Build your credit
Steps to take to build your credit
Having a checking account is a must have.
1. Go to your local bank give them $500.00 or more for collateral, in return you receive a credit card with equal amount credit line. Or you can check out
Make sure it is a credit card and not a debit card.
Use the credit card to pay for things that you would usually pay with cash (Gas, Grocery etc...)
Pay the bill in full each month. If you need to keep a balance on the credit card, keep it under 40 % of the credit limit.
After 6-12 months of paying your credit card bill as agreed you should be able to get your Collateral money back.
2. Get a $1,000 12 month CD from your local bank, take it over to the loan department using the CD for collateral and get a loan for $1,000.
Pay the loan as agreed.
Any amount will work $200, $500, $1000, etc... to build you credit. However, most mortgage lenders look at trade lines of $1,000 or more.
3. Best way to build your credit: Pay all your bills on time, many people think it is not late if they pay before the late charge (the grace period), that is not true late is late.
Help build your credit, check out what most Mortgage Lenders look for in a loan request
Get your free credit report today.
Find what your looking for at the Loan-Credit-Guide on-site directory:
Quality websites, Arts, Job Opportunities , Health , Pets , Education , Advice , Gifts and more!
Add your URL link
Links to other sites, that you may find useful.
The consumer orientated Credit Card resource site! Let us help find the perfect Credit Cards for you!
Balance Transfer Offers At Credit Card Customer Care
A credit card balance transfer allows you to consolidate your credit card balances to one account. Access information about how they work and the drawbacks of doing balance transfers.
online match shopping, buying, credit card, discounts, rewards, best rates, wholesale,dating, personal, vacation, gifts, shopping center
Small Business Loan and Grant Guide
How to Raise Capital for Your New Business Without A Bank Loan.
Get bad credit help and advice here!
Bad credit happens to good people! But you're life doesn't have to be ruined because of it. We understand this because we've been there ourselves!