sign in • sign up
web | myLot | discussions | blogs | news | photos
homeinterestsdiscussionsblogsnewsmessages friendsphotosearningsmyLot

Credit email this discussion to a friend?

myLot reputation of 91/100. amandar658 (246)   ranked 532 out of 19,061 in make extra money4 months ago

Can someone explain to me how credit works? HOw can i improve my credit history?

 
 
make extra money
sponsors
CitiĀ® Credit Cards
Low Rates, Rewards& Cash Back We Have The Card You're Looking For.
www.CitiCards.com

Aspx Errors
Free Download: Aspx Errors Repair Tool. 100% Safe& Guaranteed.
AspxErrors.FreshPCFix.com

Care One Credit Counseling Online
Got debt? Let Care One Credit help reduce your monthly payments now.
www.debt5.com/careone

User has not selected a best response.
tags:  credit, credit cards, credit help
 
1. myLot reputation of 98/100. sudalunts (2048)   ranked 1,299 out of 19,061 in make extra money   4 months ago

First of all, the more of the credit you use, the worse your credit history is. Example, most creditors give you a credit limit. Say your limit is $1000.00, in order to maintain a good credit standing you should stay at 40% of the limit. So in reality if you use $400.00, of that $1000.00 limit it is good. The more of the limit you use, your score will go down by a certain amount of points.
Of course, if you do not pay your bill or always late, you lose points.
If you have too much credit card debt, you lose points, even if you pay your minimum on time each month.
That's what is happening to me, I am never late paying my bills, but I have too much credit card debt, so my points go down.


myLot reputation of 91/100. amandar658 (246)   ranked 532 out of 19,061 in make extra money  4 months ago

Both of those things are happening to me. I am wondering how i can help myself to get my credit to go up. Or is it once you have bda credit you cant do anything about it?


myLot reputation of 98/100. sudalunts (2048)   ranked 1,299 out of 19,061 in make extra money  4 months ago

Credit can be fixed, you really have to work at it, but once you get into a bind, it is hard to get out unless you come into a lot money and can just pay everything off.
If you have a lot of accounts, first try to pay one completely off, do not close the account, just do not use it any more. Then try to pay off another etc. It seems when your balances are high, the credit companies raise the interest on you, and make it hard to really get the principle down.
Watch out for companies that tell you they can help you reduce your credit debt. Most of them are scams. I am now going through it with one of them. When possible try not to use the cards. Even if you transfer a balance to another account you lose points.


myLot reputation of 91/100. amandar658 (246)   ranked 532 out of 19,061 in make extra money  4 months ago

Thank you very much for that. I am in a bind and am trying. I am working as much as I can 2 jobs, and then try to make some omoney online when i have the chance in order to pay the bills down.

CitiĀ® Credit Cards Low Rates, Rewards & Cash Back We Have The Card You're Looking For. www.CitiCards.com
 
2. myLot reputation of 92/100. Residual (632)   ranked 659 out of 19,061 in make extra money   4 months ago

Let's start with your profile. What country are you from because there can be different rulse for different countries and you are asking for help and noone can help you if they don't know what applies to you.


myLot reputation of 91/100. amandar658 (246)   ranked 532 out of 19,061 in make extra money  4 months ago

i live in canada, ontario

Aspx Errors Free Download: Aspx Errors Repair Tool. 100% Safe & Guaranteed. AspxErrors.FreshPCFix.com
 
sponsors
Focus Answering Service
Focus offers award-winning telephone answering service, Internet capabilities, ordertaking, fulfillment and more. Other call centers refer their most difficult accounts to us.
www.focustele.com

Internet Answering Services
Catch-A-Call allows you to receive and answer incoming calls and faxes while you are online. No need for a second phone line. Satisfaction Guaranteed.
www.gadgetshack.com

answering office phone virtual
Find providers of answering services in our directory.
www.business.com

similar discussions
Clickbux.us ads
I'm a little dissappointed in Cickbux today. I haven't been able to pull the ads up for a day or...
a new credit card arrived today..
I actually couldn't remember how on earth I got approved by a creditcard company?? I've got...
What is the best credit card company?
There are a lot of credit card companies around because of the fast growth of credit card industry....
Is bad credit really your fault?
I have bad credit, like many Americans. And, yes, it's my fault!I get so steamed when I hear...
Bill that is not mine.
The other day i was at my grandmas house and she had this very serious look on her face as she...
Do you think there is going to be another Great Depression?
I don't, but about 60 percent of those polled don't agree with me. They think we will see 25...
sponsors
Focus Answering Service
Focus offers award-winning telephone answering service, Internet capabilities, ordertaking, fulfillment and more. Other call centers refer their most difficult accounts to us.
www.focustele.com
Internet Answering Services
Catch-A-Call allows you to receive and answer incoming calls and faxes while you are online. No need for a second phone line. Satisfaction Guaranteed.
www.gadgetshack.com
answering office phone virtual
Find providers of answering services in our directory.
www.business.com
Let Us Be There When You Can't
Rite Response Telemessaging, A full Service Center, celebrating 17 years. Live "Quality" Answering 24/7 for Commercial, Professional, Medical, large or small. BBB Member.
www.riteresponse.com
Answer Racing Products
Come see the complete line of Answer riding apparel.
www.gmo1.com
Limousine Answering Service Solution
Limousine Answering Service Solution + Limo Call Center Company.
www.limocallservice.com