How do I take my credit score from 595 to the 700's in two years?

Question

I have had lots of things happen which has made my late on payments and I also have a bankruptcy from four years ago as well.

I have been good with my credit card payments this year and have paid off any unpaid debts I had inccured over the years.

I want to buy a house in two to three years and would like to know how I can increase my score to the 700's.

I heard of opening a bank account with $400, then taking out a loan at that bank and using the account as collateral then going to another bank and doing the same thing.

Any ideas or advice on how I can attain my goal?

thanks to everyone.

Answer 1

1. Order your credit reports from the 3 bureaus

www.equifax.com

www.experian.com

www.transunion.com

If you're ordering for the first time, get your score (for a fee) from Equifax as their scoring matters most.

2. Make copies of your report and put the originals in a binder. On the photocopied reports use a highlighter and check for any incorrect, outdate, false, etc...info

3. Download a dispute letter(s) from the credit bureaus website and list anything that is wrong. Mail them to their office(s). They have 30 days to reply.

4. If they will not remove something that is not yours or too old (> 7 years) as them for a debt validation. This may take an additional 30 days.

5. Once the 'baddies' come off, take care not to let any of your other accounts fall into that predicament.

6. If you haven't already make sure your existing accounts are current and paid on time ALWAYS.

7. Get a secured credit card with www.capitalone.com or www.mastercard.com for like $500-1000 or more if you can and use it sparingly. Charge like $50 on the card each month and pay it in FULL and on TIME. Make sure you do this for a minimum of 6 months so that you estabish a positive repayment history.

8. Problem with just letting them 'fall off' is that they may never. You may get sued before that...that's where you suddenly get a summons to appear in court and a judgment for collection against you.

For the 2 collection items...pay them but get a 'pay for delete' from the collectin agency in WRITING...they'll delete it after you pay and it will help your credit score

Answer 2

Just get a small loan for 24 months and pay it back in 12.

Answer 3

check out this site, http://www.cellsware.info/restorecredit . i believe they would be able to help you boost your score by about 10 to 15 points a week!

Answer 4

Hi

I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address [e-mail] Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.

Thanks.

Deborah Kirk

Answer 5

don't do that!   Go talk with your banker.  They CAN help!  pay on time keep low balances and time heals all wounds.

Answer 6

You can use credit repair agency to fix your credit - for example this one - http://creditreport.imess.net - They can clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

Answer 7

This might be a good time to talk to some credit repair companies.  Check them out first and ask them if they can help - get specifics and only agree to payment f they increase your credit score.  This review site will give you the top three:  http://www.onlinebestinformation.com/cre...

Answer 8

just continue to pay your cc bills on time, and keep opening new cc accounts to a minimum.