What is the fastest way to improve my credit rating?
1. The Easiest Fastest way to improve your credit report is to pay down credit balances to less than 30% or at least less than 79%. 2. The Second easiest way is to dispute errors or outdated accounts on your credit report. 3. The Third easiest way is to re open past bad accounts and the fourth easiest is to open new good credit cards or get secured loans from your bank using your saving account balance as collateral. MAKE SURE THEY REPORT TO BUREAUS! Does Paying off collection improve credit scores? It does if you have 3 – 6 lines of open rated credit If I close my credit cards will it hurt my credit Rating? Most of the time YES! If you close on and have 3 more that are open maybe not. If you close one that has a balance it hurts no matter how much or how many other credit cards or loans you have. How many points will my credit score increase when I pay down a credit card? If your credit balance is greater than 79% and you pay it down to less than 30% your score will increase. How much
