2007-07-25 12:01:29 · 10 answers · asked by mikeheise54521 1 in Business & Finance ➔ Personal Finance
If you have outstanding credit card bills that you have yet to pay, start paying them. Pay everything on time. If you're cards are in default, pay them off if possible or at least enough to show good faith. If you can pay them off entirely, wait 2 months then call them up and request to be taken out of default. Don't take no for an answer and threaten to cancel. I did that a few times and it worked every time. Once you look good on paper, then your credit is good enough. If you have anything older than 7 years demand it be taken off your report. The main thing is paying on time from now on and not borrowing more than you can repay.
2007-07-25 12:11:58 · answer #1 · answered by Anonymous · 1⤊ 0⤋
First, make sure all the information on your credit report is accurate.
Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.
Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.
Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.
Repairing your credit and improving your credit score is a slow process that takes time.
2007-07-25 19:22:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
3 ways I know of:
1.Get a secured credit card and use it monthly - $20 or $30 dollars a month. Make sure you pay in full on time.
2. Ask your parents or a relative to add you as a joint account holder on their credit card accounts. Fair Isaac no longer factors in authorized users in their scoring methodology, therefore you must be added as a joint account holder. Keep in mind that not many people with excellent or good credit are willing to take that risk.
3. Obtain a small secured loan from your bank. Hopefully you have some type of collateral.
Good Luck.
2007-07-25 19:18:01 · answer #3 · answered by michelep 1 · 0⤊ 0⤋
Ask someone who you trust, and perhaps more importantly that trusts you, to add you as an authorized user on an account that they have in good standing. One that has been open for a longer term is ideal. Once they do you will automaticallly receive credit for their good payment history. Be aware however, that this card that you're added to will show as debt on your credit report.
This is a pretty effective way to help boost your credit score...
2007-07-25 19:10:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Buy a car or house or something and make timely payments. You will build credit. If you pay a payment for utilities or any other bill that you pay regularly then you can get a reference letter from even your electric company.
2007-07-25 19:05:23 · answer #5 · answered by Just Bein' Me 6 · 0⤊ 0⤋
Get a gas credit card, pay it off in full on time every month.
Work your way up to store credit cards. Pay in full.
Go from there.
2007-07-25 19:04:16 · answer #6 · answered by Elizabeth G 1 · 0⤊ 0⤋
pay bills on time
Don't spend more than you can afford
If you can't pay off your credit card, then you don't need it
use a budget
2007-07-25 19:04:56 · answer #7 · answered by Fabian Figueroa 2 · 0⤊ 0⤋
1. Get on a budget and spend LESS than you earn.
2. Pay off your debts.
3. Forget you FICO score, you no longer need it.
2007-07-25 19:21:11 · answer #8 · answered by STEVEN F 7 · 0⤊ 0⤋
pay youre bills on time for six months
2007-07-25 19:04:08 · answer #9 · answered by Anonymous · 0⤊ 0⤋
pay your bills
2007-07-25 19:04:06 · answer #10 · answered by MISSY E 3 · 0⤊ 0⤋