 How can I get or build my credit? |
I'm 18. I have a checkings and savings account at Wells Fargo.
I want to build my credit. I worked full time this past summer at an amusement park and now since I'm a full time college ... |
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 If a wife signed a form without husbands knowledge is this classed as fraud? |
| a wife signed a form to remortgage their house without husband eing aware,... |
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 Should I make this purchase? |
| I've just finally established enough credit and now have a credit card...Should I make any purchases like furnishings or go for something of lesser price?... |
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 Is your ATM pin number on your card? |
| Paypal asked me for my ATM pin #. Is the pin # on my card?... |
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 Advice about being ripped off by a bank? |
| My wife is being ripped off by Nationwide Bank. About a year ago she needed to use her overdraft facility which she had used on many occasions prior to this. She went about £20 overdrawn. The bank ... |
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 How can I repair my credit? I had some health problems in 1999, lost job so got behind on my credit card bills |
| I had alot of health problems in late 1999 and it caused me to be unable to work for some time. As a result I was unable to keep my bills current. At the time I was only 19 years old. I didn't ... |
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 Old Credit Card Debt? |
| I recently received a letter from the court requesting that I pay my outstanding credit card debt from a few years ago. A couple of days later, I received a call from a Lawyer demanding that I pay ... |
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 Debt consolidation? |
| I have many credit cards and bills I can't keep track of them all. Are there any companies I can call that would lower my payments and combine them all into one payment? Are they free because I ... |
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 Is there an easier way for me to pay off my credit card debt? |
| ok, I'm only 20 by the way, but I did have 8 cards before I canceled 1 not too long ago, the limits start from $300 and go up to $1700 at my highest and I only bring in $650 a month for now, I�... |
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 How can i fix my credit? |
| ok one day i whent to my bank and tried to get a credit card and i just graduated from high school well they wouldnt let me because they said i had bad credit well i was thinking well i have never ... |
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 1. I'm trying to fix my credit.I'm making car payments on my vehicle but it is under my sisters name.? |
| I still owe about $9,000.00 on it.what can I do to get credit for making my ontime payments.? My credit score is low and I want to build it ... |
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 Which is better? One credit card with $10,000 or two cards totaling $10,000? |
Additional Details
The limit on one card is $20,000 with a 4% rate right now. The limit of the other is $7,500 with 0% rate. Which is better for my credti score?... |
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stacey r | Is it true about credit? |
i have just been told by my dad the age u are the credit goes up im 18 now and have got a bad credit will it improve in the years |
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*~STEVIE~* *~B~*
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It will only improve if you pay up. Don`t buy on credit, you end up paying half as much again. |
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shan p
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you dont need credit cards, so dont bother getting one, it will get you in more debt, iv lived with out it for over 23 years |
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Sugarshots
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The only way your credit can improve is if you get rid of what is causing it to be bad. Debt/unpaid bills. Pay off everything and always pay all your bills in full and on time and it will improve as you show that you are respondsible. If you just hope it goes away, or think that time will make it better thats just not going to work. Credit is the proof you can give to people who are lending money that you will pay it back. Bad credit can force you to miss out on a lot of things, sometimes you can't even get a new cellphone because some companies require credit checks now. |
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natalie
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yes,also if you vote,it helps if you are on the electoral role! have not to many job and address changes, and make sure you pay bills on time! your credit score will get better. |
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Here's Lulu
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no... but I wish it were by now I'd be able to borrow a fortune. The only thing about credit I've learned is that you can only get it if you're rich enough not to need it! |
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P.I.
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You can repair your credit by not repeating your mistakes and pay off your debts even if it is just 5.00 a month no matter how much you owe it will show you are doing some thing to fix it . |
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zeldieuk2002
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i'm 26 i have no bad credit as i refuse to have a credit card. I have seen so many of my friends in debt, one even went bankrupt by the age of 21!
Only you can control your spending. If you have a credit card and the repayments are hard to keep up with, have a word with your bank to see if they can help lower the repayment costs. |
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gskotarides
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Your credit doesn't just get better. You need to stop charging things you can't afford, and settle any debts you owe. Even if you can't pay all of the debt it is good to call the companies you owe and ask them if you can settle for less. Eventually if you keep your credit clean by paying bills on time, and not running up charge cards, or getting too many loans your credit scores will improve. This may help you to read:
http://inspiredgrowth.org/cleancredit.htm |
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STEVEN F
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Age itself is not part of your credit score. Any factors affected by the length of time something has been on your report tend to have longer histories as you age. |
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calliope320
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Your credit score will go up with time IF you're doing the right things with your credit.
For example, I have "sub prime" credit because I haven't had credit very long. My husband doesn't exist, because he's never had credit at all. Five years from now, my score will be higher than it currently is, and his score will continue to not exist.
If you're 18 now and you owe something and don't pay it, 5 years from now your score will be lower. If you pay it, have credit open and always make your payments on time, then it'll go up.
Good luck! |
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SPIFIMAN1
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Your credit score is made up of the following;
1. Payment history 35%
2. Time in bureau 15%
3. New credit 10%
4. Type of credit used 10%
5. Debt to income ratio 30%
As you can see 1,2 & 5 are the most important score wise. Now at 18 you obviously are not going to have any payment history or time in bureau these only come with time and you just turned legal age to sign a contract.
Most young people get their credit established by either a co-signed loan usually with one of their parents or by getting a secured credit card.
Either way, make your payments on time and if you go the credit card route, never exceed 30% of your limit in one month and pay it off in full every month. This will get around paying any interest and build your credit quickly. |
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lily_evie
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If you are only 18 and have bad credit now please work hard to get yourself out of it!!!! I presume you have no dependants and no real expenditure??? Believe me you will regret it in a few years when you have a family. But you won't.....you will do the same as i did and learn by my mistakes!
lenders take all different factors into account when assessing an application for credit but the way that you have run your existing accounts will be the deciding factor.
Hope this helps |
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lisa h
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no i wudn say soo!! |
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mini digger driver
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life has many twists who knows |
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