2006-07-01 01:48:41 · 7 answers · asked by jonissac1 1 in Business & Finance ➔ Credit
pay your bills on time, always.
If you have no credit, get a small credit card and pay it off in full each month - this will help you establish a credit history.
2006-07-01 01:53:09 · answer #1 · answered by Karenlee C 2 · 0⤊ 0⤋
Get your credit reports from the three agencies, Experian, Equifax and Trans Union -- you are allowed this information for FREE once a year. Go through the reports and dispute all items listed that are not true, older than five years or of which you are reasonably confidant they cannot produce your signature promising to pay. Dispute everything from faulty addresses to car loans. They have 30-days to investigate. If they do not respond to you within 30-days proving that the debt is valid, they must remove the entry by law. You can dispute online, on the telephone or in writing.
If a debt collector calls you, don't provide any information -- not your social security number, your current address, the name of your employer, your spouse's first name, NOTHING. Tell them, "Cease and desist" and hang up the phone.
While it is TRUE that having credit allows you to build credit, such as with the suggestion above of small credit purchases, it is also true that every application for credit is a negative hit on your credit score by itself. So, apply for and use credit sparingly.
Also, having the same address for over two years will improve your score, as will paying your utility bills on time in some states.
Remember never to buy on credit what you cannot pay for with cash.
You can begin the process of getting your reports and making disputes here: https://www.annualcreditreport.com/cra/index?currState=FL&ion=S
Sincerely hope this helps!
Daniel
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2006-07-01 02:04:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Paying bills on time. Buy small items on credit and pay them off early. Store credit cards have the highest rates. But you can recieve great credit scores from them.
2006-07-01 02:01:39 · answer #3 · answered by Kali_girl825 6 · 0⤊ 0⤋
Pay off your collections. Lower your credit card debt and close some accounts. It is best to have only one or 2 credit cards.
2006-07-01 01:51:21 · answer #4 · answered by worm 2 · 0⤊ 0⤋
pay all your bills on time and buy big items and pay them off before you buy another
2006-07-01 01:51:01 · answer #5 · answered by dee t 1 · 0⤊ 0⤋
pay bills on time
2006-07-01 01:50:55 · answer #6 · answered by island3girl 6 · 0⤊ 0⤋
There is some good advice here.
2006-07-01 02:20:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋