How to improve my credit scores for free?
gabriell caperton asked:
I have a debt of 897.00 on my credit score that has been paid already, I need to build my credit to buy a car my credit score is 550 and I’m not planning on getting a credit card to build my credit. How can I build my credit?
Robert
I have a debt of 897.00 on my credit score that has been paid already, I need to build my credit to buy a car my credit score is 550 and I’m not planning on getting a credit card to build my credit. How can I build my credit?
Robert
Tags: Build Car, Build Credit, Buy Car
August 20th, 2010 at 1:16 pm
Why don’t you want to get a credit card? A credit card is the easiest way to build a good credit history. You can get a basic card which costs nothing, and all you have to do is buy a few things a month and pay it back on time.
If your dead-set against that, you could apply for a small loan. Just store the money, then give it back when it’s due. But this costs money, because you’ll have to pay the interest. If you have phone bills, cable bills or whatever in your name, these will be going on your credit history as well. But as I said, the easiest and quickest way to build a good credit rating is with plastic.
August 23rd, 2010 at 2:43 pm
The best way to build your credit score is to pay your monthly debts (897.00) on time every month. Don’t get credit to build it.. as often this backfires. Work and save your money and having a nice hefty down payment on a car will often also convince creditors that you are less of a risk when borrowing because they are giving you less money.