Increasing credit score- How do I go about it?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

I would like to increase my credit score to buy a house. My credit history is as follows.... My current score is 574.

Filed bk in 2002. Since then I have had 3 auto loans, which have been paid on time for the most part. I did have a credit card but it went over the limit. I settled for less than the actual amount due to get rid of it. I also have several medical bills in collections. I intend to pay them all off within the next few months. I know that the necessarily won't remove the account from my credit report but what wording should I ask that they add to the account. Is it best to pay the original creditor and act as if I did not know it went to collections? Also, how do I go about getting information added to a credit report? My bank reports to TransUnion, how do I get the information added to Experian and Equifax. I want possible lenders to get a complete picture.

Hope I provided enough information. Thanks in advance for all and any help.

Increasing credit score- How do I go about it?

For buying a house Credit History is much more important than credit score. Often, the lack of credit history is equated with bad credit. You should be aware that lenders will go through your credit report once you apply for loan for buying a house. Therefore you should polish your credit report. Anyway, in order to establish a good credit history and at the same time risen your credit score in a short time do following things:

1) Close all of your credit cards but one. It reflects in your credit report and it is a very good sign. For instance say that you have 5 credit cards with $1000 credit limit for each. Therefore you are responsible for $5000 of possible debt. But when you close 4 of them, now you are only responsible for $1000 of debt which lowers the level of risk of lending money to you.

FirstPrevious12 3 4 5 6 7 Next End

Increasing credit score- How do I go about it?

Topic