What are big steps I can take to boost my credit once I have established credit card credit besides loans?
I just got a credit card, and I know after like 6 months it goes to my report. This is my first thing for my credit. I wanna get me a personal loan when I can and just keep the money and pay it off to help my credit…..what else could a young person do to build a good credit rating fast? I know its not a FAST process, but im talking at a faster rate.
Examine your goal in wanting to improve your credit. Make sure it is worth the hurry you seem to be in.
Being able to borrow more money is not necessarily a good thing. Try instead to slowly show you are credit-worthy.
Meanwhile, your best move is to start saving money every month. Also stop into your bank and chat from time to time so they get to know you. When you do want a loan for a worthy purpose, the banking relationship and the sizable down payment will help!
This may be too big a step for you: Have you considered using one of those authorized user tradeline programs. They are very affordable and would get you well on your way to having better credit. My mom used it and not only was able to open other accounts, but her score jumped 51 points. Check out the free evaluation form at They can help.
•
3 Responses to What are big steps I can take to boost my credit once I have established credit card credit besides loans?
Sharon T
September 2nd, 2010 at 6:06 am
Examine your goal in wanting to improve your credit. Make sure it is worth the hurry you seem to be in.
Being able to borrow more money is not necessarily a good thing. Try instead to slowly show you are credit-worthy.
Meanwhile, your best move is to start saving money every month. Also stop into your bank and chat from time to time so they get to know you. When you do want a loan for a worthy purpose, the banking relationship and the sizable down payment will help!
Iyanna
September 3rd, 2010 at 3:20 pm
For example if you need there are several ways takes only few days.
Stefan
September 5th, 2010 at 11:02 pm
This may be too big a step for you: Have you considered using one of those authorized user tradeline programs. They are very affordable and would get you well on your way to having better credit. My mom used it and not only was able to open other accounts, but her score jumped 51 points. Check out the free evaluation form at They can help.
•