What is the best way to raise your credit score?
- gmrwebteam
- 9 posts
- Joined: 3 months ago
- Hubs: 2
- Followers: 1
MoneyMonkee wrote:
gmrwebteam wrote:
Hi All,
What I suggest is that either you go for prevention or treatment.
Prevention is to learn the legal steps you must take to improve the credit report and beware of credit-repair scams.
Treatment is to pay the loans on time.
Still there are some money lenders are there who offer payday loans to the bad credit scores.MoneyMonkee says DO NOT, UNDER ANY CIRCUMSTANCES, go to Payday Loan -- in Monkee Opinion that is the banana peel slippery slope that lead to living in a tree (or under a bridge). Predatory interest rates (think Lion under tree, waiting for Monkee to make mistake) is only the beginning. According to people who know these things (Monkees could not care less), MOST people who borrow from Payday Loan places cannot pay back within the time allowed and then, helpfully, the Payday place will add in the accrued interest and re-lend THAT amount for another two-week or month period. Even Monkees know this is paying interest on interest and going around in such circles make Monkees dizzy and fall down.
You are quite right, but just think if some urgent need of money arrives then what can one do. Can't wait for bank for loans. Payday loans can be used in some emergency services.
Sorry if I am wrong.- jhnsmith978
- 3 posts
- Joined: 2 months ago
- Hubs: 0
- Followers: 0
Its not much difficult to Raise Credit Score..If you'll notice these 3 items concerned paying down credit balances, Your Credit Score will definitely gonna raise..
1. Pay down your credit cards.
2. Don't use credit card issuers who don't report your credit limit..
It is as simple as that..
http://www.PhilipTirone.com
88- Miss Belgravia
- 74 posts
- Joined: 3 months ago
- Hubs: 10
- Followers: 27
Some good advice here. However, I will tell you that disputing everything on your credit report is not a good idea, and it doesn't work the way it did a few years ago. The credit bureaus and creditors have become wise to that, and it's never a good idea to make fraudulent statements. Disputing accurate credit information is fraud. I'm a bankruptcy lawyer, and most of my clients obviously have awful credit. The advice I give them is to continue making on-time payments on their existing debt (particularly vehicle payments), get a secured credit card or low-limit unsecured card and pay off the balance each month, and save up as much cash as possible. Money always talks, and if you have a large down payment, you will get a much better interest rate on a mortgage, car loan, or any other type of credit.
=) 
=| 
=( 
=D 
:O 
:/ 
:P 
:lol: 
:mad: 
:rolleyes: 
:cool: 
