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Step 1
The first step on how to raise your credit score is to pay off any loans you can. Start out with the small ones (student, car,etc). Once you pay them off the lender will give you positive feedback (sorta like ebay feedback but with credit points). This tells other lenders that you are responsible enough to pay on your debt.
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Step 2
The second step on how to raise your credit score is to pay on your loans timely. Weekly, monthly or whatever the payment terms are you need to stay up to date. Any payments that are 30 days late or more will cause negative feedback and lower your credit score.
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Step 3
Another way to raise your credit score is to charge all bills on a credit card and pay it off the same month. This allows you to constantly receive positive feedback from the credit card companies. Make sure you have no more than two active credit cards. Any more can actually hurt your score.
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Step 4
The final tip on how to raise your credit score is to dispute and old collection marks showing up on your credit report. Being polite and offering to pay old debt can lead to them removing or lowering the negative feedback to your credit score. Another tip to remember is that old feedback falls off your record after 5-7 years so while you receive positive feedback the negative falls off which makes your score raise even higher!
Comments
dertesteo said
on 11/26/2009 You don't have to wait 7 years to clean up your credit.
When my credit got messed up I contacted this company and they disputed all of the negative items on the credit report.. and in less than a year 80 % of them disappeared and my credit score improved. I paid them monthly fees of $ 29/mo. Really worth a try.
http://www.CreditReportFrees.Info