Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
tbudke82

0 Contributions
0 People Helped
how to make my credit better
I have two student loans and a motorcycle loan that i pay on every month and have not missed a single payment. I have even quadrupled my minimum payment on one of my student loans to pay it off faster. however i do not have any credit cards and have only had these loans and been paying on them for almost three years now. is there anything that i can do to make my credit score go up besides continuing to pay on time?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7344 Contributions
3805 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Since the sole purpose of Credit Karma is to TEACH people how credit works and what they must do to get credit to work for them, I would suggest reading the articles (look to the left side of this page) and utilize the credit tools, such as credit simulator to get practice in how certain decisions may affect your credit score.  I learned accounting but not that much about using credit so this site has been a big help!!

Those student loans are going to be a bit of a pain until they are paid in full because businesses know the loans cannot be discharged in bankruptcy and remain collectable until paid even if it means taking your Social Security benefits.  So they may be a bit leary of granting credit unless your debt to oincome ration is at an acceptable level.  You can start by getting a secured credit card, utilizing no more than 20% of the available credit limit, paying what is shown on the statement as "total amount due" in full when the bill comes in and your credit score will begin its growth.  Takes time and patience, and learning to achieve that. Start now.

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

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.