Where to Improve credit score

[KenMarshall]

Thanks for helping

[juststupid]

I've been wondering the same thing. Especially the when and how to improve credit scores. Guess I will go search for some posts.

[poorme]

I know (having been there!) that you're looking for a quick and painless answer.

Do yourself a favor and thoroughly read all of the sticky threads at the top of this topic. There's lots of answers and experiences from many people who've been thru this already/ There are truly so many variables based on your personal scenarios that each person's recovery experience can be different than the next. But you have to take time to read and learn - understand what's in your credit reports and why it's there. Plan your steps - they take time. Eventually you can apply for the 'easier' credit trade lines and build from there.

Don't forget to ask yourself (or selves) - "Do I really need credit right now? Can I learn to live on cash for awhile and learn to budget properly?" Use the bk experience and fresh start to get rid of old baggage so you don't get into trouble again, although I should note that it's not always bad habits that get us here. There are many, many tales of personal tragedy and hardship that bring the bk wagon to our doors.

Good Luck! You can do this -

[russell]

Hi,

Before you can improve your credit score, it is important to understand a little bit about how your credit rating is determined. First, there are sveral different ways and companies that can provide creditors and lenders with a credit score. Most banks, however, use what is known as the FICO score . When people refer to your credit score, they are generally referring to your FICO rating. It's important to note that the term can be used generally, so if you are paying to receive a copy of your score, make sure you are actually getting a copy of your FICO score.

Lenders like to see a low credit to debt ratio because it shows them that you are responsible with money and can manage debt well. Those who have a high ratio are more likely to over-extend themselves and statistically have a greater chance of being unable to repay their debts.

[David]

Hi Ken,

Discovering how to improve credit score will only be the start of your journey. There are many different ways to manipulate your credit score, understanding how to improve credit score however is the most important step. Once you have this information you can then address any issue there may be and stop wasting money on high interest loans or credit cards.

[lrprn]

Russell, I removed the live commercial link in your signature. It's against our forum rules to have a link like this in your signature without prior permission from our administrator, Laz, or making 100 quality posts. Replacing the link or adding another will result in a permanent ban. Thanks!