Are there better ways to improve your credit score besides a secured credit card?
I'm trying to improve my credit score(530) and am going to get a Bank of America secured credit card. It has a $29 annual fee and a 20% APR. Is there another proactive way to dramatically improve my score without having to face such high interest rates? btw, I havw already dealt with my bad credit past. I'm looking for things to build my credit, not fix it. thanks!
Public Comments
- Build credit with bank account or two or three but its take about a year....meaning gaining interest and showing creditor that your are serious and you can save. i'm in the same situation...but im getting there
- you wouldnt have to face the high APR if you dont carry a balance. pay off the bills right away instead of doing the minimums. this will help your credit go up as well.
- having a contract mobile phone (cellphone) can also be helpful as your monthly payments to this will show up on your credit score. I managed to get a contract phone when I had a bad credit score, and I think this helped improve my rating.
- hi, been collecting good reads on improving my credit and this resource is my best pick for you hope you find them very useful too! have a super day and goodluck
