To have a good credit score for 2012, one must have a FICO score of 760 and above. FICO score ranges from 300-850. The FICO score is used as one of the qualifying elements of an individual’s capacity to pay credit cards, car loan, or mortgage loan. The FICO score is dependent on the credit reports issued by the three Credit Bureaus or consumer reporting company (CRC) – Equifax, Experian, or TransUnion.
For many people getting a bad FICO credit score because of bad credit report coming from the three credit bureaus, resort to biting the bullets of high insurance premiums, or high interest rate, or being denied of the use of credit cards. On this scenario, good credit score for 2012 seemingly has no chance to shine.
There are cunning ways however, that these bad FICO credit scores can be bumped up to have a good credit score for 2012.
Since the source of getting bad FICO credit score that can affect a good credit score for 2012 rooted on some errors in the credit reports, those errors can be deleted. An error for example of the non-payment of a certain account, but actually the account in question is already paid. Account put on lien, but already released. Writing a dispute letter accompanied by proof of documentation would settle the issue. And one can get back again towards a good credit score for 2012.
Another cunning way of having a good credit score for 2012 is the piggybacking. This is like borrowings someone’s credit score. Piggybacking works by getting friends or relatives who are willing to call their credit card company to make the person needing boosting up of credit as an authorized user. This system would be a good opportunity to have a good credit score for 2012, as it will boost up one’s credit score, riding along the person’s past and continued good payment history.
Circling around the posie technique is another cunning way of improving a good credit score for 2012. This is similar to playing round robin. An old technique done with secured savings account, but now, it uses secured credit card. This can boost one’s credit score for 2012 fast.
This is how circling around the posie works, increasing the potential of one’s credit score for 2012 Take say, 5,000 and get a secured credit card. Once one gets the credit card, make an advance of, say, 3,500, representing the 70% of the credit limit. Then get the second secured credit card and advance again another 3,500. Once received, get the third secured credit card, and then advance again 3,500. Then, open a new checking account with the last advance, and use this account for making the payment of the three new credit cards. Now, as you have three perfect credit cards making payment on time this will boost one’s good credit score for 2012. At first, because of rapid, multiple accounts opened, some points maybe deducted on one’s credit score, but within four months of no delinquencies on any account, one’s credit score will spike in the 60 points range, establishing a good credit score for 2012.