Incease Credit Score?

xx CURVE xx · 01-29-2009, 09:09 AM

I need to add 130 points to my credit score....any ideas?

Rider · 01-29-2009, 09:15 AM

Have low balances spread out across many credit cards.

xx CURVE xx · 01-29-2009, 09:26 AM

Quote:

Originally Posted by Rider

Have low balances spread out across many credit cards.

yeah i know that part

....maybe i should explain a bit...

I'm trying to get home equity loan set up....my credit union says my credit score needs to be at a certain point... I'm 120 points from that goal...my school loans are what hurt me...just set up a payment plan for them....Bank says will take 3 to 6 months for score to go up?..that sound right??

Also...is it true that anything on your credit report that is 7 years old or older can be or should be removed???...

Rider · 01-29-2009, 09:32 AM

Quote:

Originally Posted by xx CURVE xx

yeah i know that part

....maybe i should explain a bit...

I'm trying to get home equity loan set up....my credit union says my credit score needs to be at a certain point... I'm 120 points from that goal...my school loans are what hurt me...just set up a payment plan for them....Bank says will take 3 to 6 months for score to go up?..that sound right??

Also...is it true that anything on your credit report that is 7 years old or older can be or should be removed???...

One thing you can do, is ask everyone of your credit card companies to increase your credit limit.

I have no idea how long things remain on your credit report.

A very close friend of mine owns a credit repair business. I can get you in touch with him if you want.

xx CURVE xx · 01-29-2009, 09:43 AM

Quote:

Originally Posted by Rider

One thing you can do, is ask everyone of your credit card companies to increase your credit limit.

I have no idea how long things remain on your credit report.

A very close friend of mine owns a credit repair business. I can get you in touch with him if you want.

I only have one CC now...last one i had went to shit back in university days...
Yeah ask your friend...That would be cool..

Tmall · 01-29-2009, 09:59 AM

I went from not even qualifying for over draft to having a car, bike, cc, and 20k line of credit in about 1.5 years.

I paid everything on time. Kept cc balance low. Used it a lot, but paid it off immediately.

Fast and credit rebuilding don't usually go hand in hand. And don't "seek" credit from too many places. If you get denied, it's negative points for you..

Amorok · 01-29-2009, 10:36 AM

Signature loans. I went to the bank, got signature loans for 500 bucks, and paid them off on the schedule. I pretty much just gave them their $100 bills back over the loan period. I usually had two or three out at a time, and I went from qualifying for $500 on a signature to where they'll give me about $5000 on my signature alone now. It take time though, the loans are usually for six months or a year. Don't expect it to be soon.

azoomm · 01-29-2009, 11:07 AM

Alex, how do you get a home equity loan without a mortgage, or even owning a home? IIRC, you're renting...

xx CURVE xx · 01-29-2009, 11:15 AM

Quote:

Originally Posted by azoomm

Alex, how do you get a home equity loan without a mortgage, or even owning a home? IIRC, you're renting...

It's my old house where i lived before i moved to Austin...it's been paid off for years...

ontwo · 01-29-2009, 11:24 AM

120 points will take a while.

And getting MORE credit will not help. The more available open credit that you have will LOWER your score. Also, everytime you try to get said additional credit, the bank will pull your credit again and that LOWERS your score.

The only real solution is to get a copy of your credit report. First, pay any outstanding collections or judgements. Next, catch up any payments that are currently past due. Next, make sure everything on the report is accurate and dispute anything that is not.

Other than that. Maintain PERFECT pay history, and the rest will just take time.

01-29-2009, 09:09 AM	#1
xx CURVE xx SMELL MY LEVER Join Date: Nov 2008 Location: Texas Moto: Tards Posts: 1,034	Incease Credit Score? I need to add 130 points to my credit score....any ideas? Last edited by xx CURVE xx; 01-29-2009 at 10:37 AM..

01-29-2009, 10:36 AM	#7
Amorok Issukangitok Join Date: Nov 2008 Location: Biloxi, MS Moto: '06 Suzuki Boulevard C50T Posts: 2,225	Signature loans. I went to the bank, got signature loans for 500 bucks, and paid them off on the schedule. I pretty much just gave them their $100 bills back over the loan period. I usually had two or three out at a time, and I went from qualifying for $500 on a signature to where they'll give me about $5000 on my signature alone now. It take time though, the loans are usually for six months or a year. Don't expect it to be soon. __________________ What goes around comes around. Sometimes you get what's coming around, and sometimes you are what's coming around. You see what I mean?

01-29-2009, 11:07 AM	#8
azoomm moderator chick Join Date: Feb 2008 Location: Hill Country TX Moto: Pasta Rockets Posts: 8,917	Alex, how do you get a home equity loan without a mortgage, or even owning a home? IIRC, you're renting... __________________ We have enough youth. How about a fountain of "smart"? Come Play at the Track!! http://www.elitetrackdays.com

01-29-2009, 09:15 AM	#2
Rider Moto GP Star Join Date: Feb 2008 Posts: 12,156	Have low balances spread out across many credit cards.

01-29-2009, 09:59 AM	#6
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	I went from not even qualifying for over draft to having a car, bike, cc, and 20k line of credit in about 1.5 years. I paid everything on time. Kept cc balance low. Used it a lot, but paid it off immediately. Fast and credit rebuilding don't usually go hand in hand. And don't "seek" credit from too many places. If you get denied, it's negative points for you..

01-29-2009, 11:24 AM	#10
ontwo Designated Drinker Join Date: Jul 2008 Location: shitville Moto: 2009 ZX6R Posts: 1,661	120 points will take a while. And getting MORE credit will not help. The more available open credit that you have will LOWER your score. Also, everytime you try to get said additional credit, the bank will pull your credit again and that LOWERS your score. The only real solution is to get a copy of your credit report. First, pay any outstanding collections or judgements. Next, catch up any payments that are currently past due. Next, make sure everything on the report is accurate and dispute anything that is not. Other than that. Maintain PERFECT pay history, and the rest will just take time.