How Long Does It Take for Credit Score to Improve?

 

We talk a lot about the length of time it takes to get things off your credit report, of not falling into the trap of trying to chase after instant gratification–seriously, grab a candy bar it’ll do a similar trick–and we also talk about being realistic. Looking into ways to raise credit score 100 points overnight is really not part of actual reality. You may end up with a 100 point (or more) jump if you do things right, but it won’t be overnight. People call us all day every day asking how they can get into a better credit position, but it’s very simple, as far as how to improve your credit score goes anyway. When it comes down to credit, there are three things: negative data that can be removed, negative data that cannot be removed, and adding positive data. These are the main overall, most general factors when it comes to your credit. So, first off, the negatives.

How can I fix my credit score?

When people talk about “fixing” their reports, it usually means removing the negatives, but it could also mean they have a number inside their heads that means great credit and that’s what they want and they want what they want despite not knowing how to get there. That’s fine. We get people who don’t know much about credit calling us all day long asking us “How long does it take to improve my credit score?” without any idea of how to do it. That’s why they are calling us. But the first step is always taking away the negatives. There are some negatives that cannot be removed, late payments, bankruptcy; and there are some that can, collections, chargeoffs. The secret is getting what you can removed, so you can be the best possible position to raise credit score profiles across all three bureaus. There are also certain parts of your reports that aren’t necessarily negative, but also affect your credit when overdone. We’re talking about inquiries here. We hear the common refrain: why do we get penalized for applying for credit? It’s a fair question, but we don’t exactly live in a society that demonstrates self control on a general level. If people could apply for credit without consequence, then they would apply, over and over and over. This would take up time, on everyone’s part, so making the inquiries a part of your score is a subtle way of seeing if you have self control enough to know that a decline means “Stop.”

As far as the negative marks that cannot be removed, inquiries, late payments, bankruptcies, and the like, the only thing that can help these is time. That is perhaps not what anyone wants to hear, but even if you have many late payments, these will stop affecting you so much after six months or so. Inquiries do not count against your score if over a year old and drop off completely after two years. Unfortunately, with bankruptcies, the answer to how long does it take to improve credit score is not so simple. After all, a BK is only a single negative mark, and you can certainly put your credit score back in order quickly if it is the only one. What you can get approved at that point is where it gets hazier, though we see plenty of people with credit card approvals after a BK. So, okay, let’s say you’ve got the negatives off, now it’s time to…

Buy credit lines

If you take a neutrally buoyant object, it will not move up until you add something that makes it positively buoyant. A credit report that has the negatives removed is like a neutrally buoyant object. You can see a report with a 560 not move at all when removing all collections, even to the point that the report is basically wiped clean. This is when you need to get positive data added, either through purchasing them or through getting approved for ones on your own. The problem is that it’s hard to get approvals when you don’t have anything on your credit. This is why buying seasoned credit lines is even a thing. Overall, the time it takes to improve a credit report can be anywhere from 2 weeks to 6 months (or longer). The temptation in trying to take shortcuts by purchasing another credit profile may be great, but it’s always better to improve the profile issued to you by the SS administration.

Keeping Your Eye on the Goal AND How to Boost Your Credit Score

 

Quick! If we were to ask you to jump into a car and start driving, would you do it? Of course not! At least not without asking these two questions, where am I going, and why am I doing this? These are two very, very important things to keep in mind when it comes to your credit. If you don’t have a destination, how will you know you’re on the right track to get there? Hint, hint: this can also apply to other areas of life [wink] [wink]. If you’re looking up how to improve credit score fast we might have some bad news for you. How long did it take to screw up? Years? Well, good news, it won’t take that long to fix, but figuring out how to raise your credit score is not as simple as just reading articles on the net and applying general things, because your credit score is unique to you. That doesn’t mean there aren’t things you can do that won’t help things out quick. Perhaps you’ve punched in some scenarios into a credit score simulator and come up with some possible courses of action. Add some tradelines, pay off some debt, remove some negatives, but what site is this on? It may be relevant only to the algorithm they are using. Are they using Vantage, fico? Is there a fico and credit score difference? No, fico is your credit score, at least as far as lenders who will actually run your credit for things you want. Is there something general we can tell you that will help improve credit scores though? Yes, there is.

How to raise your credit score: a quick run down

Are you currently late on anything you owe money on? That’s the first step. If you are behind on something it’s like having a boot on your throat, makes it hard to breathe. If you are late on things, your credit has no room to move up because it is constantly being pulled down. Do you have negatives on your report, collections, chargeoffs, etc? Those need to be removed. Do you not have anything positive reporting, you need to get some data (or get approved for–which takes longer) on your report. This is where tradelines come in and are the fastest way how to boost credit score. There are many, many things to talk about before you can buy tradelines. Where do you get negatives removed? We’ll just say this, you want to go with someone who has a trackable record. The guy you find on craigslist is probably not the most trustworthy. There are some more subtle things about getting your score up, but we’ll save that for a later post. Now, the big question, why is it that you want to raise your score in the first place? Let’s say…you are after that American dream of purchasing a house, which brings us to:

What credit score do you need to purchase a home?

There are scores that you can get that will allow you to purchase a home, and there are scores that you can get that will give you the best rates possible. In answering the question: what credit score do I need to purchase a home? It’s simple. Pretty much the lowest you can go is…580. That’s with FHA and putting 3.5% down. If you are below that, you will need to put 10% down. The better question to ask yourself is: what is a good credit score to purchase a home? Now we’re talking, and this is where you want your head at. You want the best rate you can get. The difference between a low rate and a high rate can mean tens of thousands of dollars in interest over the course of a loan. The best rates are for people with a credit score of 760 or better. That should be considered the high water mark for anyone. If you have that score or better, your rate will equal the lowest rates on offer. So, just to recap, the minimum credit score to purchase a home is 580 (or lower depending on the lender). But you do not want to be in this boat. You might think, just let me get the loan, and I’ll refinance later, but this is a bad plan. The rates will likely be higher than they are right now, and even if they are comparable, or even a bit better, it costs $2,500 at a minimum to refinance a mortgage. This is money that just vanishes. It’s much, much better to put yourself in the best position before going to purchase that mortgage.

My Credit Score: Answering Some Common Credit Questions

 

Here’s the thing about credit, it’s basically impossible to figure out unless you work with it all the time, as it’s always changing. Like a lot of things in life, it’s probably overly complicated, not taxes complicated (thank goodness), but pretty complicated. You don’t need to understand credit fully to be able to have good credit. A lot of it is common sense, and you probably don’t want to think about it too much as it can start to drive you a bit nuts. After all, institutions (like banks) you interact with give your data to a publicly traded company without your permission in order to judge your worthiness to lend money to. Does that mean that FICO and credit score is a scam? Not really. It’s the system we find ourselves in. There are plenty of infuriating things far worse. Not to get political, but take our two-party system we have in politics. Are the people we end up voting for really the best people qualified to run the country? Of course not, that’s why South Park did an episode about a giant douche vs a turd sandwich in an on-the-nose comparison. But we digress, if you’re here looking into tradelines or credit repair, then you’re probably thinking…”increasing my credit score” is a good idea. The first thing to realize, is what makes up your score

How is my credit score configured?

What makes up your credit score can be broken down into six categories: how you utilize revolving credit, number of times applied (inquiries), average age of credit history, number of accounts, derogatory marks (like collections, chargeoffs, etc), total accounts, and payment history. Having any one of these in a bad spot can seriously affect your credit, and each category has a different weight as far as how much it affects the total score. But let’s back up, how many digits are in a credit score? Well, three. The number goes from 350-850 in most algorithms for FICO models. People call us frequently asking how they can get an 800 credit score, which is generally considered the mark of supreme excellence culturally, but this number is not easy to hit, hence why it is so coveted. Our first piece of advice, pay everything you owe on time. If you can do that, then you will have decent credit until the end of your days. But we know you want more than that. Our next piece of advice would be: be responsible with the credit you have. That means not maxing out your cards and keeping the utilizations low. If you are in a position where you do have large balances and are wondering “will debt consolidation help my credit score?” It depends on how you consolidate. If you consolidate from revolving to revolving, you may not see much difference. Securing that unsecured debt to secured on the other hand, with collateral such as a home or a car, you will see a substantial increase in score, maybe even a 100 point credit score increase. So how else can you raise your credit?

How can I raise credit score in 3 months?

This is about the time frame you want to expect for truly seeing improvements in your credit scores. Sometimes it can be faster, but if you look at your reports and say “my credit score is 560” then a longer time frame should be expected. There are two ways to raise your score, taking off negative items, and adding positive items. The first thing you want to do (because it takes the longest), is take off negatives, because there’s no doubt: removing collections raise credit score better than almost any other activity you can engage in. We’ve had many customers call us up saying their reports are blank, but inevitably they have things they’ve forgotten about, like medical bills, that have now turned into collections. We know what you’re thinking: how many points will my credit score increase when a collection is removed? It depends on what you have as far as positives. Do you have multiple credit cards that you pay on time and utilize responsibly, a mortgage, a car loan? The more positive data you have on your reports, the more it will shoot up when you take a negative off…but here’s the question you should be asking: how many points will my credit score increase when collection accounts are removed from report? Because let’s face it, you might as well get them all off. Each negative mark carries a particular weight, and one may or may no be more heavily weighted than another so if you’re asking “how much will my credit score increase after a bankruptcy is removed?” The answer is difficult to say, as only the algorithm (and that’s a secret) knows. In a future article, we will discuss how adding positives can boost your score.

Is a Credit Boost Like Adding a Rocket to Your Credit?

 

People ask us this question, more than any other question: how much of a jump, or boost, will adding tradelines give my FICO scores? It’s a fairly simple answer, though in all cases we can’t say exactly how much of a jump adding a line or two or three will give reports. You’re looking to boost your credit, but nobody who sells tradelines is working from the Fair Isaac Corporation, so in all cases of adding tradelines, it’s an educated guess on how far your scores will go up. We know what you’re thinking, “hmm, I want to boost credit with tradelines, how much is the boost, you can’t tell me? I need to know.” We don’t know. Only the internal (secret) algorithms of the bureaus know. Let’s look at a scenario: you call up a company with a credit booster program and have a long, or even a short, conversation. And they (hopefully) diagnose what is going on with your credit, they look at your reports, and at that point you ask “How much can you boost my credit?” They say, 200 points, for sure. Run!!! Anyone who says they can boost your score by an exact amount is not being truthful, and you should run, run fast, from anyone who gives you concrete numbers. What in life is guaranteed, really? Is there even a guarantee that you will wake up tomorrow to see the sunrise, if you were so inclined? Not to be morbid, but no, this is not guaranteed. Any number of scenarios could occur that would prevent you from waking up in time, even waking up alive.

Okay fine, then just how fast can you make my credit better?

We like to think of tradelines like coffee. Coffee is good, great, and most everyone in the modern world is addicted to it. You might think of coffee as something you order daily (or however frequently) from a major corporation, or you may grind up the beans and stick them in a french press, or have little cups you use in your Keurig machine. You likely think of coffee as what you drink, but that’s the end product. Coffee trees typically take 3-4 years to bear fruit (the cherries that coffee beans come from), then the cherries must be processed, and shipped–half the world’s coffee comes from Ethiopia.

If you want to buy good credit by adding tradelines to your report, it’s like mixing up a cup of joe. There’s a bit of a process, and that process is preparing your reports by removing negatives. That’s credit boost 101. If you don’t have negatives and just lack data, or you are in the position where you have never in your life used credit (you’re young, just never had to) then you could be looking at a quick credit boost. Adding new data, or changing the data by paying down cards, takes a few days or even a week or two before the bureaus will reflect the new information. In that sense there really isn’t such a thing as an instant credit boost. But this shouldn’t discourage you, as we are sure you have plans you need to put in place before you get your credit score where you want it to be, shop around for that house, that car, or make your vision board for what changes your life will take on once you hit that mid 700 score. And this is not to say that there’s no such thing as quick credit boosters.

We mentioned earlier about paying down balances. If you are in position to do so, paying down your highly utilized cards will give you a quick jump–even one maxed out card, depending on the limit, can drop your score 80-100 points. Doing that, or adding a tradeline to a well-prepared (or blank) report is about as close to a secret 72 hour credit boost as you will find–and in some cases, not often but it is possible, we can add lines that fast. If you are in a position where you need credit, paying down those balances or adding tradelines is the most effective credit booster around. You’ll think someone strapped a nitrous-injected combustion engine to those reports.

How Fast Can It Work? How Can I Boost My Credit Score Fast?

 

We live in an age of absolute instant gratification for pretty much any need under the sun you can think up. Your tongue has 10,000 taste buds. They get replaced every two weeks. They can taste five different flavors: sweet, bitter, salty, sour, and umami. Umami!? Umami. That’s the flavor in parmesan cheese, mushrooms, seawead…elemental flavors that bring mythology to life on your tongue. We bring this up because taste is just one sense, and see how varied that is. There are four more that we humans have explored and refined to art, leading to infinite variations on pleasure, and you can have it as fast as you want, hence: instant gratification. So when we get people asking us “how fast can my credit score improve?” we know that the expected response is: right damn now. Right? And if it’s not, well you’ll take a shortcut, go somewhere else, because if we don’t say what you want to hear, then you’ll find someone who will, and deliver. This is America! When you ask “how fast can I improve credit score” there must be someone out there who can do it quickly, beyond quickly. After all, if you want something sweet, you can go to a grocery store or gas station and scarf candy bars within minutes! If you want umami, you can get a pack of dried seaweed from the health food store, also within minutes. If you can’t raise your score within minutes…well, what the heck is going on? Well, the truth is, some things, good things, take time. Do you want a six pack? As in abs? It depends on your starting point. If you’re forty pounds overweight and sedentary, it could take a year, or more. If you’re an athlete, you could change your diet and see the results you want in a month or a few weeks.

None of us start out the same with credit, like none of us start the same with fitness. So the answer to how can I repair my credit score fast is relative to your situation. Do you have multiple collections and late payments and chargeoffs and overutilized accounts? Then you may be looking at several months or longer before you can get to where you want. Do you have a blank report? Then you’re likely looking at a few weeks, and in some cases a few days.

How much of a Boost are we talking? I need to raise my credit score 100 points

Other than the question How do I raise my credit score fast? The most common question we get asked is how much of a boost will you see? People want dramatic shifts. They want to see their sub-par credit go from the low 500’s, or 400’s on up well past 700. People always say they want a 100 point jump. Why 100? Because that sounds good. If someone asked you how much money would you want if they were giving it away for free, do you want a million dollars? No. You want 100 million dollars. There’s a reason why “it’s all about the Benjamins,” because the number 100 represents good things. So why not ask for a 100 point jump? But seriously, with tradelines, how fast can you raise your score 100 points? Let’s get something out of the way. At Boost Credit 101, we can’t guarantee a particular score, or a particular jump, but we know what we’re doing, and we won’t sell you tradelines if we don’t expect good results. 100 points? Sure, maybe more, maybe a lot more, but again, it’s situation dependant. It’s good to reframe here, instead of asking for specifics on your score, which we can’t predict, perhaps ask how can I raise my credit score? Perhaps it’s removing negatives. Perhaps it’s paying down some balances. Perhaps it’s just letting a bit of time go by for inquiries and late payments to fade into the past. Perhaps it’s adding tradelines. Asking “how can I fix my credit score?” is better than “how much of a boost will I get?” Asking that is like calling a doctor and saying “My back hurts what’s wrong with me?” The doctor needs more data. We need more data. We need to know your time frames, we need to know your goals, and above all, we need to see what’s on your reports. Asking “How can I make my credit score go up” is always the best conversation starter. If we get the data, perhaps even from a conversation–though we will need to see your reports eventually to give you specific advice–we can tell you. How fast? Sometimes as fast as a few days. That’s not umami fast, but it’s still pretty fast.

Can Adding Tradelines of Credit Really Help Me As Much As I Need?

 

When it comes right down do it, what you believe will have a large, infinitely so, impact on the direction life takes. A lot of people call and ask if we have seasoned tradelines for sale  and wondering what the boost will be when they purchase them.Those are the rare ones. Most people think that buying a tradeline gives them a magical jump of 150 (or more) points on their reports no matter what is on there already. But if you want to look into adding trade lines on your credit report it’s best to know what you can expect. We won’t dispute that belief is a powerful thing.

Back in the late 50’s, a UCLA paper published the story about “Mr. Wright,” who had tumors the size of medium sized fruit in his neck, groin, and armpits. Everyone gave up hope, but then Mr. Wright’s doctor discovered that their hospital was one of ten nationwide that was taking part in an experimental cancer treatment called Krebiozen. The doc gave it to Mr. Wright the medication on a Friday, by Monday the tumors were nearly gone. Two months later the media reported that the ten trials showed the drug as ineffective, and the cancer returned. The doctor, believing Mr. Wright had experienced the placebo effect, told him that the Krebiozen he had been given was part of a bad batch, and invited him in to try the better, new Krebiozen. Mr. Wright did (he received an injection of distilled water), and the cancer disappeared. He did well for two months, but then the AMA came out and said Krebiozen was indeed no good, in fact it’s producers were indicted. Mr. Wright came back to the hospital and was dead two days later.

Now, having cancer is far, far different from putting a tradeline of credit on your reports, but this story does illustrate how powerful the mind is. So, if you buy a tradeline and believe, as Mr. Wright did, in the miracle of the boost, will you get as big of a jump?

How much does adding a trade line credit boost my score?

If you have a complete disaster of a credit report, excessive inquiries, collections, overusage on your credit cards (think 100+% utilization), missed payments, and perhaps other nasty things we aren’t mentioning, then coming in to buy trade lines will do about as much good as throwing a cup of water on blazing house. But, we’re sure you aren’t in this scenario, and even if you are, there are ways out. The road to credit hell can be a gentle, or quick if you go hogwild with your credit cards, road. The road out is just as gradual. Start paying down those credit cards, let those missed payments fade a bit into the past, and the inquiries will follow suit (after a year the inquiries have no effect on your credit, and should drop off after two years). But, if you are on the hunt for better credit and are looking into buying trade lines, well then of course you want to know what you’re buying, right? But this is where it gets a bit complicated. No one can tell you how much the scores will jump, because the only ones that know, are the Fair Isaac Corporation. Even getting the best tradelines for sale are impossible to predict. Even if you were to go to the very best (you might think) source, the corporation of tradelines, and type in “trade lines inc” you’ll only get a company that specializes in textiles, not trade lines. We have seen jumps up to 150 points. We’ve even seen one over 200 points in on special case, but you have to realize that the farther down your score is, the further it will jump. If you come to us with a 690 and expect a 150 point jump–we are always getting requests to put scores at 800–you may want to temper your expectations. We will have a good idea of where your score will get to, but we have to look at the reports, which means, you have to ask us.

How long does it take for credit score to Improve?

 

We talk a lot about the length of time it takes to get things off your credit report, of not falling into the trap of trying to chase after instant gratification–seriously, grab a candy bar it’ll do a similar trick–and we also talk about being realistic. Looking into ways to raise credit score 100 points overnight is really not part of actual reality. You may end up with a 100 point (or more) jump if you do things right, but it won’t be overnight. People call us all day every day asking how they can get into a better credit position, but it’s very simple, as far as how to improve your credit score goes anyway. When it comes down to credit, there are three things: negative data that can be removed, negative data that cannot be removed and adding positive data. These are the main overall, most general factors when it comes to your credit. So, first off, the negatives.

 

How can I fix my credit score?

 

When people talk about “fixing” their reports, it usually means removing the negatives, but it could also mean they have a number inside their heads that means great credit and that’s what they want and they want what they want despite not knowing how to get there. That’s fine. We get people who don’t know much about credit calling us all day long asking us “How long does it take to improve my credit score?” without any idea of how to do it. That’s why they are calling us. But the first step is always taking away the negatives. There are some negatives that cannot be removed, late payments, bankruptcy; and there are some that can, collections, chargeoffs. The secret is getting what you can removed, so you can be the best possible position to raise credit score profiles across all three bureaus. There are also certain parts of your reports that aren’t necessarily negative, but also affect your credit when overdone. We’re talking about inquiries here. We hear the common refrain: why do we get penalized for applying for credit? It’s a fair question, but we don’t exactly live in a society that demonstrates self control on a general level. If people could apply for credit without consequence, then they would apply, over and over and over. This would take up time, on everyone’s part, so making the inquiries a part of your score is a subtle way of seeing if you have self control enough to know that a decline means “Stop.”

 

Negative Marks:

As far as the negative marks that cannot be removed, inquiries, late payments, bankruptcies, and the like, the only thing that can help these is time. That is perhaps not what anyone wants to hear, but even if you have many late payments, these will stop affecting you so much after six months or so. Inquiries do not count against your score if over a year old and drop off completely after two years. Unfortunately, with bankruptcies, the answer to how long does it take to improve credit score is not so simple. After all, a BK is only a single negative mark, and you can certainly put your credit score back in order quickly if it is the only one. What you can get approved at that point is where it gets hazier, though we see plenty of people with credit card approvals after a BK. So, okay, let’s say you’ve got the negatives off, now it’s time to…

 

Buy credit lines

If you take a neutrally buoyant object, it will not move up until you add something that makes it positively buoyant. A credit report that has the negatives removed is like a neutrally buoyant object. You can see a report with a 560 not move at all when removing all collections, even to the point that the report is basically wiped clean. This is when you need to get positive data added, either through purchasing them or through getting approved for ones on your own. The problem is that it’s hard to get approvals when you don’t have anything on your credit. This is why buying seasoned credit lines is even a thing. Overall, the time it takes to improve a credit report can be anywhere from 2 weeks to 6 months (or longer). The temptation in trying to take shortcuts by purchasing another credit profile may be great, but it’s always better to improve the profile issued to you by the SS administration.

How You Can Quickly Improve Your Credit Score with Tradelines

improve-credit-score

Let’s see if this scenario sounds familiar. You haven’t looked at your credit for quite some time, and like getting a test you really don’t want to see the score to, you avoid it, hoping that by ignoring it, it will either go away or not matter, but as in all little problems, if you ignore them too long, they can become monsters that hinder your life. There are all sorts of resources online that tell you how to improve credit scores, but the question is how do you know which ones work, and how do you know which ones will work for you? Should you pay someone that has a business in how to improve credit scores, or do it yourself? In our experience, it’s the companies (like ourselves) who don’t charge you money to get a consultation that should be considered first. But if you’re asking yourself who can help improve my credit score, the best answer is always, you, and if not you, then someone you can trust. But how do you know who you can trust?

There are many companies out there who sell tradelines, many companies who will say they can remove negatives. All of these companies will be happy to take your money, but in our experience, the best way to see if a company is trustworthy is through a combination of reviews (do they have any?) and if they have contracts in place, and if so, is it an enforceable contract? Do they entice you with rainbow gold stories of how fast can your credit score improve? Anyone who says they can do it in a day or two is either onto something completely new that hasn’t been seen before, or they are lying. It is always our motto: be careful who you do business with. Promising the moon is one thing, promising that and taking your money is another, and that is an experience we see people run into often in the credit repair industry. So to the question: how quickly does credit score improve, anyone who is being realistic will give you a timeline of somewhere between 2 to 3 weeks, on average, though at times it can be done in as fast 10 days, and in rare cases, a few days quicker than this, but this requires a sort of “stars aligning” scenario.

But that should always be the question you ask first: how fast can your credit score improve? In this day and age where things are at our fingertips at a moment’s notice, where we can get things as fast as we can type, if you have a poor credit score, don’t you want to get it improved as soon as possible? Sometimes it is a fast process, and we can show people how to improve credit score quickly, but more often it is a matter of being realistic, and having patience in order to get it done the right way. Though if you have done the work, removed the negatives, or if you have a blank report from lack of use or being young, then adding a tradeline can cut a lot of time off your credit building journey. The standard time for getting a good score can be as long as 6 months to a year or more. Adding a tradeline can accomplish a great score in as little as two weeks!

Best and Fastest Way to Improve Credit Score

Perhaps the first thing you’re asking is: are they any shortcuts? Are there any tricks to improve credit score that we can impart? The answer to that, of course, is yes. But the first step is, as with most things, starting at the beginning, and that is knowing where exactly your credit scores sit, so we would recommend getting a login set up with Credit Karma. Is it the best site available? Not entirely, but it’s free, updates every 7 days, and offers the ability to see ⅔ of the 3 reports, Trans Union and Equifax. If you’re looking for how to improve credit score fast, this is the first step, know what you need to do.

If you require negatives to be cleaned off, we can help with that. This part of the process takes the longest, and some companies may offer you a CPN or other secondary credit number to use in lieu of your Social Security number.

These should be avoided, as they are selling you something that 9 times out of 10 will lead you to spending money on something that does not benefit you. You will have a great credit score on a number that you’ll have no idea if it’s created from thin air, or stolen from someone else, as they sometimes are from younger people.

If you have currently late, or very recently late, accounts, then you will need to get current, and if very recently missed payments, depending on what type of accounts they are, you may need to be patient while a bit of time goes by. If neither of these applies to you, then there are ways to improve credit score fast, and that will usually mean adding tradelines. Now you’re probably asking, how fast, exactly are we talking about. We have a guarantee that all our tradelines will post within 60 days, but you can improve credit score in 30 days, and as mentioned above, sometimes in as fast in as two weeks. Usually we say the average is two weeks, but it can be anywhere from 10-21 days.

Now, you may be wondering, are there simple ways to improve your score that don’t require anything too complicated? Yes. Credit is fairly simple once you see how it works. There are categories that contribute to your scores, including credit utilization, age of credit, number of accounts, negative marks, and inquiries. Having even one of these in sub-optimal ranges will lead to a bad credit score. At Boost Credit 101, we always offer you the option of a free consultation, so if you do get a login to Credit Karma or another site, or have access to your full report, and you don’t know what you’re looking at, we will always take the time to explain things, so in that sense you don’t have to pay to improve credit score. If you do decide to purchase tradelines from us, and they are a good fit–we will never sell you something that we don’t believe you will benefit from–then you may be able to improve your credit score by 100 points, or more!

I’ve got a tradeline, now what?

If you’ve taken care of everything and cleaned your credit reports, and now you’ve added a tradeline which is one of the easy ways to improve credit score, what do you do now with your great score? The best thing to do is to set yourself up for success in the future. A lot of people have their dreams of owning a home, purchasing that shiny car, and these are great goals to have, but those types of loans are installment loans. They have a set number of payments. They can’t be abused. It’s good to have them for different variety of credit, and adding to your total number of account–not to mention giving you a place to live and a way to get around–but if you want long-term success, you should think about getting a credit card to improve credit score. Getting approved for a credit card, and the best cases at least two, utilizing them monthly while paying off the balance, and at the very least keeping them consistently below a 10% utilization, this is the number one way to improve credit score.

Conclusion

Tradelines are the number one tool in boosting credit quickly. Traditional methods will not yield results even close to as quickly, and they remain one of the number one ways to improve credit score. When doing business with any company that sells them, and there are many, many to choose from, you will be navigating a potential minefield, so your best question to see if who you are talking to is legitimate: how quickly does credit improve with their services? Anyone who says they’ll do it cheaply and quickly (quicker than a week) should be approached very cautiously. Asking how does it take to improve credit score is your go-to barometer for discovering if someone is full of the proverbial cow dung. And a lot of people, either on Craigslist or even legitimate companies that sell these tradelines, should have google reviews, contracts in place, take the time to explain to you how their products will help you, what you can do with them, and make sure you understand fully what they guarantee, as anyone saying they are sure, or even going so far as to guarantee loans, or approvals, is trying to get your money based on enticing you with your own hopes and desires.

 

Using Your Tax Dollars to Improve Credit

Tax time is almost here, and lots of people are already preparing their returns. If you have poor credit, you may be thinking about using your tax refund to make improvements. A variety of credit repair strategies exist, so it can be difficult to decide how to approach the problem.  Below is some information to help you decide how to put your tax money to the best use.

Ways to Improve your Credit

The most common methods used to improve credit include professional credit repair, DIY strategies and investing in tradelines.

Professional Credit Repair

Professional credit repair companies offer to improve your credit for a fee. Some lawyers also provide credit repair services. Most reputable credit repair companies and lawyers begin by analyzing your credit report and looking for questionable entries, repetitive entries or other inconsistencies. The professional will analyze each of these issues and take steps to fix them.

Keep in mind that not all credit repair companies are reputable. Some will promise services they can’t deliver and/or use illegal tactics in an attempt to raise your credit score quickly. Some unethical credit repair companies have also been known to scam consumers by collecting a fee and then failing to provide promised services.

DIY Strategies

Instead of investing in credit repair, some people may decide to attempt to improve their credit without help in hopes of saving money. Some of the strategies you may use to improve your credit without professional help include:

  • Disputing duplicate and/or fraudulent entries on your credit report by contacting credit reporting agencies and creditors directly.
  • Using secured credit cards.
  • Applying for new credit or larger limits to reduce debt-to-income ratio.
  • Taking out new loans.
  • Paying down debts.
  • Pay all of your bills in full and on time.

Although these strategies can all improve your credit over time, it can take months or even years before you begin to see results.

Investing in Tradelines

Tradelines are active credit accounts with a long history of on-time payments. When you purchase a tradeline, the owner of the account adds you as an authorized user. Once the account has been added to your credit report, it can improve your score by raising your available credit, increasing the average age of your accounts and enhancing your payment history.

Making a Choice

You receive a tax refund only once each year, so it’s important to use it efficiently. Although each of the methods above can improve your credit when used properly, tradelines provide the quickest results. However, as with credit repair, it is important to note that tradelines are offered by both reputable and non-reputable sources. To avoid falling victim to a scam, make sure that you acquire tradelines from a trustworthy source.

7 Tips for Building New Credit

Whether you’ve relocated from another country or want to improve your current credit rating to build a more successful future, there are a number of things you can do. Here are seven of the top steps to take in order to build more solid credit and a sound financial foundation:

1. Timely Payments

The most important factor in building or improving credit is a habit of on-time payments. Timeliness counts for a full 35 percent of your credit score, so take it seriously and cultivate this important credit-boosting habit.

2. If You Are An Immigrant

Start by knowing that your credit rating from your home country will not follow you to the U.S. This can be good or bad, as a negative credit history can be left behind; however, if you had a positive credit history, it will not factor into your rating here. Credit history simply cannot be transferred across international boundaries.

A social security number is crucial to the process of establishing credit. When you seek employment in the U.S., you will be required to have a social security number. It is mandatory if you wish to build credit in a meaningful way, such as through purchasing a house or car, or applying for credit cards or personal loans.

3. Co-Signers and Authorized User History

One of the most effective ways to improve and build credit is by signing on with others who have positive credit. A spouse, partner, friend or business associate may be good candidates to ask. Having someone with good credit co-sign with you for a credit card or other loan greatly increases your chances of getting the loan. Have them add you as an authorized user to one or more of their existing accounts. From there, with responsible use of any credit you receive, your rating will rise naturally. You might also look into companies that sell authorized user histories through products called “tradelines,” which allow you to benefit from the positive credit histories of others.

4. Secured Credit Cards

A secured credit card is an account that requires a deposit for the amount you would like as your credit limit. The card is used somewhat like a debit card, but responsible use of this type of account will be reflected as positive action on your credit report.

5. Watch Your Credit Utilization Ratio

Credit utilization refers to the amount of available credit used on a credit card at any given time. Persons striving to build positive credit should keep this ratio at less than 30 percent at all times. Make only small to moderate purchases, and pay the balance on the card every month if possible.

6. Reduce Debt

Few things will drag down your credit rating and financial health faster than debt, so strive to carry as little as possible. That said, a home mortgage, car loan, student loan or other installment debt treated responsibly is good for your credit; just make sure to make all payments on time. Excessive revolving consumer debt like credit card debt can hurt your credit score and should be paid down as efficiently as possible.

7. Use Automated Payments

Take advantage of the perks of technology by automating any loan or credit card accounts that you do acquire. You can set the payment amount to any level you wish, from just the minimum to the entire statement balance each month. This will help you to avoid late fees and black marks on your credit report.

Building new credit can seem daunting, but success is possible. With patience, diligence and using these seven tips, you’ll soon be on your way to a positive financial future.