How to Raise Your Credit Score

[tagteam]

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@Idhilsyn wrote:

...My credit score is shown to have gone down 7 points, but there's no indication on my credit report as to *WHY* it went down.

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Seven points is pretty much just background noise in terms of your score. The article below illustrates why small decreases are, in most instances, largely irrelevant.

https://creditcards.usnews.com/articles/why-a-10-point-drop-in-your-credit-score-doesnt-matter

[s_0]

this is garbage. It requires you to have money to make money.

[ncalb55]

Don’t ever close a credit card account. It will have a negative effect on your score. 

[tagteam]

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@ncalb55 wrote:

Don’t ever close a credit card account. It will have a negative effect on your score. 

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I agree. The two main reasons to close a credit card account are (a) if the card has an annual fee, and (b) if the cardholder has an impulse control issue.

[Kat]

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@tagteam wrote:

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@ncalb55 wrote:

Don’t ever close a credit card account. It will have a negative effect on your score. 

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I agree. The two main reasons to close a credit card account are (a) if the card has an annual fee, and (b) if the cardholder has an impulse control issue.

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I can think of one other reason to close a credit card account.  That would be to avoid additional "damage" in the event of identity theft.  In my opinion, the fewer credit accounts one has, the less clean-up would be required if identity theft did occur. 

[Ohhijenni]

I have so much student loan debt, and collections as well. My wages are garnished now!  I too have been contemplating bankruptcy. I need more information. Also,  I need to educate myself on the ways to raise my score myself. Much luck to you!

[Rperalez09]

Get a credit card if you dont have one. helps a lot