How can I fix up my credit rating?

I was told that I need to raise up my fica score so I can get a car loan.

How can I fix up my credit rating?
One great way to repair or build credit fast is to get a secured VISA or MasterCard. A secured credit card is one in which you open up a savings account with the card issuing bank. This savings account is used as a security deposit for your credit card. Your credit limit is based on the amount that you deposit into the savings account. Once you have established a good record of payments on the credit card, the savings account funds are returned to you. Only use this secured credit card for gas or a few small purchases each month. When you get your bill, pay it immediately but overpay it by about $10 - $15. That way you always have a negative balance. The FICO system accelerates your credit rating quickly by doing this. Just make sure that you NEVER are late on making that payment. This method worked very well for me when I had very bad credit. After receiving my secured credit card, it took about 8 months before I was receiving pre-approved non secured VISA and MasterCard offers from large banks.





More info on this topic here......











http://fixingyourcredit.blogspot.com








There are also some tricks you can do to get approved for a loan, and get fairly decent interest rates. You can find info about that here....





http://lowertheinterest.blogspot.com








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Reply:If you have unpaid debt, pay that off one at a time you don't want wake up all of those beasts at one time. If you have open accounts close them all. Try to save money for a car instead of using credit. 5 to 7 years paying something that goes down in value, does it make sense well in the US the call it cars.
Reply:Pay bills on time every time


get a new credit card, and make payments. Paying it off every month will not show your ability to pay over time.


Get a copy of your credit report and make sure it is accurate. Dispute any incorrect information.


It will not happen overnight. You may need to go to a buy here pay here car lot to get a car. Raising your score takes time to do.
Reply:Get a secured bank loan.





Click on the AAA Credit FREE Report at SoGettingRich.com
Reply:I will give it to you easy and simple. Work hard and have a good income is the way to increase credit rating. Quoted by my business teacher and now that i think about it just work hard pay your credit card all of it and you should be good to go.
Reply:You can get a copy of your FICO score here http://myvesta.org/resources/creditrepor... and using the online tool you can see how changes in your financial obligations will help or hurt your score.





I seriously doubt that your score will rise soon after taking out an auto loan. The account would have to age first and then your good payment history may help you. However, based on your financial situation a new big auto loan may lower your score because it makes you more maxed out.





http://myvesta.org/resources/creditrepor...