I need to boost my credit score.

[Sammich]

how do i go about doing this? i've paid off my credit card and about the only MAJOR thing that i have on my credit now is my car loan. of course i have the rent and light bill in my name, but those dont have THAT much impact on the credit score. what measures can i take to boost my score up?

[Blitanicle99]

Get more than one credit card and pay it off each month in full.

Also, how is your car loan done? Is a car loan on your credit? Or do you have the amount of money you owe on a credit card?

In technicall terms you are not supposed to take a credit card to pay off a car payment, but it when the your credit jumps up nicely. My buddy who is a member here, is 20 years old and just payed his M3 off onto one of his credit cards and has better credit than both his parents. :yes:

I plan on doing the same soon.

[Kevykev]

Search MOFO, i posted up info in threads before!

I'm to lazy to REPOST!

Paying off monthly does help exponentially.

I just wanted to use that word!

[JennB]

I hope you have a really low APR on your credit card to even consider such a thing. My car loan is well under 5% but credit cards with a rate that low for more than just an introductory period are not easy to find. You could use a 0% balance transfer offer but those are temporary. It could work with a 0% transfer and a low enough balance to pay it off before the 0% period ends.

Also, rent and electricity have impact on your score.

The best thing to do would be to use your current credit card. Use it on things that you buy every month, not frivolous things, and pay it off every month. One of the best things for your credit is time. Have too many brand new accounts is bad while having a couple of long term accounts is a huge help.

[Motivation]

go charge something really expensive to your credit card. Take it back a few days later and have them credit it back. The credit card company looks at it as a payment... some old guy I work with said he done that a few times. said it helped a little. how much longer you have on your car loan? once that is gone, your credit should go up quite a bit...

[Sammich]

go charge something really expensive to your credit card. Take it back a few days later and have them credit it back. The credit card company looks at it as a payment... some old guy I work with said he done that a few times. said it helped a little. how much longer you have on your car loan? once that is gone, your credit should go up quite a bit...

well i've had this car loan for like 2months so far. my other car was stolen and i had that car for 11 months exactly and about the 12th month the insurance paid off the rest, then i started this new loan. i'm almost done with credit cards although i have been thinking about getting an american express and just putting it in my drawer at home so i wont have a tendency to pull it out and use it. i dont want to go about doing the 'pay off the car with the credit card routine.' having that credit card i had already stressed me out even thought i only had a limit of $1000.


The best thing to do would be to use your current credit card. Use it on things that you buy every month, not frivolous things, and pay it off every month. One of the best things for your credit is time. Have too many brand new accounts is bad while having a couple of long term accounts is a huge help.

well i already paid off and canceled that credit card, because the company sucked in all avenues, so as far as using my current credit card, i dont think that's an option.

[Nissan Sean]

PAY YO BILLS ON TIME FOOL!!!!!!!!!!!!.

[Sammich]

^^this n*gga

i said boost not maintain

[Nissan Sean]

i was just jokin, but the way you were talkin about your electricity bills, kinda sounded like you werent payin them on time.

[JennB]

You should always leave cards open and just don't use them... unless there is an annual fee. Having an open card increases your time of having credit history.

Unfortunately, a credit card is one of the few ways to build your score. Student loans, a mortgage, those are others but not as easy.

[Sammich]

electricity and rent and car payments are being made on time. when i first got the CC i was young dumb and full of cum...now i need to get back on my grind and get ish straight. so i paid off that credit card even thought i know that me making payments on it instead of paying off all at once woulda done me much better. i mean i made two big payments on the card to pay it off

[Sammich]

You should always leave cards open and just don't use them... unless there is an annual fee. Having an open card increases your time of having credit history.

Unfortunately, a credit card is one of the few ways to build your score. Student loans, a mortgage, those are others but not as easy.

so lets say that i get an american express card..and i dont use it...i can build my credit?:thinking: i WOULD have to put it in use am i right?

[JennB]

It would help some but it will help far more if you use it, even just a little. Plus, sometimes cards are closed if you never use them at all.

[Sammich]

i just dont want to get caught up like i did before u know what i'm saying? i mean right now i need tires for my truck..its actually a need...either 16" or 18" tires...either way i need tires cuz the 16s will probably show wires in about 8k miles.

i understand small things and pay it off...i guess ill have to get to that...

[lilmanx01]

actually it will still help your credit if you got lets an AMEX or some credit card and just put it away in a drawer for about three months and then pulled it out and started using it.

the thing is that you don't want to have to open many accounts at once because that will hurt you. but if you do open one with AMEX leave the card alone for 3 months than start using it. Do your best to pay it off every month because that is HUGE! if for any reason you end up stacking up a balance on a card it should never be more than 50% of its maximum credit line. for instance if you have a $1000 do not leave more than a $500 balance on that card.

[lilmanx01]

oh and also try not to close accounts if you do not need to. closing accounts can hurt your credit score. its better to just leave them alone

[Kevykev]

PBS - PM me if you need more info, you can even call.

I've helped people clear up their credit in the past and present. I know a good bit about it.

No charge :D !

[Sammich]

pm sent..and i'm thinkin about gettin a AMEXpress card

[blaknoize]

Whatever boy. As long as u have "revolving credit" and pay ontime and usually do not pay ur things off before say... 3 months ur points increase. And not owning to many things on credit also effect it (so I've been told) I mean... in the 7 months I've had credit my score started at 680 somethin and is now 731 and I believe its still rising.

Just keep ur outstanding balance at roughly 1/3 the amount of ur total credit line and it always works. And I kno I didnt answer any questions, but I didnt read nothin.

[blaknoize]

actually it will still help your credit if you got lets an AMEX or some credit card and just put it away in a drawer for about three months and then pulled it out and started using it.

the thing is that you don't want to have to open many accounts at once because that will hurt you. but if you do open one with AMEX leave the card alone for 3 months than start using it. Do your best to pay it off every month because that is HUGE! if for any reason you end up stacking up a balance on a card it should never be more than 50% of its maximum credit line. for instance if you have a $1000 do not leave more than a $500 balance on that card.The lay over time doesnt really matter that much. I started with a ****ty store credit card then got me a AAA card from BankofAmerica. The same principle applies, just keep a nice amount (it doesnt have to be large) of revolving credit, though others know more about this than I do. And it will work in ur favor. Just pay for it and dont get credit happy and run that bish up.

[Sammich]

i may do the AMEX card...but i do know about not having more than 50% of the card's balance up

[JennB]

The way to build credit is to show responsibility with it. You will have to use it some to show that. I worked in finance for years. I've seen someone with a 710 need a cosigner on a car because despite the score, he had no history. One account, never used it. The bank asked for more.

Get a card, either pay it off in full every month or never go over 30% of your limit and with time, it will build your credit quite well.

[blaknoize]

If that was directed toward my reply, its 30% not 50%, thats what my aunt does and my other other aunt in Georgia and it obviously works. Unless u just cant help it. I only use my credit card to pay for car insurance and nothing more unless i just HAVE to.

[blaknoize]

The way to build credit is to show responsibility with it. You will have to use it some to show that. I worked in finance for years. I've seen someone with a 710 need a cosigner on a car because despite the score, he had no history. One account, never used it. The bank asked for more.

Get a card, either pay it off in full every month or never go over 30% of your limit and with time, it will build your credit quite well. LOL, thats tru to. I was gonna get me a new Civic once and I needed a co-signer for it cuz my history was so short. So I'ma wait awhile longer and try it again. AND DONT CHECK UR CREDIT ALL THE TIME, IT COSTS LIKE 3-15 POINTS DEPENDING UPON WHEN AND HOW OFTEN U CHECK IT.

[Sammich]

LOL, thats tru to. I was gonna get me a new Civic once and I needed a co-signer for it cuz my history was so short. So I'ma wait awhile longer and try it again. AND DONT CHECK UR CREDIT ALL THE TIME, IT COSTS LIKE 3-15 POINTS DEPENDING UPON WHEN AND HOW OFTEN U CHECK IT.

oh yea i know about pulling credit...fools tried to pull my credit when i went shopping for a car after my car got stolen...buncha jewz lol


The way to build credit is to show responsibility with it. You will have to use it some to show that. I worked in finance for years. I've seen someone with a 710 need a cosigner on a car because despite the score, he had no history. One account, never used it. The bank asked for more.

Get a card, either pay it off in full every month or never go over 30% of your limit and with time, it will build your credit quite well.

i always thought it was 50%...thanks for the insight..and i guess i could do the insurance thing also..:D ..or car payment...holy snipes...i got some ideas. thanks people

[JennB]

If you pull your credit directly through the credit bureau, like on the website for Equifax, Transunion or Experian, it does not effect your credit score at all. It only effects it when an outside company pulls your credit report.

If you use the annualcreditreport.com site, it does not hurt your credit and it's free.

I have been using a credit monitoring site for years. I can look at my reports and scores any time I want. It's about $16 a month but well worth it for the security.

[blaknoize]

This post is nice. :) I'm learnin a lil somethin myself Jenn thank u very much. But yes, its a 30% rule not 50%

[Sammich]

yea i'm aware of that, but i hated when everytime i went to a car lot they asked to pull my credit and i'm like no cuz i'm not even 50% sure if i want this or not..freakin leeches i swear

[blaknoize]

Then go to the lot knowing what u can and cannot get, if so convince ur family or whomever before hand to save urself some hassle. Or... just go to those lots that hate on u for having bad credit. Nevertheless yull get a car.

[Sammich]

Then go to the lot knowing what u can and cannot get, if so convince ur family or whomever before hand to save urself some hassle. Or... just go to those lots that hate on u for having bad credit. Nevertheless yull get a car.

wtf are you talking about? i go there searching trying to find a new car, i look in a car and they come out of the office asking my name then ask to pull my credit report...wtf are u talking about?:???:

[blaknoize]

I guess its different up here. IDK what I'm talkin bout, lol sorry, I was on my phone.

[JennB]

It's best to go with your own financing. I always have my finance lined up before buying a car so then I can focus on the price of the car, not the payment.

I used to work in auto finance, you wouldn't believe how easy it is to change rate, extend payment terms, all kinds of ways to get someone to pay a lot more for a car than they think they are paying. People focus too much on the payment and not enough on the actual price. People will say "I'll buy this if I can get it for $300 a month." Good job, you just gave the dealership a free reign to do anything they can to get as much as they can out of you for that payment. They will ask for more down, extend terms, anything.

[Sammich]

i already had my credit union ready for me to do the dance and make my selection. since my car was stolen they worked with me GREAT on everything, even on the last payment on my teg that was stolen. as soon as it was paid off..even before then, they said as soon as i found what i wanted, let them know and they will finance me. so yea i know what i was wanting to pay and when they told me the price i was like ehh...nope, thanks neway..then the jerks still tried to get me to give them info to pull my credit..jerks

[Kevykev]

People focus too much on the payment and not enough on the actual price. People will say "I'll buy this if I can get it for $300 a month." .


Truth was just spoken/typed!

[BanginJimmy]

if you think the major dealerships are bad, try places like drivetime. I was looking at a 2dr 2wd tahoe and they wouldnt even tell me a price on it until they ran my credit. After I was told them I was leaving or they were going to tell me the price they told me something retarded. I think they were asking like 9k for a 12yo truck with over 130k miles on it and it needed a paintjob.

[Sammich]

LIRL^^^

[Dracc]

away my pops helped me build my credit.. buy your wife jewerly and apply for a credit card with the jewerly store... pay on it every month.. more then the minimum payment and they report every month..

[Dracc]

if you think the major dealerships are bad, try places like drivetime. I was looking at a 2dr 2wd tahoe and they wouldnt even tell me a price on it until they ran my credit. After I was told them I was leaving or they were going to tell me the price they told me something retarded. I think they were asking like 9k for a 12yo truck with over 130k miles on it and it needed a paintjob.


I used to be a salesmen.. like i tell anyone... if you dont have good credit or alot of money to put down... like a couple grand.. do not.. i repeat.. DO NOT.. fucc with drive time... Drive.... book out... or buy here pay here... all NO NO's.... drive time.. if you dont hae your payment in the day its due by 5 pm the shut the car off... (ignition GPS) and you cant turn it over... if you tamper with it it shuts the cars computer system down... plus the intrest rates to all of them are dumb

[Sammich]

away my pops helped me build my credit.. buy your wife jewerly and apply for a credit card with the jewerly store... pay on it every month.. more then the minimum payment and they report every month..

:lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao: :lmfao:

reps for busting a funny in the wallstreet 'journal'

[BanginJimmy]

I used to be a salesmen.. like i tell anyone... if you dont have good credit or alot of money to put down... like a couple grand.. do not.. i repeat.. DO NOT.. fucc with drive time... Drive.... book out... or buy here pay here... all NO NO's.... drive time.. if you dont hae your payment in the day its due by 5 pm the shut the car off... (ignition GPS) and you cant turn it over... if you tamper with it it shuts the cars computer system down... plus the intrest rates to all of them are dumb


If you have good credit or alot of cash to put down its even less of a reason to goto a place like drivetime. I've purchased 3 vehicles in my time. 2 brand new and 1 used.

99 Jimmy 3.9% in August of 99. It was extremely low at the time since there was no such thing as a 0%.

02 Crapalier Bought it in 04 used and only paid 4.9%

06 Saturn Vue 0% bought brand new off the lot in Jan 06.

only the Jimmy did I put down more than 2500.

[BanginJimmy]

back to the OP.

If you ahve no credit now and are trying to build it. Get a secured credit card. Before you decide which one, make sure it will be swapped to a regular one after a certian period, which is either 12 or 18 months.

[Sammich]

i already have credit..i'm trying to BOOST my credit as in as a young idiot i screwed it up

[BanginJimmy]

Couple things I did when I screwed mine up and got in a bunch of debt.

1. Personal loan and consolidated all my debt into 1 payment that was less than just the combined minimum payments.

2. keep all the accounts open and use a different one every month for gas and emergencies ONLY. And no, a night on the town is not an emergency. Also make sure you pay it compeltely off every month.

3. Live with basics only. Yes it sucks, but I found the easiest way to do it was to find something you enjoy doing for long periods of time and doing those things. I got a library card and read every book in the place that was even minorly entertaining. I also made an exception and kept my cable internet and played online games.

4. No fast food. You can feed yourself 3 solid meals a day for 7 days on what you would spend on 5 days of lunch only.


1, and 2 will help you to put your credit back together and keep more cash in your pocket.

3 and 4 are just to keep moe cash in your pocket which will also allow you to pay the debt down quicker which, in turn, will get your credit back together quicker.

[Sammich]

Couple things I did when I screwed mine up and got in a bunch of debt.

1. Personal loan and consolidated all my debt into 1 payment that was less than just the combined minimum payments.

2. keep all the accounts open and use a different one every month for gas and emergencies ONLY. And no, a night on the town is not an emergency. Also make sure you pay it compeltely off every month.

3. Live with basics only. Yes it sucks, but I found the easiest way to do it was to find something you enjoy doing for long periods of time and doing those things. I got a library card and read every book in the place that was even minorly entertaining. I also made an exception and kept my cable internet and played online games.

4. No fast food. You can feed yourself 3 solid meals a day for 7 days on what you would spend on 5 days of lunch only.


1, and 2 will help you to put your credit back together and keep more cash in your pocket.

3 and 4 are just to keep moe cash in your pocket which will also allow you to pay the debt down quicker which, in turn, will get your credit back together quicker.

1. i only have a car payment which is why i got rid of my CC to reduce my bills

2. i am definitely considering this. as soon as an american express card makes it in my mailbox, i'm signing up.

3. i've lived with basics, except this month...i spent like a mofo on parts needed and wanted

4. i've been trying..but..it hasnt worked out too well..i'm always on the run during lunch time. yesterday was the first time i've eatin home in two weeks for lunch:gay:

all i have now is rent/insurance/car payment/phone payment

[BanginJimmy]

it sounds like you are doing all the right things then, it's just a matter of time now to convince creditors you are trustworthy.

I was in the same situation as you are for lunch. I had to make special care to make sure I had fod in my car. When I made dinner I always made enough to use for lunch the following day. If I didnt know if I was going to have time for lunch the folloing day I took a couple PJ&J's to last me until I got home.

[Sammich]

dude..u have no idea how i'm sick of sandwiches and pot pies lol...i did it for almost 2yrs straight for lunch...and now i'm tired of all foods

[BanginJimmy]

I know exactly how you feel. My time doing that was MUCH shorter than it would have been because I got an all expenses paid trip to Afghanistan about 4 months into it. I would have LOVED pot pies and pb&j over the shi t they called food over there.

[Sammich]

lolz. well..i just need to get another CC obviously and use it and pay it

[BanginJimmy]

well if you cant get a decent intrest rate you can look into a secured one.

[One_Bad_SHO]

Theres a lot of great suggestions that have been posted. If you **** up and get bad credit as a result of being irresponsible there are companies out there that will help get negative marks erased from your credit report.

I paid $79/month for Lexington Law Firm to improve my credit. Within 4 months my credit score went from a 540 to 680. Ofcourse, what they did can easily be done by yourself thus saving you the $79/monthly fee. I'm just too lazy for that ****.

[blaknoize]

I mean... (while not reading all the other posts) just set urself up with a bugdeted style payment system (not BUGDET) for ur goods. Like me... live within ur means. I mean I dont kno what u do or all that, but me being a poor Ohioian, it comes naturally :D Use that card for the purchases ud rather not, or cannot, pay cash for. i.e. car insurance.

And... as Jimmy said above, u can just take out a loan, dont use that bish, just have that money, through it in a savings (so u can build at least a lil interest, credit union baby!!) then just pay that loan back with the money u've taken from that loan company. Thats what I'ma do, I'm pissed that one of my friends can get a new Civic for 239 a month cuz her old ass grandpa has like a 900 or somethin on credit and me, I have to deal with $400 a month!

But just live within ur means, is basically all I'm sayin. This may be another WTF are u talkin bout posts, but thats me :) I do that ish quite often.

[blaknoize]

Theres a lot of great suggestions that have been posted. If you **** up and get bad credit as a result of being irresponsible there are companies out there that will help get negative marks erased from your credit report.

I paid $79/month for Lexington Law Firm to improve my credit. Within 4 months my credit score went from a 540 to 680. Ofcourse, what they did can easily be done by yourself thus saving you the $79/monthly fee. I'm just too lazy for that ****.:lmfao: yep, laziness is a killer sometimes.

[Sammich]

Theres a lot of great suggestions that have been posted. If you **** up and get bad credit as a result of being irresponsible there are companies out there that will help get negative marks erased from your credit report.

I paid $79/month for Lexington Law Firm to improve my credit. Within 4 months my credit score went from a 540 to 680. Ofcourse, what they did can easily be done by yourself thus saving you the $79/monthly fee. I'm just too lazy for that ****.

i think that may have been what kevykev was gona talk to me about, getting with some company to 'delete' the negative on my credit history and improve my score..i'm not in the 5's but i'm not in the 7's either..i wanna get mine up so i can get a home when i'm ready

i was also wondering..what about furniture stores that offer the 12months interest free/no payments for so and so months?? couldnt i use them to boost my credit also?

[BanginJimmy]

I dont see why not, it is still a line of credit. Furnature is expensive as hell though.

[Sammich]

yea but finding something for a nice price when a company is having a good sale..is what i'm hoping for. ima talk to the wife about it

[JennB]

i was also wondering..what about furniture stores that offer the 12months interest free/no payments for so and so months?? couldnt i use them to boost my credit also?

Definately. It's still a line of credit. BUT!!!! Be absolutely sure you can pay it off COMPLETELY in the interest free period. Once that time period is up, they will add on all of the interest that accured while you weren't paying interest. Say you finance for 12 months, no interest. If you don't pay it off before the day your offer expires, they will tack on 12 months of interest. $100's easily.

I used this strategy to build my credit when I was much younger. I bought a couch... not a full set or stuff I couldn't afford but just a couch... paid it off in the 6 months allowed and my score went up and I built good history. Never paid a penny in interest.

So, if you go this way.... say you get 12 months no interest, take the total and divide it by ten and make absolutely sure you can afford that as a monthly payment. Padding it by two months gives you room to move just in case money is unexpectedly short once or twice.

[Sammich]

Definately. It's still a line of credit. BUT!!!! Be absolutely sure you can pay it off COMPLETELY in the interest free period. Once that time period is up, they will add on all of the interest that accured while you weren't paying interest. Say you finance for 12 months, no interest. If you don't pay it off before the day your offer expires, they will tack on 12 months of interest. $100's easily.

I used this strategy to build my credit when I was much younger. I bought a couch... not a full set or stuff I couldn't afford but just a couch... paid it off in the 6 months allowed and my score went up and I built good history. Never paid a penny in interest.

So, if you go this way.... say you get 12 months no interest, take the total and divide it by ten and make absolutely sure you can afford that as a monthly payment. Padding it by two months gives you room to move just in case money is unexpectedly short once or twice.

:D :D :D :D if icould rep u again i would. thanks

[Sammich]

SO...I'M GOING IN TO SIGN PAPERS FOR THE FURNITURE...6 MONTHS INTEREST FREE..LEATHER SET FOR $900 AND I SEE WHERE I'M GETTING MY TABLES FROM FOR $349...I'M PAYING FOR THE TABLES STRAIGHT UP. BUT I DONT KNOW WHAT OTHER STEPS TO TAKE AS FAR AS BUILDING CREDIT..I'M TEMPTED TO GET A LCD OR SOMETHING, BUT I DONT FEEL LIKE HAVE $2K WORTH OF DEBT IN A NICE TV, ESP SINCE I DONT HAVE A HOUSE...HOUSE>APARTMENT

[JennB]

Pay off the furniture first and see how much that helps. Six months will go by so fast. Also, you don't want to open up too many accounts at once. It makes it look like you're trying to spend too much money at once or you're just on a spree.

[Sammich]

Pay off the furniture first and see how much that helps. Six months will go by so fast. Also, you don't want to open up too many accounts at once. It makes it look like you're trying to spend too much money at once or you're just on a spree.

yea thats what i was planning on doing. the wife is gona help with the payments (suprised, but at the same time not, cuz she's always been like that to help) so i'm going to go ahead and do my $150 along with whatever she's gona bring to the table, and i guess itll get paid off sooner than 6months.

i'm still thinking about doing the credit card..is it safe to apply for a card online?

[Schugg]

keep low balances, try not to have more than 2 cards open at once, no more than 2 loans, dont close one credit card to open another, you want to maintain a long credit history with companies, it will raise your score, have a mortgage loan will actually raise you score just for having it, i never knew that, try to avoid doing things that get you hard credit inquires on your credit. main thing you want to avoid though is the inquires on your credit and the balance availability. if my 2 credit cards were not maxed i would be sitting at about 740, but because they were maxed when they did their monthly check on the balances im sitting at 688....thats why you want to keep balances paid off when you get them, not even at the end of the month, i usually buy something with my card, go home get online and make a payment to my card for the price of whatever i charged

[Schugg]

yea thats what i was planning on doing. the wife is gona help with the payments (suprised, but at the same time not, cuz she's always been like that to help) so i'm going to go ahead and do my $150 along with whatever she's gona bring to the table, and i guess itll get paid off sooner than 6months.

i'm still thinking about doing the credit card..is it safe to apply for a card online?

usually get better deals online, just make sure you read up on what your getting. my bank is online only, and i got my main credit card through my bank

[blaknoize]

Well FUK. I went and took out a loan to "boost" my credit and it docked me like 17 points!!! I went from a 719 to a 697. Thats some bull****!!

[Sammich]

will the freecreditreport.com give me a credit score also?

[Sammich]

i mean like american express..i need one credit card w/ low-no interest.


Well FUK. I went and took out a loan to "boost" my credit and it docked me like 17 points!!! I went from a 719 to a 697. Thats some bull****!!

how long after the loan did u check it?

[ShooterMcGavin]

be like michael jackson, become white? :lmfao:

[Sammich]

be like michael jackson, become white? :lmfao:

that still requires good credit to get the surgeries done...unless u want to lend me some money from your chinese resturant franchise:lmao:

[blaknoize]

i mean like american express..i need one credit card w/ low-no interest.



how long after the loan did u check it?I never checked it. AT&T ran it once then I just so happen to feel the need to get a loan to "boost" my credit. So it was twice in 3 months.

[Bajjani]

I didn't read all the posts but I have outstanding credit and I'm only 21 and here is how I went about it.

First, if you can, I'd get an American Express. Simple reason is interest doesn't hit until after a late payment and they give you a month or so to pay, always good. But what I do is I have my apartment in my name, cable electric so on so forth, and I put all my bills on my american express and at the end of the month pay of the american express. So I am getting credit score for holding a lease with an apartment, my bills, and then my credit score from my credit card. I checked it last year and it was at about mid-high 700s. I started doing all that 2 years prior.

[Sammich]

^^thats good stuff

[Motivation]

PBS, do it the easy way... just steal someone else's identity that has good credit and be done with it. It'll make life a little more interesting. :goodjob:

[Sammich]

i already did that...i had to steal someone else's to avoid arrest...never again

[Motivation]

oh ok. That might not work then... Well, Just steal one of us white people's identity. :yes: They never look for us!

[Sammich]

it was a 58 yr old white man who i stole...lol

[Motivation]

haha It should've worked then... Well practice makes perfect so keep trying.

[Sammich]

lol

[lilmanx01]

I'm in some what of a similar position trying to build my score for the future. I def. try to live within my limit, and I wont lie at times you spend an extra dollar you could save. But to be real with you even that is understandable. If you had a hard week, you've done well no one is saying you can not treat yourself to a meal outside or whatever it might be that makes you happy as long as its within moderation.

Is there any reason you keep pushing for an AMEX? I know I have been considering a new credit card myself...but I haven't limited myself to an Amex just yet. I have been considering AMEX, Discover, and Citi cards. From the looks of it AMEX seems to offer the longest possible length of time for no APR which is 15 months. and Discover is only doing 6 months. Citi doing up to 12 months..

Of what I hear and know I really like Discover cards...but I don't like only getting 6 months no APR. AMEX is AMEX..everyone knows it, and I like their up to 15 months, but at the same time I would think its much easier to get a Citi card than it is an AMEX

[Motivation]

AMEX is the only thing that would approve him. :yes:

[Sammich]

AMEX is the only thing that would approve him. :yes:

:lmfao: :lmfao: :lmfao: :2up:

[Kevykev]

I've had an AMEX Business Gold Charge Account for 4 Years now. I've Maintained balances between $200 and $4000 monthly. I pay it off every month and GUESS WHAT?????


It doesn't show up and my credit report. Charge Accounts can work wonders for your score since you settle up on a monthly basis.


Only reason I don't sweat it is because i have a 780 Middle Credit Score.

[Kevykev]

Well FUK. I went and took out a loan to "boost" my credit and it docked me like 17 points!!! I went from a 719 to a 697. Thats some bull****!!


Some other factors could've been involved there.

[Sammich]

U CAN HAVE A BUSINESS CARD W/O A BUSINESS???

[Kevykev]

dont close one credit card to open another,

nothing wrong with that. Balance transfers can help BIG! Just don't close a JC penny and open up a Riches Macy's if you know what i mean.


You're right though Seasoning is big, it's good to show accounts with long histories with 0 derogatory items. That can build a strong profile.


In you're particular case, your account balance -to- credit limit ratio did it for you.

[Kevykev]

U CAN HAVE A BUSINESS CARD W/O A BUSINESS???

Actually yes, however Tax IDs/EINs are free form the IRS.

[blaknoize]

U CAN HAVE A BUSINESS CARD W/O A BUSINESS???Yes... just MAKE one and call it a business card. Ladeda

[lilmanx01]

ladadeda? lol.

[lilmanx01]

okay so i read up that its actually not wise to close down a credit card. that closing a card can actually hurt your credit score?

[lilmanx01]

http://www.credit.com/credit_information/credit_help/The-Top-10-Credit-Mistakes.jsp

[Kevykev]

I've paid off several cards and carry a ZERO balance with them.


I made a mistake and closed an account before, I was like 17 or 18 then. I thought that if 'you' close an account, it STOPS Accruing interest.

BOY WAS I WRONG!

[lilmanx01]

yeah its pretty lame. thats why i just let my cards sit there and let the history run even if im not using the card. i think its much better to leave it there and not use it than close it..unless your getting charged an annual fee or something..

[Sammich]

o well..its too late now..the account is closed now

[blaknoize]

Closing accounts FTL

PBS (implied) Anti-racist sig FTMFW:D

[lilmanx01]

And... as Jimmy said above, u can just take out a loan, dont use that bish, just have that money, through it in a savings (so u can build at least a lil interest, credit union baby!!) then just pay that loan back with the money u've taken from that loan company. Thats what I'ma do

:thinking:

If I understand this right...

1. Take out a loan (can I take a studet loan?)
2. DO NOT USE IT
3. Put it in a savings account/CD whatever jst DO NOT USE IT
4. Pay it back at the end or the CD or whatever, KEEP THE INTEREST

This builds my credit by... taking out the (student?) loan or paying back off a (student) loan? OR does it just enhance my credit score because I got money in the bank :bump:

Shawtay what Equifax thank??? Lol, or........EXPLAIN/DISCUSS POR FAVOR

[lilmanx01]

o well..its too late now..the account is closed now

No worries, jst FYI to help you boost/keep your credit score up :D

[blaknoize]

:thinking:

If I understand this right...

1. Take out a loan (can I take a studet loan?)
2. DO NOT USE IT
3. Put it in a savings account/CD whatever jst DO NOT USE IT
4. Pay it back at the end or the CD or whatever, KEEP THE INTEREST

This builds my credit by... taking out the (student?) loan or paying back off a (student) loan? OR does it just enhance my credit score because I got money in the bank :bump:

Shawtay what Equifax thank??? Lol, or........EXPLAIN/DISCUSS POR FAVORWell, I'm doin exactly what ur thinkin right now. So... I cant tell u till its over.
I took out a small loan and am going to put it into a C/D or Roth IRA account and just pay it back later so that I make some money while its there.

[lilmanx01]

but in a ROTH IRA you cant pull it out...till your like 60. So when would you plan on paying it back?

I'm in the proc of taking out a student loan for 3.5k so i can stash it away into whatever