Repair my credit score fast?

Repairing your credit score quickly is always a goal of an individual who has a low credit score. In an effort to improve their credit score individuals have sought out all kinds of dubious methods of raising their credit score. I want to reiterate a point made in one of my previous post. Using credit cards as a means of increasing your credit is not a sound method of improving your credit score.

Raising your credit score is something that takes place over a course of time. The people who are attempting to do so are patient. We have established in previous post that credit scoring occurs over a thirty day time period. So usually what you do today, will not be reflected for at least thirty to sixty days in the future. So hence the need for a long term view of improving your credit score.

Many individuals with poor credit tend to last the discipline necessary to properly manage their finances. Placing a credit card with very high interest rates and fees in the hand of such a person is not in that persons' best interest. Usually what tends to occur is that individual begins to use the credit card for other means. Only incurring more debt. Placing themselves in a greater hole.

Also, lenders tend to realize that credit card companies will begin to issue cards to individuals who are not necessarily in the best financial shape. Credit cards issued also are likely to have very small balances of less than $1000. With this in mind, lenders like to see credit established along the lines of an automobile, mortgage or personal loans.

What is needed is a better way of raising the credit score. Hopefully, I have made the case, that credit cards are not the way. In future posts, I will show you ways to improve your credit score without using methods that are suspect at best.