I have less than perfect credit?

Question

i made mistakes when i was younger getting a credit card at 18 with no job, now that i'm older have a good job and good income nobody trusts me with credit.......is there anywhere i can go or due to try to fix me poor credit.....?

Answer 1

Have somebody co-sign on a small loan.

Answer 2

You said you have a good income. Make a small loan at your bank using your savings as collateral. Make the payments on time each month. As soon as you pay it off, do the same thing again with maybe a larger amount. This will help you establish good credit. Check your credit report to make sure that it is correct. Dispute anything that is incorrect. Apply for a dept store credit card (they are usually easier to get than a visa or MC). Pay it off every month. Within 6-12 months you'll have established positive credit accounts that will improve your overall score and eventually the bad credit records will come off of your report. It will take some time but you didn't get bad credit overnight so don't expect it to be fixed that way.

Answer 3

You should try getting a secured credit card and a small secured loan through a bank or credit union. This is where you let them freeze money, then give you that amount back in cash (for a loan) or give you a card with that amount as a credit limit (for a card) and you pay it back slowly. The money unfreezes once you've paid off your loan or when you graduate to an unsecured credit card.

This is the best way to build your credit back up and can yeild very nice results in as little as a year.

Answer 4

There are ways to rebuild this. You probably should start with a secured card. There are multiple banks that will give you these because it requires a savings account be deposited with them as collateral. After 6 months you will have the rating you need and should start seeing card offers.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

Answer 5

Follow the advice from previous answers. But I can use more info.

What is the status of that last card? Defaulted and charged off? Or just late payments? How long ago was this?

You may want to try getting this knocked off your credit report by trying to dispute it. See the link below for info on how to do that.

Don't expect any real quick fixes. It's going to take several months, but if you only have this one bad item on your report, you will overcome it.

Answer 6

You could get a secured credit card first and use it for six months. Then try to get a loan or a new credit card. It worked for me.

Answer 7

Get a "secured credit card".GO TO THE BANK!!!!
You use your own money to get "secured credit card"minimum amount is $300.00.
Use it as a regular credit card.Pay EVERYTHING on time(and in full if you can afford it).Within a year your score will go up,you will be able to get a regular credit card and you will get your initial deposit back(with intr.)
Good Luck

Answer 8

Start with getting a copy of your credit report. Look at what items are hurting your credit the most and start with those items.

Answer 9

Something you can do to help your credit is to get a gas card, that will help build your credit up.

Answer 10

get a secured credit card, pay it off every month, so you establish good credit over time

Answer 11

welcome to the American way.
get a smaller card, like Sears or something that you won't be tempted to use all the time, buy something when you have the money to pay it off and pay it off before the statement due date passes. if you slowly do that enough and work your way up to a few smaller cards you'll be ok after a while.

good luck!