Increase my score 20 points in 1.5 months?

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strangebrew
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Increase my score 20 points in 1.5 months?

Postby strangebrew » Tue Jul 28, 2009 6:24 pm

Hey everyone!

I'm a noob to this forum but I've got a pressing question. I received a call from my broker advising me to get my score up about 20 points before I try for a loan (by mid Sept.). My mid score is 604 right now and I'm shooting for 620 for a loan.

I've had a pretty negative credit history (about 12 negative accts or reportings), and I've only begun to repair my credit in the last year or so. I've paid off every one of my negative reportings in full, and I've made every single payment to my one-opened credit card since I got it (around Sept. of last year). The limit on it is pretty low ($275), and I've got a balance on it of $270, which I'm going to pay in full by the end of the week. I also have a personal loan I took out ($2,000) so I could pay most of my negative balances and I've never been late on that ($1100 remaining balance). I can only afford to pay a small chunk of that by mid-sept.

My question to you guys and gals is, what else can I do in order to get my score increased another 20 points by mid-Sept.? Or am I in a pretty tough bind ATM?

One thing I've considered is asking my CC company to increase my limit after I've paid the balance in full (asking them to do a soft pull in the process). Will doing this increase my score to over 620?

I appreciate any of your responses.

-SB-


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Cucumber
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Postby Cucumber » Tue Aug 04, 2009 12:04 am

That would be tough. The reason is that so much of your credit score is based on length of history on accounts. Yeah basically that means that between now and Sept it would be kind of useless to open up accounts only with a month or two of history. If you gotta do it by then I woudl say your best option would be to try and dispute some of the negatives on your credit record. If you can get some of those taken off that should raise your score. Are any of them things you can dispute?
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strangebrew
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Nope

Postby strangebrew » Thu Aug 06, 2009 3:32 pm

I've spammed all the bureaus to try and get some of those off over a month ago. I guess there's not much I can do except to wait and see. Thanks for the response though.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Aug 10, 2009 2:16 am

Even if you were able to get them to reverse some negs on the record it may take 60 or 90 days or more before it reflects accurately with all three bureaus. That means that even if you could do that it's almost impossible to get it reflected by September.

Good luck though. Maybe keep fighting the negs anyway because even it doesn't help you this time around it will be good for the future.
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