Start with getting a free copy of your credit report from all three bureaus at www.annualcreditreport.com. Do not confuse with other "free" credit report sites that sell you credit watch services. Dispute inaccurate, duplicate and outdated information.
Pay your debts on time. Reduce the current amount owed on revolving accounts to less than 50% of the credit limit. If possible to less than 30%. Under most circumstances do not payoff and close revolving accounts. Leave them open and make monthly payments greater than the minimum balance.
Also, try to not open any new lines of credit. Everytime your credit is checked by SOMEONE ELSE it lowers your score. You can pull your OWN credit without it lowering your score. The more checks you have in a six month period, the more your score is lowered.
I am a financial consultant, I can tell you how to improve your credit score almost overnight. I am well versed with improving credit scores. If you would like, contact me at **Please See My Profile** and I will answer all your questions.
Another way to reduce your debt-to-available-credit-limit ratio is to ask them to raise your credit limit. Depending on your standing with your existing cards, it might be worth a shot, and it helps raise your score.
I may be mistaken loon but the three burros er I mean bueras dont take into consideration the actual credit limit rather the maximum amount borrowed with that line of credit. i.e. I have a Sears charge card with a 5,000.00 limit. I go and buy a nice oven for 1,000.00 and make minimum payments for the next year leaving my balance close to the 1,000 borrowed. Now i know that I have only used 20% of my credit but the way the credit reports see it I owe close to 100% of the highest amount I have ever borrowed from this account. You should have your balances below 30% of the highest amount ever used on an account, not just the account limit.
Quote:
On 2005-10-19 12:25, mikevol wrote:
I am a financial consultant, I can tell you how to improve your credit score almost overnight. I am well versed with improving credit scores. If you would like, contact me at **Please See My Profile** and I will answer all your questions.
Hey Mikevol, if you can can you give me another way to contact you cause I would like to hear some of your tips about improving my credit score.
Quote:
On 2005-10-28 02:33, jstika wrote:
I may be mistaken loon but the three burros er I mean bueras dont take into consideration the actual credit limit rather the maximum amount borrowed with that line of credit. i.e. I have a Sears charge card with a 5,000.00 limit. I go and buy a nice oven for 1,000.00 and make minimum payments for the next year leaving my balance close to the 1,000 borrowed. Now i know that I have only used 20% of my credit but the way the credit reports see it I owe close to 100% of the highest amount I have ever borrowed from this account. You should have your balances below 30% of the highest amount ever used on an account, not just the account limit.
This is the case with a few creditors who only report your accounts high credit rather than your credit limit. American Express and Capital One are particularly bad for this....
You might wanna check the site http://www.creditboards.com and start off on the newbie forum. There is lots of good info there.
Start with getting a free copy of your credit report from all three bureaus at www.annualcreditreport.com. Do not confuse with other "free" credit report sites that sell you credit watch services. Dispute inaccurate, duplicate and outdated information.
Pay your debts on time. Reduce the current amount owed on revolving accounts to less than 50% of the credit limit. If possible to less than 30%. Under most circumstances do not payoff and close revolving accounts. Leave them open and make monthly payments greater than the minimum balance.
Also, try to not open any new lines of credit. Everytime your credit is checked by SOMEONE ELSE it lowers your score. You can pull your OWN credit without it lowering your score. The more checks you have in a six month period, the more your score is lowered.
I am a financial consultant, I can tell you how to improve your credit score almost overnight. I am well versed with improving credit scores. If you would like, contact me at **Please See My Profile** and I will answer all your questions.
Another way to reduce your debt-to-available-credit-limit ratio is to ask them to raise your credit limit. Depending on your standing with your existing cards, it might be worth a shot, and it helps raise your score.
I may be mistaken loon but the three burros er I mean bueras dont take into consideration the actual credit limit rather the maximum amount borrowed with that line of credit. i.e. I have a Sears charge card with a 5,000.00 limit. I go and buy a nice oven for 1,000.00 and make minimum payments for the next year leaving my balance close to the 1,000 borrowed. Now i know that I have only used 20% of my credit but the way the credit reports see it I owe close to 100% of the highest amount I have ever borrowed from this account. You should have your balances below 30% of the highest amount ever used on an account, not just the account limit.
Quote:
On 2005-10-19 12:25, mikevol wrote:
I am a financial consultant, I can tell you how to improve your credit score almost overnight. I am well versed with improving credit scores. If you would like, contact me at **Please See My Profile** and I will answer all your questions.
Hey Mikevol, if you can can you give me another way to contact you cause I would like to hear some of your tips about improving my credit score.
mikevol
No offense but as soon as you read Folsom you think prison.
1 Post you have made and new on board it looks like. I would be cautious to respond to your email or IM. Credit repair. Loan Broker?
Quote:
On 2005-10-28 02:33, jstika wrote:
I may be mistaken loon but the three burros er I mean bueras dont take into consideration the actual credit limit rather the maximum amount borrowed with that line of credit. i.e. I have a Sears charge card with a 5,000.00 limit. I go and buy a nice oven for 1,000.00 and make minimum payments for the next year leaving my balance close to the 1,000 borrowed. Now i know that I have only used 20% of my credit but the way the credit reports see it I owe close to 100% of the highest amount I have ever borrowed from this account. You should have your balances below 30% of the highest amount ever used on an account, not just the account limit.
This is the case with a few creditors who only report your accounts high credit rather than your credit limit. American Express and Capital One are particularly bad for this....