What are the best ways to incease your credit score

There are certain ways which can help you to improve your credit score,

• You can pay all your bills on time as late payments have a negative effect on the credit score;
• You can try and keep the balance low on the credit cards;
• You may pay off the debts rather than moving it between credit cards
• Do not apply for or open new credit if you need them.
• Verify your credit report frequently for accuracy and contact the creditor and credit reporting agency to correct any errors
• If you have missed any fee, get up to date and stay up to date.

For further queries, do post. :)

I have heard that the credit bureaus are taking a hard look at the practice, and may scrap the reporting of "authorized user" tradelines altogether.

Hi tjs,

I don't think that they can guarantee any increase, bypassing the regular procedure. It's a time taking process and I would recommend you to stay away from credit repair agencies.

You can try the following books on credit repair:

• The Credit Repair Kit by John Ventura
  Credit Repair by Robin Leonard
  The Credit Repair Rip-Off by Bob Hammond

You can also try DiMaggio's "Credit Repair: What the Credit Industry Doesn't Want You to Know".

Thanks a lot. The suggested books will be really helpful.

My credit score is 530. How do I improve it?/ Of course, I have deliquent accounts. Any way I can get rid of them? Any advice?/

See wendy,

when you have a delinquent account which is yours, the liability remains yours as well, its for your good if you pay off your debts. That would increase your score slowly but steadily. If they are not yours then go ahead and dispute them.

Also remember, depending on the kind of debt see whether they are out of your SOL or not. In that case you wont be forced to pay the debt though it will still remain yours. However if the account is out of the SOL keep in mind that if you make a payment your SOL will renew all over again.

Slowly, but, surley, I am payong debts off. Can I, please, ask a question of you? ( may sound crazy), but, what does SOL mean? Thanks for the advice.

SOL = Statute of Limitations

This means the amount of a time a creditor has to file suit against you in order to obtain payment on a debt. It varies from state to state and also with the type of debt (credit card, contract, etc...).

Great... initiative is what is required. Be on your guard and keep paying your bills on time. Things will be good once you streamline all the delinquent and regular paid accounts.

Good Luck :)

SOL..I should have known that. LOL I am working on my credit, little by little. I was the type of person who wanted to solve things right away. But..you find out ( the hard way), that " Rome wasn't built in a day". Thanks for the advice everyone.

Yes it does take a lot of time to solve a problem than what we actually think it should.

Have a comment, on the 'trade lines' thing. I've been getting ALOT of those kinds of ads lately..........." we'll increase your score by 200 points," Well.........a few I have read about are crazy!! They will " give you a line of credit ( for a price, that is) If you pay them $1000.00-$1500.00, they will "give you the 'POSITIVE' credit for 2-5 years." $2000.00-$2500.00 they will give you " credit for 5-10 years". They won't START the 'credit' until your 'fee' is PIF. ALSO.....they charge a monthly 'debt fee'. GOD!! How can companies be SOOO decieving??!! This what the 'Seasoned Trade Line ' is. Really something, when you read the 'fine print'.

I wonder why they are not being stopped. How can any company increase mt score? the amount of money they are asking for can pay off three of my debts. I would never go for such monstrous services

Isn't that HORRIBLE??!! I've read a few DIFFERENT companies, with the SAME approach. Believe it, or not..a few of the 'repair companies', I've read this information on, is advertised on the VERY TOP of this forum.

Best I know, there's no way to filter the ads that google places on a website.

I dont think the forum is related to the ads because google can place ads anywhere on a website.

Many people don’t realize the importance of having a good credit history. They ignore problems early on in their lives and over the years, the problem becomes an enormous, credit-eating beast that’s impossible to overlook. Everything from car insurance, to personal employment, takes into account your credit score. Most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureaus. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. To learn more on how to build credit and reach personal financial success, check out this article on the payday loan money blog at PersonalMoneyStore.com.

I think the ABOVE post, is a DOUBLE Post. Thsi post was on another thread.