Credit Score Management

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Feb 04 2010

How To Improve Credit Score Being New To The Usa?

Posted by: Alan in Credit Score, tags: Being, Credit, Improve, Score

I have recently went to the USA from another country. I have years of credit history where I came from, but here I have about 4 months – one credit card with a whopping $200 limit. My VantageScore is 635.
What is the fastest way to increase this score. Also, can I qualify for an auto loan with this score, or is it too low?

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This entry was posted on Thursday, February 4th, 2010 at 3:58 pm and is filed under Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “How To Improve Credit Score Being New To The Usa?”

InvestPr says:

February 4th, 2010 at 5:23 pm
Best way is to get a few more secured cards, borrow against them, then pay them off when the bill comes due.
You can also do this with what’s called “pass book” loans at banks. Place money in a savings account, borrow against it, place in in another bank, borrow against that, them pay the first loan offer. Take the money out and pay the second loan off. Just make sure they report this credit history to the credit bureaus.