 Do I have too many cards open that may be hurting more credit score? |
| I have 2 credit cards that are activeted and1 that is not activated. The first card was activated 07/07. The 2nd 09/07 and the 3trd one is open (againts my wises) but not activated 10/07. I also have ... |
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 My remaining balance on my credit card? |
| remaining credit balance on my Banco De Oro Shop More credit card number 5125 7102 7540 5101... |
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 Can a collection agency look into your credit report without your consent? |
| This morning I found a new inquiry made by a collection agency. Is this legal?... |
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 My family used my credit card? Help! |
A sibling committed fraud in my name, with a credit card, over $10,000.
What are the consequences, if I report it, or decided to do nothing?
Please, answer seriously. I don't ... |
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 Credit Card Fraud? Please help!!? |
| Hello, I have been using godaddy.com for stuff a couple days. I have only purchased 2 items on godaddy.com, which was Hosting plan-1 year for $38(with 10% off) and $8 domain. I even have the receipt ... |
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 Job centre crisis loan? |
| Has anone had a crisis loan from the Job Centre? How much did you get? What are the terms of re-payment?... |
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 Can someone tell me the consequences of going bankrupt? |
| I'm in too much debt and unable to pay it all and can only see the way forward is bankruptcy, not sure on how to do it and i dont no the full consequences of doing this. can anyone help?... |
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| Free Credit Report? |
| I keep seeing the commercial on TV about freecreditreport.com, but then it asks for your credit card number for some kind of charge. How is that "FREE?" I will not give them my CC number ... |
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 How did someone get my credit card account number? |
| my credit card number has been used by someone. How do people get these? I have never ordered any thing online with this card, in fact I rarely use it.... |
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 I need a personal loan of $5000. My credit is bad. Don't want anything from overseas. Any ideas for me? |
Any type of loan will help. If needed, I can pay it back in a year. I just need the money for school and to fix my car. Like I said, I don't want anything from overseas.
Additional D... |
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| When approved for a credit card are you supposed to send in a payment for the card? |
they sent the letter stated i was approved and to send 34 dollars for the card to be sent to me...just making sure im supposed to
Additional Details
the bank is bank of ... |
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 Can a prepaid credit card help reestablish my credit? |
| I have paid off all my depts. What are some good ways to build up my credit again. My credit score is 576. I don't want to apply for loans because i am afraid of inquiries bringing my score down.... |
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 Credit card question!? |
| I applied for a credit card on the 4th of September, and the invitation said pre-approved. On the seventeenth I got a letter in the mail saying that my application had been approved and I would be ... |
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 Debit Card Disaster!,... HEEEEEEELP!? |
| ok, Here's the thing. While on vaccation My husband bought a ticket with is Visa Debit Card. The clerk made a mistake with the flightplan and told us she would cancel right away. Then she ... |
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 50 Point FICO score drop? |
| I just checked my FICO score (I am provided my score every month from my credit card company) and it dropped 50 points in one month. I haven't opened any new accounts, missed any payments or ... |
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 If I payed at least $5 on the two credit cards I have in collections would it help or hurt the card? |
| I have two credit cards in collections that I am trying SO hard to pay off. I want no debt! A lady suggested that even if I pay $5 it's still a payment, and they can't do anything more. Is ... |
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knight_corinne | I just graduted from college and I need to establish credit, I don't really want a credit card, what should I |
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Animal Friend
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I recommend the article below. She does mention a store credit card, as did someone else who answered your question, but if you use one of those be careful of annual fees and high interest rates department stores usually charge.
Pay all your bills on time!!! |
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whodean
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Some good answers above but consider getting a husband/wife or other relative to add you on as an authorized user onto one to three of their accounts that have been open for some time and that have never been paid late, its the easy way to establish credit. |
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Never_Cease_To_Be_Amazed
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I dunno, but check out two sources for some research and self-education. First, online, try Motley Fool - www.motleyfool.com - has lots of articles and advice concerning money, not just stocks. Second, get a copy (buy it, even) of Jane Bryant Quinn's "Making the Most of Your Money" - a big, fat book that is continually revised. Quinn was Washington Post financial columnist for a long time.
By the way - you're very smart to not want a credit card. If you ever do need to get one, pay it off monthly and don't go crazy. You seem like you have a good head on your shoulders (your question is good, as is your grammar), so you'll be fine. |
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northfulton39
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Lots of good advice already. If your goal in building credit is to eventually buy a home - which you should do as soon as possible - you should look at this from a lenders viewpoint.
"Good credit" means three accounts that have been open and active for at least 24 months. The advice to open an account, use it for two months and close it, is nonsense.
Traditional credit using three accounts might be 1) a student loan, 2) department store card and 3) an auto loan. Keep these payments as low as possible relative to your income and you'll develop a good traditional credit score.
You can also develop what lenders refer to as "alternative credit." This is fine but it limits the loan choices when you go to apply for a mortgage to only those first time homebuyer loans that allow "alt credit". As mentioned in some other answers, "alt credit" can be rent, car insurance, utilities or even proof that you make regular and steady deposits into a savings account.
If you don't want a credit card, I echo the suggestion above , get a JC Penney or Macy's card with a low limit, use it every now and again and make your payments on time.
Lots of choices - if you're starting off clean, you're ahead of the game. Good luck! |
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freak of nature
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get a credit card pay 2 payments on it and then cancel the credit card out and pay your bills on time |
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four4mom0522
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If you are renting a house or apartment, paying utilities or a cell phone - that is building your credit. When you go for a loan, get reference letters from your utility companies or your landlord stating that you have paid timely each month. |
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supermefb4
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You could try to open up a store credit card account.... they usually have low limits so you wont rack up a bill right away. Another option is to co-sign for a credit card with your parents, then you can share their credit for awhile. Also, taking out a car loan, or a student loan helps your credit. Hope this helps! (but too much is no good.)
And yes, a cell phone in your name will help. |
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steel
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sell your body |
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Devin
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There are credit building credit cards, im using one now from orchard bank, aside from that, put a cell phone in ur name, buy a car, ect.. anything where a credit check is needed will build ur credit, as long as you dont have bad credit, you do have credit, just prob not much |
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