Question:

How to raise my credit score if I have 500 credit score?

Answer:

That would be difficult.

First of all, you need credit repair professional services. If you are going to raise credit score and you have a 500 credit score, you need to do a lot of work, and you can't make it on your own, obviously.

Make sure you get free credit reports from the three credit bureaus and bring those to a professional credit repair company. They will help remove old and erroneous items and this process may take months.

Meanwhile, while you have the professionals cleaning the credit report and raising your credit score, you will have the chance to repay some late obligations and become current on as many payments as possible.

Also, a 500 credit score may signify recent foreclosure or bankruptcy. If that is the case, you will need to establish new positive loan history. You may have to take a small loan and repay it diligently.

Additionally, if you have too much credit card debt, try to pay it off and/or transfer it on a low rate card.

With combined efforts from your side and the credit repair service company, your 500 credit score may be successfully raised within a year and go beyond 600.

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