OK I am only 18 and I have really bad credit…I dont know why but I wont get approved for anything at all… What can i do so that I can fix my credit?? Any sitesz *for Free* that I can go to, to see what is affecting me?
7 Comment(s)
My bank will give me a free credit report every year from 3 major credit places.Get your credit report and see whats up,owed,and over due.And then start paying it all off. Pay one off at a time. And pay them off as fast as you can with as much as you can afford. I suggest credit cards be paid off completely in 1 month.
Check your credit report to make sure you don’t have anything on there that’s making you have bad credit. You can request it from the 3 major companies for free once a year. It might be that you have NO credit. Sometimes, companies look at it the same as having bad credit. Have your parents add you to one of their credit cards to help you build credit, or apply for an Orchard Bank credit card to help start you out. Good luck!
By law, if you have been declined for credit, you can get a free copy of your credit report. You can look up the three major bureaus, TransUnion, Equifax, and Experian on the internet and call their toll free number. You will most likely get a recording saying something along the lines that if you were recently declined for credit you can get a free copy of your report, just follow the prompts. Good luck….
If you’re 18, you haven’t had credit long enough to have a good or bad credit rating. It’s more proper to say you have NO credit rating.
Do something simple.
If you are concerned. Fine. Get a credit card with a two-hundred dollar limit, Go out to dinner dinner, send the payment in when you get home. Don’t carry any balance, or carry a balance only for a month or two and put the money in a jar to send out at the end of a couple of months.
Very quickly afterwards, the company will raise your limit. Do the same thing again. When you go to buy something, do three things.
1. Save up the cash for whatever you are going to buy, put it in the jar, or open an interest bearing savings account
2. Buy whatever it is using the credit card.
3. Wait 35 days.
4. Pay the whole amount for the credit card off + the interest accured.
What this does is raises the “maximum amount” you have ever used on the card, but it does not hurt you very much at all. All you pay is a few dollars for the month-to-month interest and maybe the yearly service fee.
That’s basically it. Otheriwse, pay your bills. DON’T run up credit problem.
See Maxed Out!
=-4526802145951634879&q=maxed+out&total=6523&start=0&num=100&so=0&type=search&plindex=0
You can go to annualcreditreport.com and get three free credit reports a year. You should use it for the three different credit agencies.
Another answerer was correct. You most likely do not have too much if anything on your credit report and are being turned down because of a lack of a credit history.
Usually store and gasoline credit cards are the easiest to obtain. Get them, use them, and make sure that your payments are on time.
You can also obtain a debit card sometimes called a secure credit card. It works because the amount that you charge is immediately withdrawn from your own bank account.
My bank will give me a free credit report every year from 3 major credit places.Get your credit report and see whats up,owed,and over due.And then start paying it all off. Pay one off at a time. And pay them off as fast as you can with as much as you can afford. I suggest credit cards be paid off completely in 1 month.
Dalai | Sep 14, 2009 | Reply
you need to pull all three credit reports and see whats going on..www.annualcreditreport.com
Crazy cat lady >^ ^< | Sep 16, 2009 | Reply
Check your credit report to make sure you don’t have anything on there that’s making you have bad credit. You can request it from the 3 major companies for free once a year. It might be that you have NO credit. Sometimes, companies look at it the same as having bad credit. Have your parents add you to one of their credit cards to help you build credit, or apply for an Orchard Bank credit card to help start you out. Good luck!
Jessica W | Sep 18, 2009 | Reply
Since your 18 I’m going to guess that you are not getting approved for credit cards due to bad credit but due to no credit.
Get a in store account then one credit card a couple months after that.
Don’t go overboard or you will get bad credit.
Tai | Sep 19, 2009 | Reply
By law, if you have been declined for credit, you can get a free copy of your credit report. You can look up the three major bureaus, TransUnion, Equifax, and Experian on the internet and call their toll free number. You will most likely get a recording saying something along the lines that if you were recently declined for credit you can get a free copy of your report, just follow the prompts. Good luck….
ctarr12 | Sep 20, 2009 | Reply
If you’re 18, you haven’t had credit long enough to have a good or bad credit rating. It’s more proper to say you have NO credit rating.
Do something simple.
If you are concerned. Fine. Get a credit card with a two-hundred dollar limit, Go out to dinner dinner, send the payment in when you get home. Don’t carry any balance, or carry a balance only for a month or two and put the money in a jar to send out at the end of a couple of months.
Very quickly afterwards, the company will raise your limit. Do the same thing again. When you go to buy something, do three things.
1. Save up the cash for whatever you are going to buy, put it in the jar, or open an interest bearing savings account
2. Buy whatever it is using the credit card.
3. Wait 35 days.
4. Pay the whole amount for the credit card off + the interest accured.
What this does is raises the “maximum amount” you have ever used on the card, but it does not hurt you very much at all. All you pay is a few dollars for the month-to-month interest and maybe the yearly service fee.
That’s basically it. Otheriwse, pay your bills. DON’T run up credit problem.
See Maxed Out!
=-4526802145951634879&q=maxed+out&total=6523&start=0&num=100&so=0&type=search&plindex=0
Mark T | Sep 23, 2009 | Reply
You can go to annualcreditreport.com and get three free credit reports a year. You should use it for the three different credit agencies.
Another answerer was correct. You most likely do not have too much if anything on your credit report and are being turned down because of a lack of a credit history.
Usually store and gasoline credit cards are the easiest to obtain. Get them, use them, and make sure that your payments are on time.
You can also obtain a debit card sometimes called a secure credit card. It works because the amount that you charge is immediately withdrawn from your own bank account.
Good luck.
DrIG | Sep 25, 2009 | Reply