Richard Said:

I was wondering how I could improve my Credit Scores ?

We Answered:

Pay off your debt, start with those that have highest interest first. NEVER be late on payment (being late on ANY bill can also get reported..not just creditcards). Pay as much as you can, not just minimum balance (interest will kill you and will take even longer to pay it off) Keep your credit card debt as close to 0 as possible or at the very least less than 30% of your total credit line at all times..

Colleen Said:

How can my husband and I improve our credit scores?

We Answered:

You probably won't be able to improve his credit score in three months. It usually takes a solid year of consistent monthly payments on anything to improve a credit score. There are credit cards that pretty much anyone can get, regardless of credit, that will help. They will charge a lot of fee's initially and usually around 20% interest, but it is a step. Have him try Household bank and Orchard bank first. If he can't get one of those have him try Continental Finance, they approve most anyone. Just do a google search for them. Plus, if you can afford it have him get a car loan. Usually if you have bad credit you have to get a car with under 50,000 miles which will make it more expensive. Plus the interest once again could be around 20%, but a car is a great way to increase your credit score. Plus after a year or so of timely payments he could refinance his car and the interest would probably drop at least by 8-9%.

I would say try to get a nicer apartment, you never know what you could get, especially if you rent one from a person and not a complex or real estate agent. But definitely try these things because they will help, as long as he makes the payments.

Gilbert Said:

Ways to improve my credit scores?

We Answered:

First, don't charge anything you don't positively have to have. Second, try to pay more than the minimum payment. If you always pay the minimum, you'll never pay off the cards. Third, get rid of all but 2 of your cards, you don't need alot. Then, try to find a bank, try to find a credit card company that has the lowest rates,you'll have to ask them , they won't tell you their lowest rates, and consolidate your cards into that one. Pay as much as you can on the bill, even if you have to do without buying new things. You'll soon see your bill come down. Everybody gets into debt, but you have to be careful with credit cards. It's so easy to say charge and forget you're not paying with cash. As much as you can, pay with cash ,food, gas, and necessary items. Good luck to you.

Henry Said:

How to improve credit rating (FICO or similar scores) if i had defaulted a credit card in the past?

We Answered:

what is credit rating anyways? It is a number given to assess and reflect your creditworthiness. Your credit score will be a number valued from 300 to 850. While numerous factors can be attributed towards this rating, your payment and debt history are more important than others.

To start with, you shall need a copy of your credit report. If everything in the reports is good, then you can be rest assured that you will have a good credit score. Getting your credit reports is easy and pain free. Actually you are permitted one free copy of your credit report, every year. Read more about it at: http://www.credit-card-gallery.com/artic…

Erika Said:

Can refinancing current mortgage into spouse's name improve credit scores?

We Answered:

If you pay it off, it will show as "PAID" but it will also show HOW you paid such as "PAID AS AGREED" is the best. Your credit score is based on several different factors, and being a homeowner will up the score. Some other things to keep in mind if you want your credit score to go up is...

Living in the same residence for 2 or more years
Having the same employer for 2 or more years
Being in the same line of work for 5 years or more
Your Debt/Income ratio (how much is your income is compared to how much money you owe)
What types of various credit do you have, credit cards, mortgage, personal loans, care loans, etc.
If you have too much credit that you have access to....(too many credit cards with high balances or just too many credit cards with a balance).

Hope this helps. I've worked in the credit industry all my life and we had to go to a class to learn all this stuff. I'm glad it finally came in handy...lol