Tuesday, July 7, 2009

47 Ways to Raise Your Credit Score

At Another website I run I often get asked questions about credit scores, and how one can raise them. Yesterday someone emailed me with a 600 Credit Score, who was panicking because she couldn't get a mortgage. She wanted to know how she could raise her score to at least a 700 within 12-18 months. Without Going into detail I have listed 47 different ways one can raise their credit score. Many of these are obvious, yet people continue to ignore them.

1. Make Sure that each Creditor Reports to the Credit Bureaus
2. Add Your Name to Someone Else’s Good Account
3. Get Credit Advice from a Professional
4. Do Not Max Out any Credit Cards
5. Pay All your Bills on Time Every Time
6. Get Current on Past Due Accounts
7. Immediately Settle Disputed Accounts
8. Do Not Close Unused Credit Accounts
9. Do Not Make Too Many Credit Inquiries
10. Reduce Revolving Your Debts
11. Never File For Bankruptcy
12. Dispute Delinquent Credit Accounts
13. Correct Credit Report Inaccuracies
14. Get a Secured Credit Card
15. Open New Credit Accounts with High Limits
16. Close Accounts Slowly, Starting with the Newest
17. Get a Savings or Checking Account
18. Quickly Dissolve Joint Accounts after a Divorce
19. Avoid Consolidating Debts or Balance Transfers
20. Negotiate Better Terms with Creditors
21. Stop Using Credit Cards
22. Ask for a Credit Limit Increase, But Not Too Often
23. Never Take a Cash Advance
24. Occasionally Use Your Credit Cards
25. Pay Utility Bills on Time
26. Maintain at Least One Good Account
27. Something is Better than Nothing
28. Shop for Loans within a Short Period
29. Live Within Your Financial Means
30. Apply for an Auto Loan
31. Don’t Open Too Many Accounts within a Short Period
32 Add Information to Your Credit Report
33. Payoff Existing Loans
34. Pay More than the Minimum Payment
35. Ask Creditor to Delete a 30-Day Late Item
36. Enroll for Automatic Bill Paying Services
37. Resist the “In-Store Credit” Temptation
38. Pay Credit Cards Early
39. Do Not Exceed Your Credit Limit
40. Pay Balances Off in Full
41. Avoid Finance Companies
42. Re-Open Closed Accounts
43. Lower Your Overall Debt Ratio And Increase Your Assets
44. Have at Least Three Open Accounts At Any One Time
45. Do Not Apply for a “Capital One” Credit Card
46. Prioritize Your Debts
47. Always Know Your Credit Score


trisha said...

Why #45/

robert said...

what is the number of credit cards one should have ? i have just 1, but its not sufficient, please answer . www.720CreditScore/

johnchristine375 said...

In spite of a bankruptcy, my credit score went from 540 to 748. and my credit score is increase with the help of site named https://www.720creditscore.com//.. once my credit score increased , my Life is changed.. now i have a new car and my own house!!

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Jennie said...

Great Tips!
thanks for sharing
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Sprinter's Blog said...

Here are 5 easy credit building steps

5 Easy Ways to Build Your Credit Score

Cathy Mena said...

47 ways.........
but it will be possible by applying some of them....:) credit repair company

Credit Repair said...


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rachel said...

These are great tips!
It may also be helpful for people to read an article by Robin Holland that spells out exactly what makes up a credit score and why they matter: http://credit.equifax.com/2010/06/debt-reduction-why-paying-down-your.html

thetoptens said...

Credit repair companies can help consumers with many of the 47 steps mentioned. www.the-top-tens.com has a list of the best credit repair companies for those who are interested in receiving help.

Rex said...

Yeah these are great tips! Paying your credits on time seems like an obvious one, but automatic bill payments is one that I would never have thought of. Your visitors may want to check this page out, that details the differences of what a good credit report score vs a bad credit report score can mean.

Austin said...

Sometime thing seems not according to our way..
like we want to score high in credit policies but we comes in the net of credit card frauder and collectors .For this kind of situation You must contact identify theft protection team

Joe said...

Great Tips
These tips are followed by almost all Credit Repair Services providers.

Dan Ponjican said...

Great post. It is amazing how little people know about what to do with your credit after a bankruptcy. Access to credit tools and education is the key to recovery!

Matthew said...

This is great. There are so many misconceptions out there sometimes it's hard to know where to turn. We've taken this one step furthur and created a whitepaper guide for maintaining good credit.

You can find it at:

Matthew said...

Great entry, thank you for clearing up misconceptions. We've taken it one step furthur and published a whitepaper guide to maintaining good credit.

You can refer to it at:

clinton robert said...

Thanks for sharing this post. This list is truly beneficial for credit score. If you want to more increase credit score

Zachary said...

These are awesome tips. I think if more people listened to this there would be way fewer financial difficulties. Evidently, often the hardest part after learning how to repair your credit score is to take action.

edlenorth said...

These are great tips to increase your credit score. This blog is very useful. Thanks for Sharing.
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Luqman Jannah said...

Good blog.. Find more info about credit score here -->> http://www.infoaboutx.com/credit-score/

Zachary Colbert said...

You've missed out that using prepaid credit card that can also help owners improve their credit score. Surely this deserves a mention too? Other than that, a great comprehensive list, thanks for sharing

Myra said...
This comment has been removed by the author.
Maggie Lykins said...

Your blogs are totally worth giving time and energy.
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Dianne Grover said...

47 is a good number. I actually find all of them relevant to the issue of improving credit scores. There are bankruptcy attorney Baltimore firms who can help people with their problems but it is also good to educate one's self about credit to avoid the worst case scenario. I am a fan of precise but heavy tips. I will drop by your blog often to know more of things I can do to get the best out of my credit card. Thanks a lot!

Calvin Brock said...

A credit score takes into consideration: payment history, current earnings, current debt, length of credit history, types of credit utilized, and your new credit. If two or more members of your family are earning then apply for a loan jointly. free credit score

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