Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    



how to improve credit score

Reply to topic
Money Talk > Credit & Loans

Author Thread
davidcosell
Contributing Member


Cash: $ 8.15

Posts: 37
Joined: 02 Aug 2011
Location: helena
how to improve credit score  Reply with quote  

what needs to be done for improving our credit score and how it is done.
Post Wed Aug 24, 2011 6:59 pm
 View user's profile Send private message Visit poster's website
jaro
New Member


Cash: $ 0.60

Posts: 3
Joined: 24 Aug 2011

 Reply with quote  

one thing you might want to try is to look for any errors on your credit report. A large percentage have bad data that might negatively affect your score. I've heard up to 30%.

Here are some do it yourself tips from the FTC
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
Post Wed Aug 24, 2011 7:09 pm
 View user's profile Send private message
littleroc02us
Moderator


Cash: $ 384.35

Posts: 1891
Joined: 09 Feb 2009

 Reply with quote  

I don't agree with much of what it takes to obtain a FICO, because basically they just want you to borrow money and pay it back. But here is what my wife do and it's about as basic as we can do and have great credit scores without having to borrow hardly anything except for our mortgage. My wife has a credit score of 816 and mine is 782 both excellent. We have one credit card where she is the primary and I'm added on as a secondary user. We only use it for gas and pay it off each month. We do have a mortgage and have never missed a payment and are currently trying to refinance down to a 20 year. That's really all it takes. We pay everything else in cash.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Wed Aug 24, 2011 7:47 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
mod's note  Reply with quote  

The OP was posted as spam, but it's turned into a great topic, with a couple of great responses already, so the thread will stay. I'm removing the OP's sig in order to put the OP's post into compliance. More responses are welcomed.

~Tim~
Post Wed Aug 24, 2011 8:56 pm
 View user's profile Send private message
davidcosell
Contributing Member


Cash: $ 8.15

Posts: 37
Joined: 02 Aug 2011
Location: helena
 Reply with quote  

hey thanks for the reply and I was really in search for the improving the credit score
Post Thu Aug 25, 2011 5:53 pm
 View user's profile Send private message Visit poster's website
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
mod's note  Reply with quote  

quote:
Originally posted by davidcosell
hey thanks for the reply and I was really in search for the improving the credit score

Don't bullshit the moderating staff. Your links have to do with providing an answer to the question you posed. Posting a question that's answered by clicking on your link is an indirect solicitation. In this forum, soliciting a click on a signature link is regarded as spam.

~Tim~
Post Thu Aug 25, 2011 6:10 pm
 View user's profile Send private message
chrisgayle
Contributing Member


Cash: $ 7.40

Posts: 37
Joined: 11 Jun 2011

 Reply with quote  

One of the good ways to keep the good credit score is use your credit card. It serves as the best tool to improve the credit score if used properly. You should remind your payment to get cleared within the due date. It surely helps you.
Post Tue Aug 30, 2011 7:13 am
 View user's profile Send private message
MikeMiks
Member


Cash: $ 3.00

Posts: 14
Joined: 11 Aug 2011
Location: Salt Lake City, Utah
 Reply with quote  

To boost your credit score you must manage your credit cards responsibly, do not try to open another credit account if you didn't much need it, don't cut/close existing accounts and lastly pay your bills on time. Following all of these will sure increase your credit score when you next time check for it.
Post Tue Aug 30, 2011 7:57 am
 View user's profile Send private message
misaelwade
Member


Cash: $ 3.00

Posts: 15
Joined: 14 Mar 2011
Location: london
 Reply with quote  

The only resource that is going to help you improve your credit score is money that can pay off debts. To generate that money, besides thinking about how to earn more, you must learn to cut costs. Identify the spending instances which are unnecessary and you could do without. Only spend on things that you must and invest only in things which will help in your business. This is the most important part of this sermon on how to improve credit on your own.
Post Wed Aug 31, 2011 9:52 am
 View user's profile Send private message
Estella09
Member


Cash: $ 4.80

Posts: 24
Joined: 24 Aug 2011

 Reply with quote  

Improve credit score is quite difficult but not impossible. Here it is essential to follow some tips, which help to improve your credit score.
Always pay your bills on time. Late payments play a major role in driving down your score.
It is better to retain your debts and a bad credit score account. Instead of closing account because, closing of an account will only get you negative reports and feedback.
Use online banking services and make sure your regular recurring bills are paid automatically. This way you will not forget payment and your credit score improve.
Post Wed Sep 07, 2011 12:20 pm
 View user's profile Send private message
Offshore-Wealth.com
Senior Member


Cash: $ 14.80

Posts: 601
Joined: 20 Jul 2005
Location: FREEDOMLAND
IT IS NOW NEAR IMPOSSIBLE TO MAINTAIN YOUR HIGH FICO SCORES  Reply with quote  

Interesting,

Having been burned by banks when the last regulation went into effect and banks started lowering credit lines, my FICO dropped like a rock and I had never missed a payment or was late. Just prior to effective date of new consumer credit rules, all of a sudden my credit lines were reduced which increased my debt to credit line, and that is a killer for FICO scores.

Worse than that, I got ticked off at banks and paid off all but one and cancelled them, and then I took another hit on FICO scores. Talk about a scam on consumers, this is perfect example. When banks sent out notice of raising interest rates across the board to save their greedy butts from collapse, I took option to refuse and then they put hold on accounts a month later, no more new charges, but my interest rate remained at 6%. Combined they screwed my FICO scores by 100 point drop.

Now I just use a corporate card and switched to credit union for banking, so their loss in the end, and as we are all seeing, Bank of America is about to bite the dust once again, and even Warren Buffet and his $5B insider trade that Obama urged him to do won't save them now, and good riddance to trash like them. lol I suggest everyone move their accounts to credit unions for the big banks are all operating on thin ice, and it is getting worse. B0A will be first to big to fail bank to go under, so just watch, I give them six months with no chance of second bail out. Why else would Obama induce Buffet to invest $5B to delay inevitable. lol

I hope all the big banks go under as they should have been left to do in 2008 collapse. That is what bankruptcy is for, so who said too big to fail? They had to be idiots, nothing should be too big to fail, including government. After all, the U.S. filed bankruptcy before, as they will have to again as I see it for there is no way to pay off the trillions, no matter what anyone says, it is impossible.

Success to all,

FREE PAY IT FORWARD OPPORTUNITIES
http://ENVIROPURELIGHT.com
http://FREE100KSECRET.com
Post Wed Sep 07, 2011 3:01 pm
 View user's profile Send private message Visit poster's website
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
 Reply with quote  

Big banks have been greedy and arrogant and deserve to suffer the consequences. (And the Federal gov't deserves at least half the blame for making it possible for them to get greedy and arrogant).

That being said, it might be that BoA is in the process of being reformed from within. And now Buffet's going to be a good influence. Whether or not it's too little too late, I don't know. Time will tell. But it may be too early to write them off.

~Tim~
Post Wed Sep 07, 2011 3:34 pm
 View user's profile Send private message
globaldoc2001
Senior Member


Cash: $ 75.25

Posts: 366
Joined: 30 Aug 2011

 Reply with quote  

If I am not mistaken, staggard payments for the amount being paid would be the essential keyword here..

Business Tax Filing
Debt Consolidation Companies
Post Fri Oct 21, 2011 6:42 pm
 View user's profile Send private message
Jakerayan
First Time Poster


Cash: $ 0.20

Posts: 1
Joined: 22 Oct 2011

 Reply with quote  

Nice information shared.
Post Sat Oct 22, 2011 6:43 am
 View user's profile Send private message Visit poster's website

Goto page 1, 2  Next
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2021