I’m trying to get some insight for how to improve credit score. Last year (2010) I was laid off in February, and had just enough in savings to cover my basic expenses (rent, food, insurance) until I started getting unemployment checks in May. So basically, my credit accounts (except for one) when to 60 days past due. I called the CC companies well in advance, explaining the situation, and no one could help me until I was at least 30 days over due.

At that point (30 days late) called again, but wasn’t getting my unemployment check, so had to wait until I was 60 days late. At that point, all my credit accounts offered 0% for six months to 1 year, but the condition was that I had to close my accounts. I agreed, and have paid diligently for the past year, more than was due and early. (My credit went from 710, to 590 almost overnight) I now have a job, and have figured out I can pay my debt off in 1.5 years. But since I have no available balance on my credit cards, my credit score isn't even moving.

So, is there a way to raise credit score and get these creditors to reopen my accounts. I don’t even care if they just reopen them with the limits that I am at now. My goal is to pay them off. I destroyed all the cards and have little intention of using credit as a crutch ever again. Or do you think I can get a personal loan to consolidate this debt (with a score of 600?)

Why do I care about raising my credit score?
#1 I have a side business that I would like to take full time, but I cannot get a loan for the technical equipment I need with my credit score. (I’ve done the numbers, the forecasting, and even have about 30 clients lined up, could pay this off in less than 6 months)

#2 I am looking at purchasing a four plex investment property to gain some cash flow after expenses, but a bank won't even look at me.

Am I stuck in the FICO score abyss for four to five years waiting for my credit score to improve, or is there some way I can improve my credit score like 100-130+ points in a year? Its not like I was previously irresponsible with my credit, just ran into tough times and was 60 days late, ONCE in a 9 year credit history.

I’m looking for creative ways to improve my credit score. Waiting around is not an option. Any advice is greatly appreciated.

 

Five Ways to Boost Your Credit Score Over 100 Points!

 

 

 

Improve Credit Score – Even when you have a perfect history of paying your bills on time and an average amount of debt, there’s a good chance your score is still suffering. Now you have the ability to take control and get back that score you once had. Take Action Today!

In order to improve credit scores, a person should first find out what their credit score is by contacting a credit reporting agency. Find out how to consolidate debt to help improve a credit score with advice from a registered financial consultant in this free video on money management.

Expert: Patrick Munro Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.

Credit fix, 4 videos talk about credit report, credit score, credit repair, debt collection, collection agencies, bankruptcy, foreclosure, public records, judgment, taxes and more

Todd Ossenfort of Pioneer Credit Counseling explains the basics of a credit score and how to improve it.

Know Someone With Bad Credit? Fix Your Credit and Earn Income with NewCreditForYou.com! Earn Thousands of Dollars Now by Referring Your Friends, Loved One’s, and Others to NewCreditForYou.com. Visit www.NewCreditForYou.com for Info. Improve Your Credit and Earn Income.. www.NewCreditForYou.com

As a college student, I’ve racked up some credit card debt. I have never missed a payment, and have always paid at least -10 over the minimum amount.

My grandfather recently passed away and he left me quite a large sum of money. What would be the best way to pay off these credit cards? Should I pay half one month, and then half the second month?

The goal here is to a) settle my credit card debt, and b) improve my credit score. The inheritance money will be released to me monthly until the amount expires (around 0 a month for the next 10 years). Any guidance/suggestions are greatly appreciated.

Recently, a company to whom I was making payments to, submitted the balance of the bill to a collection agency. I am not contesting that I owe the bill. My equifax report just pulled down my credit by points, my FICO score…How long does it take for my score to go back up after I pay the bill Friday?

Right now I have a credit score averaging 690 on all 3 credit companies. I just paid off a collection from a medical bill on an accident I had years ago. I only owe a couple hundred on a credit card that I always pay off regularly. I do have about 5 credit cards because I thought they would help to improve my credit. Three of those cards I got in the past year and the other 2 over 3 years ago. I paid off 2 car notes already and co-signed for my brother’s loan. I have 2 bad marks on my credit reports (beside the collection) for being 30 days late. One of them was 2 years ago for my capital one where I decided to pay on line and i used my savings account, but I didn’t realize until I got my next statement that my bank didn’t allow it. Recently my brother didn’t remember to pay his car loan and it went on my credit report. So if everything goes approx. how long will it take for my score to reach 720? Also could I dispute the capital-one late mark since I tried to pay and didn’t know?

improveyourscore.org Who Else Wants to Know How I Raised My Credit Score Over 200 Points by Downloading Credit Repair Magic?