I have a few bad marks on my credit history and I haven't used credit for over 3 years. At this time I have a lot of extra cash that I would love to use to help build up my credit for the future. Any advice on the best way to go about building up my credit with cash? Thanks.
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I have a few bad marks on my credit history and I haven't used credit for over 3 years. At this time I have a lot of extra cash that I would love to use to help build up my credit for the future. Any advice on the best way to go about building up my credit with cash? Thanks.
Banks are about to take interest rates up like a rocket ship-----they ain't going to mess around.
And yes, "the bailout package" will be passed within 10 days-------and the selling will continue until literally there are no more sellers left.
Dow close to 8000. Naz close to 800. Peeps jumping out of windows. Way it is, ladies and gentlemen.
cc
I dont understand your thinking if they vote yes then capital/credit will free up. markets will move up short term. rates will stay low to help with this credit crisis.
remember all the foreclosed homes are the problem. how would you get people to buy them ?? low rates to people who can afford to take them at some point people will take them as investments.
Real estate investors will be the ones to fix our country's problem.
your right about the lows in stock but that will be next year. also rates will also go up after we stablize the economy but that wont be for a LONG time. inflations not a big concern anymore.
Quote Originally Posted by claycourtlesson:
Banks are about to take interest rates up like a rocket ship-----they ain't going to mess around.
And yes, "the bailout package" will be passed within 10 days-------and the selling will continue until literally there are no more sellers left.
Dow close to 8000. Naz close to 800. Peeps jumping out of windows. Way it is, ladies and gentlemen.
cc
I dont understand your thinking if they vote yes then capital/credit will free up. markets will move up short term. rates will stay low to help with this credit crisis.
remember all the foreclosed homes are the problem. how would you get people to buy them ?? low rates to people who can afford to take them at some point people will take them as investments.
Real estate investors will be the ones to fix our country's problem.
your right about the lows in stock but that will be next year. also rates will also go up after we stablize the economy but that wont be for a LONG time. inflations not a big concern anymore.
Get a credit card, never get you balance over 50% of the limit and most importantly pay the entire balance off every month. If you don't do the last thing chances are you will lapse into the same problems you had a few years ago. Do that for a few months and your credit rating should be noticeably higher.
And pay all of your regular bills on time as well.
Get a credit card, never get you balance over 50% of the limit and most importantly pay the entire balance off every month. If you don't do the last thing chances are you will lapse into the same problems you had a few years ago. Do that for a few months and your credit rating should be noticeably higher.
And pay all of your regular bills on time as well.
Get a credit card, never get you balance over 50% of the limit and most importantly pay the entire balance off every month. If you don't do the last thing chances are you will lapse into the same problems you had a few years ago. Do that for a few months and your credit rating should be noticeably higher.
And pay all of your regular bills on time as well.
that exactly what i was going to say ...charge everything from gas to food and just pay it off every month
Quote Originally Posted by jaxwhitey:
Get a credit card, never get you balance over 50% of the limit and most importantly pay the entire balance off every month. If you don't do the last thing chances are you will lapse into the same problems you had a few years ago. Do that for a few months and your credit rating should be noticeably higher.
And pay all of your regular bills on time as well.
that exactly what i was going to say ...charge everything from gas to food and just pay it off every month
Banks dont like people that pay off their credit cards each month. They actually like the people who make a monthly payment, because they want to see how you manage debt over time.
Banks dont like people that pay off their credit cards each month. They actually like the people who make a monthly payment, because they want to see how you manage debt over time.
Banks dont like people that pay off their credit cards each month. They actually like the people who make a monthly payment, because they want to see how you manage debt over time.
Someone should ley my banks know that then. I've always paid all of my credit cards off every month and my credit score has not suffered at all.
Quote Originally Posted by cd329:
Banks dont like people that pay off their credit cards each month. They actually like the people who make a monthly payment, because they want to see how you manage debt over time.
Someone should ley my banks know that then. I've always paid all of my credit cards off every month and my credit score has not suffered at all.
in kevin trudues book he says it's ok to add the amount of money on your credit card that you plan on spending every month. So instead of owing at the end of the month on your credit card it will already be paid off.. if you put 200.00 on your card so it shows you have money to spend just like you you use your bank account. this is a good way to raise your credit limit.
in kevin trudues book he says it's ok to add the amount of money on your credit card that you plan on spending every month. So instead of owing at the end of the month on your credit card it will already be paid off.. if you put 200.00 on your card so it shows you have money to spend just like you you use your bank account. this is a good way to raise your credit limit.
Yeah, if you don't have decent credit for the next 5 years, expect paying MASSIVE amounts for down payments and HORRENDOUS interest rates on the balance.
If at all possible, I would sacrifice the next 5 years of "extra money for non necessities" and pay off every single debt you possibly can.
These banking fcj-heads are out for blood, and they are going to be ruthless in this depression we're in....they ain't messin' around.
You can't make a payment on something-------expect that something to be rigorously confiscated by the bank.
Probably, if you don't mind dying and being shot at, a car/furniture repossessor would keep you busy for the next 5 years while about 20% of the workforce is unemployed.
Yeah, if you don't have decent credit for the next 5 years, expect paying MASSIVE amounts for down payments and HORRENDOUS interest rates on the balance.
If at all possible, I would sacrifice the next 5 years of "extra money for non necessities" and pay off every single debt you possibly can.
These banking fcj-heads are out for blood, and they are going to be ruthless in this depression we're in....they ain't messin' around.
You can't make a payment on something-------expect that something to be rigorously confiscated by the bank.
Probably, if you don't mind dying and being shot at, a car/furniture repossessor would keep you busy for the next 5 years while about 20% of the workforce is unemployed.
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