How much will my credit score improve?
I have three things new going.
One, I will have 3 collections (which is all of them) paid off but not removed.
I have two credit cards going now, which are the first two credit lines ever opened on my account.
And I have not one but two small $500 dollar loans going designed to help rebuild my credit.
Now I know credit card companies and finacing don’t like to see so much credit lines open because it may show your depenant on them but both those loans will be paid off entirely before I apply for anything else, in fact I might open up another small loan to do some more re building.
My score is hovering around 500, would I be expecting too much for it to be at 600 in 6 months?
Related posts:
- how long to improve credit score to 760 or above?
- What’s the best way to improve my credit score?
- how long will it take for my husbands credit score to improve?
- how fast does your credit score improve after paying off credit cards?
- I was thinking of gettin a loan to pay help pay off and improve my credit score, is this a good idea?
2 Responses to “How much will my credit score improve?”
Comment from Ozzie
Time March 1, 2010 at 11:48 pm
First this may sound mean but it is the truth. Your score is never going to improve unless you stop taking on loans or credit cards. Why? Because you sound like you are having trouble with you credit already. Pay off all bills without taking on more credit. Save money. Put say $1000 in a savings account. When you get that amount you can try for a card(1) from the bank. Charge small amounts($100) on the card and pay in full each month. In less than a year the credit companies will knock down your door. But you can get yourself in trouble again if you take on to much credit. That is the fastest way to get your credit score up. It will take 2 or 3 years but your score could be as high as 750.
Comment from steve g
Time March 1, 2010 at 11:40 pm
I don’t know, but as long as you behave yourself, your credit score can only improve.