HOW CAN I GET GOOD CREDIT FAST HELP?

[Sugar100]

I have bad credit 535. When I was young 17 or 18 I got a credit card & it’s in collection. How can I raise my credit? I heard only way is to get a credit card? How many points would my score go up if I get a credit card? I was thinking pay my market , food, other store expenses with my card and pay it off in cash. As either way weekly when I’m paid I go to the stores to buy my weekly nesseties , toiletries and food in cash.
can my bank tell me which credit card is good for me and which one will help to raise my credit score?

is there a way get my score up to 650 by March April 2023?

[hahahmm]

Takes at least 6 months to raise your score 100 points if starting from all bad credit. This is a long term thing. Not something you can do in a few months.

For your old debt, how old is it exactly? After 7 years from the last time you used that card it will go off of your credit report. If that isn't going to happen for the next year and you just have to increase your credit before the end of next year then you probably need to call up whatever company is listed on your credit report as holding the debt (collection agency) and call them up to make a deal with them where you pay them less than the original amount and the close the account in the credit report. But IF that debt is about to be 7 years old very soon, I would ignore it & ignore any phone calls related to it. But once you get into building/maintaining good credit you can NEVER IGNORE ANYTHING EVER.

Credit cards are dangerous but yes you can use them to build credit too. To build credit get 2-3 cards. Only use 1-3% of the limit and pay them off on time every time. You don't have to use every card each month but don't go more than 3 months without using a card because the bank might cancel them given that you don't have great credit. When you have good credit even if you don't use a card for year (s) they're way less likely to cancel it.

So the cards are only to spend money you already have, NOT to spend money you don't have.

The other thing that will help is getting a car loan or personal loan and paying it off 100% on time. So again, you would be spending money you have. Banks like to see different types of credit. Cards are one time, a car loan is another. A home loan is another. A personal loan is another. And yes... when you have bad credit you can't get good loan deals but that's not what your mission is. Your mission is to take a bad loan and use it to improve your credit. So improving your credit costs $$$.

When I had bad credit it took me 2 years to go from NO credit to really good credit.

[jshm2]

By transferring money steadily and regularly. It is all about being consistent and predictable. If you're spending 300 bucks this week, 5 bucks next week and 200 bucks the week after, then you're never going to build anything.

Also, "good credit" doesn't really mean shit unless you're going for a big purchase. For things like credit cards and credit it's more important to have a steady income and steady expenditure. You can have "good credit" and still get knocked back.

So shop around, and never be afraid to pickup the phone and call. You'd be surprised at the strings call center staff can pull if you're good. I had a friend who got herself a credit card because she simply picked up the phone instead of shop online. She was a foreigner and had zero credit. But because she was getting a wage check and transferring steady money each month it looked like she was predictable, and she got a credit card the week after.

[AmeerX]

Don't fall for the credit card trap. You're in America and if you still want to keep a credit card then you will end up stuck in the black hole.

Stop worrying about a credit card

[Sugar100]

I have had people tell me to raise your credit score u nedd get credit card!!!

[Sugar100]

If u r just goingto defend my mom then stop talking to me I’m angry at u

[AmeerX]

Credit card is trap.
Your mom should really live with your brother if he has his own house

[Sugar100]

How do I raise my credit score?

[AmeerX]

First, what's the benefit to increasing the score? And second question, why not increase your score by depositing money in a bank?

[AmeerX]

Maybe try the habit of depositing 50 or 100 USD in a month in your account?

[AmeerX]

Bank account

[Sugar100]

Your credit score doesn’t go up by depositing in bank :

[Sugar100]

U can rent any place u want with High credit score

[AmeerX]

See that's what the banks want to do to people like you. They want to make sure you keep a credit card so that you keep paying them in charges and interest

[AmeerX]

I think you shouldn't fall for it. It's not worth it. American economy fell into the trap. Remain debt or credit card free. Interest rates are pretty high anyway

[Anonymous]

Take out a loan and pay it back real quick, or ask someone to cosign for you.

[Bklynbadboy12]

Get a prepaid card and pay your bill on time