|

06-04-2008
Two ways to get your scores up as quickly as possible:
1) If you owe more than 50% of the maximum balance on any of your credit cards, then get those balances under the 50% mark. Once you go over 50%, the agencies penalize you as a risk and may drop your score significantly. You will notice the boost relatively quick once you get your balances lowered.
2) Take out a small credit card and charge your gas/food to it every month ($10-20 or less). At the end of every month, pay off the debt completely and bring the balance to $0. This shows an extreme stability to the bureaus and also shows a nack for clearing off your debt. This should boost your scores as well.
cheers!
|