2007-03-22 09:42:41 · 11 answers · asked by NINA J 1 in Business & Finance ➔ Credit
you have to pay the bills that you have on time and never be late and always pay more than the minimum on credit cards, or car or house loans . Even if it $5.00 Do not apply for more credit as that goes against you.
2007-03-22 09:46:34 · answer #1 · answered by Shelly t 6 · 0⤊ 0⤋
All you can do is pay your bills on time, every time and in full-- AT LEAST.
If you pay more than the minimum payment, that goes on your report too so if your minimum is $47, pay $50.
Give your bills about 10 days from the time you mail them til the due date to be positive they are on time.
Close unnecessary accounts once you pay them off. Too much available credit is not good either.
Finally, monitor your credit.
You can get free credit report at annualcreditreport.com (you have to pay for the score, however). But there are 3 agencies; TransUnion, EquiFax and Experian which each will provide one free report per year. Get one quarterly by asking a different agency everytime.
2007-03-22 09:56:25 · answer #2 · answered by bernel1403 5 · 0⤊ 0⤋
If you want to build your credit back a good thing to do is to get a share secured loan. Meaning you use savings and turn that into a loan that gets reported to fix your credit. Most banks will do this kind of loan because there is no risk involved for them. Shop around and see what you can find.
2007-03-22 10:15:14 · answer #3 · answered by Jill J 3 · 0⤊ 0⤋
Building a good credit can be done in various ways. If you are fed up of the collectors tirelessly chasing you to pay your debts or if you are disappointed at your loan application being turned down, because of absence of credit history, you should learn how to do build your credit. The most important thing to remember is not to buy unnecessary items. Do not convert your ‘want’ into ‘need’, as it can drag you deeper in debt. If you are looking to build credit and do not have any history, set your priorities properly.
2007-03-23 01:31:01 · answer #4 · answered by hendy h 2 · 0⤊ 0⤋
Why do you have bad credit? Did you have things go to collections? Do you have to much debt? Have you pulled your credit report? First you need to get all your bills up to date. No late payments, second you need to pay off any debt you may have. Credit cards/loans ect. But if it's bad because you had stuff go to collections this is harder. That stuff stays on your credit report for 7 years, the only way to get it off is by convincing the person who sent you to collections to write a letter getting it removed. (Most places will not do this.) Last tip learn to budget your money.
2007-03-22 09:48:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you have no credit (I can not see your credit being bad at 19) I would suggest going to http://www.bad-credit-credit-card-for-people-with-bad-credit.info/ where they supply a free list off finance companies that issue credit to people with bad to no credit. I would apply for one or two cards and when you get them, make your payments on-time to establish a credit history
2007-03-22 10:07:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The best way to get a good credit rating is to borrow money and pay it back on time.
2007-03-22 09:46:36 · answer #7 · answered by Sax Player 5 · 0⤊ 0⤋
wow, your only 19 and your credit is already bad, then use cash only and pay off your bills..
Be careful u don't want to be in debt for ever
2007-03-22 09:50:45 · answer #8 · answered by shorty21 5 · 0⤊ 0⤋
Sorry but you haven't told us what you did to get bad credit. Please list everything then we can help you with your problem.
2007-03-22 09:46:38 · answer #9 · answered by looking4answers 4 · 0⤊ 0⤋
Live within your income (or figure out how to get more income). Pay off what you owe.
Good luck.
2007-03-22 09:46:36 · answer #10 · answered by Judy 7 · 0⤊ 0⤋