I've got no debt and a pretty decent credit score, but how do I make my credit score even better?

I've started thinking about purchasing my first home, and I looked up my credit score. It was about 755, which I understand is a pretty good score. I don't want a pretty good score, though.

I want a great score. All the guides online about raising your score just say "pay down your debt", but I don't have any. I pay my bills every month.

Pretty much the only credit I have is the one credit card I've had open for the last 6 years, and I hardly use it for anything. I understand that having more credit helps, but I also hear that opening new cards can lower my score. How do I take my decent credit score and turn it into a really great credit score?

Asked by Anonymous 39 months ago Similar questions: debt pretty decent credit score make Business > Financial Planning.

Similar questions: debt pretty decent credit score make.

A good credit score is not necessary to buy a house. The credit score is really an "I Love Debt" score. It is based on the amount of credit available to you, how much debt you have, and your payment history.

If you have no debt, your credit score will fall. Look for a mortgage company that does manual underwriting. They will not use your credit score to qualify you for the loan, but will rather look at your salary and whether or mot you pay bills on time.

If you have no bad debt and have a history of paying on time, you'll qualify for a premium mortgage. If you'll concentrate on keeping your income, rather than paying banks to borrow theirs, you'll be able to rapidly build wealth. Sources: daveramsey.com/tdrs/index.cfm/Credit-score circumloquacious's Recommendations The Total Money Makeover: A Proven Plan for Financial Fitness Amazon List Price: $24.99 Used from: $12.75 Average Customer Rating: 4.5 out of 5 (based on 368 reviews) The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family's Financial Health Amazon List Price: $16.00 Used from: $4.99 Average Customer Rating: 5.0 out of 5 (based on 25 reviews) Financial Peace Revisited Amazon List Price: $24.99 Used from: $4.99 Average Customer Rating: 4.5 out of 5 (based on 65 reviews) More than Enough: The Ten Keys to Changing Your Financial Destiny Amazon List Price: $14.99 Used from: $4.99 Average Customer Rating: 4.5 out of 5 (based on 11 reviews) Dave Ramsey has some great information on handling money.

Read his books and try to catch his radio talk show and Fox Business Channel show.

1 I've heard conflicting things about credit cards (in terms of whether or not getting more will help or hurt your score). Using your credit card more (perhaps getting an increase in the limit) and paying it off in full each month will help your credit score though as it shows you can use credit responsibly.

I've heard conflicting things about credit cards (in terms of whether or not getting more will help or hurt your score). Using your credit card more (perhaps getting an increase in the limit) and paying it off in full each month will help your credit score though as it shows you can use credit responsibly.

2 Be happy with 755..that should be enough to get you the best loans. Ways to raise it...make more income...buy more things on credit and still pay off your balance monthly. Possibly get a second credit card though this may initially hurt your score.

Be happy with 755..that should be enough to get you the best loans. Ways to raise it...make more income...buy more things on credit and still pay off your balance monthly. Possibly get a second credit card though this may initially hurt your score.

3 Other things...have a longer credit history...have various completed loans (car, personal, etc...)...But really 755 is excellent...having anything higher is not going to get you anything extra...just work to maintain that score and in time it will go up.

Other things...have a longer credit history...have various completed loans (car, personal, etc...)...But really 755 is excellent...having anything higher is not going to get you anything extra...just work to maintain that score and in time it will go up.

4 Thanks, maybe I'll just shut up and be happy. Someone told me the "best rate" cutoff was around 780, but I suppose that sort of thing varies by bank.

Thanks, maybe I'll just shut up and be happy. Someone told me the "best rate" cutoff was around 780, but I suppose that sort of thing varies by bank.

" "I have a credit debt that is a loss/write off. Will my score improve if I "Settle for less"?

I have a credit debt that is a loss/write off. Will my score improve if I "Settle for less"?

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