There is so much you don't tell us. Have you a bank account already? Electricity or phone bills in your own name paid up to date? Regular income?
My daughter asked her bank for a small loan £300 which she repaid over six weeks, just to establish a credit rating. She didn't need the loan, she can manage on her wages. She didn't have any utility bills in her own name, so them being up to date didn't benefit her, only the person named on the bill. She doesn't have a credit card either.
Now, if she needs a bigger loan, she knows she will get it because of her clean repayment record.
I am suggesting she join her local credit union, as any savings she puts there will increase her credit rating as well as give her another option for a future loan.
2007-08-04 13:40:02
·
answer #1
·
answered by bluebell 7
·
0⤊
0⤋
It is best to keep 3 active trade lines - like credit cards or a car payment or a mortgage - that report to the credit reporting agencies - charge on them frequently and ALWAYS pay them on time. In 6 to 12 months your credit rating should improve.
BBWCHATT
The old lady in Chattanooga, Tennessee, USA
2007-08-04 22:40:58
·
answer #2
·
answered by BBWCHATT 3
·
0⤊
0⤋
pay all your bills on time and getting a credit card wouldn't hurt just be sure to pay your balance in full each month.
2007-08-04 22:06:32
·
answer #3
·
answered by outlawimmortal2 2
·
0⤊
0⤋
Consider a credit card, or a co-signed loan?
2007-08-04 20:35:53
·
answer #4
·
answered by Anonymous
·
0⤊
0⤋
Pay your bills on time. It's just that simple.
2007-08-04 20:35:21
·
answer #5
·
answered by bdancer222 7
·
0⤊
0⤋
pay bills on time, never be late.
2007-08-04 20:36:55
·
answer #6
·
answered by Anonymous
·
0⤊
0⤋
pay your bills on time and never be late..
2007-08-04 20:53:49
·
answer #7
·
answered by shorty21 5
·
0⤊
0⤋