How can I fix my credit score?? **NO SCAMMERS OR I WILL REPORT YOU**?

I had a lot of credit cards when I turned 18 (regreted it) and I did a debt consolidation program (CareOneCredit); I was able to afford min payments, but I wanted one payment and to just pay them off. I figured that program would help. I didn’t realize it was a debt management program and would make my credit bad. I currently have no credit cards, but I do still have a car payment. I tried applying for a credit card now that it has been 3 years of me paying (I am not 23) and know better than to charge everything, I just want to build my credit but I am getting denied. How else can I build it.

***NO SCAMMERS OR BUY A CREDIT REPORT OR ANY OF THAT GARBAGE – I will report you if you send me a scam***

How much does this affect my credit score? So If I have had four credit cards for about...
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Sat, Jul 31, 2010

Fix My Credit, Improve Credit Score

6 Responses to “How can I fix my credit score?? **NO SCAMMERS OR I WILL REPORT YOU**?”

Striving for Honesty Says:
July 31st, 2010 at 4:16 pm

A couple of things that were told to me years ago were to put a few hundred in a savings account, and borrow that amount – that way there is a credit history with the bank/credit union, and they have collateral.

If you have ONE secured charge card (again something backed by a cd or savings account) once or twice a year make a charge then pay it off – even if it is to charge something (ie jewelry) and to return it – it shows activity and payment.

Make certain you’re current on your car payment and keep your debt/income ratio in check. That’s about all I know to do.

Chris A Says:
July 31st, 2010 at 4:16 pm

It’s a slog, but read this, and refer to the other two links for your credit reports and the relevant statute.

StephenWeinstein Says:
July 31st, 2010 at 4:16 pm

First, if you are being denied, then you need to stop applying, immediately. Every application hurts your credit (although not as much as some of the other things you mentioned).

Second, you cannot fix a credit score. Credit scores cannot be fixed. The only thing that you can do is to wait, for several years, without applying for credit, for it to fix itself.

Gennie Chan Says:
July 31st, 2010 at 4:16 pm

The key to repairing bad credit is to write a properly formatted letter of dispute to one or all of the credit bureaus and send them out via registered mail.

Chique Says:
July 31st, 2010 at 4:16 pm

This article was written by Gail Vaz-Oxlade, a financial expert. You can navigate her website and read her blog to find out more financial information, if you’d like.

Steps to Re-Build Your Credit

The first thing you should do is get a copy of your credit report for free by writing to either of Canada’s two major credit reporting bureaus:

•Equifax Canada Inc. Equifax Canada Inc. Consumer Relations Department, PO Box 190 Jean Talon Station, Montréal Quebec H1S 2Z2, Telephone: 514-493-2314, Toll-free: 1-800-465-7166, Fax: 514-355-8502, consumer.relations@equifax.com, http://www.equifax.ca

•Trans Union TransUnion Canada – Consumer Relations, 709 Main Street West, PO Box 338, LCD 1, Hamilton Ontario L8L 7W2, Telephone: 905-525-0262, Toll-free: 1-800-663-9980, http://www.tuc.ca

If you ask to see your report by mail there is no charge. But you may be charged to view your info online.

Next, you’ve got to get busy rebuilding your credit history. Start small and build a history that shows you are responsible by paying your bills in full and on time.

Since “assets” are a good indicator of your credit personality – if you have some you’re a better risk – set up a savings account and start stashing some money away. Since you need to be doing some long-term planning, both a retirement account and an emergency fund are a good idea. Remember, you can start small. Just START.

Setting up services in your name will also help re-establish your credit ID. Get telephone, cable and utility services in your name. Because you have a crappy credit history, you may need to provide a security deposit. Once you’ve proven your payment track record, you can ask for the deposit back and throw it in your emergency fund.

Now it’s time to apply for a secured credit card. Ask your bank how it works. Usually you need to leave on deposit one-and-a-half to two times the credit limit. So to get a credit card with a $500 limit, you will need to put $1,000 on deposit with the credit card company or bank. You can get your deposit back after between six months and a year. Make sure you know how long this is (it varies) so you can plan how you’ll reallocate that money (to retirement savings or your emergency fund).

Gas or department store credit cards are often easier to get and can be good ways to re-establish credit. You MUST pay your bills in full and on time because the interest rates on these cards are often astronomical. As long as you don’t miss a repayment – which you never will again, right? – it makes no difference what the interest rate is. Use these cards wisely and they can be a great toe-hold back into credit.

Once you’re on your way, it’s time to get your first new installment loan. A retirement savings loan is the perfect way to do this since this loan, while not officially collateralized, might as well be. What it does mean is the interest rate won’t be horrendous. Only borrow as much as you can afford to repay in six months. Don’t let them talk you into more. Then, once the six months are up, use the amount you were using to repay the loan as your month retirement savings contribution. Now you’ve gone from catching up to being proactive about saving and you’ve helped your credit history too.

I’m not sure I should have to remind anyone at this point, but you MUST BE LIVING ON A BALANCED BUDGET! All the work in repairing your credit history will be for naught if you start spending more money than you make. And you MUST build an emergency fund, so that what happened the last time – something like an illness pushing you to credit – doesn’t happen again.

admin Says:
August 2nd, 2010 at 6:55 pm

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Striving for Honesty Says:
July 31st, 2010 at 4:16 pm
A couple of things that were told to me years ago were to put a few hundred in a savings account, and borrow that amount – that way there is a credit history with the bank/credit union, and they have collateral.

If you have ONE secured charge card (again something backed by a cd or savings account) once or twice a year make a charge then pay it off – even if it is to charge something (ie jewelry) and to return it – it shows activity and payment.

Make certain you’re current on your car payment and keep your debt/income ratio in check. That’s about all I know to do.
Chris A Says:
July 31st, 2010 at 4:16 pm
It’s a slog, but read this, and refer to the other two links for your credit reports and the relevant statute.
StephenWeinstein Says:
July 31st, 2010 at 4:16 pm
First, if you are being denied, then you need to stop applying, immediately. Every application hurts your credit (although not as much as some of the other things you mentioned).

Second, you cannot fix a credit score. Credit scores cannot be fixed. The only thing that you can do is to wait, for several years, without applying for credit, for it to fix itself.
Gennie Chan Says:
July 31st, 2010 at 4:16 pm
The key to repairing bad credit is to write a properly formatted letter of dispute to one or all of the credit bureaus and send them out via registered mail.
Chique Says:
July 31st, 2010 at 4:16 pm
This article was written by Gail Vaz-Oxlade, a financial expert. You can navigate her website and read her blog to find out more financial information, if you’d like.

Steps to Re-Build Your Credit

The first thing you should do is get a copy of your credit report for free by writing to either of Canada’s two major credit reporting bureaus:

•Equifax Canada Inc. Equifax Canada Inc. Consumer Relations Department, PO Box 190 Jean Talon Station, Montréal Quebec H1S 2Z2, Telephone: 514-493-2314, Toll-free: 1-800-465-7166, Fax: 514-355-8502, consumer.relations@equifax.com, http://www.equifax.ca

•Trans Union TransUnion Canada – Consumer Relations, 709 Main Street West, PO Box 338, LCD 1, Hamilton Ontario L8L 7W2, Telephone: 905-525-0262, Toll-free: 1-800-663-9980, http://www.tuc.ca

If you ask to see your report by mail there is no charge. But you may be charged to view your info online.

Next, you’ve got to get busy rebuilding your credit history. Start small and build a history that shows you are responsible by paying your bills in full and on time.

Since “assets” are a good indicator of your credit personality – if you have some you’re a better risk – set up a savings account and start stashing some money away. Since you need to be doing some long-term planning, both a retirement account and an emergency fund are a good idea. Remember, you can start small. Just START.

Setting up services in your name will also help re-establish your credit ID. Get telephone, cable and utility services in your name. Because you have a crappy credit history, you may need to provide a security deposit. Once you’ve proven your payment track record, you can ask for the deposit back and throw it in your emergency fund.

Now it’s time to apply for a secured credit card. Ask your bank how it works. Usually you need to leave on deposit one-and-a-half to two times the credit limit. So to get a credit card with a $500 limit, you will need to put $1,000 on deposit with the credit card company or bank. You can get your deposit back after between six months and a year. Make sure you know how long this is (it varies) so you can plan how you’ll reallocate that money (to retirement savings or your emergency fund).

Gas or department store credit cards are often easier to get and can be good ways to re-establish credit. You MUST pay your bills in full and on time because the interest rates on these cards are often astronomical. As long as you don’t miss a repayment – which you never will again, right? – it makes no difference what the interest rate is. Use these cards wisely and they can be a great toe-hold back into credit.

Once you’re on your way, it’s time to get your first new installment loan. A retirement savings loan is the perfect way to do this since this loan, while not officially collateralized, might as well be. What it does mean is the interest rate won’t be horrendous. Only borrow as much as you can afford to repay in six months. Don’t let them talk you into more. Then, once the six months are up, use the amount you were using to repay the loan as your month retirement savings contribution. Now you’ve gone from catching up to being proactive about saving and you’ve helped your credit history too.

I’m not sure I should have to remind anyone at this point, but you MUST BE LIVING ON A BALANCED BUDGET! All the work in repairing your credit history will be for naught if you start spending more money than you make. And you MUST build an emergency fund, so that what happened the last time – something like an illness pushing you to credit – doesn’t happen again.
admin Says:
August 2nd, 2010 at 6:55 pm
Please help support our sponsors
Click on their ads, they are legit and can give you free expert advice
They will give you a free evaluation
Please visit my other sites

http://www.howtostophairloss.net

http://www.ultimatehairlosstips.com

http://www.high-technology-market.com