My credit score increased by 50 points since April 2002 for Equifax from a 501 to 551. I don't see how it did no changes except for short term loan I took out and paid off after 4 months for about $450 . I still have major charge offs and inquiries needing to be disputed and pay down my debt to ratios. Dang, maybe I can get to the 600 after all.
often the length of the credit file will increase your score. Have any accounts recently had a 1 or 2 year anniversary for being open?
where did you get your short term loan? and did you get it simply for the purposes of building your credit>?
Hi yeah, I got this loan from my college and yes I did only take it out for credit purposes, really i don't even need it but will continue to take it out so that positives can be added to my report each time I take out one.
good move TT, I am researching on where/how I can get small loans for the purposes of credit building. It seems the best bet is to get a secured loan from any of the Credit unions.
