bad Credit?


bad credit
agarrison0104 asked:


Whats a good way of repairing the credit and improve his credit score?

This entry was posted on Wednesday, October 7th, 2009 at 12:00 am and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

8 Responses to “bad Credit?”

  1. nevyn55025 Says:
    October 10th, 2009 at 1:30 am

    Get credit cards or a loan. Pay them on time. nevyn55025

  2. question_ahoy Says:
    October 13th, 2009 at 12:43 pm

    Pay your bills. Get, but don’t use, higher limits. question_ahoy

  3. Billy Says:
    October 16th, 2009 at 11:51 pm

    If credit card companies won’t approve you for unsecured credit cards then apply for secured cards. There cars that you put money into and spend at your own discretion. Credit bureau’s can’t tell the difference and rate them all the same, and there much earlier to get approved for sense the card company has no chance of losing anything. Billy

  4. karrottopless Says:
    October 17th, 2009 at 8:07 pm

    If you have credit cards, do not just pay them of and close them, keep them open. The longer you have the accounts, the better it reflects on your credit. Keep an eye on your debt to income ratio. That is a biggie. You never want credit in excess of what you earn, lenders will think twice if they see that. And definitely don’t over charge your cards. Keep balances low or at zero. A good way to work on good credit is to after you pay your debt off, take one or two cards and put all of your monthly expenses on them, but at the same time, remove the money from your checking or savings account register so that way you can just pay the balance off every month, cause you set the money you charged aside. Just don’t have too many lines of credit open, but keep the cards that have been open the longest. And, one more thing. Never make late payments if you can avoid it. But, if you are in a bind, call your creditors. Tell them that you can pay some of what you owe, or can pay in full on a certain date, they will usually work with you. Good luck. karrottopless

  5. homeschoolmom Says:
    October 20th, 2009 at 4:41 am

    Forget credit cards- that’s probably what got you in this mess in the first place. Get a secured loan on a used car (think small, like $1000-2000). Then, make the payments on time.

    At the same time, put some cash into an emergency fund so you won’t have to use credit if something bad happens (this is an emergency fund, not an ‘I want it now’ fund - only for true emergencies). Bad things happen to everyone, but you CAN be prepared for when they do.

    If you feel you NEED the Visa/MC logo, get a check card attached to your checking account. That way, the money comes out right away - if you don’t have money in the account, you can’t afford it. Live below your means by NOT spending every penny you make.

    Older stuff on your credit report has less impact than newer stuff, so it just takes time to move that stuff into the past. Having large stores of cash ALWAYS looks good when you’re applying for a home loan, so SAVE, SAVE, SAVE! As a general rule, DON’T use credit to buy stuff that depreciates, only for things (like houses) that appreciate. homeschoolmom

  6. creditease Says:
    October 22nd, 2009 at 4:12 am

    Dispute all negative info from your credit file.If the OC or CA does not verify, it will be deleted. This should help.
    For more info click the link below. creditease

  7. resource man Says:
    October 25th, 2009 at 11:36 am

    resource man

  8. Joe Says:
    October 25th, 2009 at 1:30 pm

    Here are 3 websites that will discuss your credit rating and how to improve it. Some things can be done quickly, others take time. Beware of “non-profit” credit counseling services that offer to help you. Many of these are scams.(See the last link.) Your religious institution may be able to lead you to a local legitimate credit counseling service. Good luck! Joe

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