 I am paying off my debts. Now what do I do to build up my credit?? ? |
| I have bad credit. I owed around $1400 in hospital bills. This week is my last week making payments. Starting next week, I will owe no money to anyone. Now what can I do to build up my credit? I ... |
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 Which is the best credit card to get these days? |
| I've started a new job and been told to use my own credit card for expenses. I want to keep it seperate from my own stuff. Where to start looking for the best?... |
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 Credit cards for teens? |
| Are there any credit cards for teens? I've already got a pre paid debit card which I pay for mjyself, but it doesn't help at all with my credit score. I have a steady source of income and ... |
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 Closing a credit card? |
| I have a few credit cards, 7 actually most of them i owe nothing on. they are the store ones, target, victoria secret, american eagle, old navy, kohls, jcpennys, and express. will it hurt my credit ... |
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 I want to get credit, how do i get a card? |
| I want to get a credit card to get credit. Of course every time i use it, im going to send the payment in THAT day so i don't do the opposite and ruin my credit. But im only 24, I don't own ... |
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 Serious!! pls advice? |
| can i be sue in court if i owe people money but i didn't sign any IOU. will i hav a crimminal record or will this affect my credit report??... |
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 Could i get this on ebay with a check? |
http://cgi.ebay.com/NEW-
i dont have my own checks with my name on it but i ... |
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 How do i prepare myself to get my first credit card? |
| i just turned 18 and have no credit and have never applied for a credit card because I was told if i applied for alot of credit cards and got denied it would lower my credit score. So what should i ... |
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 I have a £2K overdraft with Lloyds TSB which they want back by Nov 26th, 2007? |
| Hi, I have had an overdraft with Lloyds TSB for a few years now, totaling £2000. They now want to take it back on the 26th November, 2007. However, financially I am not able to pay it back right now ... |
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 Does any one know how i can get a loan i need to buy this trailer for my kids i need 5,000? |
| a fresh start for my family and I in a new town just what we need but we can't seem to come up with the money right now we can make a payment we just finished paying off his van 4 years of 450 a ... |
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 I got charged $130 for a couple roast beef sandwiches at Arby's, best way to get my money back? |
| I swear I'm really not that fat that my Arby's bill is 3 digits. I did go there (my card isnt stolen) but the charged amount is wrong.I called my credit card company and I have to mail in a ... |
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 Do u own a credit card? |
because at 28, i dont at all.
i still use cash. is that bad?... |
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 Getting a Credit Card under Sons social....? |
| I was wondering if anyone knows if you can get a credit card or any other type of credit under a person child's name and social if the child and one of the parents have the same exact name? Does ... |
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 How do the credit repair companies fix your credit? |
Iv'e heard they send letters but how can I learn aboutit to do this for myself and my friends and family?
only serious answers.... |
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 I am tired of interest charges being like a loan shark charges in the USA. Who agrees? |
Finance charges are so horrible in the USA. They will never go down.
Additional Details
For those who claim I am a dumb blond. I only owe for my home. 3 acres 4 bedrooms, 2 bath, Over 25... |
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KayB | What is the best way to get your credit score rating up? |
I went into my bank to get an upgrade of my card. They checked me out on their system then told me my score was a little too low and i could not have the card. Fair enough, but when i asked what my score was and how to make it good enough to qualify for the card they wouldn't tell me. why not? |
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grierGRIER h
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The following 5 critical factors affect your credit score in a major way. By knowing these you can keep a check on them and make your credit score a healthy one.
1. Re-payment history
This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score.
2. Outstanding debt
The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is
30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum.
3. Length of your established credit history
The time for which you have a credit history also matters. The longer your established credit history the more credit reporting agencies believe in you. This could be simply because of the fact that they have more data to analyze your financial position. Experts give it a 15% weight in determining your credit score. Read more from: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score |
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Daveyred
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Firstly, get on the voters roll. Not many lenders will touch you either prime or sub-prime if they can't trace where you have been. Secondly have a bank account that has a current account facility and STAY WITH THEM!! The more you keep swapping addresses, banks and jobs lowers your credit rating dramatically. If you have been in stable employment for 3 years, stable address and on voters for 3 years and been with the same bank for 3 years, your credit rating will improve dramitacally. Remember to keep up the repayments and always pay by DD as postal cheques take too long to clear and could show 1 down on Experian when you think you've paid it....
Hope this helps.
PS if you have a loan with Barclays it wont show on your credit report as they do all their own underwriting.... :) |
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Helper
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I recommend Chase if you are looking for a good credit card company. In order to build a positive credit score you need to pay your bills on time. |
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alatoruk
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you need to have a small amount of credit and never miss a payment, it drives your history up
applying for credit drives it down, so dont apply too often.
each lender uses their own criteria, so there is no "good score" or "bad score" (although bankruptcy tends to guarantee a no). |
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socalteacher
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here's some information that you might find helpful:
what makes up the score?
35% is payment history
30% is capacity, which means how much credit limit you have on your cards
15% is length of credit
10% is accumulation of debt in last 12-18 months
10% is mix of credit (installment vs. revolving)
here are some tips:
--closing credit card accounts can hurt your score because it lowers your available capacity, which is 30% of your score
--closing credit card accounts that are seasoned credit (meaning you've had them for a long time) can hurt your score because it shortens your length of credit, which is 15% of your score
--borrowing from finance companies can lower your score
--having too many credit cards is not good; usually 4 cards is enough
--balances on credit cards should be kept at lower than 50% of the credit limit
--don't close old credit card accounts even though they have a horrible rate and low credit limit; keep them just for your FICO score's sake, and just don't charge against them
--you can have your credit pulled as many times as you want within a 30-day period and it will only count as one inquiry
--you're entitled to one FREE credit report (does not include FICO score, though) from each of the three credit bureaus every 12 months; i've done it and it's legit; go to http://www.annualcreditreport.com
how to improve your score:
--pay down credit cards (that's obvious)
--don't close credit card accounts because capacity will decrease
--make payments on time (another obvious)
--slow down on opening new accounts
--have move revolving debt (credit card) to installment debt (fixed payments) |
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college_student
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you have to pay your credit cards off within 30 days. So you buy something, then 30 days later pay it off. Minimum payments don't fly. This is the only way to raise your credit score. Also, get a copy of your credit report and contact those creditors on it and either pay them off or make a settlement offer. It won't raise your credit score, but it will get them off your credit report. If you don't have credit cards there's obviously something bringing your score down, find out what it is and pay it off. |
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star
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You can visit http://www.cashguru.info and find very useful tips and several articles on credit related matters. |
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theanswerman
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It's not really their job to counsel you on the finer points of keeping your credit score up, although it would have been nice of them to. First of all you need a copy of your credit report and your credit score. You are entitled to a free one of these once a year. Just look on the web for the info. The basic rules of good credit are. Make your payments on time and don't exceed your income to debt ratio beyond 30%. Don't keep applying for new cards because everytime you're turned down you'll lower your credit score. After you pay off your exisisting cards don't close the account unless you're paying a yearly fee to use the card. Just cut the card up and keep the account open so you'll have available credit for your credit report. Look on the web for other tips...It takes time to build your score up but it's always good to. |
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hk
 |
despute every charge/claims all at once, during the investigation period, your score will jump up, giving you a 3-5 week period to buy or apply for a loan or whatever |
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reality
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Just go to creditcard.com and apply for a card with a different banks. You will get the card some ware else. Good Luck! |
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david a
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to raise credit score
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
4. I was told by an underwriter that having just two cards, a major credit card (VISA, MC) and a consumer card (Sears, best buy, etc...) is the best mix for revolving credit.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
------------------------------
http://www.bestcreditrates.net |
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jackie m
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Are you on the voters roll? - this lowers your rating if you are not on it. |
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seven
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Try to get any card you can, major credit card, store card etc. The trick is to pay it on time every month. You do this for a while and your credit will work it's way up, I did it this way.
You can then take out a loan but pay it off as soon as they allow you to do it (without any major penalties).
There are companies out there who make money off people wanting to know their credit details. If you google them, you'll see you can pay to get your history and advice on how to clear it. |
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