I've heard about Loans?
I've heard about billing phone bills, water bills, e.tc. on your credit card?
2007-08-20 11:41:26 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Use them and then pay them off.
I have most of my expenses billed to a credit card but I pay it off right away.
One rule of thumb is that you should never put something on a credit card if you would not have been able to pay cash.
2007-08-20 11:47:36 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋
Repairing the credit score is not that difficult provided you take these 5 simple steps into consideration.
1. Check your credit report regularly
This is a must to ensure that you know your current credit score, and what is ailing it. If there are any inconsistencies in your credit report get them corrected. Keeping bills of all the transactions you make can be very handy and helpful in correcting any errors in your credit report.
2. Get rid of those extra credit cards
The temptations to own a new credit card are so numerous in modern times that many of us end up with a purse-full of them without any real need. They stay there and cause a lot of problems in repayment. The confusion that comes with too many credit cards can easy lead to a missed payment and resulting penalties. Frequent defaults will reflect poorly on your credit score. So, keep only the necessary and discard the rest.
3. Repay on time
Every credit card transaction is a loan that has to be repaid on time with interest. Don't ever miss out on any repayment. If you are not able to make full payments, make half, or even the monthly minimum, but don't default. This will keep you in the good books of credit card company and help your credit score. If you are not able to pay anything to the credit card company, don't shy away from them, call them, explain your problem and work out things so that a negative report doesn't land up with the credit reporting agencies. Read more from: http://www.credit-card-gallery.com/article/239,Credit_score_repair_in_5_simple_steps
2007-08-20 22:09:38 · answer #2 · answered by alexa dion 3 · 0⤊ 0⤋
ONLY put your food and gas on a credit card. Don't take out a loan unless you have to. Use a credit card a couple times a month and pay it off in full on time all the time. As for getting a better financial future? contact Primerica Financial Services!
2007-08-20 11:47:28 · answer #3 · answered by justbeing84 1 · 0⤊ 0⤋
pay your bills on time
live within your income so you do not need to use credit cards
2007-08-21 09:13:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋