how do u repair your credit?
how would i repair my credit, i`m trying to open up a tack store and would like to get a credit card.
Public Comments
- buy small things on credit and make payments on time?
- whats a tack store? make all your bills in full on time...need utilites..rent..cell phone in your name. get credit card under someone else that pays their bill on time..pay all medical bills on time...it takes awhile.
- 1. Think of credit cards as the modern day loan shark. Their money is not your money, and it comes with a heavy price. 2. Pay off all your debts on prior cards. Until then, they own you by keeping you from fulfilling your dreams (i.e. opening a store). 3. Live by your means. Only charge what you can pay off in two months time under normal circumstances. You may not be financially ready to open a store. Save up for this big event and don't rely entirely on credit - If you do, your business is doomed for failure due to the pressure you placed on yourself by living beyond your means. 4. Best wishes and good luck!
- To Repair credit score Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.bestcreditrates.net
- pay off your bills and dont request more credit. inquiries so many dont look good.
- In order to build up credit and establish a good credit, you must show a number of stabilizing attributes. Most notably, your report must prove to the lender that he will get his money back. Here are some suggestions: I've bookmarked this site... http://www.safelinked.info/jump.php?link=debt Best of luck.
