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  • How can I rise my credit score?

    AndreNel

    AndreNel

    @andrenel-vIKiWR
    Updated: Oct 26, 2024
    Views: 1.2K
    [FONT=&quot]My husband and I were trying to purchase a home but we need to raise our credit score and I heard about this credit enhancement program that will raise your score to 720 but it costs 750 dollars, any suggestions you have?[/FONT]
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  • gohm

    Member • Jul 21, 2009

    That sounds like a scam. You cannot "buy" a good score (not in that sense). Routinely purchasing with credit cards and not carrying roll over balance, removing all debt, apply-qualify & pay off early small loans/forms of credit. Check your credit report for errors or old debt items that can be removed. Increase your household income.
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  • Ashraf HZ

    Member • Jul 22, 2009

    gohm, do students in the US who have heavy debts due to study loans immediately have bad credit scores?
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  • gohm

    Member • Jul 22, 2009

    Yes, a high level of debt combined with a low to no income (the situation of many students and recent graduates) greatly effects your credit.
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  • Harrypotter

    Member • Jul 22, 2009

    Most credit repair companies or law firms only take one of the multiple steps that are necessary to produce the results, that strategy has a much smaller success rate than the comprehensive, multi-faceted approach which can solve the problem of #-Link-Snipped-#. The company you choose must have the years of experience of working with the institutions that write the lending guidelines and make the credit decisions. To restore the credit rating, you need to education and counseling program with all of the knowledge and tools necessary to improve your credit rating.
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  • digitalchef

    Member • Aug 13, 2009

    gohm
    Yes, a high level of debt combined with a low to no income (the situation of many students and recent graduates) greatly effects your credit.
    Income does not matter on credit score. Credit score is primarily based on paying on time and balance / credit available ratio. They key is to maintain a healthy number of open revolving accounts, make your loan payments ontime, and keep your average balances low. Over time as loans get paid / paid off this will build your credit.

    I built my credit from 500 (after college w/ defaults) to 790 in 8 years.
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