How to improve credit score fast?
Having credit is a responsibility and many people are not very good with managing their money especially when using credit cards. You need credit often times to buy a car, home, furniture, and even now some employers will look at one’ credit score to give them an idea of the person they’re going to hire. If you’ve had issues with credit the best way to improve your score is to settle any outstanding debts and don’t accumulate any additional debt. Pay your bills on time each month and be consistent with the payments and over time the creditors will begin to report your on time payments to the three credit bureaus. Set a budget and stick to it and if anything pay in cash because the less you use credit cards the better off you’ll be credit score wise because you’re not adding to your debt load. Bottom line pay your bills on time and don’t fall behind. You really can’t speed up your credit score, but paying bills on time helps you out over time.
The entire credit score concept is pure BS. No institution should have the authorization to monitor my spending unless they pay my bills. My credit score was excellent for years and years and after my husband passed away and his business went down the tubes (thanks to a son-in-law who ran it into the ground), my condo was foreclosed and my credit score has been ruined at age 70. Through no fault of my own, I get taken over the coals whenever it comes time to lease a car, etc. Lenders do not take into consideration what was but simply what is. At some point in time I not only leased one but two vehicles with no problem at all. All that history means nothing. The government cannot keep their spending within budget and they should not be telling me how to budget my expenses.
You can’t deny that you stopped paying a credit card bill when you were unemployed last year. But you can ask creditors to “erase” that debt or any account that went to collection. Write a letter offering to pay the remaining balance if the creditor will then report the account as “paid as agreed” or maybe even remove it altogether.
