 I'm in debt & DO NOT want a bank loan!!!? |
| I'm in debt with $6,500.00 and I recently received a court order that I need to present to court for a hearing on my account. The letter was sent from the lawyers that took the case from the ... |
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 Ordering something online with a credit card? |
| hello ^_^ well i am new to this kind of stuff (ordering online) and i will be using my credit card. ya know when it asks for my credit card number do i put in all the numbers? or am i supposed to ... |
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 What is a good Credit Card? |
| OK I WANT TO START MY CREDIT GOOD! AND I WANT LOW FEES IM 18 AND STILL IN HIGH SCHOOL AND WITH A DECIENT JOB. I WANT TO GET LOAN FOR ABOUT 1500 DOLLARS BECAUSE I WANT TO BUY A MACBOOK. ANY IDEAS?... |
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 Somone has stolen my cash card!!? |
| I went away this weekend and the last time i used my cash card was on Friday the 24th. I returned home and not only was all my wages stolen (over £1000!!!) but they used my cash card to with drawl ... |
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 First credit card selection advice? |
| Hi. I'm a college Student. Currently looking to start building up my credit. I'm going to apply for a credit card here shortly and was wondering if anyone had any advice on any particular ... |
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 What do you do when you actually try to work with a creditor and they say no?? |
| i recently lost my job, and i called my main credit card (with the biggest balance and biggest minimum payment) to try and get them to break up my payment (i couldn't pay it last month, around ... |
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 I lost my debit card. I want to buy something online. How do I find out my number? |
| I lost my debit card. I want to buy something online. How do I find out my number?... |
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 Credit Card Debt..Are you in it?? |
| I know that my wife and I are paying out from under it right now and its difficult. I think that if you ask most people, they are probably ALL in some credit card debt! So... What about you?... |
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 How would you pay this debt. Advice Please!!? |
| I just received a check for my stock that is $3,700.00. Im 22 and want to improve my credit enough to get a loan in about a year to go to flight school about $40,000. My "plus" credit ... |
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 I really messed up, credit score is 504 and I really want to fix it but have no idea how or where to start? |
| I have 3 accounts that show as - bad debt, written off with an outstanding balance. Do I pay them, what can I do to get my credit life back on track or am I screwed forever can I ever recover from ... |
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 Need an emergency loan to pay for move in costs? |
| I'm recently seperated from my wife and we're getting a divorce. She kicked me out of our apt, and I'm at a friends. I can't stay here forever. I need at least $5000 for move in ... |
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 Bill consoladation,pro's and cons? |
| I'm a single mom with good credit standing. the problem is I have too many cards and my spending has gotten out of hand. I'm not in collections but my whole paycheck goes to these bills. I&#... |
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 Does anyone know where I can a $7000.00 loan from maybe a private lender? |
| I am trying to build my credit so i ca nt go through the bank and I am desperate. I need this money for my fathers ... |
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 Credit card debt? |
What happens if you just don't pay your credit cards and don't declare banruptsy..besides ruin your credit..what can they do to you?
Additional Details
My friend has 150K in CC ... |
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aazo007 | Hi, I have a really poor credit score along the lines of 530? |
I am currently paying off my debt, I would like to know if there is a faster way (along with paying my debt) of improving my credit score? I can't get approved for anything!
Additional Details
I would have to get credit to improve my credit score don't I? |
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diana a
 |
To Repair credit score
Your credit score is based mostly on:
1. Length of credit history
2. Payment history.
3. Ratio of credit used to available credit.
4. Number of credit inquiries you authorized.
If you cancel your card, you'll be hurting your credit ratio. (#3).
You want to deliberately keep your oldest credit card open, even if you never use it.
You want to always pay the minimums of each loan on time every month.
You want to keep your available credit high, but actually only have balances equalinig 25% or less.
You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans.
You do these things and your credit score will quickly soar into the 700s.
--------------------------------------...
http://www.bestcreditrates.net |
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1+2+3+4+5+6+7+8+9+10
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to improve your credit score you need to pay off the debt you have without any defaults, then to get a higher credit score get small loans for something you need and pay the loan off, build your loan amount up each time and repay that loan, having to many loans will only put you in a hole.
Remember any loan you apply for or obtain in the future you should never send them money, if they ask for money it is a scam, never give your bank details out to anyone who does not have a registered business which you can check.
Check the persons email address, if the email address is not conected to the company then you should be asking yourself why is someone running a loan company from a hotmail, live, yahoo, gmail email address instead of there business name, example @bank.com or simplier...
Do not apply for loans when you think you will get knocked back as it will effect your credit score in the long run.
I hope this has been helpful to you |
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David R
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First off, remember that every time you apply for credit you are lowering your score. So be realisting for the types of credit you are applying for. Most retail stores will give you a credit card even with bad credit, so that could be a good place to start, just make sure you use it wisely. An even better option is getting a secured credit card. Once you do get a card use it regularly but pay it off regularly as well.
You should also check your credit report for any errors. Make sure there are no accounts recorded as open or deliquent that you have paid off.
Good luck! |
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BIG Z
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First off, continue paying off your debt. That should be your #1 priority and it should improve your ability to get approved for a line of credit or loan since your 'DEBT / INCOME ratio' will be reduced.
Once you've solved your current debt issues, you might consider a new line of credit. A credit card is probably your best option, but you could also try a small personal loan from your bank. There are numerous credit card sites out there with 'credit cards for bad credit'. Most of these offers are legitimate opportunities for you to build / improve your credit score. But be aware, you'll pay higher interest and additional fees until you're able to qualify for a better offer.
Here's one of many sites that provide cards for bad credit:
http://www.wowcreditcards.com
GOOD LUCK! |
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Jewl
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check out my site it will help you raise your score with a money back guarantee
www.vrtechmarketinggroup.com/SMoore3 |
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pikra
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I don't know what you can do, but I can give you some advice about what you shouldn't do. Do not close any credits, open new credit cards, get new loans or run any credit reports. Any time you do any of those, your credit score gets lowered. What are you trying to get approved for? Circumstance allowing, I would suggest that you try to get out of debt before you go further in it. Furthermore, if you were to get approved for anything having to do with money your interest rates would be so high that the interest alone would ensure that you would never get out of debt.
One option for you would be to look into consolidating your debt if it is int he form of multiple loans or credit cards. While this may initially lower your credit score, in the long run it will help you because it will be easier to keep track of your debt and payments. Just be sure to look very closely at those interest rates before you commit to anything. |
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kckid2
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You want to get more credit, with a poor credit score.
Maybe you should forget about more debt, and just take care of what you got. You have some proving to do, and it takes time. |
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$m¤¤v¥ £¤¢¤
 |
It's good that you're paying off the debt that you have now, that will get rid of the "dead" debt, which is money that you owe, that doesn't build credit for you. Collection items are the prime example of this. Even after you pay them off, you'll need something to start building credit because paying old debt doesn't help anywhere near as having some positive accounts rebuilding credit. You can relate it to hair care. You have to trim the dead and split ends, wash and condition it in order to grow out healthy. And it doesn't happen overnight. In your case, the best thing that you can do is open a secured credit card. This may be offered wherever you do your banking. Here's some reasons why I say that:
1. They're the easiest to get because a deposit that's used as collateral is placed upfront. For example, if you deposit $200, then your limit is $200, and so on. There are some "unsecured" credit cards out there that offer low limits, but they charge outrageous fees before the card is even sent, at least with a secured card although you have to put money upfront, at some point later on, you get the deposit back. Also, it allows you to increase the credit line by adding to this deposit, which really helps your score because it creates a cushion between how much credit is used vs. how much credit is capable of being used.
2. There's no difference between the two. If you have bad credit, it very unlikely that you will even get approved for a credit card, let alone one with a high limit. With a secured card, you can "custom build" a high limit credit card. And one it's upgraded to a regular card, the leftover deposit is given back and could be used to start up an emergency fund or something else.
3. The deposit gives you an incentive to take care of your credit. Since you would have to put money up, it's certain that in order to get it back, you would take care of it the best way possible, right? Well, a secured card teaches you how to use it the right way, since you have something at stake.
Hopefully, this will help you out. Also, I posted several links to some secured card companies to help you build some credit. From my personal experience, Bank of America offers the best secured card overall. |
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Sally
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There is indeed a faster way and that is to get a second job and concentrate on paying the entire pay check toward the debt. Once paid off your scores will go up.
You SHOULDN'T be approved for anything else. Why do you want to run up more debt you struggle to pay? |
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