Home Buying in Knoxville>Question Details

Larry Gulley…, Home Buyer in Knoxville, IA

What is a credit score boost and how do i get one.?

Asked by Larry Gulley Sr., Knoxville, IA Sun Sep 16, 2012

my score right now is 550.

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Answers

1
A credit score boost will happen if you pay off credit card debts or any other debts. Also if you have no credit then the lender will ask you to take out a credit card to use and make your payments in a timely fashion or pay it off as soon as the bill comes due. That will get a boost also. If you have further questions please do not hesitate to contact me. Thank you for your inquiry.
My Best,
Carol D. Agan
641-891-5156
0 votes Thank Flag Link Thu Aug 15, 2013
Partially true, but paying down credit cards is the only type of pay down that usually helps. If installment debts are paid off you could drop your scores...as opening & closing accounts hurts your credit scores for several months. To get your credit score increased to its best potential, you need someone to analyze your specific info first...

Happy to help if you are in need....

Charlie
Flag Thu Sep 5, 2013
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