Wednesday, May 26, 2010

How can I get my credit score to 700 from a credit score of 500?

First off you need to know what is in your credit reports both positive %26amp; negative. Go to and get all three of your credit reports free. Review them for accuracy. Dispute any item you believe to be inaccurate.

Having negative items on your credit files affects your scores more than having positive items. Public record items such as bankruptcy, judgement and collections(even if paid) weigh heavily on your credit score.

Your goal should be to have only positive items on your report if you want a FICO score of 700+

You should plan to have 3-6 revolving accounts and 1-2 installment accounts to increase your score.

Good Luck

How can I get my credit score to 700 from a credit score of 500?

It will take time. Live within your means. Buy on credit only when you have the cash to pay off the bill as soon as you get the bill in the mail. Quit buying on time. Save some of your paycheck, don%26#039;t spend every last dime.

There. That%26#039;s enough to keep you busy.

How can I get my credit score to 700 from a credit score of 500?

Start off by getting a secure credit card. Take your next check to the credit union and ask them for a secured credit card. If you have $200 they will take the money and issue you a $200 card. After you have made payments for a couple months they will raise your limit. After they raise your limit you will be able to go and get a gas card or clothing card. Know that when you have a line of credit or credit card and the balance is above 50% of the limit, even if you make payments your score goes down. Credit places like to see that you have the option to open you wallet and spend $1000 but you don%26#039;t. If you have any credit cards open and paid off, don%26#039;t close them. Once again it shows that you don%26#039;t use money you don%26#039;t need.

Good luck, it will take time, but you can do it.

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