What are the 7 secrets to a better credit score?
January 22nd, 2012 | 
Author: Question by JT: What are the 7 secrets to a better credit score?
Has anyone read this book? Save us some money and write up the highlights.
Thanks!
Best answer:
Answer by Shelly J
Check your local libraries to see if they have the book.
Below are a couple of links that I found that might be helpful.
I work in the real estate industry and I see people struggle with their credit every day.
My advice:
Make all your payments on time. Especially rent or mortgage
Pull your credit at least once a year and check for discrepancies. Legally, we are all allowed to check our credit report for free once a year.
www.annualcreditreport.com
If you don’t have any revolving accounts (like a credit card), open one but pay it off every month. Having available credit will make your score go up. But keep the credit limit at something you know you can afford. And make sure you pay it off. Don’t let yourself fall into a trap of charging yourself into debt.
If you are in debt, get out! Make a plan to pay off your debts in order. List all your debts in order of the highest interest rates. Pay minimum payments on everything except that #1 and put as much money towards it as you can. When #1 is paid off start putting that pament to #2. etc
Talk to your creditors and ask them to lower your interest rates. Explain that you are having a difficult time paying your bills and a lower interest rate will help. Most companies are willing to do it. If the person on the phone won’t help ask for a manager.
What do you think? Answer below!
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If you want my opinion and im sure you do. I wouldnt worship at the alter of the almighty fico score.
Basically its a I love debt score.
You have to borrow money and make payments on time to get a high score.
You have to keep borrowing money and keep making payments to keep a high score.
No payments = cash in the bank
Of course the bankers on here are gonna tell you different. But,
Debt free is the way to be!
Remember this, borrower is always slave to the lender.
Always!
It’s actually simple. The two best things you can do are pull your reports and dispute anything that is negative. List each tradeline separately in a list and next to each one indicate what it wrong. i.e. This account is not mine or This account was never paid late, etc…
Second, open up a few small credit cards and do not use them. Within thirty days they will increase your score as much as 30 points each. Their are no guarantees, but I have seen it work many times.