how can u get credit if u have a bad credit score?

Answer 1

There are several credit card companies (I know, but its an option) that will offer you a card with bad credit. Your limit will be low, probably $250 - $500. Just remember you are trying to rebuild your credit, so don't abuse the card. For instance, if you have the money to do your grocery shopping, use your card, keep the money aside, and pay the card out when the statement is ready. You can go on line for no fee and make the payment immediately. This will keep your card active and in good standing. Providian, Direct Merchants Bank and Orchard Bank have these programs available. Also, I went to my credit union and made a small loan to purchase my son's car. The $100 note is taken directly out of my checking account as a draw on the 15th of every month. It will be paid off in a month, after 3 years, but now I have a good credit profile with my bank.

After my divorce I was faced with this problem, I am slowly bringing my score up, but it takes a little time, patience and ALOT of self discipline.

Good Luck.

Answer 2

I would start by getting your full credit report (which you can get for free online) and finding out why your credit is bad. Sometimes if a company has reported something negative about you, you can call them and ask them to remove it--especially if you have paid them in full. It's also a good way to make sure there are no mistakes on your report. After that, you've just got to pay all your bills on time for several months, and your score should improve. If you have credit cards, you score improves if you pay more than the minimun payment each month, you pay on time, and there is a big gap between your balance and your limit. (The higher your limit the better.) Also, having a long-standing account is good, so don't go canceling your cards or applying for a bunch of new ones. And try not to have too many outside inquiries into your credit. Each review (unless it's by you) lowers your score a little.

Answer 3

To rebuild a bad credit score you have to pay penalties. I think after 7 years your bad credit is cleared. Ive heard that from my bank which I have a very good record with.

Answer 4

Some banks offer secured credit cards where you deposit some money into an account, say $300, and your credit limit matches what you have on deposit. It works just like a regular credit card but because the banks risk is minimal they're pretty easy to get.

Answer 5

The only way is to rebuild your credit.
Now i know that is easier said than done.
Try getting a savings account and just putting money in it, or try someone like capital one or vanquis for a credit card.
As long as you use it and pay a reasonable amount back each month it will build your credit score.

Answer 6

do you mean improve your credit? if so you have to keep paying bills on time and that improves your score.

I dont have the best credit score coz of my age but have still managed to get a loan and credit card at a reasonable rate. shop around on comparison websites. soething will come up!!!

Answer 7

You can probably still get it but will pay a high interest rate as you are high risk.

Answer 8

Pay your bills on time and in full.

Answer 9

lie your a** off!!!!!!