Credit.......?

Does any1 know how to get yr credit rating up (I want to get a lapttop on credit) as to get a credit rating you have to get something on credit but you cant anything on credit until you have a credit rating! Crazy!!!!
and sorry to sound stupid! But what are ccj's?

Thanks
xx xx xx

ccj's are county court judgements, usually filed by someone you owe money to to make you pay up.
Capital one do a credit card that rebuilds your credit rating as you use it, but it will start with a low limit and highish interest rate.

ccj = county court judgment, which is a court-backed judgment against a debtor to order the debtor to pay the debt according to the winning creditor's wishes.

Here are ways that can cause improvements to your credit score.

Make sure you make a new, small, NECESSARY charge on your credit card each month, and pay it off in full each month, on time. Doing this every month gets you max FICO points for the 35% of your FICO score that is for payment history. A necessary charge could be groceries, gasoline or an auto-paid utility bill.

30% of your FICO credit score is credit utilization: how much of your credit limit are you using as balance? Make sure you keep your balance below 30% of your credit limit, or you will hurt your score. For example, if your credit limit is 700, you need to keep your balance below 210, which is 30% of 700.

10% of your score is for credit mix: what kinds of open credit accounts do you have? The good types of credit are: mortgage, secured auto loan, major credit card (V, MC, AmEx, Disc) and store card (Macy's, Home Depot, etc.). The bad kinds of credit are payday loans, unsecured personal finance loans for purposes of getting cash advances, and overdraft loans. If you have holes in your credit mix, filling the holes will score points. It's safe and advantageous to have 2 major cc's and two store cards. Again, use them every month to make a new necessary charge and pay the charge off in full the following month.

Opening new cc's will cause hard inquiries into your credit history, and these hard inquiries will temporarily cost you a few FICO points apiece. Inquiries and new credit are 10% of your FICO score. However, inquiries fall off your reports in at most 2 years, and they lose their ability to hurt your score as they age.

By opening a few cc's now and using them and paying them off monthly and responsibly for two years, your score will be higher in two years, and you'll be closer to your goal.

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you can start by getting some thing small out of a catologue, pay every month on time with no missed payments and it starts your credit score off..county court judgements .An adverse ruling by a County Court against a person who has not satisfied their debt payments with their creditors. Once the ruling has taken place it will be recorded against the persons credit history and will appear every time a credit search is done for the next seven years. If a person has a County Court Judgment against them it will have to be satisfied before they can get a mortgage. They will also find that the mortgages they can get will be at a higher interest rate.

ccj's are county court judgements, that is when you default on a credit agreement with a company and they default you, if you want to start getting on the credit scoring scale your best bet is to get a store card or credit card and make sure you keep up your monthly pmt, even if a pmt reaches a company a day late they will mark you down as a bad payer, so make sure you give your pmts enough time to clearer

Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html

Hi,
I will tell you like my mother always told me. To build your credit, you have to start small and work your way up. She was right, of course, mom is always right. :o) Anyway, apply for a credit card, you probably won't get a high limit at first but that is why they call it building your credit. Buy something that isn't too expensive, something that when the bill comes in, you can pay it off right away. Then go buy something else. Then pay that off. Keep paying it off everytime it comes in. It takes time to build credit. So, if you are wanting that laptop ASAP, this is probably a downer answer for you. Eventually, you will qualify for credit increases through the credit card company. Another thing I learned through my banker, is that if you have credit cards, the best thing to do with them when you are not going to use them anymore is to NOT close the account. Closing the account and then opening them brings your credit scores down. Also, the creditors do not like to see that you have more than half of your credit limit spent on your cards. They like to see that you have credit left on your cards. Don't ask me why, this is what my banker told me. I do what he says. He has helped me alot through my credit woes.

Web definitions for CCJ
County Court Judgement is the term for a judgement made against a person or company for debt in the county court. Generally if a CCJ is paid in full within 30 days of the date of the judgement it wonâ€™t appear in the credit register. CCJâ€™s are a matter of public record. They are catalogued and held for 6 years with the Registry Trust. If a judgement is settled after the 30 day period it will be entered into public record and this will affect your credit rating.

Here's How to Establish Good Credit With or Without a Secured Credit
If you've never had credit in your own name, it can be difficult to get a car loan or credit card. Having no credit history can be as much of a problem as having a bad credit history. Students, other young peole, and newly divorced or widowed women who have always obtained credit jointly with their husbands often find themselves in this situation.
It seems like a vicious circle: you can't get credit because you've never had credit, but you've never had credit because you can't get credit. What's a person to do?

Don't despair. Here are a few tips to help you establish credit in your own name.

~ The best way to establish a credit history is to apply for a small loan or line of credit from your local bank or a credit card from a local department store. Ask whether they report to a credit bureau. If they don't, having the card or loan won't help you establish credit.

~ To get a credit card without a cosigner, you must be at least 18 years old and have a source of steady income. Gas cards are relatively easy to get. Apply for one and use it to establish credit, but pay it off every month to show that you can pay your bills responsibly.

~ If you can't get a small loan or gas or department credit card on your own, try to find someone to co-sign for you. Again, make payments regularly and on time.

~ Increase your chances of getting the loan you're applying for by coming up with a large down payment. If you don't have the cash, consider borrowing from a family member.

~ If you don't have a checking account, open one. You have very little credibility with lenders if you don't have at least a checking account and preferably a savings account as well.

~ Just as importantly, be sure not to overdraw your bank account. Bouncing checks sends a signal to potential lenders that you can't manage your daily finances and are therefore not a good credit risk.

~ Know what lenders and credit card issuers look for when issuing credit. There are other factors that affect credit approval besides just your payment history, such as how often you move and how often you change jobs. It also helps if you've had an apartment or utility in your own name. If you don't have a telephone number in your own name, you may find it more difficult to get credit.

~ If worse comes to worst, you may find it necessary to get a secured credit card. These cards require you to deposit money in an account to secure the loan or credit limit, and they often have fees and higher interest rates. If you default on your payments, the lender takes the money from your account. After a few months of making payments on time on the secured credit card, you may be able to obtain a regular credit card. Remember to make sure the company reports to a credit bureau before applying for a secured card, or the card won't help you establish a credit history.

Before you apply for a credit card or car loan, get your ducks all lined up. Think like a lender. Applying to a number of credit cards in a short period of time can decrease your chances of getting approved. Lenders see this activity on your credit report and steer clear because they think you're getting in over your head, so pick and choose carefully and have a plan of action.

Being rejected for credit can also look bad. Apply only to cards whose requirements you are likely to meet. Read the small print and call the company to make sure your income and other factors qualify you for the card. Just because you get an offer in the mail doesn't mean you qualify.

With careful planning and a little knowledge of how lenders issue credit, you CAN establish a credit history fairly painlessly. There are many businesses waiting in line to take advantage of you by charging exorbitant fees or interest rates, so be careful out there.

I have listed a source below of unsecured credit cards for people with bad to no credit to help you build a credit history.

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