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depenable45

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How can i improve my credit?

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thats great you want to improve your financial position.....this is what I recommend to everyone doing both will boost your score 60+ points and I strongly recommend the FIRST STEP it shows creditors your reliable and serious take an extra $2,000 open a NEW savings account plus $85 for interest payments and take out a cash secured loan with the bank using that as collateral (banks love to do this because if you default they get there money back anyhow, but this way its fool proof) and then set it up to where the bank does autopay out of that account they take the 2k from the account and hold it you put the 2k they give you in the new account plus $85 and while this money will be frozen for 6 months you will be building credit after 6 months has passed you can pay the loan off in full if you want but you need to wait a minimum of 6 months then after the 6 months go for a quicksilver One (mastercard version) cash rewards card 1.5% cashback with a $39 annual fee so if you spend $2600 per year the cashback will pay the fee (in the form of a reward check back to you even though you technically have to pay $3 per month or lump $39) lowest score approved 563 average score approved 618 best to be 30+ points above the average and when you get the card keep the utilization under 20% ie $1000 limit don't go over $200 unless your willing to make multiple payments a month to keep balance low and always pay in full so you don't pay interest and never charge more then you can afford to pay off treat it like a debt card (just with cashback option) 

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