How to I bring my 506 credit score up?

I have 3 credit cards and 2 checking accounts closed about 2 years ago when I was 18. I have a steady job now and already paid off 2 of the credit cards plus what I owed the 2 banks. What else can I do to bring up my credit score?

How to I bring my 506 credit score up?

pay your bills on time live within your means :) GOOD LUCK!

How to I bring my 506 credit score up?

Buy a house!

How to I bring my 506 credit score up?

Time will improve it. Keep paying what you owe and things will get better. Use your credit card responsibly and pay it below 33% of the credit limit as soon as you can.

How to I bring my 506 credit score up?

Pay your bills on time.

How to I bring my 506 credit score up?

The BEST way to make your score go up is to pay on what credit you DO have consistently ON TIME. I CANNOT stress this enough.

Plus, make sure that as you use credit you don%26#039;t linger long over 1/3 the available balance on the credit card. Going over 1/3 will potentially hurt you.

You may need to spend some time getting credit for auto loans and other credit cards at terrible interest rates for a little while longer, but with a score of 506 it shouldn%26#039;t take you more that 18 months to get into the 700%26#039;s.

Good luck!!

How to I bring my 506 credit score up?

Cancel one of the credit cards, leaving two open. Make sure the bank loans are closed, as well. If they are paid off and still open, it will not raise your score.

If you charge anything, pay it off on time. It will take about a year to clean up and raise the score.

Good luck.

How to I bring my 506 credit score up?

To be more specific, pay the one you have below the 33%. Some credit experts say keep balances below 25%.

If the other two credit cards you paid are proprietary meaning department store or gas cards, cancel them. You have established credit, Visas and Mastercards are valued more than proprietary cards. However, proprietary card are important when they are delinquent to the credit bureaus.

If you can, check your credit report with the three credit bureaus. Make sure there are no errors that can lower your credit score. You are entitled to one free credit report every year, but you will not see your credit scores. I recommend paying for the service and get a copy. You do not have to go online. Banks, brokers, loan officers, and small financial business should be able to obtain your credit report for a fee.

You are managing your finances better, which is good. Now it is time to create a better credit profile to help your credit score.