Categories for Raise Credit Score

Credit Repair, Increase Credit Score, Improve Credit Score, Credit Restoration, Free eCourse, FREE Credit Repair, Boost FICO Scores, Raise Credit Score, Fix Credit Scores Fast

September 1, 2009 9:00 am Published by

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www.PaperChasePros.com Increasing a credit score is way easier than most people think, The fastest way I know is to use what I call the piggyback method, I used this method to increase my score two months before buying my home. credit card credit union bad credit credit debt credit…
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Q&A: I heard you can raise credit score if someone add you to their credit line?

August 29, 2009 9:43 am Published by

Question by Heaven: I heard you can raise credit score if someone add you to their credit line?
I heard you can raise credit score if someone add you to their credit line, does that person need to have a good credit score in order for your credit score to go up?

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Best answer:

Answer by ruca80
whether that person has good credit or not, it does not affect your score. If you get added to the line of credit and the line is maxed out, yes, that could hurt your credit because you are carrying a high balance-to-limit ratio, and that is not a good thing to have under your belt. The positive side is that if there is no balance, it looks good when you have unused available credit; there’s less of a chance that you’ll default when there is no other payment to compete with. Either way, until the credit line is open for a few years, it won’t do much of anything. Payments need to be made on time—-basically the only way to boost your credit consistently.

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Fix Bad Credit – Credit Repair – Building Credit In Your Own Name After A Divorce

July 7, 2009 8:42 am Published by

If you are married, separated, or divorced, and most of the credit you obtained is in your spouse’s or ex-spouse’s name only, you should start to get credit in your name, too.

Getting credit in your own name is also an excellent strategy for repairing your credit if:

a) All or most of your financial problems can be attributed to your spouse, or

b) you and your spouse have gone through financial difficulties together, but most credit was in your spouse’s name only.

In order to understand how this works, you first must learn about which of your spouse’s accounts can appear on your report.

via Fix Bad Credit – Credit Repair – Building Credit In Your Own Name After A Divorce.



How to fix credit and raise credit score?

July 4, 2009 5:15 am Published by

Question by Lady: How to fix credit and raise credit score?
I’m trying to fix my credit and raise my credit score what are the steps to do that. I read that if you have any debt on your credit report over 2yrs. do not pay it because it lowers your credit score. Is this true.

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Best answer:

Answer by athleticutie22
You should always pay your debt. Think about it, you got into debt, why should you not have to pay for it? That doesn’t make sense.

First of all, never pay someone for financial advice. Pay off your credit card bills, loans, etc as soon as you can. Even if you can only make the minimum payments, do that. Don’t miss payments or become late on payments.

Only buy what you need. Don’t apply for any more credit cards or accept any new credit card offers.

Don’t take out any loans, unless absolutely necessary.

Get a 2nd job if you have to.
Make a budget.

There are some great tips on www.daveramsey.com

Good luck.

What do you think? Answer below!



Raise Credit Score Techniques That Don’t Work – Piggybacking

June 30, 2009 3:42 pm Published by

Raise Credit Score Techniques That Don’t Work – Piggybacking

In the past one of the best raise credit score techniques was piggybacking. This is the process of using someone else’s credit to increase your own. For example, if person A has bad credit, all they would have to do is have good credit person B add them as an authorized user on one of their credit cards with a long good repayment history. As a result, this information would be added to the bad credit person’s credit report and their score would instantly increase.

This was the surest, fastest and most effective way to potentially increase a person’s credit score over 100 points. Unfortunately, this strategy does not work anymore, or not as well anyway.

In 2008, the Fair Isaac Corp (FICO), the main credit scoring agency, changed the way they compute people’s credit scores. One of the things they did was closed the piggybacking loophole in order to put and end to this controversial practice. Originally, this was allowed because it helped parents establish good credit for their children as they started their adult life.

Since people discovered how powerful and effective piggybacking was, they started abusing the loophole. Credit brokerage companies and people started “renting” their credit to other people in exchange for several thousand dollars. Not only is this a risky move for the person with good credit, but it manipulates the credit scoring system as a whole in a way that makes it ineffective.

As a result, in 2008 FICO closed the piggybacking loophole by no longer factoring the co-authorized users accounts into their credit scoring formula. Now consumers have to face the music when it comes to bad credit and use other strategies to fix their credit score.

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Find out how your credit score compares to the national and get your quick credit fix. Download your credit score and reports for free at http://www.thecreditfix.info