Wednesday, May 26, 2010

550 credit score need to get to 650 what is the best thing to do?

Wow! Bad advice so far! Please do not pay off eveything you owe! This will lower your credit score even more by resetting the clock of the DOLA (date of last activity) on your negative accounts.



Best thing to do.. Get your credit reports by signing up for a free trial at privacyguard.com or some similar company. DISPUTE any and all negative info on your reports to all three credit companies. Believe it or not, some of the negative info will be deleted quick and easy. Others may be more difficult but dispute it again and again. Eventually the company that reported you will drop the ball and not %26quot;verfiy%26quot; the item within the 30 day period as required by law.



Also look into some of the various companies on the net that can add a seasoned trade line to your credit history. This can be expensive, upto 1000 bucks in some cases, but well worth it. Raised my credit score 83 points within a few months.



If you need help deleting the negative info, Lexington Law is one of the best around. The credit reporting laws are on the side of the consumer and raising your score 100 or so points in less than 6 months time is very possible. GOOD LUCK!



550 credit score need to get to 650 what is the best thing to do?

I disagree with several things that the poster said in his %26quot;best answer.%26quot; DO NOT use Lexington Law, for you can dispute things yourself for free w/ just some knowledge about how the credit reporting works. Report It



550 credit score need to get to 650 what is the best thing to do?

DO NOT try to get a %26quot;seasoned line%26quot; from someone you do not know...it could be a scam! They need to obtain SS#, birthdates,etc in order to add you to a credit line. Only aim for %26quot;seasoned lines%26quot; from relatives or people you know and trust! Report It



550 credit score need to get to 650 what is the best thing to do?

Paying off your bills will NOT hurt you. If you want an immediate score increase, pay off your bills in full. If you want the biggest long-term increase, pay off your credit cards in 6-12 mos so you can reestablish payment history %26amp; consistent payments. Report It



550 credit score need to get to 650 what is the best thing to do?

pay off any outstanding debts on your credit report. then, make sure to pay ALL your monthly payments on time. that should help. it takes quite a while though, so patience is key.



550 credit score need to get to 650 what is the best thing to do?

Get a copy of your credit report and pay everything off you owe. Don%26#039;t ever be late on any payment again. Wait it out.



550 credit score need to get to 650 what is the best thing to do?

it%26#039;s just a number. if you live on less than you make and pay cash for everything you buy, you%26#039;ll never need a credit score. it%26#039;s possible to live debt free. try it.



550 credit score need to get to 650 what is the best thing to do?

%26quot;Buiilding credit can be done in many ways. If you are disappointed at your loan application being turned down, it is mainly because of absence of credit history. You should learn how to do build your credit.



Do not buy unnecessary items. If you are looking to build credit start spending properly.



If you see any errors in your bills or credit, reports, contact the concerned persons immediately.



If you have purchased an item using your your credit card that later turned out to be defective or gave poor service, then you need not pay the charges.But you have to dispute the charges with the parties that were responsible for the act. If they do not replace the item or compensate you for a service or product, you are justified in refusing the payment.%26quot;



550 credit score need to get to 650 what is the best thing to do?

Ok - here%26#039;s what I did to raise my score about 100 points and I did it in a matter of months. Will it work for everyone? It may not - since everyone%26#039;s situation is different.



First, I got a copy of my credit report and dispute two negative items that were not my accounts. I had to fight like mad to prove this, but I was finally able to get them removed.



I also had two high interest loans - one with American General Finance and one with Dell and I went to the bank and had them paid off with a MUCH lower interest rate.



I had a credit card with a $500 limit that was almost maxed out and made a $400 payment on it. (It%26#039;s very important to get those balances below 30% of your limit!!)



No more credit inquires. Once I got the loan to pay off the high interest items, I stayed clear of asking for any credit (and still do today - no more than 2-3 a year).



Hope this helps - just remember to pay your bills on time and sometimes time, itself, is the answer.



550 credit score need to get to 650 what is the best thing to do?

keep paying your bills on time.. it will take time it don%26#039;t happened over night..

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