Jun
02
How can I repair my credit fast?
By
I’ve been able to pay off all my debt, except my mortgage. I still have bad credit, it goes up a few points every three months. I was just wondering if there’s a legal way to rise it faster.
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4 Comments
June 4th, 2010 at 9:06 am
NO, there is not. The FICO score formula was DELIBERATELY designed that way. The ONLY fast method is FRAUD.
June 6th, 2010 at 9:13 am
Piggyback on a family members good credit. They haven’t closed the loophole to become an authorized user on someone else’s credit card.
The person can call up and add your name to the card, have it mailed to them and their address and just cut it up. You don’t need to use the card to get the benefit of the good credit.
The best card is a low balance credit card that is a few years old. One that is charged up may not help you.
June 9th, 2010 at 8:17 pm
No. You need to re-build your credit, slowly. Keep your balances low (less than 1/3 of total credit available), pay all your bills on time. Stop sending out checks to pay your bills. Use a cashback credit card. This way you can kill two birds with one stone: You show that you can handle credit responsibly and at the same time you never pay your bills late. Eventually take out a small consumer loan and pay it back. It provides more evidence that you are a worthy credit user. Stop signing up for too many cards. Hold on to a few credit cards and make sure they have good credit terms.
June 10th, 2010 at 11:22 am
Hey,
if you need a step by step guide visit
It is recommended to not have more than 4 credit cards, pay bills on time and better to not go over your cc limit.
Johannes