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Credit Card Applications » Credit Card Questions » Other Questions » HOW DO I IMPROVE MY FICO SCORE OF 619 TO 660 AND HOW LONG WILL IT TAKE APPROXIMATLY.

HOW DO I IMPROVE MY FICO SCORE OF 619 TO 660 AND HOW LONG WILL IT TAKE APPROXIMATLY.

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Date:
March 19, 2007, 7:26 am
HOW DO I IMPROVE MY FICO SCORE OF 619 TO 660 AND HOW LONG WILL IT TAKE APPROXIMATLY.
Answer:
To tell the truth, if it’s the case of negative items, it can affect your credit score much more quickly than positive items. Late payments can negatively affect your score in just a few months, whereas paying bills on time may take 6 to 12 months to generate a significant improvement in your score. Besides, much depends on the type of delinquency (if there was any), or just the time when you pay your card off. We are not a credit bureau and can’t tell you exactly, how long it can take you. Anyway it is necessary to develop a plan of improving your credit score. Order a copy of your credit report, review it carefully and correct any significant errors. Pay your bills on time. If you have a questionable credit history, open a few new credit accounts, use them responsibly, and pay them off on time. Don't open credit accounts you don't intend to use. A credit card or installment loan can raise your score as long as you don't have too high a balance and you pay it off in a timely manner. Keep your balance low in relation to your available credit. If your credit limit is $10,000, keeping your balance below $2,500 (25%) will improve your score. If you do your best, your credit score will be increased, and you’ll be able to count on credit cards with more attractive options than before.
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