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Make all your payments ON TIME EVERY TIME, only be using about 20-30 percent of your available credit at any given time. Keep credit inquiries (when you apply for a new card or loan) to a minimum and most importantly NEVER cosign with anyone unless you are 100 percent sure they are trust worthy.
What else can I help you with?
How does a good credit rating help individual?
It makes someone feel good about themselves.
What is the key purpose of credit rating agencies?
The key purpose of credit rating agencies is to assign a rating to businesses and entities that issue certain types of debt. These rating help to determine the credit worthiness of these establishments.
Are there services online to help me find my current credit score rating?
There are services online to help you find your current credit score rating. You can go to MyFico.com or www.experian.com/credit-education/basics.html.
What can be done to help someone get mortgages if they have bad credit?
It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.
Can you repair your credit rating?
yes you can but it requires help from proffesional like the ones i was lucky to find to help with my credit cutt.ly/DjrRxlm
How can one improve their credit rating with no credit cards?
The best way to improve one's credit rating is to pay all of one's bills on time. This is the biggest factor in determining a credit score. Paying off loans, such as mortgages and car loans, can also help one's credit rating.
If your credit rating is excellent will cancelling a store credit card after paying it off in full in the first billing cycle affect your credit rating?
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
How can I receive compensation for my damaged credit rating?
You can seek compensation for your damaged credit rating by filing a claim with the credit reporting agency responsible for the error or by hiring a credit repair company to help dispute and correct any inaccuracies on your credit report.
Will secured credit cards help improve your credit rating?
Sure! As long as they report to the credit bureaus and you pay them on time, they can definitely help your score. That is how a lot of people with damaged credit are able to help rebuild their credit. If someone's credit is so bad (350-500 credit score), typically no credit card company will extend credit to them, so they would not be able to build up their score. Secured credit cards are a great way to reduce a credit card company's risk when giving someone a credit card, while still allowing them to showcase their ability to make an on-time monthly payment and improve their credit!
Where can one get a free credit check?
A free credit check can be obtained at a debt counseling center. If you have bad credit, they can help you get back on track to raise or keep your credit rating with budgeting help.
How can someone get help with the consolidation of their personal loans?
You can get help with the consolidation of your personal loans by first, getting your credit report and FICO score. If your credit score reveals that you actually score quite well and have a reasonable credit rating, you may easily be able to consolidate loans at a lower rate, especially if your credit has improved since you got the loans.
Where can one get a home mortgage loan if they have a bad credit rating?
Places to get a mortgage loan if someone has a bad credit rating are Quicken Loans or Chase Bank. They can help if you have other means of good payment standings in things such as utility bills and rent paid by check or money order with the proper receipts.
