credit repair
Date: Sun, 04/26/2009 - 20:16
You can try going for one secured credit card. Depending on the
You can try going for one secured credit card. Depending on the secured card program, many will report each payment to the credit bureaus, and it will be listed as a crest card (and not secured) so you should be getting offers for new credit after 6 months of good payments. Your score is also highly determined by credit to income ration, so be careful you do not extend yourself out too far. Probably no more than 2 cards should be ok...
I learn me lesson hard way and I do not think at this point I ne
I learn me lesson hard way and I do not think at this point I need or want credit card at all, if there is any reason I want to have CC is because sometime I need to pay online or over the phone and it is more secured to use for such purchases CC then debit card from checking account, so honestly I do not want or need CC now. I have as I mentioned mortgage and car loan at this time no other debts I'm just thinking in advanced 1-2 years from now when let's say get new car loan how in best posible way to repair my credit, if 2 years from now I will have still only mortgage and paid off loan car at that time but no credit cards at all for past 2 years where I should expect my credit to be? if that's making any difference since credit to income was mentioned my income is about $120k + and my mortgage payment does represents about 30% of my income, so question is do I need to apply for new cards to show that I'm good payee again or is mortgage payment history and car loan enough to be back in 700-800 range again?
Yeah, that should work, especially at 30% of your income, that w
Yeah, that should work, especially at 30% of your income, that would free up quite a chunk of discretionary funds so I am not surprised that you would not want to tie all that up in 20-30% interest credit cards....
"http://www.myfico.com/crediteducation/WhatsInYourScore.aspx"
Excellent!
I agree with ChrysHenderson because over extending myself was a
I agree with ChrysHenderson because over extending myself was a major downfall for my credit scores. I really messed up by getting too many cards. I do have one secured card and I think it is helping. I use it to buy very small things every month like a couple snacks and they always report regardless of how much I spend.
