2007-03-22 12:08:47 · 7 answers · asked by milo2angel 2 in Business & Finance ➔ Credit
call the fannie mae foundation. theyll give free credit cousling. theyll tell you what your credit score is and how to improve it. Once you know whats on your credit report youll have a better knowlage on how to improve it. My husband had a horrible credit score. Turns out there was something on his credit report that should have came off years ago (It was paid off) and for some reason never did. All we had to do was right a letter saying remove it and with in 60 days his credit score jumped like 20 pts.
2007-03-22 14:45:38 · answer #1 · answered by dancingqueen_grace 1 · 0⤊ 0⤋
TIME. I speak from personal experience. It wasn't easy @ first, but you'll have long term benefits.
1. Avoid getting credit cards to rebuild your credit. They only make matters worse. If you need to have a "credit card" get a reloadable debit card which can be used as a credit card and this way you spend what you've loaded to the card.
2. Pay off what you can.. Try the smaller amounts first then use the additional $$$ to tackle the larger creditors.
BTW, most stores take atm cards (w/o the Visa or Mastercard logo), and this way you can monitor your spending.
Good Luck!!!
2007-03-22 19:34:23 · answer #2 · answered by Tinka 2 · 1⤊ 0⤋
Open up a CD at a bank and borrow against it. Everybody qualifies for it because it is 100% secured. You can make monthly installment payments and it gets reported to the credit bureaus. Every bank has different parameters, but you can usually borrow 90% of the CD's value with a term the same as the length of the CD. Or open up a secured credit card or find a qualified co-signer.
SW
2007-03-22 20:44:59 · answer #3 · answered by URADA 2 · 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. "
2007-03-23 07:56:05 · answer #4 · answered by stone m 2 · 0⤊ 0⤋
making sure that you pay your credit cards on time, paying the minimum or more. Paying that in one lumpsome, meaning all at once. Not using more than one card and racking up the amounts.
2007-03-22 20:55:58 · answer #5 · answered by Nattiedred 3 · 0⤊ 0⤋
Stay out of debt and don't worry about your credit rating.
2007-03-22 20:17:41 · answer #6 · answered by STEVEN F 7 · 0⤊ 1⤋
http://www.squidoo.com/building-business-credit/
There are helpful blurbs in that site that could hopefully help you.
Goodluck!
2007-03-23 12:56:25 · answer #7 · answered by Optimizer 1 · 0⤊ 0⤋