The Perfect Art of Building Great Credit
Whether you are trying to get credit to finance a new car or even a home, you’ll find that if you haven’t been on time with previous payment, if you have settled bills, or if you have never had a credit card before, it’s likely that it will prove to be troublesome. Often past mistakes come back to haunt us, especially when it involves trying to get a new credit card or financing.
So what can you do?
When you’re trying to build credit either from scratch or from a previously damaged record, apply for a secured credit card. The reason it’s called secure is because you have to back the card up with money before you even use it. So if even the easiest places to get credit cards deny you—this is where to start. Companies can feel as comfortable as a Party Bus Rental Virginia can relax in, because if you miss a payment, they take it out of the deposit.
Go to your local bank and apply for a loan specifically designed to build credit. Many banks have them and you don’t need a co-signer.
On the other hand if you have someone you trust, and more importantly who trusts you. Ask them to co-sign for a loan. Celebrate by dancing in a Party Bus Northern Virginia loves tonight!
Have you been a good tenant? Ask your landlord to report your payments to the credit bureaus.
Most of all, if you don’t want to ruin your credit—have back up money. So if things go wrong, your car breaks down or the like, you don’t bog your credit cards down with invisible money, fail to pay them back, and ruin your credit again.
