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Credit Score...

My credit score is not in the 600's, it high 500's, how on earth can I raise my credit score!!! This knocked me out of getting the car I wanted, even though Icould easily pay for it, what can I do?

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Anonymous

Asked by Anonymous at 8:40 AM on Aug. 14, 2009 in Just for Fun

Answers (4)
  • try to get a credit card and make the payments on time with it it will slowly raise your score my husband got one with premier bank only site i could find for it but you can google it https://www.firstpremierbankcards.com/4offer/


     

    Anonymous

    Answer by Anonymous at 8:44 AM on Aug. 14, 2009

  • Well, first you need to know the reasons why it is in that range. First step-order a free credit report through this website: https://www.annualcreditreport.com/cra/index.jsp
    It's free and it's the only one I recommend. Make sure all accounts have the correct information, and if needed, dispute anything that's not. To get a better credit score, you need to make payments on time, not have outstanding balances on credit cards that are too high (if you're constantly over 60-75% of the limit, you might be living off of them too much), and the more history you have the better. This doesn't mean having lots of accounts, but that you have them for a while with good history. It takes a while for these steps to pay off (depending on the reasons), but it is worth it. This website also has good info: http://www.myfico.com/CreditEducation/Articles/Default.aspx
    Good luck!
    busybug

    Answer by busybug at 10:03 AM on Aug. 14, 2009

  • I remember when I first tried to get a car--like you mention, I could easily pay for it, but I had a very low score-but it wasn't because I had "bad" credit-I just had no credit history!! So, I had to ask a family member to co-sign with me (maybe a choice for you?). I was so embarrassed, but I made peace with it, and made sure I always paid on time-I ended up paying it off early :)
    Years later is another story, I had a foreclosure, but the same advice applies. So, whatever the reason, be patient and handle money responsibly.
    busybug

    Answer by busybug at 10:11 AM on Aug. 14, 2009

  • it isnt free i just went there you can fill it all out for free but they want your card info for payment before you see anything .
    Anonymous

    Answer by Anonymous at 10:16 AM on Aug. 14, 2009

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