Liberty Credit Repair

I’ve applied for credit cards everywhere, but all of them turn me down because I have insufficient credit history. My husband however can get a credit card. We would really like to build up our credit so in the future we have a chance at good mortgage rates. If he gets a card and puts me on it so that I have one will this increase my credit history and thus my credit score?

Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments – freecreditreport.sinfree.net

How can I increase the my credit score. What steps can I take to ensure I impact my score positively. In the shortest amount of times. I would like to buy A house in a few months and need to work on my credit score

For buying a house Credit History is much more important than credit score. Often, the lack of credit history is equated with bad credit. You should be aware that lenders will go through your credit report once you apply for loan for buying a house. Therefore you should polish your credit report. Anyway, in order to establish a good credit history and at the same time risen your credit score in a short time do following things:

1) Close all of your credit cards but one. It reflects in your credit report and it is a very good sign. For instance say that you have 5 credit cards with $1000 credit limit for each. Therefore you are responsible for $5000 of possible debt. But when you close 4 of them, now you are only responsible for $1000 of debt which lowers the level of risk of lending money to you.

2) If you have any loan, like car loan or any balance on your credit cards, try to pay more than your monthly payment for 6 months or something. I mean say your monthly due on your car loan is $150, try to pay $250 each month. Lenders can see these trends in your credit report and they see that you’re a responsible borrower.
If you don’t have such loans, I suggest getting a $3000-$4000 loan and paying it off in full in 5-6 months. You might pay $200-$300 of interest but you will save thousands of dollars in your home mortgage and interest rates.

Also checkout http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
There are lots of articles there, related to your question, which you can find useful to boost your credit.

http://creditscoreguide.blogspot.com

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I have no credit card debt. I pay them off every month. I wonder if it is better to use my debit card or credit card to increase my credit score.

When establishing credit you want to use your credit cards, but keep your balances at less than 50% of your credit line.

I am wondering what credit cards to pay off that will increase my credit score.
I have store credit cards and major credit cards that I am trying to pay off. Of course not all of them, but my question is.
If i pay most of my store credit cards off, would this build up my credit score? or paying off the major credit cards would be the only way to bring up my score?

My banker who helped me to raise my credit score told me that store credit cards will raise your score (paying them off that is) very little however the MAJOR credit cards such as VISA/MASTERCARD/AMEX/DISCOVER will do significantly more and will raise your credit score more quickly. Hope this helps!!!

I need a loan for my business but my credit its low and i have few unpaid accounts. Id like to know how can i increase my credit score to get a loan?

First of all you need to lower your debt utilization (the amount you owe compared to your total line of credit). A utilization ratio above 30% hurts your score, and higher does even more damage.

First pay off the unpaid accounts, then pay off any of your credit cards, do not apply for any credit and keep your credit card usage under 10% if possible and never ever be more then 30 days late on a payment, this is a score killer!

Check the source I have referenced, they are the experts when it comes to credit scores.

Hope this helps answer your question.

http://bit.ly/3EdmLF If you are aiming to repair credit report, you must be aware of the common credit repair myths. One myth is “Just dispute negative information as not yours and it will come off your credit report.” Is it true? Get the latest information to repair credit report at http://bit.ly/3EdmLF

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What can i do to increase my credit score and be able to buy a home ASAP while i am still in chapter 13 bankruptcy? what is the best way to repair my credit, legal/illegal

again, your going to have to wait until your Bankruptcy is over. As soon as that is resolved, immediately start practicing responsible credit management, for it will take you months and years to rebuild your credibility as a borrower. Generally, the lower your FICO scores, the higher your rates (or the more it will cost to get a decent rate). Use the following credit management tips to get yourself back on track:

1. Never spend more than 30% of your credit card limit. ex. if your limit is $1000, never spend over $300. then pay off the entire amount at the end of the month. Keeping your balances at the 30% range is an accelerater to your credit score growth.

2. Try not to maintian any more than 4-5 cards per person.

3. Most department store discounts that are applied when you sign up for thier card are dwarfed by the interest rates they charge on your balance, stay away from them if possible.

4. if you make a big purchase, like a flat screen tv, and decide to put in on a new store credit card, before the transaction is done, make sure that they extend your limit so that your starting balance is 30% of the limit.

Best of Luck! Watch out for preditory lenders when purchasing a house right away, but know that you will have to pay the price for not having strong credibility as a borrower.

You may already know credit score basics, and how your score is used to help determine if you can get approved for a loan and which interest rates you qualify for. However, do you know it also affects your ability to get housing, insurance, and even your credibility with employers?

Your credit score affects many aspects of your life, so its important to have a clear understanding of how it works. Learning the five main components of your score is a good first step.

•Payment history is based on your bill payment history over time. This includes but is not limited to credit card, mortgage, and utility payments. Keep your credit score in good standing by making consistent, on-time payments.

•Amount owed is determined by the amount of debt you owe versus the total amount of credit you have. The reality is, if you use more than 50 percent of your credit limit, you will likely see your score drop.

•Length of credit history demonstrates your financial stability and the ability to manage credit responsibly. Keeping credit accounts open for at least two years will positively affect your score. Length of credit history can also play a role if you are trying to reduce your number of accounts.

•New credit looks at the number of accounts youve opened recently, as well as your proportion of new accounts to older, established accounts. Also considered are the number of recent credit inquiries that have been made for your report.

•Types of credit examines your current mix of debts, which may include credit cards, mortgage and auto loans, and retail accounts. Its important to have a good blend of credit, with limited revolving credit card accounts, because it shows youre able to manage a variety of credit types, says Elling.

Visit your local Affinity Plus branch location for a free copy of your credit report. A financial professional will meet with you, one-on-one, to review your report and answer your questions. We want to help you understand your credit report and how you can improve, and maintain, your score, says Elling.

For more information about credit score factors, free workshops, or to make an appointment with an Affinity Plus Federal Credit Union financial professional, please call (888) 830-2280 or visit www.onthemoneymn.com.

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I’m trying to rebuild my credit, I heard secure credit card can help increase your credit score, so I’m just wondering if anyone know which secure credit card is good that report to all three credit bereau?

Here’s some links to some that are pretty good