plese tell me how bad or fair my credit scores are?
by Author on Sunday, July 25th, 2010 | 8 Comments
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Your credit scores are too low to get a decent price on a loam. You need to boost them up first! You’ll save so much money! Some of the things you’ll want to do is follow the steps I have listed here and make sure you get the free credit report monitoring on the article listed below to track your progress.
Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year — :
# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
Read the full article here, it gives you an overview of credit scores, and the 10 steps in detail on page 2 .. Good luck!
http://millionster.com/articles/debt/increase-fico-credit-score/
If you have any more questions just post a comment on my blog above.
You need to read the article on http://www.adviceontime.com on credit. this will help your situation. I got a lot of good tips from this site.
Trust me… none of the above will qualify for an un-secured loan without a co-signer with higher credit. Sorry. I have low credit scores too and I can answer that for you.
They would be consider poor. You need to work on getting your credit score up to 620. Get a copy of all three credit reports and make sure they are accurate. If they are, work on resolving the smallest one first and work up. Also check the http://www.myfico.com to see what it would take to raise your score.
Ive seen worse but they could be better, judging from the score alone you probably have a high debt to income ratio, late payments, etc. I assume nothing major like liens, or bankruptcy, or your scores would be lower. You may qualify for a loan but with a very high interest. You may want to concentrate on paying off debt and making payments on time for 6 months or longer as that will get your score up faster rather then accumulating more debt wich might actually get your score lower.
Are you trying to get a secured or unsecured loan? That does make a difference.
Every company has their own standards but I would suggest that you allow your future husband to co-sign for you. Chances are you will get the loan, a better interest rate and be able to raise your credit scores.
If the last three months are solid Id have to say you could get a loan with those numbers. I bought my house a month ago with a 645 avg Go for it just dont apply all over town it will kill your credit if it looks like you are desperate.
Those are pretty low scores but you may be able to do it alone depending on how much of a loan you are looking for and if you have any collateral.