I have a credi score of 509 and need to be up to 660 in a year can i do it and how do i do it?

Question

i have around 3500 in doctors bills i still owe and am paying off through a judgement

Answer 1

Unfortunately, credit scores don't work like that. There are no magical ways to guarantee it will rise by a certain number of points in an allotted amount of time.

The only two ways to raise your credit score are:

1- paying your bills on time and

2- minimize your outstanding (open/current) debt.

The increase in your score will happen gradually. The only sure-fire way that your score would rise significantly is if there was a lot of inaccurate information on the report and it was removed.

Paying your OLD outstanding debt is not going to increase your score.

Answer 2

You can try to get a small loan for 24 months and pay it back in 12 but I doubt it would go up that much.

Answer 3

This article can help you, they list several tips on improving your credit score, http://www.monitorbankrates.com/you-are-...

Answer 4

It's a stretch but not impossible. First things first, get your doctor bills paid off ASAP, even if it means borrowing the money and repaying someone else. A judgement is a major credit faux pas...don't let that happen again.

If you don't already have one, get a secured credit card for even a few hundred dollars. Keep it in tip top payment shape. Charge it for a nominal amount like $25-50 dollars then pay it back immediately. This will start good payment history rolling.

If possible, see if the creditor is willing to do a pay for delete arrangement. Get it WRITING so that you can dispute it with the credit bureau if they don't follow through.

Answer 5

A judgment really hurts - you shouldn't have let it go that far.  It will probably take 2-3 years of excellent credit behavior to make a big difference.

Answer 6

That's alot in one year without a few credit cards to make payments on time that will bring it up but it sounds like you already have credit problems so no unless you pay off the 3500.

Answer 7

I seriously doubt your score would increase that much in 12 months, unless maybe you paid off all the debts right now

Answer 8

If the biggest problem with your credit score is your medical bills you can contact the major credit reporting agencies to add a note to your account on each of the medical bills that you have received a judgment and payments are being made through the judgment. This will raise your credit score somewhat.

You might also look for discrepancies. My daughter was plagued with a poor credit score for some time but they had her listed as living in KY, SC and OH at the same time. Although she lived in all three locations and worked for the same company in all 3 locations she did not live in all 3 locations at once. When that was cleared up her credit score went up 60 points.

Answer 9

509 to 660? That's a 151 points in a year's time. I'll be totally honest with you. It's not completely impossbile, although you'd have to have a LOT of help and a lot of things go right to even get close. Another thing is what type of accounts that you currently have that will help you get to where you're going. Keep in mind that it takes positive credit to build up your score. It's hard to even guesstimate without knowing whether or not you have any positive accounts like credit cards or a loan of some sort to even give you an idea. But I will give you this piece of advice. Before paying those doctors bills, I would negotiate a "pay to delete" which is a payment in exchange for removing it from your report. Simply paying collections doesn't do anywhere as much than negotiating a pay to delete. If you pay it, the debt is paid, but don't expect your score to go up if at all. A pay to delete at least removes the account as if it never happened, and it helps your score the best. If and when you settle those doctors bills with a pay to delete, get the agreement in writing before sending any money.

Now, another thing that you can do to help yourself would be to get some new accounts to start building positive credit for you, which in this case would be secured credit cards. The reason I say secured credit cards is that they're the easiest to get mainly because a collateral deposit is placed upfront to establish a matching credit line. For example, if you deposit $300, then your credit limit would be $300. A secured card works the same way as a regular card as in you pay for whatever you use on the card when the statement comes. A piece of advice on how to use this would be to make a SMALL purchase ($20/month max) pay it off in full on time every month, and add to the collateral deposit in order to increase the limit. The higher you can get the limit, the better it looks when it reports on your credit because of the ratio of available credit to total debt owed. It helps to have a couple of secured cards just for this purpose.

In closing, I'm not sure whether you'll be able to do it, but if you do, you have a lot of work to do.

I thank you for reading and the best of luck to you!

Answer 10

http://www.expert-credit-advice.com/affi...

This info is free

Answer 11

your best bet would be to dispute the neg. on your credit report with the credit bureaus.  I recently did this and my score rose 75 points when I had some collections removed.  You can find the method I used at http://www.creditforums.org/f13/got-my-r... a lot of other people have had some success with this.  You also can dispute the judgement with this method.  

http://creditcardwarehouseonline.com

Answer 12

I'm not sure how you can increase your score so drastically in a year, but first thing I'd try is to buy off your medical bills. Offer them 50 cents on the dollar. They likely won't accept that, but will give you a counter offer. It's a great start. If you can get "any" amount taken off it will be a help.

Good Luck!