Credit Advice

do you have any collection accounts or anything negative on your reports? too many inquiries. what are you credit limits of your credit cards along with the balance due on them. There is no way anyone can answer this general question.

If your credit application reads with the same quality as your CreditKarma question does.... the result is self explanatary. Did you graduate from high school? If not, suggest you retake high school...English in particular.

When you go to try and get a loan...companies generally don't like to see you utilizing more than half of the available credit limit on the credit cards. Paying on time is important too, but maxing them out...even if you're making over the minimum payment is a red flag in most cases.

If you really need a vehicle for work, then I would suggest you buy one for cash. Look through your newspapers and other local sources. Also, each time you apply for credit a credit check is performed and posted to your credit score (TransUnion, Equifax, Experian), and it WILL get you flagged if you're constantly being denied.

Also, you shouldn't have more than 3 inquiries on you per year. If you have more and were denied credit, you're flagging yourself and the next place will deny you too, and on top of that, you're going to make your credit score go down even more.

Besides spending NO MORE than 30% of your credit limit, it's better to pay off the balance each month or at least pay more than the minimum amount.

Here's a nice trick that works excellently with your credit cards.

1. If you know your due date AND the date the credit card company reports your account to the credit bureaus, you can easily max out your card, then make your payments in full or 70% of the balance BEFORE your next due date.

Example:
You have a credit card with $500 limit.
Your bill is due on the 8th of the month.
They report to the credit bureaus on the 13th of the month.

You need to use the whole $500. Make your purchase but DO NOT let taxes and other charges take you over $500. After your purchase, you'll need to make the FULL payment on your credit card BEFORE the due date. If you do that, your credit score will not change at all.

If you can't afford to pay back 100% of the balance when the bill is due, it will lower your credit score.

The point is to make your purchases without going over the limit, then as soon as possible, make the payment on the card BEFORE your bill is due and DEFINITELY BEFORE they report the account to the credit bureaus.

Many people have problems with their credit score going up because they don't know when the credit card company reports to the credit bureaus. If you don't know that information, you'll be spinning your head trying to figure out why your credit score isn't going up, yet you are making payments on time.

Also, DO NOT make a payment then make a charge on the card. If you are paying by the due date DO NOT use the card UNTIL AFTER it's reported to the credit bureaus. If you use the card before it's reported to the credit bureaus, that transaction WILL show up on your credit report as part of the balance due.

I can actually show you better than I can tell you. But the problem is that you haven't provided anything useful to help determine why your credit is the way it is.

Provide a copy of your credit report, making sure to blank out any account no#'s and your personal information like, name, address and so on and someone will be able to identify where your problem lies.

hope that helps!

Have you got your credit report from transunion or equifax to see what is on there and make sure it's acurate, could have some things on there that your'e not aware of. When i was trying to get a loan on my house they had me as a nurse and living in another city, this wasn't me this person had alot of dept, but was under my ss # with a different name, this wasn't a identity theft, the people that controls this info at that time had it messed up in their system. go to creditreport.com, this service is free.

Perhaps you made as many mistakes in your loan application as you made in your question above.