Having a good credit score can help you get a lower interest rate when you go to buy a car or a house, but not everyone has a good credit score. If your credit score is not as good as you would like it to be, then check out these tips to help you repair your credit. Believe it or not, your overall credit rating also affects your auto insurance premiums. So if you want to find cheap, quality car insurance, one way you can save money is to tie up those loose ends with the creditors. Insurance is all about risk, and someone with bad credit naturally poses a […]Continue Reading... No Comments.
Three loans, three banks, three months! For fast track credit building, you will need to spend a little money. First, find three local banks or any size that report their accounts to a credit agency. Go ahead and tell the banker that you are looking to build credit for yourself or your business. Take some amount of money—as little as $1,000 will suffice. Deposit that money into a three month CD at Bank #1 and take out a line of credit protected by the CD. Banks will regularly make this transaction, since they have a totally secured loan at this point. T Take the $1000 you borrowed and go to […]Continue Reading... No Comments.
Opening Fresh Revolving Accounts The number one most effective credit repair strategy for anyone that has been through a period of bad credit is opening fresh revolving accounts. Nothing can rocket your scores upward, faster and farther, than a couple of new credit cards. Why does this work so well? It seems that FICO is ready and willing to reward those who prove that they are capable of a successful reentry into the world of credit. Of course you need to manage those new accounts properly. Example: Take your tax return and open up a secured credit card account, this will present a good opportunity for you to build a new […]Continue Reading... No Comments.