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As a student I did many stupid things with credit. I now live abroad and I am making excellent money but my credit score is still low (450). I only have one outstanding loan (tuition loan) and I have the ability to pay it off all at once (35G). My question is, how long will it take for my credit score to go up to something more respectable? I live abroad so I am not eligible to apply for any Canadian credit cards, but i do have a 3-year contract with a cellular provider (Telus) which i specifically set up in order to show some improvement on my credit -paid every month on time; but its been 5 months since i signed up and till now no information has been reported!

HELP! do i need to meet with a financial councellor? should i pay off my tuition one shot or should i make payments so it looks better in the long run? I have no other debt (all paid off 8 months ago — about $ 6,000 overall)

Thank you!


5 Thoughts on How can I improve my credit from 450 to 700? Living abroad!?
  1. Reply
    July 29, 2011 at 9:33 pm

    y don’t u ask someone in the deparment, like ur insurance agent?!?

  2. Reply
    July 29, 2011 at 10:03 pm

    Yes you can.
    You can eleminate your bad credit score. In this way you can raise your credit score,

  3. Reply
    N K
    July 29, 2011 at 10:12 pm

    if you pay it off all at once, your score will improve over time 1-2 years. try building good credit here in US while you can in the mean time. pay off the loan but before paying negotiate by saying that you want the entry removed. get a pay for delete letter. For 35k, they will do it most probably. Get those entries disputed and removed. Get yourself an American secure card while in Canada and use it sparingly. this will help you with building good credit. A score of 700+ means not only do you have no bad credit but good open credit on your file.

  4. Reply
    July 29, 2011 at 10:24 pm

    The same way you would do it if you were at home. Just be diligent and patient.

    1. Order your credit reports from the 3 bureaus
    If you’re ordering for the first time, get your score (for a fee) from Equifax as their scoring matters most.

    2. Make copies of your report and put the originals in a binder. On the photocopied reports use a highlighter and check for any incorrect, outdate, false, etc…info

    3. Download a dispute letter(s) from the credit bureaus website and list anything that is wrong. Mail them to their office(s). They have 30 days to reply.

    4. If they will not remove something that is not yours or too old (> 7 years) as them for a debt validation. This may take an additional 30 days.

    5. Once the ‘baddies’ come off, take care not to let any of your other accounts fall into that predicament.

    6. If you haven’t already make sure your existing accounts are current and paid on time ALWAYS.

    7. Get a secured credit card with or for like $ 500-1000 or more if you can and use it sparingly. Charge like $ 50 on the card each month and pay it in FULL and on TIME. Make sure you do this for a minimum of 6 months so that you estabish a positive repayment history.

    8. Problem with just letting them (collections) ‘fall off’ is that they may never. You may get sued before that…that’s where you suddenly get a summons to appear in court and a judgment for collection against you.

    For collection items…pay them but get a ‘pay for delete’ from the collection agency in WRITING…they’ll delete it after you pay and it will help your credit score.

  5. Reply
    Jeremy S
    July 29, 2011 at 10:40 pm

    you should go to . they’re awesome at their job and they really helped me in raising my score from 410 to about 520.

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