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LITTLE OR NO
CREDIT: |
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• |
Set up a CD loan and continue making
paymentsas long as possible. |
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Obtain gas station, department store
or American Express cards |
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• |
ALWAYS PAY GAS COMPANY ON
TIME! (They rate when late) |
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• |
Get secured or low balance visas |
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• |
Pay rent by check to creat trail
for future purchase |
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• |
Set up small balances and pay minimum
payments (never pay off) |
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BAD CREDIT: |
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• |
Pay off collections and offer 50%
settlements if over $500. |
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• |
Reestablish new credit (see above) |
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• |
ALWAYS PAY GAS COMPANY ON
TIME! (They rate when late) |
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• |
Borrow $ or get part time job to
cover short term increase in debt load |
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• |
Once caught up with bills, set up
a written budget to the penny!!!! |
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TOO MUCH CREDIT: |
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• |
Pay off and close smaller balance
cards (only close 2 per month max) |
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• |
Pay down cards to 50% of their limits
to show available credit |
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CREDIT TIPS: |
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• |
Large car payments are often responsible
for bad credit |
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• |
Pay 1 extra mortgage payment per
year and reduce a 30 yr. term to 22 years |
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