Comments on: How to Improve Your Credit Score and Fix Poor Credit

By: Charles Baratta

Charles Baratta — Wed, 20 Oct 2010 20:43:18 +0000

This really can be an issue with a small business owner attempting to obtain an sba, or traditional small business bank loan for working capital to grow or finance their business. In these times many merchants we talk to, have beaten up their personal credit pretty badly, hence low fico scores. However, as a merchant business cash advance funding group, we are able to get businesses the money they need, to stay in business. There are some great tips videos on my blog.

By: beryl maureen hammond

beryl maureen hammond — Fri, 22 Jan 2010 12:59:09 +0000

knowing how your credit score is determined makes it easier to improve your score.

By: Gordon

Gordon — Tue, 04 Aug 2009 10:25:31 +0000

Knowing about the various constituents that constitute your credit score makes credit score repair an easier process.

By: DDFD

DDFD — Sat, 30 May 2009 13:15:47 +0000

Solid advice, but there is a great deal of time and patience involved in improving scores . . .

By: Siege

Siege — Fri, 29 May 2009 16:21:44 +0000

Uh… While I agree that a good credit score is better than a bad credit score, the only thing a good credit score means is that you like debt and are successful at managing lots of it. So I disagree with the opening sentence. I don’t feel my credit score is an important part of my finances. I’ve put financially sound principles into my life over the past years and was able to pay cash for my last car. My goal is in 3-5 years have my mortgage (my last debt remaining) paid off at which point all future house purchases will be in cash.

So while these principles might be good for someone with a low credit score who is trying to buy a house, the ultimate goal should be no credit score at all.

By: Pinyo

Pinyo — Thu, 28 May 2009 18:51:18 +0000

@craig – Thank you for sharing that tip. I saw it on Bargaineering as well.

@Patrick – Great add. I think I’ll update my article so people will know that it takes time for the score to change.

By: Patrick

Patrick — Thu, 28 May 2009 18:26:01 +0000

Very solid tips! The only things I will add is to have both diligence and patience. It can take some time to see your score change, and how quickly and how much your score changes depends on many factors.

By: craig

craig — Thu, 28 May 2009 16:28:21 +0000

After recently reading I Will Teach You to be Rich I used one of his techniques to hopefully raise my FICO score. I have no CC debt and pay on time every month and called up and asked them to raise my credit limit. I have no need for the raised limit other than it betters my ratio and could help my score a bit.

By: Anthony

Anthony — Thu, 28 May 2009 09:07:07 +0000

Excellent advice. Poor credit scores add to the burden of this recession.