 What's a good way to build credit? |
| I would like to build credit so I can take out a loan. I don't have any credit now, and I found a house I'm interested in, so i need to build some credit as fast as possible. Any ... |
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 I just got a letter? |
from the bank saying I got to pay £28 maintenance fee
anyone know what thats ... |
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 A question about my car loan? |
| I purchased a car last year august with bad credit and now have a high intrest of 23%. how long should i wait to try and refinance. my credit is really not any better ... |
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 How long does it take for a negative mark on your credit report to drop off? |
| I had a great credit score until there was a mix up with a cable service that I cancelled but still billed for. I now have (2) derogatory items on my report. I am in the process of disputing this ... |
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 My 1st credit card? |
| how and where can i get one? im 23 and have always just used my debit card. as for my credit i had a few problems a couple years ago but have but have been good for about a year. what is the best way ... |
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 Ex-fiance co-signed car loan (I own car & make ALL pmts) & now wants name off loan-who's responsible to remove |
| Car is in both names (registration) but insured in my name. I have been the sole driver of the car since purchasing it. I have made ALL payments. Ex does not want his name associated with loan. H... |
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 Need to pay a debt by tomorrow or else i have to go to court.? |
| Hi i live in CO and have a collector demanding i pay a discover card i owe 3k on from 1999 when my husband just left me, i could not pay it. This collector is giving me an option to pay 1500 now and ... |
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 Accepting payment from a possible stolen credit card...? |
| Ok, I sold an item on Ebay and it went to someone living in Africa. They have a negative 1 feedback score and someone from the "UK" footed the bill on their credit card in my paypal ... |
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 $40,000 in credit card debt and can't pay..any solutions? |
| My husband and I are in over our heads and we have a baby on the way. We are barely making minimum payments now and we have called to lower interest rates etc. and they are pretty low. My husband ... |
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 My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast? |
| We need to close on the loan by Feb. 1st. We are selling our house and paying off our debt with the proceeds from our sale. Will this raise our score? Would it be better to pay off credit cards (... |
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 I need a loan i have bad credit? |
| i am in australia and i have collecters chasing me for 12oo dollars will any company help me i am disabled . i own a car to put up for security is there any companies that will ... |
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 How can I get rid of a lot of debt? |
| Okay I have seriously screwed myself over with stupid decisions and I need serious help. I have... I think 4 credit cards that have been maxed out for months and owe about $8,000-$9,000 (my last ... |
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dusty8940 | I don't have much credit, how can I build it? |
I am 26 and finnally starting to grow up, I had a couple unpaid collections probably totalling $500, other than that I have never paid for anything on credit. Now I have a pretty good job and I want to start thinking about buying a home/condo, and also I am going to need a new car soon and I'm really tierd of driving junk so I would like to get a loan for that as well, I would be interested in 1st time home buyer info, and credi building/car loan info. Thanks |
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nlc934eva
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you can start by getting a credit card that has a small amount limit if your afraid of getting into debt, and then you'll have to make your payments on time to get credit and keep it balanced or else you'll get bad credit. Then once you feel comfortable using a credit card you can increase the balance and even get a couple more if you like, just make sure to make your payments on time. |
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nalla
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first check your credit report and know your fica score before venturing into any home/car loans. Second make sure your 500 dollar debt is paid. If it's longer the 7 years dispute it. Then, open secure line of credit at your bank, use it and wait 6 months. Sometimes mortgage companies want you to have 2-3 trade lines. This means credit. After doing the above, watch your fica score. Then, attempt a small loan at your bank 5-700 or apply for a visa. No more than that. It will increase your debt to credit ratio. I hope this helps a little. |
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Mildred S
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i think you are doing the right thing . i would try to settle the small debts that are outstanding. as a condition of the settlement you could ask that they remove / agree not to report it. they may or may not accept it . nothing wrong in asking. if you do not want to pay the outstanding balances cause they are not legite or any other reason, then you can expect to write a letter of explanation when you buy a home. the lender may or may not ask you to settle the debt then. outstanding debts can be a risk in terms of future liens against the house which the lender will not want to take any chances on. the house loan is easier to get than the car loan. to keep building your score you have to use credit. consider paying for your groceries / household bills with credit cards and then pay off the balances in full each month. this will look like you are using the credit more ... you just do not want to get into more debt / make partial payments. not sure the order of your goals , but sometimes , lenders tell you that you should buy the house first and then after the closing buy the new car. your debt to income ration will look much better if you do not have a car loan to factor against your monthly income . consequently , by not having a car payment for four years, you will appear to be a better credit risk. please don't be tempted to overspend . be conservative and smart with your money. it can take years to fix / pay for mistakes. good lluck. |
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Marissa Di
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This isn't a direct answer, although it does help in home buying to have on your credit report. Get a department store credit card, and use it a few times. Don't let the balance get over $300. Pay it off, as soon as you can. Pay it off in full every month. You only need it three months before it shows great on your credit report. this is one way.
For the car, get 0%APR which is a lot less payment in interest. You may have to wait for a certain month, actually a certain week, when this is offered, although if you have good credit, you can take advantage of this. It saves thousands of dollars, instead of $400 to $1000 off sticker price because they assign a high interest rate, and you've saved nothing. |
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nadia_merhai
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Hi. I worked with several people on establishing and rebuilding their credit and your case seems to be an easy one. First things first, you need to get a copy of your credit report and make sure that there is nothing there that you cannot verify. Next, if you do have unpaid balances or charge off's, call the companies up right away (make sure you have all related information such as your account numbers, old addresses, etc.,) and bargain with them on your payoff or scheduling payments monthly. As far as a credit card is concerned your best bet for now is a secured bank card. Most banks have programs that allow you to open up a credit card with them if you open a secured savings account to cover the cost if you end up not paying. It's not a bad deal and with time (typically 6 months to a year,) you will be able to apply for unsecured credit cards with better interest rates and perks. Keep in mind that building a positive credit report in order to buy a car or house will take at least 1 to 2 years with good payment habits. Get your credit score and try your best to use this advice to up your score into the upper 600's to 700. Try not to keep applying to various sources as each time there is an inquiry to your credit it lowers your score. Good luck! |
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Nothingusefullearnedinschool
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There are so many options: acquire a credit card that you pay for in advance; buy a car from any of the dealers that "guarantee" you a loan and pay it off; borrow from a bank at a high rate of interest and pay the loan in full early, etc.
Once you start, you will have to fight them off. |
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jackiewilliam1970
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Here are some basic steps on repairing and rebuilding credit.
First, make sure all the information on your credit report is accurate.
Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.
Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.
Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card. |
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Della G
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You can bye comodities or any other things with your credit cards and pay the bills on time. Or you can consult with a credit reparing company. Visit the credit section .
To know more you can visit
http://www.hstrial-tgeorge1.homestead.com
and
http://www.debtconsolidationmanagement.blogspot.com |
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moyemrick
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Apply for a credit card, request a small loan for a purchase of computer equipment or something of that nature, or maybe even financing a car. Basically, you want to have this in your name. You can also try to piggy back on the good credit of some of your family members like your parents or siblings. You have to be a co-signer and with that, your credit will improve dramatically within a few months. I did this for my sister. She declared bankruptcy and have a ton of delinquencies. She was able to piggy back off of my credit, and now has a 716, up from a 504. |
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