How to Use Credit Karma to Monitor and Build Your Credit

How to Use Credit Karma to Monitor and Build Your Credit

Your credit score is one of the most crucial components of your financial profile. Because of this, Credit Karma believes you have the right to access your credit information for free, anytime. In addition to offering free credit scores, Credit Karma also provides its members with full credit reports and helpful tools and resources to help you better understand your unique situation.

Here's a step-by-step approach for using Credit Karma to help monitor and build your credit.

Step 1: Sign up.

There are three steps in the Credit Karma sign-up process:

  • Create your account. Here, you'll create your login information. Be sure to choose a secure password and a personal email address (instead of a work or school address that might be cancelled). As we may send emails regarding your credit situation, try not to choose an email address that you share with a spouse or other family member.
  • Tell us who you are. In order to identify you with the credit bureau, we need you to provide some personal information, including your Social Security number. Please rest assured that we are committed to securing your data.
  • Confirm your identity. Here, you'll be asked to answer a series of questions based on information on file with the credit bureaus. We use these questions to verify your identity.

When you've completed the sign-up process and your identity is verified, you'll be able to get your free credit scores--no credit card required.

Step 2: Get your free credit scores and credit reports.

Credit Karma provides several different ways to view your credit:

  • Dashboard: Here, you'll see your score and how recently it was updated. When you log into your Credit Karma account, your score will automatically update if it's been more than seven days since your last update. All you have to do is log in to initiate this process.
  • Credit Score Details: This is where you can view your VantageScore 3.0 credit scores, along with your Auto Insurance Score and Home Insurance Score. You can track your scores from the first month you become a Credit Karma member.
  • Full Credit Report: Check your TransUnion and Equifax credit reports any time and update them up to once a week. Full credit reports come in an easy-to-understand format complete with educational blurbs and related reading.
  • Credit Factors: Find more details about important factors that contribute to your credit score.
  • Full Credit Reports: This feature allows you to simulate real-world financial actions to see how they may impact your credit score. You can see how a new loan might affect your credit, or how much your score would decrease with a few new hard inquiries on your credit report.

Remember that checking your credit score on Credit Karma will never hurt your credit, since it initiates a soft inquiry. Read more about hard and soft inquiries.

Step 3: Connect your accounts.

After you connect your accounts, Credit Karma can become a one-stop site to review your credit lines and bank accounts. As you'll be able to view both your financial accounts and credit scores in one place, it can give you a 360-degree view of your financial health. Not only can connecting your accounts allow you to be able to check your accounts in one place, but it'll also enable you to use other awesome features of the site, such as:

  • My Spending: A tool that can track where your money is coming from and where it's going. Easily identify what you spend the most money on so you can work on your budget.
  • Email alerts: If you're the forgetful type, Credit Karma has a variety of reminders that you can choose to be sent to you, such as bill reminders, low balance alerts and credit limit changes.

Step 4: Make moves to build your credit score.

With the help of Credit Karma, make choices to work on building your credit, whether it means opening a new credit card, refinancing a loan, disputing a credit report error or taking steps to lower your credit utilization rate.

Bottom Line

Credit Karma and its tools will always be free, so use them as often as you like to update and monitor your credit. Also, keep in mind that we provide other tools that could help you work on your financial situation. Read credit card reviews before applying for a new card, use the Credit Advice Center to discuss questions about credit with the Credit Karma community, read through our articles for regularly updated information on credit and personal finance, and keep exploring our site--we're always adding cool new features.

Editorial Note: The editorial content on this site is not provided by the bank or issuer. Opinions expressed here are author's alone, not those of the bank or issuer, and have not been reviewed, approved or otherwise endorsed by the bank or issuer. Credit Karma may be compensated by companies mentioned through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.

 

Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.

All Comments

Results 1-25 of 330Results per page: 5 | 10 | 25Page 1 of 14   Previous | Next
1 Contribution
3890 People Helped

Helpful to 3890 out of 3998 people

1.  Start a monthly budget system

2.  Priority

     A.  Home, Auto pymt’s, Health when needed.

     B.  Set aside Home, Auto insurance, property taxes, license fees, little every month will make easier                 

     when they come due.

3.  Savings for rainy day/retirement, $100.00 a month, which is only $25.00 a week. Alternatively, auto from paycheck.

4.  Any disability insurance you can buy, and increase it as your wages increase, cover on/off job, 24/7.

     When you are young, it is cheap, but does increase with age. You will never know when might need it!

5.  Always look for 0% financing 6,12,18,24 months, be a week ahead of due dates, divide amount purchase by months of 0% interest payments, if late bye-bye 0% automatic 29.9 to 32%, not counting the late fee too.

My favor is always looking & works with their money if possible, if not then 35% or more if you cannot afford to pay in full monthly statement.   Use your credit cards with rewards another way of saving and purchasing what you want later with gift cards from REWARDS.

Reply by
elevy1478

1 Contribution
672 People Helped
Helpful to 672 out of 727 people

thank you for the great advice

Reply by
sljhaj

1 Contribution
1049 People Helped
Helpful to 1049 out of 1118 people

Thank you, good advice, which I will follow.

Reply by
poodlekiss1922

2 Contributions
5 People Helped
Helpful to 4 out of 4 people

Good advice. Sometimes, It can be hard to know where to start if you have damaged credit.  The BEST way to either build credit or get bad credit back on track is to pay all of your creditors on time every month.  Since credit is a measure of how likely you are to repay debt, the biggest influence is whether or not you are paying as agreed.  Then, worry about utilization limits and hard inquiries because these are signs that you may not be able to repay debts.  Lastly, work to settle accounts in collections because they really hurt your credit.  The older the negative accounts, the less they hurt you.  So if you can't settle the debts, wait until they fall off and focus on what you can do this month.

Reply by
Fendirenee1

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

Excellent advice.  I have to find a starting point which seems difficult to do.

Reply by
luvi1

3 Contributions
2 People Helped
Helpful to 2 out of 2 people

great advice..i will follow it.

Reply by
mikaisom

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Good information to know.  Thanks

Reply by
pwlee

1 Contribution
6 People Helped
Helpful to 6 out of 8 people

Thanks my health is getting better I want improve score immediately

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

Thank you. Good advice!

Reply by
peterbcolby

2 Contributions
39 People Helped
Helpful to 8 out of 9 people

This is the BEST site on the WEB to find out your current credit score.  I applaud your initiative and appreciate your indepth information.  This provides me the guidance I need/require to continue to improve my credit score.  I have gone from a low of 610 to a current high of 725 in approximately one year.  Thank you! And please keep up the great job!

Reply by
KARMA4CREDIT1

2 Contributions
284 People Helped
Helpful to 2 out of 2 people

Great advice, thanks for shaing! 

Reply by
Bukowina

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

I have on my credit that is not on the TransUnion credit report , I try to contact with credit carma but is no custumer service that cen resolve this metter. NO phone numer for custumer service - no answer for email . Plese exolain how to resolve this matter

Reply by
louisesusan

1 Contribution
7 People Helped
Helpful to 7 out of 8 people

I need to incense my score

Reply by
Poorcreditbandit

1 Contribution
4 People Helped
Helpful to 4 out of 5 people

My credit score is low because your site says I have no credit cards...I have never wanted one, your sit also suggested I get a secured one....I was denied! Now I can't keep applying because my score is already down 10 points and it was 536! Why tell people to do this when you know they are going to hurt your score even more. I have a car loan..that's it...I didn't want a credit card but I needed to build my score because you told me not having credit cards was the problem...now what am I supposed to do? 

Reply by
loulouise

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

Great advice.  Thank you!

Reply by
onlyachild

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

My parents divorced when I was 2 years old . When my mother remarried my stepfather and her kept all things private. I moved out at the age of 17 just because I didn't want to do what my mother said . I was never told or had any Idea about my credit score. I just thought I 1 didn't make enough money or 2 was just poor. I only came aware of how important it was when I started working for a car dealership. my question today is if I can pay one at a time the creditors each month will that help me or not make a difference. I want to be able to save money with out the hassle of dreeding the phone ringing. I do want to pay my debts but how do I get started when my monthly bills out way my incoming income. thanks

Reply by
devulaped

1 Contribution
6 People Helped
Helpful to 6 out of 7 people

Good Info.

Reply by
86JB17

2 Contributions
1 Person Helped
Helpful to 1 out of 1 people

Wow, very helpful information. Some of the best I have ever recieved. Thank you Credit Karma, I feel as if someone's on myside.

Reply by
belmore827

1 Contribution
0 People Helped

Thanks so much!  I will also follow.

Reply by
RT1005PT

1 Contribution
0 People Helped

Good advice thanks!

Reply by
Chynadoll2u

2 Contributions
0 People Helped

Thank you this was very helpful I'll be using this to better my credit score.

Reply by
makingnewchanges

1 Contribution
0 People Helped

All good advice but I'd like to add a couple of things. 

Going from your list, I'll add the following:

6.  Don't forget income taxes.  Put aside 30 - 35% of your income for income taxes, depending on what income bracket you're in.  If you do all the above and forget income taxes, you'll be in a bind when it comes to income tax time.  If you've set more aside than what you need, you'll have a delighted, unexpected savings.  If you need to pay taxes, you'll have the money for it instead of scrambling once again or having to file for an extension to pay it - along with everything else the next year.

7.  My Grandma would always tell me when I was a kid of the story when she moved to Michigan from Illinois when she was a young girl back in the early 1920s or so.  Her father told her to "never, ever buy anything you can't afford to pay for".  That was, pay in cash.  My advice is to avoid credit cards as much as possible and work with debit cards or cash.  Keep track of expenses this way and you won't get yourself caught in a jam by not having money to pay for things that were out of your financial reach to begin with.  BTW, my grandma ended up paying cash for everything in her liife, saved a lot of money, paid cash for her car and her house and had money leftover when she died late in her 90s.  I'll end up remembering her words as long as I'm alive. 

8.  Be realistic of the lifestyle you can live.  Eating and going out may not fit into your budget.  There are other ways to get together with friends or family and most people aren't in a good financial situation whether they want to admit it or not.  What about coming over and playing cards, games or just sitting and chatting?  We always end up having way too much food and drinks that either go to waste or aren't good for us which will end up costing us in the long run with our health, weight loss, etc.  I used to think of doing things as I wanted and I wanted quality all the time, now I'm thinking of what little I can spend and still achieve the same results or function.  It's definitely a learning curve, but I'm doing it.

9.  Write down on paper, not just a mental note, but on paper, of what decision you made that week that was a good financial decision for you.  This keeps you aware of what you're doing financially and keeps you accountable that every week you'll need to make an entry. 

10.  Don't forget to give yourself a compliment once in a while for the world can't be all doom and gloom when you're trying to get out of a bad financial situation. 

11.  Meditate.  Take time for yourself with no noises, no computer, no text messages.  Just quiet.  10 - 20 minutes of quiet time a day can help us regroup with our innerself and stresses we're going through.  This can bring us balance when the world seems chaotic. 

12.  Eat right.  Eating crappy food full of preservatives and chemicals isn't going to give you much energy or brain power.  Try juicing vegetables and fruits and eating less crap.  My thought processes, concentration and ability to persevere goes hand-in-hand with the quality of food I'm eating.  When you're nutritionally starved you'll end up eating voluminous amounts of junk to try to satisify your huger when your body is really hungry for something nutritional.  Eating truly quality food like fresh fruits and vegetables can reduce your grocery bill from high calorie, low nutritional junk food.

13.  Meditate and pray.  10 - 20 minutes a day can make a world of difference on how you'll handle things and give you balance to your every day life.  If you're not a spiritual or religious person, then at least meditate.  Look online how to do it.  I always thought 'I knew or could figure it out' until one day I was taught how to meditate from a professional.  Made a HUGE difference. 

Good luck!

Reply by
Rdnckmomi

1 Contribution
0 People Helped

hindsight is always 20/20. hopefully younger folks will listen to you! no credit karma, or internet, when i was young!

Reply by
Abc123321CBS

1 Contribution
0 People Helped

I would like to update my credit score

Reply by
luv4trees

1 Contribution
0 People Helped

Good advice. Thank you.

Reply by
Joandeliverance

1 Contribution
0 People Helped

Thank you for that information.

Reply by
pappie111

1 Contribution
0 People Helped

if i want to connect my accounts with your site it asked for passwords for the accounts, where do i find these passwords

Reply by
vnvmcfish

6 Contributions
4 People Helped

I found it Extremely helpful to make a spreadsheet list all the bills and due dates. seing this helped me prepair for upcoming bill before they are due. when I use one of my Credit cards I put that on the sheet with amount and date to payoff. I average the gas & electric . I always know whats due next. 

Top Contributor

Reply by
ACHANGEDMAN

14 Contributions
141 People Helped
Helpful to 2 out of 3 people

Thanks bud

Reply by
Walkyria

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

There are very few things I havent mastered in my life. Finances is one of them. Credit Karma has advice to make sense out of senseless, avoidable mistakes. It's great to know that I can still fix my finances, by picking up new and good spending and saving habits.

Reply by
starlynn196017

2 Contributions
3 People Helped
Helpful to 2 out of 3 people

so ive done all of what you have talk about....but im funding a thing call colon cancer....and that takes what i am tring to do and puts it down the craper....when one hospital stay cost 36950.00 and the insurance pays 26690.00 you still have a big bill and they will not end till said party is in the ground....and then it is make up time.....understand?

Reply by
Susumama

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

I really need this and will start today.

Reply by
gtrucker123

1 Contribution
0 People Helped

I don't and haven't had a creditcard in 15yrs .I don't understand why my score is lowe I have bought motorcycle and 3 cars sense 2009 and paid cash 

Reply by
gdum90

1 Contribution
0 People Helped

what card can i get if i have poor credit? my credit score is like a 530 and im 23. my parents used my social when i was younger and im screwed now.. now my student loans are killing me to!! is there any credit cards i can get to build credit that requires no fees?

Reply by
writerwoman101

3 Contributions
18 People Helped

Oh if only I would get reminded a week before the due dates!

Great plan.Be an expert at balancing your checkbook -- one bounced check and you land up with an avalanche of bank charges. . I am Ld but I am learning thanks to fix that life long problem  thanks to a very patient PNC bank manager. And yes, I have a MA degree. LD doesn't know it. Thank you for the great suggestions.

Reply by
Johnswifey1

1 Contribution
0 People Helped

This is awesome! Can't wait to see how it helps me going forward!

Reply by
KTS2014

1 Contribution
0 People Helped

Very helpful

Reply by
rena421

2 Contributions
8 People Helped

Im new to this,  I am going to try it. I always with another credit report company and the charge $24.99 plus $1.64 a month.Sometime I can even get on to check my credit report cause it say password expire, but the person told me passwork don't expire. Hope this one works out for me.

Reply by
JRLazo

2 Contributions
0 People Helped

First time to actually read some ones comment. It actually simply explians the question I had for six years. What is having a credit responsibility about/is. Thanks....

Reply by
ricktr1

1 Contribution
0 People Helped

How long do inquaries stay on your report?

Reply by
lstevens03

2 Contributions
0 People Helped

I have paid off all of my bills,,auto loan, and judgements why doesnt it show on my credi report. How can i get these things cleared off my report?

Reply by
screenplays

1 Contribution
0 People Helped

This is some of the best advice i heard thus far. Thanks so much

Reply by
january7

1 Contribution
0 People Helped

This was helpful!

Reply by
Power44

1 Contribution
0 People Helped

Thank you Credit Karma for providing these very useful strategies!

Reply by
vilasar

1 Contribution
0 People Helped

Thank you.

Reply by
Huban

1 Contribution
0 People Helped

is there a download budget form that can be adjusted for my particular items?  I have a online pmt to bills online through bank acct, but it doesn't show the once a year items that pop up which I try to keep track of and put a few dollars toward savings to pay for them.  Can you file a claim against insurance company without them raising premium pmts?

2 Contributions
1410 People Helped

Helpful to 1407 out of 1426 people

Response to ewilliams216:

First, I DON'T know why your issue is still a problem on Credit Karma ...but give me a minute, please.  I have some information to help you get it taken care of.  It IS frustrating!

Credit Karma doesn't update our credit reports - only the credit report companies can make changes to their databases -  "they" being Equifax, Experian and TransUnion.  Credit Karma helps you inform them (E, E & TU) of incorrect information on YOUR credit report.  Of the three, TransUnion is the (only) one Credit Karma uses to display the information you see when you log in.  Credit Karma will give you the OPPORTUNITY, the ABILITY to look at the other two as well, so you can "connect and match" them  to get all of your credit straight, but they even tell you that the credit report they have is base on TransUnion credit report.

If TransUnion, then, never changes the information they have in their database, Credit Karma can't display the changes.  If, on the other hand, TransUnion HAS changed it, Credit Karma has no choice but to "change" it (show the changes), as it's only displaying what it has been given.

So what I wanted to tell you is this:  although you're checking your credit status via Credit Karma, which is good because it's free... you have the right to obtain your credit report - free - once a year, from each of the three companies above - TransUnion, Experion and Equifax.

If you call, they'll give you the option to do so online, or order a paper copy by phone.  Be aware they will ask for name, address, SSN - so you may want to be aware of who is around you.  If you go online, you can request a paper copy to be sent, or you can opt to see it online.  Be where you can print - I believe you will only be allowed to enter once.  (You also have the option to sign up and pay - that way you can look at your report as much as you want.  They WILL try to auto-pay for the following year(s) though, so please watch the options you select.

You can get all three reports at one time, or decide to get a different report once every 4 months.  Some say the latter lets them see their credit report throughout the year.  I agree - IF they all say the same thing; sometimes what's good on two will have an error on the third, and sometimes the same information will be incorrect on all three accounts.  The choice is up to you.

The bottom line is that you are entitled to get a free report once a year from each of the three credit report companies, each and every year.

Why don't you start with the one Credit Karma uses - TransUnion - and see whay they (still) show on that particular issue you want corrected?  If you get them straight, your Credit Karma will be ok.  (Your best bet is to ensure all three Credit Companies say the same thing, as some places subscribe to Experian, and others like Equifax.)

Go to:  https://www.annualcreditreport.com/cra/index.jsp or call :  Call (free) 1-877-322-8228

This is where to write to request your annual credit report - or fo change errors on it.  They will send it within 15 days.  If you notify them of issues on your reports within a specific time frame (it's reasonable) timeframe, they will make the changes and send you an updated report.  You can do this over and over, until they get it right, if you respond before the time limit on that new report.

Annual Credit Report Request Service
PO Box 105283

Atlanta, GA 30348-5283

Write each individually: 

Equifax

P.O. Box 740256

Atlanta, Georgia 30374

Experian

P.O. Box 9554

Allen, Texas 75013

TransUnion

P.O. Box 6790

Fullerton, CA 92834

And KEEP Credit Karma because: 1) they're free, 2) you can look at them any time you want,  3) as many times as you want, 4) they DO indicate when something is - or is NOT - wrong with your credit, 5....) they have soooooo much else to offer in getting and keeping your credit up to snuff that the other three don't.

Good luck to you.

Sherries8

Reply by
Rockalicious

2 Contributions
223 People Helped
Helpful to 221 out of 230 people

Your info has been very informative.  I know that my credit report is flawed and requires a definite follow up.  Thank you.

Reply by
6765

2 Contributions
163 People Helped
Helpful to 160 out of 171 people

great information I can use this as my convience thank you

Reply by
ladyalive

1 Contribution
2 People Helped
Helpful to 2 out of 2 people

Thanks for the info.

Reply by
cacpa

1 Contribution
0 People Helped

thamk you

Reply by
1loveforme

1 Contribution
0 People Helped

Sad when grown folk don't already know this. Thank you because this is on point, and helpful information for those that don't.

Reply by
grandma143

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Excellent advice!

Reply by
bellady

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Your info has been so helpful to me Thanks so much

Reply by
HappyGirl88

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Thank you very much Sherries8,

I didn't know I had a bad outstanding bill on me from years back in 2010.  Thanks and I will get this cleared.  Also, I am now more aware of the ability I have in changing things to get it better. 

Our Insurance scores are low.  We neither have had tickets nor accidents in leu of 30 years.  Could our age be a factor?  We do not understand this.  IT would appear we have excellent numbers in this dept.  Thanks for any help and advise.  We appreciate all you are doing for people here.  God bless.

HappyGirl88

Reply by
fern47

1 Contribution
0 People Helped

Thank you Credit Karma for posting Sherries comment .This lets me know that you have nothing to hide .My hat's off too you!

Reply by
lgutt

1 Contribution
0 People Helped

https://www.annualcreditreport.com/cra/index.jsp will not, however, give you your credit scores, just the report.  

Reply by
akablazen

1 Contribution
0 People Helped

MAN U HELP ME OUT IN A BIG WAY THANK U..

Reply by
SpecialN373

1 Contribution
0 People Helped

Now that was some great information you gave to all of us, one I can really look into in helping my credit score  get to we're it need to be. Thanks again Sherrie8

Reply by
bof

2 Contributions
0 People Helped

Thank you so much, this was very, very helpful...

Reply by
bof

2 Contributions
0 People Helped

Hi, thank you so much for this very informative post, it was very easy to understand and made many good points...........thank you...

1 Contribution
325 People Helped

Helpful to 325 out of 329 people

Just wanted to post a message of encouragement to anyone who is struggling to repair their credit.  2012 was a horrible year for us in many ways, including financially.  Our credit score was at an all-time low for this reason.  I signed up with Credit Karma, followed some of their advice and slowly but surely began the process of re-building our credit.  I made payment arrangements with several creditors for a monthly payment schedule to pay off old debt.  I faithfully paid all or most of the balance each month on the one secured credit card that we have.  I made a budget for us and stuck to it.  A little over on year later our score had increased nearly 100 points!  Enough to allow us to get an auto loan on a much more fuel efficient used car to reduce expenses AND continue to rebuild our credit.  Rome wasn't built in a day and neither is credit repair.  Don't be discouraged, however.  Things will get better and you CAN repair and improve your damaged credit!

Reply by
kasey1968

1 Contribution
104 People Helped
Helpful to 104 out of 106 people

credit karma is awesome my credit score has gone from 419 to 631 in just a little over 2 yrs i was able to pay off all my debts in collections that i didnt even realize i had and they all settled for way less than the orgiginal debt so i am really happy now i just got to get it up a few more points and my credit will be in the fair range instead of very poor ... thanks to credit karma

Reply by
Oleom

3 Contributions
55 People Helped
Helpful to 55 out of 59 people

2012 was the worst year ever for me...financially it sucked...I had always been on time in paying bills, and then it all fell apart..I could hardly functioned as to what my next step would be...but I am slowly rebuilding.

Reply by
anbm2222

2 Contributions
0 People Helped
Helpful to 0 out of 2 people

had your accounts gone into collections and then you set up payment arrangemnts or where they just a month or so behind? The reason I ask his qustion is because I am slowly rebuilding my credit and I have 4 accounts in collections and I cant find definite information on the best way to handle them. CreditKarma says it has a low impact on my score. But my credit score in a year has only improved by 45 pts. Most of that is because I took out a secured crefit card to build my credit. So should I wait for the debt to fall off (in about 1 year and a half) or set up payments? Also if I set up a monthly payment plans, wuld these accounts upgrade or will they continue to reflect as in collections until I pay them off in full?

1 Contribution
806 People Helped

Helpful to 806 out of 831 people

Thank you creditkarma it was beneficial to understand how the score is arrived at and ways to imrove my score. All this for free? wow, I highly recommend your site to anyone wanting to understand and improve their credit...THANK YOU! 

You're so welcome! We're here if you ever have any questions.

Review by
CK Moderator

Reply by
stormchaser1005

1 Contribution
402 People Helped
Helpful to 402 out of 435 people

I really want my credit score to get better and could use help in getting it that way.  Is there any help out there that can help me better my credit?  I sure could use the help.  thanks.

Reply by
dgy1

1 Contribution
9 People Helped
Helpful to 9 out of 9 people

Its nice to know there are people not wanting to rip off the consumer,thank you so much.

Reply by
syncmaster

2 Contributions
8 People Helped
Helpful to 5 out of 5 people

In the past when entering the site I was able to push a button to show credit information update. Now I do not see an area for me to enter. Is the system done each time I now enter credit Karma? I am speaking about my credit scoring. Thanks

Reply by
smoses80

4 Contributions
1 Person Helped
Helpful to 1 out of 1 people

What are the ways to improve your (my) credit score?? Is  that listed somewhere on Credit Karma??  Thank you!!

1 Contribution
178 People Helped

Helpful to 178 out of 191 people

ive been with creditkarma.com since 6-10-12 and it has showed me quite a-lot about the credit monitoring system, and i wanted to say it has been very useful to me and my wife who is also a member since 6-10-12. thank you for your services. and i would like to know why my bank says a different score than creditkarma does.i will be looking into this matter asap////

Reply by
tonyc8025

6 Contributions
401 People Helped
Helpful to 253 out of 271 people

The reason the banks score is different is the standard used in the credit world is different then the one creditkarma uses.  Which is an ok thing, if you wanted to see your "true score" then you would a) have to pay and b) take a hit via hard inquiries.  creditkarma is a great general tool to notice trends in your score and get an idea of where you are but it is not 100% what will be used when you apply for a card.  My example of myself would be CK says i'm 706 but when I applied for an Amazon card I was actually 720, the difference wasn't huge but was nice to find out it was actually higher. 

Reply by
frosario

2 Contributions
245 People Helped
Helpful to 185 out of 198 people

Tony C is correct bc I recently saw my score at 600 on CK but when I went to my credit union (which I recommend highly for anyone building credit) it was more like 630. 

So far this has happened to me twice. Once when I opened my checking acct with the CU (I needed 620 CS) and the second time when I changed over from my secured Visa to unsecured. They gave me a $3K limit!

Reply by
bequietbekind

4 Contributions
322 People Helped
Helpful to 8 out of 8 people

You are correct in that the CreditKarma score will be somewhat different than your true credit score. I recently bought my first house and while my CK score was 750, imagine my surprise when my lender pulled a hard inquiry and told me my actual score was 800. CK is a useful tool to understand if yor score is going up or down and has many good resources to help you improve your credit. But my lender told me the only way to geta copy of your real credit score is to have a bank or lender pull it..

Reply by
travler06512

6 Contributions
111 People Helped
Helpful to 4 out of 4 people

That's because your bank as different criteria standard score so your score will be different for different banks

Reply by
JuSttringToMakIt

1 Contribution
5 People Helped
Helpful to 5 out of 5 people

90% of lenders in the unied states use Experian or My Fico to look up credit lines. Most of the time they are a lower score then transunion (credit karma) or experian .

1 Contribution
224 People Helped

Helpful to 224 out of 231 people

Thank You CreditKarma for Providing all information needed to better my score. It's a delight to know where I stand and what I can do to improve it.  This site has help me understand the status and is very beneficial. I have posted and shared this site with many of my friends on Facebook and they are vey thrilled to see that this site was absolutely FREE!! I have been monitoring my score or awhile now and I'm glad to see the numbers jump up with improvement. Thank you again CreditKarma, You guys are the best ")

Reply by
ewilliams216

1 Contribution
166 People Helped
Helpful to 166 out of 189 people

The problem my wife and I are having is that when we pay off an item on our credit report credit karma does not have it updated. My wife paid something off a year ago and credit karma still has it in collections. She called all credit bureau and they say they either has it marked as paid or not on the report at all. I think an item that was paid a year ago is plenty of time to update on this site. Can anyone tell me why this is.

1 Contribution
138 People Helped

Helpful to 138 out of 148 people

HOW DO I GET RID OF INQUIRES THAT I DIDNT MAKE THATS ON MY REPORT

Reply by
tonyc8025

6 Contributions
401 People Helped
Helpful to 129 out of 132 people

http://www.consumer.ftc.gov/articles/0151-disputing-errors-credit-reports

Read about half way down on how to disput credit claims. 

2 Contributions
109 People Helped

Helpful to 105 out of 113 people

Hi. I am on disability and have had a hard life. My credit is between very poor and poor. Having a fixed income, I am limited on resources. Can anyone advise me on how to get started building credit?

I have several student loans that I have been deferring, placing on an income repayment plan but they keep showing late or missed payments. I bought a car but the company did not report to the credit agency, I asked them to make an exception so I could build some credit. I have not seen it on my report yet. 

Reply by
bequietbekind

4 Contributions
322 People Helped
Helpful to 300 out of 311 people

Sorry to hear of your troubles. Do the following things if you want to see your score increase:

1. Take control of your student loan payments immediately. It was unclear whether your loans are being paid automatically through some sort of an account. But before you do anything else, you need to take control of your payments. Either make electronic payments through an account that you control or via mailed checks. That's the only way to ensure they are paid on time every month.

2. When you bought the car, the company should have given you many documents including your lender information and your title company. You will need to contact them directly in order to have your purchase reported to the credit bureau. Start with googling "how to get car purchase reported to credit agency." Always make your car payment on time.

3. Sign up for a credit card, any credit card you can get approved for, and use it for small purchases you would normally pay cash/debit for and pay it off on a monthly basis. It sounds crazy but next time you receive a pre-approved credit card application in the mail or are offered one at a store you frequent, sign up. You will not be given a large limit to start with (prob around $200) but it will increase over time. Some gas stations have their own cards too and there are fuel perks associated with using one. This will only work if you can use it to purchase things you will end up buying anyway and only if you pay it off on time every single month and don't roll a balance. But if you do this, you will see your score start to rise incrementally and steadily the longer you do it and the limit on your card will go up too (but don't use it all the way to the limit).

5. Continue monitoring your credit, which it sounds like you're already doing, and dispute any negative information that looks wrong/incorrect.

Good luck! It takes time and effort to turn a bad credit score around and it doesn't happen over night, but it can be done and it's so worth it when you do.

Reply by
travler06512

6 Contributions
111 People Helped
Helpful to 94 out of 99 people

With scores like that your best bet is a secured Visa like a savings account just watch which when you get these very it won't with the lowest fees they do report as a credit card not being secured and will build your credit more you keep in there are you limit is paid off everything you spend make sure you put back in the same month

Reply by
Denashjus

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

If your on disability sometimes they can waive some student loans go to studentaid.ed.gov

Top Contributor

Reply by
switchman70

138 Contributions
485 People Helped
Helpful to 1 out of 1 people

I know this post is almost a year old, but a person who is total/permanently disabled can submit to dept of ed to have student loans forgiven/cancelled.

I did this myself and took about 4 or 5 months - it works.

Beware, the amount of the loan forgiven/cancelled gets reported to IRS as income by dept of ed, you will pay taxes on it, but beats the heck out of paying the loan balance.

Reply by
cookiebuster

1 Contribution
4 People Helped
Helpful to 4 out of 4 people

I just want to say that if you are disabled and you have written proof then you can contact the student loan people and that loan WILL be forgiven and it will not affect your score

Reply by
tinkerbell2100

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Hi I know this is a late reply but if your on disability and have been for 5 yrs or your condition is expected to continue for at least 5 yrs you can apply to have your student loans discharged. I'm going thru that now. It is a very simple process and the website is called disabilitydischarge.com I hope this helps you out as I was going thru the same thing just continually deferring my student loans due to being on disability.  Good luck!

Reply by
syslaptop

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

get a credit card that reports to the credit buroes, use this card to pay for expenses that you would have to pay anyway, utility bills, gas, etc.  . take the money you would have used on bills and pay credit card bill prefferably before interest starts to accrue . your credit score will continue to climb over time

Reply by
socks14

2 Contributions
3 People Helped
Helpful to 2 out of 2 people

Hopefully you have gotten yourself in a better situation since 2013.  You should check with your student loans to see if you have disability on them.  I had a student loan once and had to also go on ss disability.  I filled out the paper work with my student loan and the disabilty insurance on my student loan paid the balance in full.  It is worth checking into anyway, it just may help and wipe out your loans.  Good Luck.

Reply by
Becca4567

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

@Sassymomma. I too am on disability n Ive made some mistakes  the latest being I purchased a truck a friend of a friend needed to borrow it so he could move some lawn furniture. that was on Oct 25th never saw the truck again. received a letter from the co telling me they found it. however, Ive discontinued payments cause I have no idea whats been done to this truck or what it looks like. I paid for the thing til dec, so I still made the payments Oct, Nov, n Dec Jan I decided to stop paying for something I do not have nor do I know where it is. thats on my credit now. Ive learned never to trust anyone!!  its sad but the world is full of hatred n anger. good luck to u sweety

Reply by
bryn3417

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Try  (scoresense.com)  for a few bucks a month you can

see reports from all three credit companys

Reply by
nr1264

1 Contribution
0 People Helped

If your total yearly income falls below the poverty guideline which is $15,730 here in California you can and should apply to have your student loans discharged. it takes 3 years to discarge a student loan but during that time it will show your loan as current on your credit report. U.S. Department of Education's website is: disabilitydischarge.com or call 1-888-303-7818. Let them lnow you are total and permanent disability and fall below the poverty line. It will help your credit score big time, also if you have credit cards just keep making your payments on time and NEVER be late. If you are late more then 30 days it is reported to the credit bureaus.  Good luck and i hope this helps you.

Reply by
Zuzubear01

1 Contribution
14 People Helped

I'm actually in the same exact situation. I couldn't get anyone to approve me for a credit card. I'm going through fingerhut fresh start now and it seems to be working. They report all my payments of 25$ a month and my score is up 41 points.

1 Contribution
149 People Helped

Helpful to 149 out of 160 people

I love Credit Karma they are helping me to improve my score and for that I am thankful! :-) 

1 Contribution
114 People Helped

Helpful to 114 out of 119 people

Excellent tool!! Thank you CreditKarma, for being so resourceful! 

You're very welcome!

Review by
CK Moderator

1 Contribution
23 People Helped

Helpful to 23 out of 25 people

HI Everyone, I would Love to Help you all with Advice on building your credit.

I have had a Bad Credit Score since I wa 18 Years Old.

I had a cell phone bill that went unpaid and thus it was transferred to a collection company from my wireless phone company.

My first two credit cards also went unpaid and thus went into collections.

(I lost my job at the time, lacked financial education, discipline and was incredibly irresponsible)

Anyways, as the years went by some unpaid bills went into collections primarily medical bills.

As you can guess my credit score was low, 400-500's

I never cared though, I didn't need it. I was bought things cash, saved up to make my large purchases and lived frugaly so I didn't really desire big things.

Every car I owned was purchased cash.

Each time I applied for new credit I was ALWAYS denied. I don't know why I even applied.

Years later I became a professional in the finance industry. I became enlightened as far as finance, credit, lending, underwriting, banking, investments etc.

I learned the error of my ways and considered young me incredibly ignorant and foolish.

Anyways, now I am lounching a financial company which concentrates on financial consulting.

For tge first time ever my credit score is above 600. (653) Last I checked.

How did I do it?

Well to start off I purchased a car with A LOT of money DOWN and financed a few thousand on a 3 year term. Credit Acceptance was willing to finance my purchase BUT with a required down payment and an interest rate of 21,99% (APR)

I had to do it, to build some GOOD CREDIT some positive reporting since all I had was negative.

Anyways, this year I concentrated on building my credit.

I started by pulling up a FULL FREE CREDIT REPORT from AnnualCreditReport.com (Free once a year from all 3 Credit Repoerting Agencies: TransUnion, Equifax and Experian)

Banks Use one or the other, or sometimes two or three to make underwriting decisions on who to lend.

I noticed most of my collections had FALLEN OFF. Basically after 7 years from the initial report, YOUR derogatory accounts and collections HAVE TO BE DELETED by Federal Law. Thus many of collections dissappeared, Ironically as I was actually willing to start to Finally Pay them Off.

I have 4 collections on my report, so although my auto loan is in Good Standing, banks will still not lend to me or issue me credit cards because of my collection accounts.

I went ahead and called two of the four collection companies and SETTLED my accounts. One was an unpaid final insurance bill payment and the other  movie I never returned to a video rental place.

The Other two collections are MEDICAL BILLS (most companies will overlook Medical Colelctions but not always and not on all types of Loans)

I am going to NEGOTIATE for a lower settlement on the Colleection Accounts for the Medical Bills since they are quite large, but I do plan to pay them off as I dont plan to wait another 7 years to clear everything out. I want to buy A house within 3 years and a new Car by Next year. Thus I need to concentrate on building my score.

I also just called my auto finance company and asked for a payoff amount, I have paid 22 months on time and sometimes more than the minimum payment, by doing this my credit has improved and now I sent in the full payoff amount and paid my balance down to 0. My credit score should jump up significantly within 60 to 90 days.

My collection accounts (2 of them at least) shall dissappear in the next 30-90 days as wel.

My next move (next month) is to open TWO secured credit cards.

I will basically Give them $500 as a SECURITY DEPOSIT and they will send me a credit card with a credit line of $500 (albeit with a high apr 20-24.99% and an annual fee from $25-$100)

It's ok though, I need it to show a positive report of a REVOLVING CREDIT line.

I will use my card for every purchase I would instead make with CASH and my DEBIT CARD. I will then Save that money aside and when the bill comes in I WILL PAY IN FULL and avoid paying any interest rates.

Within 3-6 months my credit score should be a 680 +

That is the minimum you want your score to be at. Most banks will lend to you at 640 but with either collateral, income verification and other hoops to jump through. 680 is OK, 700 IS GOOD 750+ is great and 800+ is BEST.

After a year of using the secured cards, I will close them and receive my money back (Security Deposit) as long as I payoff my balances. Which I will.

By then I should already have open TWO non secured Credit Cards. I may call in and ask for a rate reductiona and limit increase since my credit is good now.

I will continue to use my credit cards for EVERY PURCHASE! and pay them off in full like this I am using my money to build my credit and I WILL HAVE A rewards card giving me points or cash back for every purchase I make. SO IT IS A WIN WIN situation, build credit, earn rewards for spending money I would have regularly spent on my everyday purchases (Gas, Groceries, Etc)

KEEP YOUR BALANCES LOW!! IF your limit is $10,000 DO NOT HOLD a revolving balance of $5000 or MORE, UNLESS YOU PLAN ON PAYING IT IN FULL or EXTREMLELY FAST (under 3 months)

Your score is rated on the ratio of DEBT TO CREDIT, How much credit do you have available and how much are you using (add all your credit limits | Also add all your credit balances ON REVOLVING LINes, Lines of Credits, Credit Cards. THEN divide your current total balances by your total LIMIT, the percentage/reatio should never surpass 50%, Ideally you want to be at 30% or less.

You want to have at least 4 Lines of Credit Reporting POSITIVELY and an Installment Loan or Two paid off or open to establish better credit to one day buy a house. Installment means PERSONAL OR AUTO LOAN. Or Mortgage but Mortgage itself is rated slightly differently and very  beneficial as well for your credit score.

A Good credit score is the key to posssible Investments, Business establishment, and A Home.

Your credit can work for you, credit is important because it is a measurement of our character for face less companies that don't know us.

Follow my Advise4 and you should be quite succesful.

Should you want further advice, assistance, or are interested ins ervices I provide, Please contact me at AYAM.VISION@gmail.com

2 Contributions
123 People Helped

Helpful to 7 out of 8 people

Caution people.....My credit score had dropped because of divorce, bankruptcy, etc. I watched as my score improved according to Credit Karma. So a couple if years ago, I decided to trade in my car because my score, according to CK, had improved and refinancing would make payments affordable. At the dealer I was so embarrassed when they couldn't provide me with a decent interest rate. I argued that my score was good...I checked!......but they disputed this saying my score was lower that I thought! So much for that.

Also, be careful when responding to the loan reconmmendations on this site.After receiving such a disappointing interest rate on my car loan a year and a half earlier, I figured I had earned a better rate by now...Wrong!  Since offers recommended by CK were "pre-approved", I believed applying was safe and I could refinance easily. All three recommended  immediately denied my application without even a courtesy phone call. I got generic rejection letters. So all I received was more hard inquiries which again lowered my score!    So, even though I enjoy CK free credit monitoring, I don't trust some of their advice............Be Careful!

Reply by
ccjpol

4 Contributions
9 People Helped
Helpful to 1 out of 1 people

My son had excellent credit, had two credit cards with high limit and no balances, a college education and a great new job.  We ran his credit before he went to the car dealership and it was a 756.  He wanted that 0 interest for well qualified buyers.  They ran his credit, claimed it was only 705, and would not give him the 0 interest rate.  Bait and switch.  I know his credit was higher, we ran it through all three credit bureaus before we left the house.  Don't let a car dealership tell you what your credit score is, they are likely not telling you the truth because it lowers their interest rate and their profit margin! 

1 Contribution
20 People Helped

Helpful to 20 out of 22 people

I have been using Credit Karma since 2012. I find it extremely useful in keeping an eye on my score. I have been able to raise my scores 130+ points in one year by being smarter in my use of credit. I attribute that partially to CK and recommend the service to anyone who wants to monitor their score. 

2 Contributions
82 People Helped

Helpful to 81 out of 91 people

What a fantastic service !!!!!! 

Reply by
pixaloop

1 Contribution
40 People Helped
Helpful to 40 out of 63 people

it used to be better

1 Contribution
8 People Helped

Helpful to 8 out of 9 people

 I have been with Credit Karma for a 6 years now.  I must say, it has helped me out ALOT! The advice is tremendous. When I needed to apply for a credit card, they directed me to the correct card for my situation! So I was approved without hesitation! I continue to see my score improve. It has been hard, but without credit Karma it would have been more difficult.

Thank you Credit Karma!

Thank you for helping people that need direction and help, especially in these hard times!

1 Contribution
9 People Helped

Helpful to 9 out of 10 people

to all credit karma users.. this site is not accurate! 3 times my report updated and credit karma still does not have my accurate credit report or score!

5 Contributions
9 People Helped

Helpful to 7 out of 7 people

recently two of my credit card companies sold my accounts to other companies it was not directed at me but a company wide purchase effecting thousands of credit card holders.

my reward for this business oriented transaction that I had nothing to do was that the blinkety blank courrupt and fraudulent credit bueaus lowered my score because voila my credit history had shortened!!!! i bought a tv from bst buy and I m still paying it off interest free over an interest free period of 18 months but because capital one sold the accounts to city bank I am now considered to be new card holder of city bank and I ve closed my capital one account even though I did absolutely nothing except to continue to pay my bill faithfully. these buzzards ought to go to prison for things that this. not only is it false but it distorts the truth and impairs objectivity in granting credit and probably slows the economy down a bit as a result how can such devious practices be considered prudent by these sobs? isnt there any consumer watchdog organization that can bring pressure on the credit bureaus for presenting these false evaulations?

1 Contribution
15 People Helped

Helpful to 15 out of 18 people

I thought my credit score would be higher being that I've had no late payments in the past yr, have paid off my car and keep zero balances on my credit cards. How do I increase my credit score?!.

Reply by
bergeron29

2 Contributions
24 People Helped
Helpful to 23 out of 23 people

If you have at least 1% usage on your credit card balance, your score should Increase.

Reply by
bequietbekind

4 Contributions
322 People Helped
Helpful to 11 out of 12 people

It's a little known fact that not utilizing your credit cards at all can actually cause your score to go down. Making a low score increase or keeping a good score steady is a balanced process of spending on your credit cards in small amounts and then paying it off on a monthly basis. Having too many cards can hurt too (i.e. too many department store cards) whether you are using them or not, but having too few cards (just 1 or 2) is not enough to build significant credit. Something that can REALLY help your score quickly is being approved for an auto loan or a home loan. Not everyone can do that though.

1 Contribution
10 People Helped

Helpful to 10 out of 11 people

The entire process is highly suspect. We are all being manipulated and I let myself follow questionable advce from this site. We have no debt, paid cash for our house, and have retirement money in the bank. Have a 100% on time payment history. Credit Karma said I needed to have more available credit to increase my score. I followed their advice and opened two new credit cards (Macy's and an Amazon VISA). Made small purchases and paid them off within days. Now my scored drops 28 points. Why? Because my average account age dropped from opening the new accounts. Adding the additional unused credit DID NOTHING AS WAS SUGGESTED. Instead it hurt my credit score. Just be cautious. Wonder how much Credit Karma is paid when we follow their advice and open a new account they suggest. I'll bet if I go and close those two accounts my score will fall even further.

2 Contributions
11 People Helped

Helpful to 3 out of 4 people

My Fiance and I were referred to National Credit Care in October 2014, for a mortgage company to repair our credit so we can get a better interest rate, and I can honestly say they have done alot of work on both our credit reports our scores are going up in a very short period, and they are very easy to talk to and answer all our questions.  On Jan 22, we will check our scores again and see how much they have gone up, this will be 3 months being with NCC.  Just thought I'd let anyone know, they do a very good job with credit and disputing the items.

1 Contribution
4 People Helped

Helpful to 4 out of 4 people

I truly appreciate the info given about how to manage my credit better. I am only points away from acquiring a goal long overdue. To buy the home I am presently living in. I have spent the last three and a half years rebuilding and paying on this house. I have cancer and somtimes my health sets me back but I am determined more than ever to achieve my goal.

Reply by
samaaarr

1 Contribution
2 People Helped
Helpful to 2 out of 3 people

omg how do you read these comments, the dates are all over the place

1 Contribution
11 People Helped

Helpful to 11 out of 13 people

this a easy report to understand

1 Contribution
3 People Helped

Helpful to 3 out of 3 people

Credit Karma recommended that I consolidate my credit cards and apply for a personnal loan listed on their site. I follwed the recommendation and was denied. How is this helpful to me? All I am seeing is offers to spend more money to receive updates. NOt impressed. 

Top Contributor

Reply by
love14mr38

79 Contributions
110 People Helped
Helpful to 2 out of 2 people

They lied to you as they did me. I did not apply so they stop reccomending them to me. The  system wants you to be in debt up to your head, but do not fall for their tricks. This is my advice: "Pay them as your monies are available and they will accept the amount you can send, if not they returned your monies for any reason, the Federal Law from Consumer Protection Agency & Federal Trade Commission says you do not pay any more monies. Look up the laws pertaining to these items of interested. I do it all the time & they accept if I send them $10.00 a month. I am paying something, but i usually send more than $10.00. Be alert to these tacts of getting a personal loan it does not work.

1 Contribution
6 People Helped

Helpful to 6 out of 7 people

I have a very poor credit score does anyone know of any secure credit cards I can get to help rebuild my credit 

Reply by
chouchou1987

1 Contribution
21 People Helped
Helpful to 13 out of 13 people

I  recommend Capital One, the APR isnt the best but in a matter of 2 months my score went from 541 to 654, i was so shocked that i went on another site just to make sure.  Pay on time and keep your utilization at less than 7%, good Luck!!!!

Reply by
K513

2 Contributions
3 People Helped
Helpful to 2 out of 2 people

Yes, I once had the same problem but to answer your question you could get a secure card from capital one you will start out with 200 dollars but after 5 consecutive payments they will increase your credit limit... So good luck

1 Contribution
3 People Helped

Helpful to 3 out of 3 people

So I have a very poor score.  I have debt with about 5 different collections, some of which I can pay off in full imediately because they're small amounts.  Is this what I should do if I can, and will this increase my score?  I also have closed accounts on record.  Is there something I should be doing with these closed accounts.  Lastly, how can I start improving my score.  I have no credit cards.  Afraid this would hurt me somehow.  Thanks for any suggestions.

Top Contributor

Reply by
tln37

23 Contributions
32 People Helped
Helpful to 6 out of 6 people

Hi, my suggestion is first thing you want to do is resolve all your collection accounts, pay them off as fast as you can or consolidate them then pay it off. I believe the collection debts will stay on your record for 7 years or more, depending on when you pay it off that's when the 7 years starts. So it will be a while. This will hurt your credit rating. If you have any credit card try not to close your oldest one. Keep it, use it once in a blue moon and pay it off. This will help with the length of time you have credit. If you don't have a credit card go apply for one. Go google.com and search for "credit card for bad credit" or something in that line to find a bank that will except you. The credit card is going to be a very high interest rate and very low spending limits (e.g. $200) but this will help your credit rating and build your credit in time. . Make sure you use it responsibly, use it only when absolutely need it and make sure you pay it on time or you'll end up back where you started!

Slowly you will improve your credit. Be patience, it will take a few years for you to see a significant increase in your credit rating. In time when your credit is better apply for a lower interest rate credit card with a higher spending limit. Make sure you pay off the higher interest rate credit card or transfer the balance to the lower interest rate card and put the higher interest rate card away but don't close it for a while.

Basically you have to become "trustworthy" to creditors before they start trusting you with bigger and better loans amount  and lesser interest rate. The game is all about how you are able to manage your debts!

So good luck! Use your credit wisely and responsibly!

Top Contributor

Reply by
love14mr38

79 Contributions
110 People Helped
Helpful to 1 out of 1 people

Stay where you are, though you paid off the collection angecies, those collection agency will stay on your credit report for "7 long years". The IRS has paid the companies for your debt and the collection agency purhchased them so they could make monies off of you. Now, you are stuck for the next "7 years" with collection agency stuck on your credit report.

Results 1-25 of 330Results per page: 5 | 10 | 25Page 1 of 14   Previous | Next

Comment on this Article

Write your comment:
Enter Your Comments