Improving Your Credit Score
Do you have bad
credit? Perhaps you have no credit history.
Below are some simple means of building an
excellent credit history for individuals
with no credit, or even bad credit.
information you can offer about yourself,
If you have been living at the same
residency for several years, or have had the
same job for a few years, let the credit
reporting agencies know. This
information is not factored into the
determination of your credit score, but it
shows stability. Stability can be a factor
in lending decisions.
information adding/fixing ideas....
your credit report list your current place
of employment and your job title? If you
have been at your job for two years or less,
then your prior employer and job title
should be listed as well.
-- Is your
current address listed? Is it correct?
If you have been living at your residence
for two years or less, then your prior
dwelling should be listed as well.
-- Make sure
your social security number is listed, and
listed properly. Your social security number
is the means by which the majority of
lenders will identify you.
-- What about
your telephone number? Is it listed and is
it correct? You need to have a phone number
that you can be reached at in order to be
granted any type of loan or credit.
-- Does your
credit report show all the accounts that
have been paid timely? The are lenders that
do not report regularly and some only report
to one or two of the major bureaus. You can
ask a creditor to report more timely and
report to all 3 reporting bureaus, but they
are not obligated to. If a creditor rejects
your request, you can send a letter with
copies of a few months statements and
canceled checks to prove your timely payment
need to utilize credit in order to build
-- Apply for a credit card. A credit
card like the
Orchard Bank MasterCard
is designed for people with
no credit and bad credit histories. A
positive payment history will help improve
your credit rating.
-- Transfer utility bills into your name.
Again, a positive payment
history will help improve your credit
Apply for a car loan. A
auto loan or a
credit car loan are great means of
building a strong credit history.
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