HOW can i improve my Credit?

Question

I have no credit cards. I have no loans outstanding. I do have a past chapter 13. Paying on al old accounts. So what else can I do to improve my credit..

Answer 1

The best way to shop for a credit card is to divide them into categories. There are seven categories that all major credit cards fall into, click below for more info:
http://credit-cards.ebookorama.com

Answer 2

If you can get a credit card, use it to pay a bill then pay the credit card off the next day. This shows use of your card and you don't pay any interest. The problem comes if you don't have any discipline. If you don't have any loans, get one and set up a direct deposit to pay it off.
Unfortunately the only way to improve your credit is to keep getting credit and never ever being late.
While it's not what you asked for, I would say don't worry about your credit. Unless you really need it for a loan, having good credit generally means paying a lot of interest. The trick with the credit card I mentioned above is the only way I know to improve your credit without paying interest.

Answer 3

Do you have any assets? I know you can/t answer me.
If you even have a car, paid in full, any jewlery of high value, or can obtain a co-signer...
Do this, faithfully. Try to get a loan, you'll probably need collateral as above. Maybe a 90 day note, payble in 90 days.

DO NOT spend that money. Even if it's $100.00 or more.
Place it in the bank. On the date the note is due, pay it off. Bear in mind this will entail a reasonable interest charge to pay. You will know how much that is.

Wait for a time, 30-60 days. Make another loan, you may still need collateral. Do it, and follow the above suggestions.

Pay that off again with the interest, DO NOT pay early, on time only.

Do this several times. I guarantee that each time you pay the note and interest, your credit will improve. In a very short time, you will be able to do this without collateral, and obtain a credit card for some minimal amount. Use restraint and pay on time.

Answer 4

get a secured card with a reputable place, not those scamsters who charge you not only an application fee, but an annual fee and maintenance fees. Once you get that card, use it like an AmEx. Charge small amounts and pay the whole balance before the next due date. Do that religiously for at least a year, and you may get a small increase in your FICO score. If that chapter 13 is less than 5 years old, it will be very hard to do any unsecured credit. Credit takes time to rebuild.

Answer 5

You need a special credit rebuilder credit card.

It is called a "secured" credit card because it is attached to your bank account.

http://www.usbank.com/cgi_w/cfm/creditcards/secured/usb_secured_card.cfm

The U.S. Bank Secured Visa ® Card -
All you need to do is send the bank a cashier's check, a certified check, or a money order with your credit card application (from $300 to $5,000) to open a savings account. Then, once you're approved, they will send you a credit card. Your credit line will be the same amount as your deposit. It looks and works just like any other credit card when you use it at a restaurant or store.

Your deposit is used to open a savings account which assures your credit card can be paid. The money in your savings account is there to "secure" your credit line. The money in your savings account is FDIC insured and won't be touched as long as you make all of your credit card payments on time and your account remains open. Plus, you will earn interest on the money in your savings account.

Your purchases are billed to you each month. Payments are not automatically deducted from your savings account. You are responsible for making at least your minimum payment by the due date each month.

Once you've demonstrated good credit habits with a secured card, you can qualify for a better card.

Answer 6

you have the domicile, this is a extensive value ticket merchandise wanting your credit. except you're making plans on buying a vehicle and financing it, or searching for a clean pastime the place they verify your credit i does not concern too lots approximately your credit. you will think of i'm nuts, yet once you may get to the place you in user-friendly terms have your loan and each thing else is a money-foundation for purchases, you will overlook all approximately your credit. the promoting hype approximately having a sturdy credit has developed into the variety you experience approximately your self, how others will look at you, and the variety you're as a individual. Who truly cares??? Like I mentioned, except you are going to purchase a vehicle interior the subsequent 6 months, artwork on paying off each and every thing however the domicile and spot how your score improves. attempt to no longer be late on money however.

Answer 7

The answer to this is easy. The only way you can improve your credit is if you have a cell phone or other types of ultilities like electrical even your bank account. If you are in good standing with these ultilities report them to each credit bearu. This will cost a bit of extra money but this is the sure way to improve your credit rating within time. So if you do have these things then get on to reporting them right away!!

Answer 8

Always pay all of your bills on time, do without other things but pay your bills, if you want good credit that is the way to get it, this counts for all your utility bills, too. Once you lose it , it's hard to earn it back, and do not have 2 or 3 credit cards, because I know from experience you can never pay them off, but something happened that I did pay off $ 30,000. worth I now have only one card & if I use it I always pay when the statement comes in. This is good advice, take it.

Answer 9

Get a secure credit card via your bank.

Make sure the max allowed on the credit card is kept reasonably low. (to where you can charge up to around 75% of the total line of credit). If you get increase letters, rip them up and keep it where you have it. You need to keep the credit card used at least 50-75% of the way. When you get your statement, pay it off in full every time.

Answer 10

you need to obtain some debt and paid if off on time, a car loan , or 1 credit card pay the credit card on time and also do not drop below 50% of your credit limit example if your credit limit is 1000 make sure you have 500 of credit on that card at all times. you have to prove that you can make payment timely.