Thread: 715 FICO score, how can i raise my credit report score

I have pretty good credit (715 middle FICO score) but I have a lot of debt. I mean like $100,000 in credit card debt. I know, I know, what was I thinking. It's a combinations of stupidity and despiration. I was young and stupid and put college on credit cards and then later a divorce and just life in general got me here. Having said that, I have never made a late payment on anything no matter how

You really need to pay those down. Alterativley you could go to your bank and get a personal loan for 500 bucks, you may have to secure this with a bank cd. and pay it off. You can do this with three different banks. Use that 500 to get another loan at another bank. If you have three personal loans at the banks you could get a boost. However make sure they will report them to the credit agencies. Also you may want to get a credit card with a 0% balance transfer and transfer your balances. read the article at creditcardwarehouseonline.com about balance transfers before you do transfer to make sure it would be worth it.

That is a enormous amount of debt!

I would speak to a credit counselor as soon as possible.

Oh brother, another recommendation for credit counselling. You guys should at least try to cover up your attempt to spam. Here's my response in the other thread where you recommended credit counselling.

Anyway in response to the original question... the answer is pay down the debt, first and foremost. Keep paying on time and paying down the debt and your scores will rise.

Think about it from a creditor's point of view - would you loan your friend $20,000 for a new car if you knew they already had $100,000 debt on credit cards that is gobbling up monthly income? I'm actually surprised your scores are as high as they are with that much revolving debt.

Anyway, pay it down and learn from the mistake. You must be staying current because otherwise no way are your scores that high. So good work in that regard.

Good luck!

Your post leaves out some very important information. Why do you wish a higher score? To qualify for more debt? obtain a better set of terms, such as lower rates or payments?
What is your income?

A high or higher score is never a desired goal unless it benefits you in some way, and more debt is not going to benefit you. Not based on your own description any way.

Sitting down with a credit counselor may help, but in most cases it will only add to your burden.

Target the smallest balanced accounts, and do not re-use them. Pay the smallest in full, and get rid of the succeeding payments.
Joe70