. Make sure you pay on time, you don’t even have to pay them off completely, just do it on time.

I am a student and have just recently started building my credit, i applied for a credit card at a student union and have been paying it off regularly (sometimes i pay it a few days after using it—long before i even get the bill–is this good or bad?) what other way can i build my credit score fast and how can i check to see what is it?
btw i have no debt of any kind
THANKS!

Paying off the credit card at any time from when you use it to when the bill is due is good. Paying before you receive the bill is not bad, but is not better than paying after, as long as you pay before the bill is due. (Waiting until after the bill is due would be bad.)

Your "real" credit score is not available for free. You may pay for it, but I do not recommend it. The website http://www.creditkarma.com offers free scores, but they generate these scores themselves using a different formula than the rest of the world uses.

There is no way to improve a credit score "fast". Credit scores can fall fast, but they rise slowly.

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