LoveToKnow Creditcards:AllComments

Comments

Melinda,

You can raise your credit score if you follow the tips in this article. The Credit Report Score Chart is a great way to see how each activity you take might change your credit score.

Thanks for your question.

-- Contributed by: SusanWeber

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I would like to know how to raise my crdit score from 619 to 700.

-- Contributed by: Melinda Ann Andrews

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Tobias,

The sooner you can pay off your debt the better. After you pay off the debt, be sure to review your credit report at all three major credit bureaus to ensure that the debt is shown as paid. If the reports are not correct, contact the bureau in writing detailing the error. Be sure to follow-up to make sure that the error is corrected.

Thank you for your question and for visiting LoveToKow Credit Cards.

-- Contributed by: SusanWeber

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I have a charge off on my credit from a repo from a auto loan about 4 years ago. I make monthly payments to the collection agency and recently recieved a offer to eliminate the debt if I pay 50% of the total due for settlement. Is it better for me just to pay the total balance due or accept the settlement offer ? How does this improve my overall credit score ?

-- Contributed by: tobias

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Samer,

Your credit score will improve if you pay off your credit card debt, and then continue to pay off your monthly balance. The amount of the improvement is impossible to predict since it is, in part, based on the the amount of credit extented to you and your past payment history. You will see a score improvement within a year after you pay off your credit card debt. That improvement will continue past the one year mark based on the frequency and detail of the credit information reported by your credit cards to the credit bureaus.

Thank you for your question and for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

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i have mny credit card total about 8000$ if i pay them of in next three month and i use only one and pay it off after every purchase , will my credit improve in a year??if yes how much

-- Contributed by: samer

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Lee,

It may take as as long as eighteen months for your credit bureaus to get caught up with your new credit card balance information. You should check your credit report every year to make sure that the information is correct. If you have made major changes in your credit situation, such as paying off large debts, you should check every six months.

Thank you for your question and for visitng LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

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Ive payed off all my debt it was about £20000 its been all clear for about a year try-ed to up date my bank account and get a new TV on credit but still refused will i be able to get credit again if yes how long would it normally take.

-- Contributed by: lee

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Dear Vijay, You can have a poor credit score either because of your payment history on your existing credit cards and loans or because you don't enough credit history. If you have credit cards, you can increase your credit score by following the tips offered in the above article. If you need to build a credit history, you might want to consider taking out a secured credit card to help build up your credit score. Look for a card issuer that reports your payment history monthly. Frequent reporting helps you can build your credit score more quickly than an issuer who only reports your payment activity every quarter.

Thank you for your question and for visiting LoveToKnow Credit Cards.

-- Contributed by: SusanWeber

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hello john iam vijay acutally iwant to improve my credit score from poor to good how can i do that and i havent got any credit cards with or any loans to pay still my score is poor what should i do to improve my score

thanks vijay

-- Contributed by: vijay...ar
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