One more question, I have 2-3 negative accounts depending on which report you are looking at,all show as paid they go back to 2003. I have 2 CC Visa platinum and master card platinum, 7 months old CL $500 each, Immaculate payment history. Hypothetically,If cash is not a problem, what would be the best strategy to increase credit score? Thank you
If cash is not a problem with respect to what? I don't understand what is being asked here. You can always dispute the old accounts through the credit reporting agencies but, if the oldest account you have is only seven months old there is only so much that can be done to raise your scores any higher.
Clarification. Thank you for your response,Sorry for not being clear in my question. I meant if I have extra cash what is the best strategy to raise my scores? getting secure CC and put the money as a collateral? or simply ask my bank to increase my credit limit so I would decrease my utilization/credit ratio. and as time goes by my score will go up. Please advice
If you can get the limits increased, that would be the best way. A secured card would be a new account, and would lower your score for a while. An increase in credit limit, on the other hand, would improve your ratio of balance to available credit without impacting the history. Keep the balances paid down with the cash you have.
