Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

credit score

Author Message
tish

Guest







Post Posted: Sat Apr 04, 2009 7:41 pm    Post subject: credit score
Like 0
Dislike 0

how can you get a credit score from 540 to 620 in 12 months
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile smckaybiz
s.mckaybiz
Community Expert
Community Expert



Joined: 24 Apr 2008

Posts: 195
Location: PA
10.64 Dollars($)
Post Posted: Sat Apr 04, 2009 8:28 pm    Post subject:
Like 0
Dislike 0

Well that totally depends on what is already showing on your credit reports tish.

If you have any lines of credit open that are near there credit limit just paying those balances down below half of your available credit will greatly increase your credit score.

It's just one tip but if you need some honest advice you will have to provide us with a little more information first.

_________________
Scott McKay
FreeOnlineCreditGuide.com
Icon Mini Profile devidas_padir





Joined: 01 Mar 2009

Posts: 49

6.41 Dollars($)
Post Posted: Sun Apr 05, 2009 9:24 pm    Post subject:
Like 0
Dislike 0

You may go for a secured credit card, it surely helps raise your score. Also, you need need to understand that if you enquire for more than 1 loans and he fie gets declined, it may damge your score if you enquire hard. You may ask your debtor to raise your credit limits, this also have a positive impact on your score, rather it is the calculated that way in your scores. smckaybiz is right, on the credit limits.
You also need to ge your credit report and check for any negative remarks. You can ask them to remove if you find some scope.
Icon Mini Profile Garysnober





Joined: 17 Mar 2009

Posts: 450

15.29 Dollars($)
Post Posted: Mon Apr 06, 2009 10:01 am    Post subject:
Like 0
Dislike 0

Hi tish, Paying down your debt below 30% and paying your bills on time every month will help you achieve this goal. 12 months is a lot of time and you can do a lot to get your score to where you want it. Dont get too many hard pulls on your credit report. Dont apply for too many within the 12 months things like cc and loans will lower your score if you apply for too many.
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
Post Posted: Mon Apr 06, 2009 12:39 pm    Post subject:
Like 0
Dislike 0

what gary said makes sense. in addition, if you have negative information on your credit, you'll want to take care of those creditors as quickly as you are able.
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
Icon Mini Profile Garysnober





Joined: 17 Mar 2009

Posts: 450

15.29 Dollars($)
Post Posted: Mon Apr 06, 2009 12:56 pm    Post subject:
Like 0
Dislike 0

Oh and yes thats correct george. Any late payments/ negative stuff on your credit report. Would be great if you can get it removed.
Icon Mini Profile lateniteboy_99





Joined: 01 Apr 2009

Posts: 8
Location: California
3.11 Dollars($)
Post Posted: Tue Apr 14, 2009 10:39 pm    Post subject:
Like 0
Dislike 0

The best way is to pay your bills early or on time.. Avoid late payments..Work out bad and negative credit report as early as you can..
_________________
Sonoma County REALTOR
Title 24
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
Post Posted: Wed Apr 15, 2009 6:50 am    Post subject:
Like 0
Dislike 0

gary i wasn't talking about having negative/derogatory items removed. i was suggesting (apparently not strongly enough) that tish take care of them by actually paying them.

i know that paying one's debts is a novel concept for many, but it would be a nice thing to see happen.

_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.175 seconds.