Other than buying a car
2006-06-27 12:38:51 · 13 answers · asked by Vonicatripod 3 in Business & Finance ➔ Personal Finance
Alot of people feel that buying a car is the way to go. I'm going to disagree. Most people who buy a car have to get financed. Yes after you pay the car off and if you pay ALL the bills on time you will have better credit. But the part that is no good about this is that the duration of the time you have a loan for several years that does come up on your credit. I think the first answer you got was actually a better idea than buying a car and that soudns ridiculous.
Instead of paying your minimum balance on your credit cards, pay a little more each time. See what happens. Good Luck!
2006-06-27 15:15:12 · answer #1 · answered by Rachel A 2 · 0⤊ 1⤋
Buying a car won't do anything for your credit. You need credit to get the car at most places anyway (it can even be considered debt since you'd be responsible for payments which would therefore take away from the money you already have, leaving you with less for other things).
But anyway, if you already have some credit cards, make sure they are all paid off entirely, then use one or two of them (with the lowest APRs and balances) each month, but only spend as much as you know you can afford. Try to keep it to a minimum though, and as soon as the bill comes, pay it off in full. Don't just pay the minimum. Doing that for a couple months or a year can do wonders for your credit score. If you don't have credit card(s) already, apply for a Secured Credit Card (like from Orchard Bank - www.orchardbank.com) or a Student Card like from Mastercard. Do the same thing, pay them all off in full as soon as possible. Show that you are responsible with your money and your credit will be fine.
Good luck!
2006-06-27 19:42:01 · answer #2 · answered by chica_zarca 6 · 0⤊ 0⤋
do this:
go to a bank deposit 450
get a loan against that 450 from the bank. Pay this back in one month
Now go to another bank repeat the process.
Finally do this one last time. once you have paid back the bank loans from all three banks you should have TRIPLE A credit
2006-06-27 19:40:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
go to orchardbank.com and get a secured card
make 300 of purchases on the card then PAY IT OFF
that will go on ALL 3 agencies and raise your score about 35-45 pts
2006-06-27 20:12:20 · answer #4 · answered by Scanless1999 3 · 0⤊ 0⤋
honestly, try and consolidate through a credit union or a bank or through a service, get a lower payment and pay it off the best you can. until you have not alot left
2006-06-27 19:43:01 · answer #5 · answered by futurehero5200 5 · 0⤊ 0⤋
Pay off all your debts. And put about 5 grand in the bank.
2006-06-27 19:41:53 · answer #6 · answered by ? 6 · 0⤊ 0⤋
pay off any out standing bills and don't max out your credit or debit cards. if you pay off your highest debts and keep them paid up you should be able to establish good credit again.
2006-06-27 19:45:56 · answer #7 · answered by wildernessfox 2 · 0⤊ 0⤋
pay atleast the minimum payment on time every month for 6 months straight.
2006-06-27 19:41:59 · answer #8 · answered by steven p 3 · 0⤊ 0⤋
there is no quick way. Its like growing up a flower, you forget to water it and the flower dies, you have to wait for next spring to see that flower again.
2006-06-27 19:42:14 · answer #9 · answered by NONAME 5 · 0⤊ 0⤋
Pay your bills on time. Pay more than the minimium also.
LC
2006-06-27 21:58:25 · answer #10 · answered by littlebit 5 · 0⤊ 0⤋