Thank you. I thought my scores were better than they are and I contacted a mortgage lender who said my scores were much lower than I thought. He said to pay off all negative open accounts. Most are medical bills. He also said that even with a car loan and a secured card and Fingerhut it is not enough trade lines. He suggested I open another secured card. Use one for gas and the other for fun/groceries. He said charge no more than 30% on each only if there is the money present to pay it off when I get home that day. If so, pay all but $5 immediately. He said that plus the debt should help within a few months to raise my score in addition to keeping the existing items current. My husband has a tax lien so I promptly made arrangements for that and have applied for and was approved for a second secured card as well. I just have to wait until payday to fund it and then will work to pay off these debts and build my score. Hoping for some big results in six months.
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If I shop around for a balance transfer credit card, my score will get crushed: FALSE! If your score does decline, it probably will not decline by much. You can expect 10-20 points per credit application. But, remember: you apply for a balance transfer to help reduce your balance faster. When you open a new credit card and transfer your balance, then you will be able to:
If you think it will take longer than 15 months to pay off your credit card debt, these credit cards could be right for you. Don’t let the balance transfer fee scare you. It is almost always better to pay the fee than to pay a high interest rate on your existing credit card. You can calculate your savings (including the cost of the fee) at our balance transfer marketplace.

Personal Loans: With the rise of marketplace lenders, obtaining a personal loan with a low interest rate has become increasingly easy. Most lenders will allow you to shop for an interest rate without hurting your credit score. You should shop around for the best rate online at websites like MagnifyMoney or NerdWallet, where you can find variable interest rates as low as 4.74%.
The Capital One® Secured Mastercard® offers qualifying cardholders a lower security deposit compared to other secured cards. You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness. Typical secured cards require you to deposit an amount equal to your credit limit, so this card has added perks for people who qualify for the lower deposits.
If someone has opened accounts in your name, without your knowledge, you could be the victim of Identity Theft. The best first place to start managing identity theft is IdentityTheft.gov. This is a government website that enables you to report an identity theft and get a recovery plan. As part of that plan, you will be encouraged to freeze your credit and file disputes with the credit bureaus. It is critical to keep a good paper trail.
Otherwise, the advice you have given is great and works well for a quick boost but having the ability to remove lines of information from your credit history is even better because once it is gone, it can no longer affect your score. BTW - don't take my word or anyone elses for that matter, educate yourself! You can find either of the sources I mentioned just by Googling either of them if you want and I promise you, the more information you have, the better!

Do yourself a favor and save some money, too. Don’t believe these claims: they’re very likely signs of a scam. Indeed, attorneys at the Federal Trade Commission, the nation’s consumer protection agency, say they’ve never seen a legitimate credit repair operation making those claims. The fact is there’s no quick fix for creditworthiness. You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.
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For example, let’s say you want to use a credit card balance transfer to consolidate. Almost any balance transfer credit card you choose will have a fee that’s applied for each balance transferred. Some have a $3 fee per transfer, while others are 3% of the balance you move. That’s a big difference. If you transfer $25,000, then the 3% card will increase the cost of debt elimination by $750.
One of the biggest considerations people make when deciding whether to file for bankruptcy is the potential impact it will have on their future financial lives. While it can certainly help them clear out massive amounts of debt that they couldn’t handle on their own, it can also restrict their ability to take out loans and credit during the payment term of the bankruptcy by requiring them to get the court’s permission first.
Since debt management plans are individually tailored to each consumer, one plan can be wildly different than the next. McClary said your plan can vary depending on how much debt you owe, your current interest rates and payments and how your interest rates and fees are negotiated down. This is a huge benefit for consumers since debt management plans come with specific advice instead of blanket solutions that may or may not work.
Negative records that you cannot successfully dispute will remain on your credit reports for roughly seven to 10 years. The best way to overcome such negatives is to add a pile of new positive information to your credit reports. Doing so dilutes the negative information and shows that you’re really a responsible borrower who just made a few mistakes. We’ll explain how to go about doing that in the steps below.
What's more, each time you apply for credit, the potential lender will check your score. Each time your credit is checked, other potential lenders worry about the additional debt that you may be taking on. Sometimes, the act of opening a new account, or even applying for one, can lower your score. Having lots of recent inquiries on your credit report dings your score temporarily. So don't apply for cards often, if you want to raise your score, and don’t constantly move your balance from card to card to get a special 0% APR. It will likely hurt your score more than it helps.
If you have medical debt, you may be wondering what options are available to you. Medical debt can be consolidated into a nonprofit debt management program, though you may not receive lower interest rates. Considering that much medical debt is already at a low or zero interest rate, this should not be a deterrent. By consolidating medical debt to a debt management program, you are simplifying your bill pay and committing to timely, consistent payments of  your medical debt. This will help you pay off your debt faster and also may have a positive impact on your credit score.
It may seem attractive to just take out a nice big loan, pay everyone off, and only deal with that one monthly loan payment—one you can even have automatically taken from your checking account every month—but all you're really doing is paying a financial institution to do something for you that you can do on your own. It feels great not to get a bunch of bills in the mail or fret over who you pay when and how much, but you can do the same thing on your own:

If you own a home, you might also consider a home equity loan or a home equity line of credit, which will provide you with extra cash. Home equity loans come at a fixed rate, while home equity lines of credit have variable interest rates and follow a flexible repayment structure. Borrowing criteria vary by lender, but the amount of equity you have in your home will at least partially factor into the size of the loan you’re able to take out. More equity tends to equate to better terms.

Become familiar with the information contained in each of your credit reports. They'll all look very similar, even if you've ordered them from different bureaus. Each credit report contains your personal identifying information, detailed history for each of your accounts, any items that have been listed in public record like a bankruptcy, and the inquiries that have been made to your credit report.

We agree that it is very important for individuals to be knowledgeable of their credit standing. When you have a credit-monitoring tool like freecreditscore.com on your side, you get e-mail alerts whenever there’s a change in your credit score–and you can also see your credit score whenever you want. With the free credit report from the government, you only see your report once a year. If you monitor your credit score regularly, it’s easier to catch inaccuracies before it’s too late.

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