Cyndie
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The best way would be to charge an amount on your card each month that you KNOW you will be able to pay in full and then pay that amount off each and every month before it's due date. Be careful, though...it is SO easy to overspend and have a credit card get out of hand. I would say a year of good credit would give you a basis but it would be up to where ever you are getting a car loan from to determine what is enough. Good luck! |
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g_tastyfish
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Put it in a cup of water and then put the cup in the freezer |
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Social Misfit
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One good piece of information is to not allow your balance to exceed 50% of your available credit. Creditors like to see low debt to available credit ratios. |
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fizzygurrl1980
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Seriously- best thing to do is charge a small, easily manageable amount, like $50 for groceries, on it every month, and then when you get the bill, don't pay it off entirely. Leave a small balance on there, like maybe $15 or $20. Credit bureaus tend to reward this type of credit card use with higher scores because it shows that you are able to manage your debt, and that you are responsible with your card but you actually use it! This is a big deal because your credit won't do anything at all if you just let your card sit there and don't use it. Also, if you were to pay the balance off every month, your credit score would climb, but interestingly, it wouldn't climb as fast as if you leave a small balance on the card, because the bureaus are looking to reward people who aren't afraid to use their cards a little bit. The credit scoring system is actually a complicated mathematical formula that is known only by bureau insiders, and it is not known exactly which behaviors cause credit scores to increase, but this method I'm telling you has been tested and proven to work. Just don't do what I did and max them out and not be able to pay them back!!! : ) |
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Jennifer G
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In addition to all the comments of using it monthly and paying the bill each month, never use more than 50% of the available limit. For instance if your credit limit is $1000 dont ever have more than $500 charged at one time. |
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CALI GIRL
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I you use your credit card with in the first 60 days and pay your monthly payments on time with in the next 5 statements your credit card holder should increase your spending power. |
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David
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Use the card just a little and pay it off completely and by the due date, but do not carry a balance over to the next month. A bank will want to see your activity for 6 months before they label you credit worthy. The card can also ruin your credit, so be smart. |
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George K
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Pay in full each month.That way you don't pay interest,and your score will rise more quickly.You could try for a car loan in about a year.But try to be on your job for a year,and keep your bills aether very low are paid in full. |
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?
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pay your bill in full each month, just put enough on that you can afford and your credit rating will go up. not a quick fix mind itll take 6 month so be patient. |
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vanessamustteach
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be careful with credit card debt!!!! Pay the entire bill every month. your credit score rises when you pay your bills on time and have a low to no balance on your credit card. it took me about a year to raise my credit 90 points. |
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!!SNIPER!!
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never make just the minimum payment in fact depending on your finances if you can make the initial payment on time then in 2 weeks send in another payment, repeat this process until it is paid off. thats what i did i had a credit score of 500 i used this process and in 8 months i was up to a credit score of 718 good enuff for a low interest loan or major credit cards |
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Big Bear
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Pay it off every month in full. You should probably wait a year or two before getting the car loan. |
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Scully1212
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Don't ever be late on a payment, don't ever go over your credit limit and don't start opening other new cards at the same time. Try and pay more than the minimum payment if you can. If possible try and pay off your balance every month. Just be careful and don't get over your head in multiple credit cards -believe me...I did this in college... |
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§eeker
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about a year. as long as you pay off your credit card balance every month you should be ok. |
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cloothe
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The way to increase your credit score is to use the card and then pay off the bill EARLY. If payment is due on the 15th of the month, pay it so that it is *received* by the 10th or 12th.
It usually takes about 90 to 180 days for your good credit history to show up in your score. But it may come more quickly than that.
Good luck!!! |
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triviatm
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You might consider making one or two smaller purchases ( a couple hundred dollars, maybe) and then paying them off promptly and on time. The credit card company will then see that you're responsible and determined, and be willling to lend you more. |
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Midge
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Well nothing is going to happen for at least 6 months. Just charge small amounts and pay it regularly on time |
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traffic814
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Always pay the whole thing off, as the interest rates are too hight.
------------------------------...
http://www.bestcreditrates.net |
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kittiesandsparklelythings
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buy something cheap every month, like a pair of shoes or a sandwich or something. Dont use it again for the rest of the month. Pay it off each month.
I keep mine locked in a drawr except for on the first of every month. It works. |
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no n
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pay it on time every time. i dont think you can do it any faster |
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Linda D
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Pay more than the minimum or pay it off completely. People are looking for a history of your 'on-time payments' - not that you had a balance for a short amount of time and paid the balance in full. People use credit reports to find out if you're a good risk or not. The credit reports show your payment history and that proves to others if they want to take a risk with you or not. If you haven't had a credit card for very long then it may take a few years to build the history others are looking for. The best thing you can do (if you've only had a c.c. for a short time) is to have a 'co-sitgner'. You may be able to locate an auto sales lot where you can obtain an auto loan but the shorter c.c. history you have the higher interest rate you will pay. |
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MiaDiva28
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dont spend too much, pay your balance on time and pay more than the minimum if you can. |
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