Saturday, June 27th, 2009

Help fixing bad credit?

fixing bad credit
saylasmommy asked:


I have bad credit…I had two accounts each were under 100 and they went to collections…I was stupid when i got my first credit card a few years ago…Now my credit score is a 550…How can i fix it? My collections accounts are closed out and now im just looking to repair. I am married and my husband has great credit…Can he help me inprove it by adding my name to a loan or anything? I heard gas cards approve people with bad credit…? Please tell me ways to improve it and not be scammed! Thank you :)

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7 Responses to “Help fixing bad credit?”

CreditAlignment.com Says:
June 30th, 2009 at 4:51 am

there are many websites that help with self credit repair.
you can dispute all erroneous info on the credit agencies website for free. He can add you as a Joint account holder on his credit cards. Gas cards are great…so are store cards.
make sure they report to the 3 major bureaus.

look at Bank of America..it’s 99 down..with a 500 credit limit…it’s very good to help rebuild your credit.

Califrich Says:
July 1st, 2009 at 12:12 pm

At one time in the past, you could improve your credit by adding your name to the credit account of someone with a high score, but that was being abused, so it is no longer possible to do that. To improve your score, you must pay all your bills and loans on time to show your good faith. It may take a few years to rebuild your credit. Good luck.

mikeherman45 Says:
July 3rd, 2009 at 8:40 pm

First thing in rebuilding or establishing good credit is the same thing. Always, always pay your bills on time. Every thing from utility bills to rent or your mortgage.

Then get a new credit card or two, the big ones, Master Card, Visa, Discover, American Express and when you use credit to buy something make sure you have the money in you bank account to pay your monthly credit card bill in full each and every month. That way even if your other credit cards gave you negative remarks on your credit, these new ones will be showing good things.

There are other factors involved in your credit score, but this is the big one.

For more information, as well as info on credit cards (Amex, Visa, MC, Prepaid cards, and cards for problem credit) go to

bannabeauty Says:
July 5th, 2009 at 12:23 pm

it can be done in about 60-90 days. i have a credit package, that i used 1 year before purchasing my home. it works. i had it on my computer, but it crashed and i lost the saved document, but i had printed out the copy, its about 150 pages, but i can gradually email you the step. email me.

Joycee Says:
July 7th, 2009 at 6:38 pm

a car is the best way to up your credit. You can go and just get a cheap $5,000 car and have $150 dollar payments. You have to make sure you pay every single bill ontime though and if you want to get a good deal have your hubby co sign but make sure your name is on it too..it will help up both your credit. Better to buy something useful than just crap on a credit card. Credit cards which are revolving credit is the most damanging. Better go for something bigger.

A.J. in I..C. Says:
July 10th, 2009 at 9:53 pm

I would suggest avoiding gas cards or any “retail” credit cards. They have a very high interest rate, they usually come with annual fees, and they are not attractive accounts when your credit is reviewed by reputable lenders.

Have your husband co-sign for you on a new credit card so that you can get one with a moderate limit and without any annual or transaction fees. Make purchases on the new card for anything that you would otherwise pay cash … Groceries, gas, etc. Pay your balance every month so you are not charged interest.

Auto loans and mortgages improve credit more than anything. If your name is not on your mortgage or auto loans, have your husband add you. This will go a long way to helping raising your credit score.

D.C. Says:
July 13th, 2009 at 7:06 pm

YOU HAVE TO GET A CREDIT CARD EVEN IF ITS SECURED AND ONLY CHARGE HALF THE AMOUNT OF YOUR CREDIT LINE EVERY MONTH AND PAY IT OFF EVERY MONTH AND YOUR SCORE WILL SOAR!!!

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