What do I need to do to improve my credit score and how long does it take?
mikey asked:
If I am at a 700 now, how long will it take to get to 750 and what do I need to do? I have about 4-5 open credit card accounts, but I only have debt on one, which is interest free until 2010. I have a mortgage. I don’t miss my payments. I have student loans again don’t miss a payment. What are techniques to get a higher credit score?
While you’re at it, where could I go to get a trustworthy credit score rating?
Helen
If I am at a 700 now, how long will it take to get to 750 and what do I need to do? I have about 4-5 open credit card accounts, but I only have debt on one, which is interest free until 2010. I have a mortgage. I don’t miss my payments. I have student loans again don’t miss a payment. What are techniques to get a higher credit score?
While you’re at it, where could I go to get a trustworthy credit score rating?
Helen
Juanita
Experion is fairly trustworthy but does not always update every month.
Your score will be 700 (which is average) due to the fact that you have quite a few credit agreements open. If you have no debt on the other credit cards, close them (this will help). Make sure you on are the electorical register (this add’s points to your score). Do search for any quotes or credit online (as this affects your score even if you don’t accept credit – which annoys the hell out of me – even a search I did for car insurance when I was planning to move insurance companies showed up on my score).
It usually takes around 6 months for the slate to start to become cleaner, so don’t make any applications or miss any payments for 6 months and you should build points.
Good luck – remember the current economic crisis has resulted in everyones credit rating being scored slightly lower than it would have been in recent years.
I assumed that you are in the UK. If I am correct, you need to ignore the dude about me – who is American (their scoring system is totally different to ours).
Good luck!
Jay
It sounds like you’re doing great, just keep doing what you’re doing and it should slowly improve. You don’t have anything negative, other than the balance transfer at 0%, so there isn’t much you can do for an immediate bounce. It also doesn’t sound like you will be needing a highs core for anything in the near future (since you already own a home) so I wouldn’t sweat it.
If you want a free credit score rating, you should use myFICO. myFICO is owned by Fair Isaac Corporation, the creator of the FICO scoring system.
Lawrence
Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – freecreditreport.hotusa.org