Fastest and best way to build credit score?

Question

really trying to build up and repair my credit as fast as possible with spending more money to do it.

Answer 1

Pay all debts, pay bills on time and keep credit cards below 30 % of the limit. If you don't have a credit card try applying for a credit card with companies that have credit cards for people who are trying to build credit.

The fastest way is to purchase a car, or maybe something smaller like furniture and pay it off before the end of the term of contact. Because it look good to the creditors that you are capable of paying and would boost your score and  other creditors would want you to associate with them

Answer 2

The fastest way is to pay down your debt and pay your bills on time. With time, your score will rise. There are no quickies here.

Answer 3

Fastest and best are equal when it comes to building your credit score. 35% of your score is based on your bill payment history, so devote yourself to paying every monthly bill on time. 30% of your score is based on the credit/debt ratio, or - how much do you owe now on the credit that has been extended to you.

For instance, if you had two credit cards with credit limits of $4000 each, you would have $8000 available credit. If you owed $2000, your credit/debt ratio would be 25%. If you owed $6000, it would be 75%. In this case, lower is better. So, pay down your debt. The faster you pay it down, the faster you improve your credit score in this area.

These two areas make up 65% of your credit score and should be your focus. Paying your bills on time each month means that each month your credit report is updated with good information. You cannot speed up the monthly reporting; you can just make sure it's good.

The length of your credit history (how long) is another factor that you cannot speed up. Each month another month of time is added. Some people make the mistake of cancelling and closing an old account which can shorten their credit history.

Answer 4

Get a secure small loan from a bank for 24 months and pay it back in 12.