*Loan,banking and credit>>>credit repair

What the quickest way to repair my credit. I currently have a 530 credit score.?

Hello to all. I am looking to raise my score to the 775 as soon as humanly possible. I understand each case is different, but would value any general advice out there. Thanks for your time guys.

Pay ALL your bills ON TIME and DO NOT apply for any credit anywhere until your score gets to where you want it. Get your credit balances down to less than 50% at least and lower than 30% if possible. Source(s): Did it myself and it works

close down any credit lines you have open that you dont use.
Okay I was told by the Loan officer at a bank that the best way to lift your score is to apply or have a credit card and buy stuff like groceries and then pay it all off when the bill comes in. She said that is what she does to keep a good score. Don't go over what you know you can't pay. And make sure to pay it off on time all the time. It works like a charm. We are doing it so we can purchase a house in the near future.
This may not be possible. Getting over bad credit is a lot like getting over a hangover. Time is the only real solution. My advice: Pay off all debts (esp. credit cards and other high interest loans), make good on any bank accounts that may have been closed in bad standing, and don't be late on any accounts that you leave open. That done, you're still going to have to wait 7 years for a bad mark to be removed from your credit report.
Why a 775? I only say that because a 720 will be just fine. Here are somethings that you will want to evaluate on your report:

1. How high are your balances to allowable credit? If you have a credit card with a limit of $2,000 and you are max'd out, that drops your score. You want to make sure that your balances are 50% or less then your allowable credit. Some people think that they have to pay off things entirely to get a benefit, not true. Though, if you have the resources to do so, it is not a bad idea.

2. Pay all of your bills on time, even the small $15.00 a month payments that don't seem important. Everything counts and a good pay history will improve things greatly

3. DO NOT try to settle any collection account that is older then 2 years. When you have an account in collections, your credit score gets impacted negatively. As time goes by, and you do nothing about it, the impact that has on your score will lessen. Now, if you were to go back and settle an old delinquency that you have not done anything about in years, it will impact you all over again because it becomes currently active all over again. I know that might sound strange but that is the nature of the beast. Of course, you will want to consider paying off anything in the future but if you want to raise your score now, do not bother with old collections.

You may want to try a credit repair organization as well. They are costly but will get the job done quick. Pull your report with the credit bureaus directly. This will make it easier and faster for them to update your information.

Best of luck to you, I hope that helps.
I am a mortgage broker and have given this advice to many clients with great success.