 Credit cards? |
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how do I get one and what is the best way to go about it? Recomendations?... |
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 If you have really bad credit, and want a credit card to rebuild your credit.....what credit card? |
| I'm trying to get a credit card to build my credit back up....and I have really bad credit....what credit card can I apply for, and get accepted?... |
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 Walmart credit card? |
| I am thinking about applying for a walmart credit card but I dont really have any credit at all because I am 21 and I go to college and still live with my parents, but was wanting to have one because ... |
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 Still needing answer for bad credit unsecured loan need 5k my experian has dropped to 524 & prosper denied me? |
| Every time i apply for a loan my credit drops it was over 600 my problem is that i have 16 accounts but all are current but not for long if i cant get the help. x-wife decided 2 go through the state ... |
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 Is it illegal or some type of fraud to use business credit cards for personal use? |
I'm not talking about maxing them out, but using them instead of personal credit cards, say, if the business closed. The business cards don't show on the personal credit report.
A... |
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 Whats a joint account?? |
| umm my sister was applying 4 mastercard and in the application and they asked her for her joint ... |
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 What if I defaulted on a credit card? |
| First let me say that I have several credit cards. One though has really begun to screw with me. First they raised the interest rate to 21.9% and now the monthly payment is unreal (I have never ... |
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 Which is worse for your credit? Continuously missing payments, or filing bankruptcy? |
| I keep getting letters in the mail from creditors about my deliquent accounts, and am wondering if I should file bankruptcy or not.... |
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 I am a co-signer on a car loan and it probably will get repossessed, what are my rights? |
My father and I are in a car loan together. He is the primary and I am the co-signer. He has the vehicle and he is defaulting on it. How will him defaulting affect me if it is repossesed?
A... |
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 How do these credit card companies get away with ripping people off? |
| credit card companies are charging for you to pay your bill and adding on late fees on your account when you don't even get a statement, how?? there are laws against this, especially in new york.... |
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 I have hired a credit repair agency, Are they any good? |
| I need a mortgage and they claim they can remove most all bad debt from my credit history. I just wanted to get some feedback from those who have used this type of service. Thanks!... |
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 I applied for a credit card, got accepted but then changed my mind...? |
| But when I checked my bank account there is now a credit card account as well with 2 months of late payments and the annual fee tacked on to it. I don't want this credit card at all, but now I�... |
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 What are the average living expenses for a young couple living in their first house? |
| I mean things like certains taxes, gas bills etc. I know there is no fixed answer, but if any of you could help by letting me know some of the expensies or if you in a similar situation how much say ... |
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y2jr16 | Best way to improve credit score? |
My credit score is bad. I was young and dumb and now I'm paying for it with a score below 600. Its hard for me to get a credit card application approved if I apply. I make good money and in about 2 years I want to buy a home. What is the best way to improve my score? Should I buy a new or used car and maybe that will help? Or any proven solutions you know of? Thanks |
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Anjell
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Awesome...I'm glad you're waiting for at least 2 years to buy a home and fix your credit in the meantime...I wish more people thought like you! Stay away from auto loans..that's uncessary money waisting right now. Definitely get a 2nd hand vehicle, avoid a loan if at all possible. Best approach is cash only basis, if you don't have that much put as much as possible down and take the smaller loan. Pay off the loan as fast as possible and don't skip or defer any payments, even if it's one of the 'sweetners' that lenders often throw in.
People ask the credit improvement question so often so here's my step by step method. Good luck !
1 - If you haven't already get current copies of your credit reports from the 3 major bureaus (Equifax, Experian and Transunion)
2 - Take a photocopy of each and put the originals in a binder
3 - Get a highlighter and highlight any account that is negative (collections, written off, older than 7 yrs, etc...)
4 - Any inactive account that is older than 7 yrs should not be deleted from your report. Download a dispute letter from the credit bureaus website(s) and fill in the details
5 - For collection/overdue items, if they are greater than 7 yrs dispute them as well
6- If there are still valid debts, you need to contact the creditor and negotiate a 'pay for delete' in addition to a payment plan if you cannot pay in full. If they start hounding you send them a 'cease and dessist' letter stating they may only contact you in writing.
7 - Do not apply for any credit while you are doing this or for the next year (ideally 2)
8 - If you currently have any credit card or loan balances, pay them off or at least pay them down to bring them current
9 - If you need a credit card, get a secured card from Capital One for $500 (or more if you can)....use it sparingly for like only $25-50 and pay in full and on time every other month or so to establish good re-payment history.
A little patience and 2-3 months, you'll be on your way.
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Jane S
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credit card is the best way to imporve score. Make sure to pay full every month to have the best improvement. Find the card you like at the following site. |
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walkthisway2009
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I would recommend 2 things: 1) a very low cost (possibly free) credit repair program to try to have the negative items removed. 2) I would add a tradeline program to boost your score quickly (60 days or quite possibly less). A friend in California used this and got a 120 point bump from 560 to 680. There has been a lot of disinformation by Experian saying these authorized user programs do not work. Check out the source news link for an article from July 30th that has them admitting it still exists. My friend in California went through www.totaldebtsolutionsllc.com and called their toll free# or fill out the free evaluation form to get the ball rolling. Good luck. |
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Manshu
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Don't apply for too many credit cards as that will hurt your credit score even more. Best thing is to join a credit union, open a savings account there and put in some money. You should be able to get a credit card from them in some time. Use that for your day to day expenses and pay it off in full. That should be a good way for you to start off and build back on some of your credit. |
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Dr. Gigi
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7 Tips To Increase Your Credit Score
Having a high credit score can mean the difference of thousands of dollars of saved interest expense compared to others with a lower score. For example, if you improve credit score results from the credit bureaus, just a few points that increase your credit score can make huge difference in the interest rate you will pay for a home purchase. It pays to increase your credit score!
The most commonly used credit scores available to lenders are FICO scores, which is a scoring method created by Fair, Isaac & Co...FICO!
These scores are provided to lenders by the three major credit bureaus: Equifax, Experian and TransUnion. Before we get into some tips how to improve credit scores, it pays to review the major areas that determine your FICO score.
1. Payment history on credit and retail store cards, loans and mortgages.
2. Amount that you owe. Credit agencies look at how many accounts have balances and the proportion of that balance to the credit line.
3. How long is your credit history? The longer the better
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I Buy And Sell Houses
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Maximize income; minimize expenses.
Pay all bills on time.
Don't use up more than half your credit limit on any line of credit. For instance, if your credit card limit is $6,000, make sure the amount you owe is no more than $3,000.
Pay off all debts.
Do not "cut up" credit cards or terminate credit lines. (Length of credit helps.)
Don't change jobs. (Length of employment helps.)
Don't buy a new car. Think seriously before buying a used car. Purchases of depreciating assets do not help.
Get a secured credit card. Pay it off in full each month.
Get copies of all three of your credit reports. Challenge any incorrect information.
All of those are broad pieces of advice, but they work. There may be specific items in your background that you need to take care of. You'd know what those are. Clear those up, too.
Hope that helps. |
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hello555
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www.creditrepairuniverse.net
Learn everything about repairing and/or building credit
Depends on what type of bad credit but if you have the money.
collection companies-pay for delete.
ballances pay them to 25-30 percent.
get a secured credit card and secured savings bank loan.
look in website for more info. |
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Sarah M
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There are five areas that go to make up your score, and they are weighted differently - some areas are more important than others and have a bigger effect on hurting or improving your FICO score:
1. Payment History = 35%
2. Amounts Owed = 30%
3. Length of Credit History = 15%
4. New Credit = 10%
5. Types of Credit Used = 10%
So, the 10 best things you can do for raising credit scores are:
KEEPING A CLEAN PAYMENT HISTORY
1. Pay on time. At 35%, payment history is the largest area of concern to lenders. The only thing that will damage your score more than late payment is total non-payment.
2. Did I mention pay on time?
AMOUNT OWED - NOT TOO MUCH (BUT NOT TOO LITTLE)
3. Ideally keep your debt to credit ratio to 30% or less. This means only using 30% of your available credit per card.For example, if you have a card with a credit limit of $1,000, keep the balance at $300 or less.
4. This holds true per individual card but also for your debt to credit ratio overall. This means you need to pay down debt - not just move debt around. This is a frequently misunderstood aspect of how to raise credit scores. You will save money by doing the 0% APR balance transfer dance, but you will not improve your FICO score.
LENGTH OF CREDIT HISTORY
5. A longer average account age will boost your score. This means that opening new accounts can lower your score because a new account will bring down the average age.
6. Point 5 above has a rider - if you have poor credit you need to re-establish your credit and rebuild your credit. This means taking a hit in the short term by applying for as much new credit as you can get so that in the long term your score will improve.
NEW CREDIT DOs AND DON'Ts
7. Don't constantly apply for new credit. If you are shopping around for credit, try to squeeze the applications into a short time frame. FICO scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur. If you are just starting out building your credit, a lot of inquiries will lower your score more than someone with a longer history.
8. Do request a copy of yor credit report regularly. Requesting a copy of your own credit report does NOT damage your credit score. This is an Internet myth. Requesting your own credit report or credit score from an authorized provider does not set off alarm bells the way that multiple requests sometimes does.
TYPES OF CREDIT USED
9. Mix it up. A combination of revolving credit such as credit cards and installment payments like a car loan is ideal.
10. Avoid store cards such as Target, Home Depot and so on. These count as lines of credit as opposed to revolving credit like regular credit cards. Store cards are not given much respect by credit scorers. In the long run, the convenience or in-store discounts will not make up for being refused a VISA card or a prime mortgage rate later on down the track. |
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thinkcreditcards
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To improve your score, make sure you pay all of your bills on time each month. With a score below 600, you will be paying a high interest rate on a car.
Instead, you may want to consider getting a prepaid credit card. This works much like a debit card (you deposit money onto the card and can only use what you deposit). You can normally load it up as much as you want. But the good part is that it will be reported to the credit bureaus like regular credit cards, so you will build your credit and credit score without having to worry about not being able to pay the bill!
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