Find a way to pay down revolving balances to zero.
If you have cash sitting around, great. Otherwise borrow from a 401(k), friends or family, send non-reporting payments in late et cetera. Running balances rapidly to zero tends to cause a 50 to 100 point bump. After you’ve got approval, rebuild the balance and use that credit to repay the loan. In summary: transfer the debt from reporting to non-reporting sources.
If you’re thinking longer term, find bullshit collateralised reporting loans and take them out. Securities-based loans, HELOCs. Low rate. Manufactured borrowing. But it’s a credit line paid back on time. The algorithm likes those.
Find a way to pay down revolving balances to zero.
If you have cash sitting around, great. Otherwise borrow from a 401(k), friends or family, send non-reporting payments in late et cetera. Running balances rapidly to zero tends to cause a 50 to 100 point bump. After you’ve got approval, rebuild the balance and use that credit to repay the loan. In summary: transfer the debt from reporting to non-reporting sources.
If you’re thinking longer term, find bullshit collateralised reporting loans and take them out. Securities-based loans, HELOCs. Low rate. Manufactured borrowing. But it’s a credit line paid back on time. The algorithm likes those.