What is the best way to fix your credit score? from No credit?

Answer 1

Hey there I've got 10 steps you can use to build your credit score. I raised mine to well over 700 points fro 500 using these steps:

# Know and Track Your Credit Score
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you

Read the full article here, it gives you an overview of credit scores, and the 10 steps in detail on page 2:
http://millionster.com/articles/debt/increase-fico-credit-score/

Answer 2

Skip out on the bottom feeders and go legit. Visit your local bank of America, bring 500 bucks with you and ask to open up a secured credit card.

This credit card will allow you to charge up to your 500.00 deposit and after 6 months to a year will be converted into a full credit card and your deposit will be refunded.

This is the best because:

A) Your building up credit with the knowledge you actually have real money at play. Keeps you a bit more "on top of the game" if your putting your money where your mouth is.

B) Gets you a "prime" card that won't be 29.9% from the getgo, won't have 199.00 annual fees, won't charge you 299.00 initiation, won't be its goal to keep you in the dumps.

Just remember because the card isn't a "high risk card" the potential is better - just don't abuse it. I've turned my 500.00 secured card into a 9,000 credit line and gone from 500 to 750+ on my credit scores.

Believe me - the bottom feeds are there to KEEP YOU THERE. Don't fall into the credit abyss, fall into credit BLISS and do things the best you can.

Check out creditboards.com/forums for a great credit builder/repair community.

Paying for credit and doing it right is *MUCH* cheaper than paying for years of agony with the low end feeders. BELIEVE me :)

Good luck and may you have the best credit in the world. Don't listen to the naysayers, you need credit and even if you don't use it will save you TONS when you need it. (cheap mortgage, 0% cars, low cost leases, low balance transfers, discount rates and a piece of mind!)

Answer 3

get a cell phone and pay the bill right on time bt dont run the bill up with text messages and running up minutes on it!
get a high interest credit card and keep the balance paid each billing cycle this means paying ALL the fees! make the card work for you even though you are getting a raw deal in interest if you keep the thing paid for a year then you can upgrade to a better card
get a jewelry loan from zales like a class ring or something like that. they will open an account for students just pay it right.!

Answer 4

We offer a credit repair kit for $280. But if you want to establish credit using credit cards and paying them off is a good start.

Answer 5

You don't have credit? Then I would suggest you get a credit card and only keep your balance at 2/3rds. Make your payments on time.

Answer 6

the old way is to take $1000.00 of your money and deposit it into your bank. Then take out a secured loan with the bank for the same amount and make payments for at least 6 months before paying it in full.
If you would like to learn more then visit http://www.thecreditrepairmanual.com

Answer 7

go to http://www.ex-ecutivedecisions.com they have a ebook that runs about 50 bucks that has all of the forms to repair your credit yourself

Answer 8

one way!! CASH AND CARRY AT ALL TIMES!! THAT IS ONLYWAY! if you a hve no credit, then forget about getting any! you will spend you whole life paying in cash!! hope you have good paying job!