11-01-2009 06:40 PM
11-01-2009 06:51 PM
Thanks! I have way too many inquires for this year on my reports. I was so anxious to raise my score, I will not apply for anything else for 2 years.
Just know that inquiries are only calculated into your FICO scores for one year. But, the inquiries will appear on your credit reports for two years. With that said, there's no need to go on an app spree after one year. Let them all fall off after the two years. Good luck!!
11-01-2009 09:25 PM
This is from this site:
It’s important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time. See how much money you can save by just following these tips and raising your credit score.Payment History Tips
At this point I have to agree that time is your best friend. Be patient and do the things listed above and your scores will take care of themselves. Continue to research and learn and learn some more. No one will ever have all the answers. I wish I had been curious about proper credit management as you are at age 18!!!
Good luck to you.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO