400 credit score to 785 in 8 months.

C4rnage569 said:
Australia, but i still have no idea what youre talking about lol
Click to expand...
You guys must have some sort of system that tells banks if you are a good bet to loan on or not? Thats what a credit score is. Tells the credit card companies if you pay on time or at all. Banks arent stupid anywhere in the world you have to have this lol maybe just another name...
 
Advertise on BHW
milke_sj said:
its been a week, are you gonna post your method or gonna come out with a sales thead lol

stop wasting people time and post it already damn.
Click to expand...

Why do you think he became a jr vip, hoping for that sales thread. It's all free info guys, do you think this guy has some secret sauce? Of course not!

If any of you really need advice why don't you just start with legit sites like credit karma and other real finance sites that just talk about how the system works. Once you understand that you will understand what the best way is to achieve this.

E.g
- $10k credit line, but then you just buy some stuff for $5k (and they do report balances all the time no matter if you later pay them), you have 50% CC utilization rate --> Red flag for lenders and in his case you would not get any new credit (that is with proper APR , offers etc.)
- In general, never carry a balance, pay in full

Again while there are many factors just look at credit karma it gives you a rough importance of such things as duration of your accounts, utilization etc.

PS
Don't be fooled by any claims that now with a 6-700 score you can get the best CCs, loans etc. Yes, it is extremely important but obviously will also rely on income, maybe verification etc. It is a long game and just build up until you have like $1-200k in CC limit, so any usage (normal one) won't put a ding into your utilization at all etc.
 
There are a lot of tricks out there to do. I'd be interested in seeing what methods you used for sure.
 
The best thing about having good credit is getting a 2% cash back credit card.
2% cash back on everything you buy. It's amazing.
 
This entire thread is stupid.

You can't get good credit without managing credit. End of.

Opening a credit card and not spending on it does nothing.

Simple way to improve credit. Obtain credit card. Fill your car or put 1 weekly shop on the card. Pay off that sum in full each month.

It shows you can manage debt, card company will increase limit, will report back to credit file and score improves.

Rinse and repeat.

Longer you keep doing that the better things become.

Using 50% of your max credit allowance on bad debt i.e credit cards and loans (other than mortgage) will hurt your "score"

There is no secret sauce to it.
 
theRevolt said:
Why do you think he became a jr vip, hoping for that sales thread. It's all free info guys, do you think this guy has some secret sauce? Of course not!

If any of you really need advice why don't you just start with legit sites like credit karma and other real finance sites that just talk about how the system works. Once you understand that you will understand what the best way is to achieve this.

E.g
- $10k credit line, but then you just buy some stuff for $5k (and they do report balances all the time no matter if you later pay them), you have 50% CC utilization rate --> Red flag for lenders and in his case you would not get any new credit (that is with proper APR , offers etc.)
- In general, never carry a balance, pay in full

Again while there are many factors just look at credit karma it gives you a rough importance of such things as duration of your accounts, utilization etc.

PS
Don't be fooled by any claims that now with a 6-700 score you can get the best CCs, loans etc. Yes, it is extremely important but obviously will also rely on income, maybe verification etc. It is a long game and just build up until you have like $1-200k in CC limit, so any usage (normal one) won't put a ding into your utilization at all etc.
Click to expand...

Or maybe I’m busy with a real business and didn’t have time to share info or make a video.

Stop being skeptical and negative.

Step 1. Get MULTIPLE cards, only use 1.
Step 2. Use 6% - 10% of the cards limit.
Step 3. Try to get total available credit to 10k.
Step 4. If your credit already sucks and can’t get approved for a normal credit card, get a secured discover card ($200 deposit that they refund to you after 6 months)
Step 5. Never close a card, especially your oldest one.
Step 6. Don’t apply for cards all the time, the longer since you’ve applied for credit the higher your score will be.
Step 7. Try to delete negative marks on your report. Dispute inconsistencies, incorrect information, fraudulent accounts and more.

YouTube has tons more information.
 
Nash Commerce said:
Or maybe I’m busy with a real business and didn’t have time to share info or make a video.

Stop being skeptical and negative.

Step 1. Get MULTIPLE cards, only use 1.
Step 2. Use 6% - 10% of the cards limit.
Step 3. Try to get total available credit to 10k.
Step 4. If your credit already sucks and can’t get approved for a normal credit card, get a secured discover card ($200 deposit that they refund to you after 6 months)
Step 5. Never close a card, especially your oldest one.
Step 6. Don’t apply for cards all the time, the longer since you’ve applied for credit the higher your score will be.
Step 7. Try to delete negative marks on your report. Dispute inconsistencies, incorrect information, fraudulent accounts and more.

YouTube has tons more information.
Click to expand...
So you opened a new thread a year back and then never said a thing but waited another year to post some silly steps!
Let me correct you here, I'm only talking about US credit system

Below is what you proposed and my correction is in red color:

Step 1. Get MULTIPLE cards, only use 1.= When someone has a score that is less than 600, he will have a hard time getting credit cards, there is a reason why his score is low, if he already has CC or he has collections that are reported to the credit agencies then there is nothing going to help the score, he needs to fix the collections, remove them from his reports no matter what and there is a way to do so, not 100% proof but it can work, I'm not posting this here now, if someone has low credit score because he never had CC then he can start with secure credit cards, I suggest credit one, one card every 2-3 months, 3 cards max, use only 7% or less of your total balance, pay them in full, USE THEM ALL, the fact that if you don't use a credit card the issuing bank will close it after a while and you said use only one, that's a big mistake, use all of them, at just 7% or less utilization, pay them off 7-10 days BEFORE the due date, never pay anything near on on the due date.

Step 2. Use 6% - 10% of the cards limit. 7% is optimal

Step 3. Try to get total available credit to 10k. That's will be hard at the first year, let the secure cards graduate to none secure. Not sure where did you get the 10K limit, but it would not hurt, You can get $600-800 from credit one, subscribe to Experian (monthly, yes pay $24+ a month, this will help a lot), they will suggest few cards for you, take credit one first month, then take Ollo 6-8 weeks later, they may give you $2000 none secure, only after you get Credit One)
Step 4. If your credit already sucks and can’t get approved for a normal credit card, get a secured discover card
($200 deposit that they refund to you after 6 months): Credit One is the easiest one. $200 is very low, get $600-800, Credit one may give you none secure CC for $600-800, thats if you don't have collections on your report.

Step 5. Never close a card, especially your oldest one. Correct

Step 6. Don’t apply for cards all the time, the longer since you’ve applied for credit the higher your score will be.
The perfect combination is to have 3 cc and two loans, read below on the loans

Step 7. Try to delete negative marks on your report. Dispute inconsistencies, incorrect information, fraudulent accounts and more. Everyone knows this! but how to delete them? that's another LOOOONG thread.


I will also add: get loans, secured shared loans, make sure they will not report to the credit agencies as secure, the best way to do it is open a regular saving account with Pen Fed bank (mot of them in the east coast of the US), open like $1000 saving account and tell them you want it for shared secured loan, this is very important, they may open a secured shared loan for you the same day or you have to wait 30 days, both are fine, the secured loan is for 24 month, let them take the monthly payment automatically so you are never late.

You may open another secure shared loan with some other union banks, but I'm not sure which one will not report it as a secured, I know the above mentioned bank will not report it, open the 2nd shared secured loan 2 month or 3 months after first one.

3 credit cards, 2 small loans, try to avoid credit inquiries, if you get the credit cards from the ones suggsted by Experian, theywill only report soft not hard inquires.
 
AAW said:
So you opened a new thread a year back and then never said a thing but waited another year to post some silly steps!
Let me correct you here, I'm only talking about US credit system

Below is what you proposed and my correction is in red color:

Step 1. Get MULTIPLE cards, only use 1.= When someone has a score that is less than 600, he will have a hard time getting credit cards, there is a reason why his score is low, if he already has CC or he has collections that are reported to the credit agencies then there is nothing going to help the score, he needs to fix the collections, remove them from his reports no matter what and there is a way to do so, not 100% proof but it can work, I'm not posting this here now, if someone has low credit score because he never had CC then he can start with secure credit cards, I suggest credit one, one card every 2-3 months, 3 cards max, use only 7% or less of your total balance, pay them in full, USE THEM ALL, the fact that if you don't use a credit card the issuing bank will close it after a while and you said use only one, that's a big mistake, use all of them, at just 7% or less utilization, pay them off 7-10 days BEFORE the due date, never pay anything near on on the due date.

Step 2. Use 6% - 10% of the cards limit. 7% is optimal

Step 3. Try to get total available credit to 10k. That's will be hard at the first year, let the secure cards graduate to none secure. Not sure where did you get the 10K limit, but it would not hurt, You can get $600-800 from credit one, subscribe to Experian (monthly, yes pay $24+ a month, this will help a lot), they will suggest few cards for you, take credit one first month, then take Ollo 6-8 weeks later, they may give you $2000 none secure, only after you get Credit One)
Step 4. If your credit already sucks and can’t get approved for a normal credit card, get a secured discover card
($200 deposit that they refund to you after 6 months): Credit One is the easiest one. $200 is very low, get $600-800, Credit one may give you none secure CC for $600-800, thats if you don't have collections on your report.

Step 5. Never close a card, especially your oldest one. Correct

Step 6. Don’t apply for cards all the time, the longer since you’ve applied for credit the higher your score will be.
The perfect combination is to have 3 cc and two loans, read below on the loans

Step 7. Try to delete negative marks on your report. Dispute inconsistencies, incorrect information, fraudulent accounts and more. Everyone knows this! but how to delete them? that's another LOOOONG thread.


I will also add: get loans, secured shared loans, make sure they will not report to the credit agencies as secure, the best way to do it is open a regular saving account with Pen Fed bank (mot of them in the east coast of the US), open like $1000 saving account and tell them you want it for shared secured loan, this is very important, they may open a secured shared loan for you the same day or you have to wait 30 days, both are fine, the secured loan is for 24 month, let them take the monthly payment automatically so you are never late.

You may open another secure shared loan with some other union banks, but I'm not sure which one will not report it as a secured, I know the above mentioned bank will not report it, open the 2nd shared secured loan 2 month or 3 months after first one.

3 credit cards, 2 small loans, try to avoid credit inquiries, if you get the credit cards from the ones suggsted by Experian, theywill only report soft not hard inquires.
Click to expand...

You sound like a ton of fun at parties.
like I’ve already said, I’m busy. People commented on this old thread so I shared some general info.
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top