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The best way to improve you credit score in any situation would be by decreasing debt. Getting over a repo can be tough, but certainly possible. keep your debt to a minimum and ALWAYS make payments on time. It will take time to heal your credit, but it WILL happen. depending on what you credit score looks like right now and your financial ability you may want to try opening a new credit card to help your debt to credit utilization. Go for a secured card through Orchard Bank, I have heard great things though them for people trying to rebuild credit.

That is a tough question to answer. It depends on what you need to get approved for, and for how much. Now a days anything over 700 is good I believe.

Only time and paying off debt will fix you up. And exactly how taylor1354 said it, no more late payments! Decrease your utilization and keep those accounts open after you've got them under control. Use them regularly on small purchases and keep debt to a minimum. If possible try getting your limits increased after reducing debt to give you a little boost. Good Luck

They should stay on your account for 2 years, the ding it does to your credit however should be relieved in about 3-4 months.

Hey disty, click on Tools & Calculators across the top, about midway down on left side you should see "trends". Right there you can access scores by states as well as many other comparisons.

It's worth a shot to call them to verify who they report to and to see what they can do for you.

briash14, I guess you could say I am in the same boat you are in, I'm 19 about to be 20 and my score so far is 718. Trying getting a student card if you are currently enrolled in college or soon to be. I recommend the Citi Forward card. It was not my first credit card, but it's great! low APR which can be reduced over time simply by staying in your limit and making payments on time, as well as earning ThankYou points to spend on rewards (Itunes anyone?). I so far have four credit cards, two major, a best buy, and a shell gas card, a healthy mix you could say. The best advise I could give you would be to not carry too much of a balance, make payments on time, and what I have found like many others is to always carry a balance. Wether that be a couple hundred dollars or even five to ten bucks, the interest will be minimal, but it will do wonders for your credit starting out. Make sure you stay responsible with your credit and Good Luck!!!

Without a doubt keep old cards open! make sure to use them every so often or your credit card company will have nothing to report. To boost your score you could pay off some debt, have your limits increased(good luck these days), or open a new account to decrease utilization.

Usually your credit score should improve slowly over time when you make payments and decrease debt. Getting your credit limits increased or opening a new account could get you kick-started by decreasing utilization. Also make sure you are using your open cards every so often and keeping them in good standings.

Great question, and the answer is !!!YES!!! paying off debt is without a doubt going to improve your credit score, by how much is hard to say. i've found, and others as well, by using the credit simulator under the my credit tab seems to be accurate to a degree, possibly could be off by as much as 10 points in some cases depending on many variables. Just how they determine it again depends on hundreds of variables, on-time payments, number of accounts, amount of debt, percent of used credit just to name a few. Paying off all your cards should sky rocket your score!

Sounds like they pulled their info about carrying and paying off balances in full from your first credit card through chase. The banking industry being all about money, they may see that their is not enough potential for profit there. Kudos for not carrying a balance though. I'm not sure why it would matter if most of your profile is through bankcards, thats a question for hardeight, that guy rocks and has great responses! But to answer your question, yes banks want to to see individuals carry some form of balance to charge interest. It also could be that Chase is just weird. Goodluck

wow ty for the speedy response!!!

being close to 50% is not a great thing. less then 30% is ideal like stated above.

Approved!! Credit score of 701, only got me a $1,000 limit, but understandably I have a thin file. Low 12.99% APR, plus it can be reduced over time by teaching you to manage credit and paying bills on time. Great because there are many ways to earn ThankYou points and the card looks cool. This is a awesome card to start or continue bulding credit history for students!

The best thing you can do for your credit is to keep your MTVU card as it is greatly helping your score since you've had it for 4 years. Average age of accounts has an impact on your credit score and closing this account will surely have a negative impact if you are like me and have little credit history. Unless you are paying a big annual fee keeping this card active in good standings and using it every so often on small purchase is a great idea.

Hi everybody, im 19 years old with 3 credit cards with a total credit limit only $1,350. Since the beginning of the year i've been able to get my debt down to $350(working on paying all of it off). 100% on time payment history, nothing negative at all against my credit. Credit Karma shows my credit score as 680. I have seen other articles in the past were Credit Karma provides close, but not accurate scores. In about 2-3 months i'm expecting to purchase my first car with $2,000 down and taking about $21,000 out on an auto loan. Could anyone tell me what i should expect my actual credit score to be at this moment, and will i be able to get a descent auto loan? Thanks in advance!