2007-03-19 15:25:39 · 4 answers · asked by billy b 1 in Business & Finance ➔ Credit
get a credit card and only use 30% of the available credit and pay your bills on-time. start establishing some good marks on your credit report. pull your report yourself oline and see if you have any judgements or marks against you that are untrue then dispute them or pay them.
2007-03-19 15:30:37 · answer #1 · answered by Sundown 3 · 0⤊ 0⤋
"Buiilding credit can be done in many ways. If you are disappointed at your loan application being turned down, it is mainly because of absence of credit history. You should learn how to do build your credit.
Do not buy unnecessary items. If you are looking to build credit start spending properly.
If you see any errors in your bills or credit, reports, contact the concerned persons immediately.
If you have purchased an item using your your credit card that later turned out to be defective or gave poor service, then you need not pay the charges.But you have to dispute the charges with the parties that were responsible for the act."
2007-03-20 00:41:04 · answer #2 · answered by stone m 2 · 0⤊ 0⤋
The following is how the 3 major credit reporting companies decide your credit worthiness.
35% - Payment History
30% - Outstanding debt
15% - Credit history
10% - Very new history and inquiries to your credit report
10% - Mix of credit like, car loans, mortgages, credit cards etc....
So based on this you really have to be on time paying bills inorder to prove that you can be trusted to pay a loan back.
Good luck !
2007-03-19 15:38:50 · answer #3 · answered by Mz Bee 3 · 0⤊ 0⤋
Pay credit card bills on time, student loans on time...basically use credit and pay it off reasonably.
2007-03-19 15:28:52 · answer #4 · answered by Jonathan N 1 · 0⤊ 0⤋