What is the best way to get your credit rating as high as possible as quick as possible?

Most of the advice so far is horrible. Too many card accounts is NOT GOOD, even if paid off. The potential for running amok is there and there's more to a credit rating than the score. The people that look at the report details who will be granting the credit are your main concern. Get all accounts up to date, but frantic efforts to do so will be apparent and of little value. Being too quick can be as bad as too slow in this arena.

What is the best way to get your credit rating as high as possible as quick as possible?
Do not apply for any loans. Every time you apply for a loan or credit it takes your score down. When anyone checks your score for instance for renting a house or buying a car the score goes down. Make sure if you have very many credit cards they are paid on time and if possible in full. get rid of some cards also. They look at it like you could have lots of debt quickly which is a bad thing. Do not miss any payments on any bills you have. Do a credit check on yourself. You can get one free each year at all three credit reporting bureaus to find out where you stand. Keep your bills in check and you will be okay. Bad credit stays on your record for a long time. Keep it good to start with and you will be okay.
Reply:CLOSE THE ACCOUNT YOU DON'T OWE ANYTHING ASAP. PAY OFF YOU DEBTS ASAP AND TELL YOUR CREDIT COMPANIES TO CLOSE THE ACCOUNT AS SOON AS YOU HAVE THEM PAID OFF.


DO NOT APPLY OR OPEN ANY OTHER ACCOUNTS.


DO NOT PAY ATTENTION TO THOSE THAT TELL YOU TO OPEN ACCOUNTS AND THEN CUT THE CARDS, THE INQUIRIES INTO YOUR ACCOUNT COUNT AGAINST YOUR SCORE, ANY OPEN ACCOUNT COUNTS AGAINST YOU BECAUSE YOU HAVE THE POSSIBILITY OF CHARGING UP TO THE LIMIT EVEN IF YOU DO NOT INTEND TO, THAT INTENTION IS NOT FACTORED IN THE SCORE.
Reply:I hope this helsp you:








Step-by-Step Credit Repair Guide


http://www.debt-loan-refinance-mortgage-...
Reply:The following facts all help to increase or reduce your credit rating.





Are you on the electoral roll do you have any court judgments, individual voluntary arrangements or bankruptcies.





To get credit you usually have to have some record of previous good credit. This will be logged on your credit report by lenders and financial institutions: e.g. credit accounts, credit applications and financial associations.





Making too many applications for credit may also go against you...cos it is all logged.





Plus your age may go against you, or even your postal address.





So...get your credit report today..assess the info..is it correct..find out why you may not be getting enough points.





From my own personal experience... I was trying to get a mortgage and made a tentative application to see if I would get one...it was offered but not enough...so I moved onto another company so a simple enquiry and a simple application in this manner will result in a credit check being made by each company...thus reducing an overall score.





The only problem with a credit score system is that you cannot explain your circumstances......the only way I got through my problem was a visit to an independant Mortgage advisor who made a phonecall on my behalf to explain the circumstances.





Please think about why you need to increase your credit score so urgently, if its to get further credit to pay for existing credit then thank the fact that the credit score is stopping you from digging yourself even deeper into trouble.





Take it from me...with over ten credit cards and many thousands of pounds in debt and still able to get more credit, I really had to stop....the reason why I could get credit so easily was because I never failed a payment yet only increased the balance on another card...It all catches up with you..So please do not do it.





Do a simple search for 'get your credit report UK' if you need to find out if there are inaccuracies that need to be corrected or to see what really is there that you are perhaps overlooking.
Reply:Borrow small amounts on your credit card, then pay them off. They prefer people that have debts they only ever pay the minimum balance on, as minimum payments are calculated so you essentially never pay your debts off, so, as long as you keep paying, you're profit for life. However, that's not really a good idea if you can help it. Ignore services that promise to kill off CCJs and the like - often they just use boilerplate appeals, which often fail, causing them to actually take longer to clear.





Funnily enough, when I was unemployed, I got far more credit card offers (including aggressive telesales), then now I'm working.
Reply:Sign up for as many credit cards as possible but cut them all up when they arrive!
Reply:Steph is right - open credit lines with no balances will improve your credit. I wouldn't advise opening a bunch of new lines of credit at once; this can seem "suspicious" in the eyes of potential lenders, as it might look like you are about to go on a major shopping spree. Pay your monthly bills on time. (Cell phone bills and utilities will generally not affect your credit unless they go delinquent.) Pay off outstanding balances on revolving credit lines before your next statement is generated - that's when the credit card company usually reports the information to the credit bureaus. Also, pay off anything that is CURRENTLY past due. (This is the big one!) Don't worry about old charge-offs - it won't help your credit score to pay them off, and could actually lower the score.





Opening new accounts can lower your score, but the effect is minimal compared to your payment history and the amount of credit used on your open credit lines. The fact is, you HAVE to have open revolving credit lines to maximize your score. Yes, there is the potential to "go crazy," but lenders want to see that you are responsible, and a person who isn't going to start running up a bunch of outstanding debt after they give you a loan. Sometimes, loan officers will advise you to close open lines, but this is because they are worried about your "capacity" or ability to pay back your loans if you were to max out your possible debt.





If you are worried about getting the best possible score for the best possible rates, do NOT close open credit lines. Please look at my sources for more information; because credit bureaus have been so secretive in the past, even some loan officers are misinformed about what it takes to get a good score.
Reply:Keep within your credit terms and ensure all your payments are made on time.