Comments on: 15 Ways to Establish and Improve Your Credit History and FICO Score http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/ Helping a unique generation achieve financial independence. Sat, 20 Mar 2010 05:51:25 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: New Law Makes it Harder for Teens to Get a Credit Card http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-128617 New Law Makes it Harder for Teens to Get a Credit Card Wed, 10 Mar 2010 16:19:05 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-128617 [...] Parents, it’s also time for you to start thinking about how these changes will affect you and your teen. If you already have a teenager or have children that will be turning 18 in the coming years, you better be prepared for them to start asking you about credit cards. Decide what your policy regarding credit cards will be and determine how you’re going to teach your kids how to use them responsibly so that you don’t end up in credit trouble yourself. And while you’re thinking about that, you should probably check your credit score and make sure your credit is good enough that you can help your kids out when the time does come. Have credit trouble? Here are some tips to help you improve your credit score. [...] [...] Parents, it’s also time for you to start thinking about how these changes will affect you and your teen. If you already have a teenager or have children that will be turning 18 in the coming years, you better be prepared for them to start asking you about credit cards. Decide what your policy regarding credit cards will be and determine how you’re going to teach your kids how to use them responsibly so that you don’t end up in credit trouble yourself. And while you’re thinking about that, you should probably check your credit score and make sure your credit is good enough that you can help your kids out when the time does come. Have credit trouble? Here are some tips to help you improve your credit score. [...]

]]> By: Credit Cards and the Minimum Payment - Don't Fall For It http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-128615 Credit Cards and the Minimum Payment - Don't Fall For It Wed, 10 Mar 2010 16:09:27 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-128615 [...] charges. The faster you can repay the credit cards, the faster you’ll get out of debt and improve your credit score. Remember, just because they give you a minimum amount doesn’t mean you should pay them that [...] [...] charges. The faster you can repay the credit cards, the faster you’ll get out of debt and improve your credit score. Remember, just because they give you a minimum amount doesn’t mean you should pay them that [...]

]]> By: The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-126941 The 401k Loan: How to Borrow Money From Your Retirement Plan and What You Need to Know Tue, 16 Feb 2010 16:44:42 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-126941 [...] you default on your loan it won’t hurt your credit score, but it could be even more damaging to your finances. Defaults are treated as a distribution, which [...] [...] you default on your loan it won’t hurt your credit score, but it could be even more damaging to your finances. Defaults are treated as a distribution, which [...]

]]> By: Collection Agencies Giving Away HDTVs and iPods If You Pay Up : Generation X Finance http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-125539 Collection Agencies Giving Away HDTVs and iPods If You Pay Up : Generation X Finance Mon, 01 Feb 2010 14:51:50 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-125539 [...] as you work through these payments you should begin taking steps to improve your credit score. Once the damage has been done and you are late on a payment or an account goes into collections, [...] [...] as you work through these payments you should begin taking steps to improve your credit score. Once the damage has been done and you are late on a payment or an account goes into collections, [...]

]]> By: payday quick cash http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-122094 payday quick cash Sat, 19 Sep 2009 08:14:25 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-122094 The best thing to do at this point is pay the bills on time and not use credit. Basically, there were a ton of lates, and I had some go to collections. Once I started paying the bills on time and lowered the amount of credit I owed in relation to the credit I had, the score started to go up. I was able to get a home mortgage in 2003 with a 690, and since then my deliquencies started to come off of my credit. The deliquency takes up to 7 years to leave, so time is one thing that heals the most (while you are paying on-time). My credit score is now over 800. The best thing to do at this point is pay the bills on time and not use credit. Basically, there were a ton of lates, and I had some go to collections. Once I started paying the bills on time and lowered the amount of credit I owed in relation to the credit I had, the score started to go up. I was able to get a home mortgage in 2003 with a 690, and since then my deliquencies started to come off of my credit. The deliquency takes up to 7 years to leave, so time is one thing that heals the most (while you are paying on-time). My credit score is now over 800.

]]> By: Mack jackson http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121982 Mack jackson Tue, 15 Sep 2009 04:07:49 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121982 All are the perfect ways to improve our credit score and fico score also, according to me always find some way of earning extra income is the perfect point. All are the perfect ways to improve our credit score and fico score also, according to me always find some way of earning extra income is the perfect point.

]]> By: Frank Fitton http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121562 Frank Fitton Mon, 24 Aug 2009 17:56:00 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121562 There certainly are no quick fixes in attempting to raise your credit score. The most important thing is to stay on top of things and know whats in there. There very well could be errors in your credit report due to things misrepresented, even fixing these is going to take time. In order to raise it though you have to know what's in it for sure, as well as exactly what effects it. One area I think that is very important to address in these times. Is to make sure that you don't lose any of your cards. Companies are canceling cards that are not being used. This could be really damaging if its one of your oldest cards. Remember this, and just use the card every once in awhile to keep it in rotation. You need that available credit in theory at least. Anyone who's interested can check out my blog on how to improve your credit score at... http://www.thedebtgazette.com/2009/08/improving-credit-score/ There certainly are no quick fixes in attempting to raise your credit score. The most important thing is to stay on top of things and know whats in there. There very well could be errors in your credit report due to things misrepresented, even fixing these is going to take time. In order to raise it though you have to know what’s in it for sure, as well as exactly what effects it.

One area I think that is very important to address in these times. Is to make sure that you don’t lose any of your cards. Companies are canceling cards that are not being used. This could be really damaging if its one of your oldest cards. Remember this, and just use the card every once in awhile to keep it in rotation. You need that available credit in theory at least.

Anyone who’s interested can check out my blog on how to improve your credit score at… http://www.thedebtgazette.com/2009/08/improving-credit-score/

]]> By: credit score advance http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121375 credit score advance Tue, 04 Aug 2009 18:15:42 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121375 If you are looking to improve your credit score quickly with guaranteed results, visit http://www.creditscoreadvance.com. Take advantage of today’s historically low interest rates with an improved credit score. If you are looking to improve your credit score quickly with guaranteed results, visit http://www.creditscoreadvance.com.
Take advantage of today’s historically low interest rates with an improved credit score.

]]> By: Dr. Len Schwartz http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121281 Dr. Len Schwartz Wed, 29 Jul 2009 15:25:39 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121281 Such great advice here! I like how you touched on the subjects such as consistent employment history and residence. Many people do not realize the impact of those things on credit. Wonderful post. Such great advice here! I like how you touched on the subjects such as consistent employment history and residence. Many people do not realize the impact of those things on credit. Wonderful post.

]]> By: Tom http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121250 Tom Sun, 26 Jul 2009 22:41:04 +0000 http://genxfinance.com/2008/02/05/15-ways-to-establish-and-improve-your-credit-history-and-fico-score/#comment-121250 Very valuable information in your posting. Question, please: About 1 1/2 years ago had a credit account through a credit union and soon reached the max of $1000 and lost employment at nearly same time. Made no payments. Now employed and offered to pay the entire balance but found out the credit union had terminated my account and is not expecting, let alone demanding, payment. If I pay them anyway, will my credit rating be improved significantly? Other advice on this? Very valuable information in your posting.

Question, please: About 1 1/2 years ago had a credit account through a credit union and soon reached the max of $1000 and lost employment at nearly same time. Made no payments. Now employed and offered to pay the entire balance but found out the credit union had terminated my account and is not expecting, let alone demanding, payment. If I pay them anyway, will my credit rating be improved significantly? Other advice on this?

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