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Let me tell u this is a good question and I am the 1 who had my fico score go from 565 to 703. U first have to get your credit pulled from the three companys Transunion,Equifax and Experian.After this is done then u can start your new credit line by applying for a cheap credit card one that u have a credit limit of $200-500 then just pay on that. Remember don't be late on any payments,Or your credit score will go down.After about 6months the will increase your credit limit.Then u will get more applications in the mail from other credit companys.Thats the way u start ur credit. Just remember if u pay off the credit limit in 1 yr.Then go to another company they will almost give u the max for that card.Hope this was helpful to u good luck.

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โˆ™ 2005-08-23 23:47:20
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Q: How does new credit work?
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Related Questions

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How does credit card balance transfer in an office work?

Credit card balance transfers are essentially when a credit card holder starts a new credit card to pay off whatever debts and charges the owner may have on the old credit card. The charges from the old credit card get transferred to the new credit card and a grace period occurs which is basically a lower interest rate at the beginning of the transfer. It is safe but only if the person makes sure to read the details the new credit card company has regarding the transfer.

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To get a loan on a new car after declaring bankruptcy, you have to wait until you can rebuild your credit. You can rebuild your credit in as little as 2-3 years if you work at it and start out by building up your credit with small things.

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Which business credit cards applications work great for a small business that is new to the industry?

There are several copanies that can help you get your business credit going. I would check out the information at

Where can one find out exactly how credit cards work?

One can find our more information about how credit cards work by visiting your local bank or credit card issuer and asking for information pamphlets about credit and credit cards.

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Yes. Any new credit account or loan will effect your rating.

Why was I denied when applying for a new business credit card?

Some of the reasons include: partial application, you sent in an unfilled application. Another reason would be low credit score, unpaid debt. limited credit history or work experience.

What are the store hours for transunion credit in New York City?

Transunion does not have a storefront in New York City. It is a credit rating agency that deals with credit scores and credit requests from mortgage companies and credit card companies.

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There are many people that work for the Franklin Mint Federal Credit Union. There are about five hundred people that work for the Franklin Mint Federal Credit Union.

How can I receive guaranteed approval on a new credit card?

Guaranteed approval on a new credit card depends on the customer who is applying for the credit cards credit rating. Many credit card companies will lend you money with high interest rates if your credit is not good.

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When was New England Federal Credit Union created?

New England Federal Credit Union was created in 1961.

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You can but it won't work. You don't get to trick someone into a contract.

Do Credit Unions provide services for Document Management?

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