I have bad credit, lol,. I have like a small credit card from a few years ago, I have 6 months renters and a 7000 thousand dollar tool credit... Im screwed, I got a score of under 450... Im trying to build my credit back up... I can't even get a credit card, anyone know how... how should I try to build my credit up starting, and how do I get a credit card...

ABK


Im buying my home and the loan company says I need a score of 600 to beable to get
The loan for my home... urrgggggggg

Let me make sure I understand, you had a credit card that was about 1/2 the size of a regular credit card, you have rental property and only have your tenants sign a 6 mo lease, and you have a line of credit with a tool company but haven't used the credit line? Correct ?

I had a credit card I owe about 2-5 hundred dollars... I have 6 months lease against me,and a tool credit of 7000 against me also... I need help

Make arrangements with each, get a 2nd and 3rd job, don't make the same mistakes again.

The only thing that fixes credit is time.

1. Pay off existing debt.
2. Borrow from someone (probably a secondary lender with a co-signer) and don't screw that up. Get a secured credit card or anything that will put your credit on the board.
3. The bad stuff will start to come off your credit report (SLOWLY).
4. The good stuff will continue to be posted on your credit report.

Credit can only start to rebuild after you have paid off your existing debt.

I have learned that it takes about 6 years to rebuild your credit and 6 months (or less) to ruin it.

Good luck... it's a long road.

How do I get a secured credit card...
If I got lets say 10000.00 Ten Thousand dollars... its going to take me years to fix that
Credit... what about a credit dept consolidator, making payments everymonth, will
That help any, and a loan, how do I get a loan to pay off my debt...

Secured card, put up some collateral so if you don't pay as agreed, the bank takes your collateral. As to borrowing more money to pay off past due debt, should you find such a loan, I am sure the interest rate but be drastically high. Get a 2nd, 3rd job, pay off the debts, don't borrow more money to pay off prior debts, put some cash aside for emergencies, don't make the same mistakes again, think twice when borrowing.

What can you use as collateral-and I understand about not borrowing money to pay off debt... doesnt sound right... Im putting together two other incomes so in total Ill have about three different incomes... I guess I need to put one or both up and pay it all off,
But damn that's a lot of money gone, and damn if I need it done...

Im thinking about getting a loan for the holidays, like 500 maybe, I guess I shouldn't do that yet either...

A debt counselor will help you negotiate lowered interest rates so you can pay off your debt sooner, but like aqua said, it takes time to rebuild credit.

There are several places to get a secured card, but you have to put up cash (that will be held in a savings account) as security.

I would wait until your lease is up and you are on a month to month lease before you think about buying.

I'm on a rental plan now with my home, there selling 137,000 for the house...
The house could easily sell for 180,000 after I get the flooring placed and some
Outside landscaping...

Are you on a rental contract? Where you rent to buy? Do you realize that if you don't fulfill the terms of the contract, then any improvements you make will default to the property owner?

Do not borrow ANYTHING until you have seen a credit counsellor or your debt is paid off. You are only going in the hole further. Yes you might be paying out a lot of money, but that's the way it has to be. Eat rice and beans until you have it paid off. You can do it!

Damn, rice and beans, what about my son, lol- getting my credit is harder than I thought it was going to be

Fixing credit is very hard. It is a long hard road. I think there are too many companies that make it too easy to acquire credit at higher interest rates which in turn only hurts people. Keep plugging away at it.

BTW... give the boy more than rice and beans... LOL.