How can I build/repair credit score in a reasonable way?

5 Comments

1. TaylorProud says:

   June 30, 2010 at 2:41 am

   Join your local credit union.
   Start a savings account.
   Put minimum $10 a week into it, and you can do this direct deposit. You can even start a christmas club account.
   Save regular for 90 days, then ask for a loan a small loan to pay off something or a car loan (5,000 or less)
   If you get a small 1-2000 dollar loan, deposit the money in your checking/savings account, pay the loan back out of that money. Regular and maybe more than the actual payments each month. (in the mean time you earn the interest on the money in the bank each month) pay off the loan with in 6-12 months. (unless it is a car loan, then just make regular payments on time) This will give you good credit with credit union, you can get their credit card, debit card and you score will go up.
   never charge more than 50% of your available credit on a credit card, and always keep a balance on there of $100.00
   make regular payment above the interest each month.
   ON TIME…
2. crazyjester9 says:

   June 30, 2010 at 2:55 am

   Of course you can!

   There are so many different ways to do it, I couldn’t begin to cover it here, so what I’m going to do is give you a couple links to my favorite site for credit issues.

   http://www.creditinfocenter.com/repair/

   http://www.creditinfocenter.com/rebuild/

   Good luck!
3. K365.25 says:

   June 30, 2010 at 3:07 am

   pay ur cards and or loans on time, and more than the minimum amount always, if u can pay way more, do it. if u havn’t already, start a budget and stick with it. in the meantime, cut out any expenses u don’t need or barley use, then the money u sav, apply it to ur debt. if u get the paper and dont’ read it, chuck it, even if it only saves u $10 a month. if u have a home and cell, the one u use the least, cut down to the bare minimum; no voicemail, call waiting, etc. when shopping for clothes, if u don’t love it, leave it, no matter how good a deal it is

   http://pinchallthosepennies.blogspot.com
4. Cris C says:

   June 30, 2010 at 3:49 am

   You can use credit repair agency, for example this one – http://creditreport.undonet.com
   They will clean lots of such bad stuff from your credit report – and do it much faster than yourself, so your credit will go up.
5. Credic J says:

   June 30, 2010 at 4:38 am

   Just keep paying off your cards on time, everytime. That’s the best way to build credit.

   http://www.buildcreditblog.com/credit-cards/how-to-build-credit-when-you-have-none