Comments on: Credit Score Question?

By: Benzo

Benzo — Sun, 22 Nov 2009 10:34:56 +0000

Are you putting a dent into your debt? Pay down your debts to increase your score quicker.

By: MSAD

MSAD — Sat, 21 Nov 2009 06:19:12 +0000

If you pay off your debts – thereby reducing your debt to credit ratio – your credit score should move. So focus on continuing to pay your bills on time and really getting those debts paid off.

By: KnowItAll

KnowItAll — Thu, 19 Nov 2009 20:36:01 +0000

Mine jumped from 732 to 750 in 2 years. So, it is extremely difficult to increase it when the score is in the high range already. I haven’t missed a single payment in my life and it is still moving this slowly. I just got my first auto loan so I’m hoping that will increase the score a little faster. I try to follow the article i found on eHow. It helps a lot. Don’t get your hopes down, the score will increase at its own pace. Atleast you are building good history by making payments on time.

By: Reality Check

Reality Check — Thu, 19 Nov 2009 02:27:45 +0000

Well you’re in the 700′s now…..to get farther, it takes more time than 5 months of steady payments.

You probably saw significant rises in your score when you were in the 500′s, maybe even 600′s (don’t know how low you were). You may not have the correct types of credit, or different types of revolving accounts established to keep your score going higher.

If you have 2 credit cards, a home loan, an auto loan (or two), and a personal loan…that you are all caught up on, making steady payments, and keeping the balances low, then you’re on the right track. If you only have a few credit cards and not much else, you don’t have a lot of revolving or installment accounts, and it may take longer for your score to rise.

You’re in the 700′s, that’s good in itself.