Forums
I have a FICO score of 540. What are my best steps at getting this into the 620 range as I'm trying to buy a house within a few months. Any help would be great as I'm really in need of getting a new house. My score is low because i have missed payment but have pay them all back but my score still doesn't go up. Please Help
If your account has already been listed in your credit report as delinquent, your credit score may not improve even if you pay off your debts. This is because any negative listing stays there in your report for seven years and 180 days from the date you became delinquent on your accounts. However, you can improve your score by improving your credit history. If you have credit cards, try to use them efficiently by making purchases with them and repaying them back within the due date.
Hi, 80 points in a few months is not impossible but it will be hard. One late payment will not ruin your score. Pay down most of ur debt as much as you can afford to set aside for bills. Dont be late, dont apply for any cc or loans rite now. If you can try to get the late payment removed from your credit by writting them a letter.
Hi Michelle,
Firstly, analyze the negative listings in your credit report. Paying off the installment loans could help to raise your score. Do not use your whole credit line every month, even if you pay your balance in full. Your available credit is averaged over your billing cycle, which is sometimes less than 30 days.
If you've been a good customer for years, but had a rough patch and missed a payment - you might be able to ask your creditor to "erase" a negative listing. You can do this with a goodwill letter. There is no guarantee that a lender will do this, but this method has had lots of success. Good Luck to You
XzCROFXAiKfMX
A big part of your credit score is the ratio of debt to avbaille credit limit. Anything over 30% kills your score. If you have $9,000 credit card debt, you need to be paying a lot more than double the minimum! Stop using those credit cards and start throwing every penny you can at that debt to get it paid off.You are wasting a lot of money on that high interest and with that much debt, you could find yourself in a lot of financial trouble very easily. Pay off those credit cards and only charge what you can afford to pay in full every month.