Believe it or not, the fastest way to raise your score is to pay things on time. Pay all of your bills on time. Especially your credit cards, mortgages, and car loans. These are the things that, if paid late, are reported to the FICO agencies the quickest. But paying all of your bills on time, including your utilities is extremely important in getting your credit score up. If you have not been doing this, start this month. You may have to skip your daily stop at the coffee shop on your way to work each morning (which can save you more than $100 a month) or your manicure every two weeks (which can save you more than $50 a month), but it will be well worth it to get your FICO score up and get approved for the car or home your heart is set on.
When asking what is the fastest way to raise my credit score, another thing you can do is apply for new credit. Try applying for 5 or 6 cards in a short time span (like all in the same day or within a couple of days). When you apply for them close together like that, it only counts against you as one inquiry. And getting the cards approved will increase your available credit which is a primary factor in improving your score.
So now you know two answers to what is the fastest way to improve my credit score. Pay your bills on time, and obtain new credit.
In these tough economic times, your credit score is more important than ever. Even people with seemingly good credit are getting turned down for credit cards and home and automobile loans. Everyone is frantically searching for What is the Fastest Way to Raise Credit Score so that they can get the loan they need.
Another thing that is happening is that businesses are being more harsh when it comes to negative credit reporting. Many people have noticed their credit score dropping as much as 200 points in one month just for being late on a few bills. The companies that are doing this hope that this will give their customers a little motive to start paying their bills - and paying them on time.
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