I have tried applying for loans and cards. How can I fix my credit?
Question by ravenous_person: I have tried applying for loans and cards. How can I fix my credit?
I’m gonna get a Verizon phone, will a cell phone fix the bad credit I have? The loan I applied for said I had “no established credit” But I did have something in collections. It is listed as Paid.
Best answer:
Answer by Cold
Cell phone do not report your payments to the credit bureaus.
Therefore they do not bring any benefit to your credit.
Consider getting a secured card.
You drop about $ 500 to $ 1,000 into an account and get a debit card to use against it.
Replace the money in full each month – no games.
Only a small percentage of these cards are turning into credit cards.
People that get them usually have bad credit, and can’t seem to be able to pay in full each month for what they use.
Use it wisely – it will reward you with good credit in a couple of years…
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Consider getting secured credit card or unsecured credit card from providian type of banks with $ 500 limit and then start building your credit. If you get a co-signer you can get that phone for sure. Hope it helps.
No paying your monthly bills does NOT build credit. Try your bank for a secured loan or credit card
A cell phone will not fix it. However, applying will make it worse.
The first thing you do is stop applying.
After you have stopped applying for more than a year, the second thing you do is apply only once for only one “secured” card, being careful not to apply for any card that is not secured.
The third thing you do is to wait 7 years from when the collection was paid.