Darin Sewell asked:




When you borrow money from a lending institution to purchase an item or finance a project you are charged an interest rate. The interest rate you receive is a direct reflection of your credit score and credit profile. Borrowers with perfect credit will obviously get the lowest rates and therefore have smaller payments. But what if you have less then ideal credit or just want to increase your credit score in 30 days? There are many inside tricks you can use to cheaply and effectively increase your credit score in 30 days.

The fastest method is to increase your credit score is to increase the credit limits on revolving credit accounts, this is easily done with a phone call to the creditor in most cases. With this method you are trying to increase your credit limit to a point where your current credit balance is now 45-50% of the balance. This tip alone can increase your score up to 50 points in 1 month

Another useful tip to increase your credit score is to be added as an authorized used on a friends or relatives credit card account. You want to make sure that the account you get added to is in good standing and has a high credit limit with a low balance.

Disputing old an false information on your credit report is a good way to increase your credit score and is very easy to do. If you have a copy of your credit report you can dispute falsely reported or negative accounts that are a few years old. This is easily done on the credit bureaus websites or by writing a dispute letter to the credit bureaus. If you are unsure how to go about this process there are credit repair companies that can do it for you. There are many self credit repair books and E-books available online as well.

These 3 tips when applied should increase your credit core in 30 days. However the most important thing you can do to maintain your increased credit score is to always pay your bills on time and never borrow more then you can pay back.

Sue

unioncreditdr asked:

A divorce could impact your credit for years to come. It is important to protect your credit during and after divorce. For example, if a husband and wife have joint MasterCard and Visa accounts and the divorce settlement stipulates that the husband pay off the MasterCard account and the wife will be responsible for the Visa credit balance, but one of them doesn’t make the payments, both parties will be penalized on their credit reports. Tips for handling credit when filing for a divorce: First, close joint accounts to prevent further charges Second, pay off joint accounts during the divorce, not after Third, monitor the monthly bills to make sure payments are made Fourth, get help from a lawyer if needed Learn about the legal recourse you have to protect your credit in the event of a divorce. Union members can get a free half hour legal consultation with an attorney through the Union Plus Legal Service. Visit UnionPlus.org or call 1-888-993-8866 to find an attorney. Related video: How You Spouse’s Credit Can Impact You www.youtube.com

Veronica

Dina N asked:


I just paid off my credit balance. If I request credit line increase will it improve my score?

Dennis