Whats the fastest way to improve credit rating?

Question

also what is the best way...besides making payments on time lol...

my husband filed bankrupt about 10 years ago (before he and i got together) b/c his son passed away when he was 13 months.Thanks

Answer 1

develop a pattern for paying your bills on time, show consistency in payment for a particular item(s).

Answer 2

The best way I found to restore credit is to borrow funds just to hold them on deposit, make some interest payments, then give back the deposit to pay off the loan.  If you agree to just hold the funds on deposit, http://creditloader.com will let you borrow the funds with NO CREDIT CHECK.  After three months I was on a few bureaus.

Answer 3

Get a Capital One card.  It's limit is only 300.00, then buy things, and make payments for 3 or 4 months.  Don't pay off the card.  Keep making payments because they like that.  It shows the card companies that you pay interest.  Other banks will send card offers for more money, and capital one will also increase to 500 after 3 months.

Answer 4

Pay off your credit cards.  A big part of your score is based on the ratio of credit card debt to available limit.  Carrying balances of more than 30% hurts your score.  Pay the balances off, and get an immediate boost in your score.

If you have single entry derogatory items like cell phone, medical, and utility bills, you can negotiate a pay for delete.   This gets the item removed from your file and helps your score.  This doesn't work as well for multiple entry items like credit cards. The collector can only remove what they reported.  The original creditor's charge off stays on your file.

Other than that, it's a matter of consistent, on-time payment history.

Answer 5

If the bankruptcy is over 10 years ago and the debt was discharged it shouldn't still be on his credit report, did you check your credit reports? You can get them for free, for more information on getting your credit report for free and improving your credit rating read these articles, http://www.monitorbankrates.com/how-to-b...

http://www.monitorbankrates.com/you-are-...