Comments on: What\’s the best way to obtain credit quick? http://www.cashbeforepayday.org/loan-quantum/loans-with-quick-sign/whats-the-best-way-to-obtain-credit-quick/ Discover more about Cash Before Payday Loans Tue, 22 May 2012 11:56:55 +0000 http://wordpress.org/?v=abc By: Mrs. L http://www.cashbeforepayday.org/loan-quantum/loans-with-quick-sign/whats-the-best-way-to-obtain-credit-quick/#comment-7641 Mrs. L Mon, 15 Dec 2008 03:49:44 +0000 http://www.cashbeforepayday.org/whats-the-best-way-to-obtain-credit-quick/#comment-7641 First of all, you don't want to pay off your credit card every month. You need to keep some outstanding balance to show activity. I'm not saying to charge it and pay minimum either. You should pay double or triple the monthly payment each month. That will show the credit card company activity. Credit card companies usually review a customer's account every six months, at which time they decide whether to increase your credit limit. You can also call them directly and ask for credit limit increases about every six months. Also, did you know that once you establish credit, YOU can negotiate your interest rate? A lot of people don't know this. If you call the credit card company after having the card for a while, you can ask them to lower your interest rate after showing a good payment history. Consider a secured credit card. To obtain a secured credit card, you open and maintain a bank account or other asset account at a financial institution as security for your line of credit. Your credit line will be a percentage of your deposit, typically from 50 to 100 percent. Application and processing fees are not uncommon for secured credit cards. In addition, secured credit cards usually carry higher interest rates than traditional non-secured cards. You also might consider getting a credit card from a local store, but make sure they report to the credit bureaus. First of all, you don’t want to pay off your credit card every month. You need to keep some outstanding balance to show activity. I’m not saying to charge it and pay minimum either. You should pay double or triple the monthly payment each month. That will show the credit card company activity.

Credit card companies usually review a customer’s account every six months, at which time they decide whether to increase your credit limit. You can also call them directly and ask for credit limit increases about every six months.

Also, did you know that once you establish credit, YOU can negotiate your interest rate? A lot of people don’t know this. If you call the credit card company after having the card for a while, you can ask them to lower your interest rate after showing a good payment history.

Consider a secured credit card. To obtain a secured credit card, you open and maintain a bank account or other asset account at a financial institution as security for your line of credit. Your credit line will be a percentage of your deposit, typically from 50 to 100 percent. Application and processing fees are not uncommon for secured credit cards. In addition, secured credit cards usually carry higher interest rates than traditional non-secured cards.

You also might consider getting a credit card from a local store, but make sure they report to the credit bureaus.

]]> By: Answ3r3r http://www.cashbeforepayday.org/loan-quantum/loans-with-quick-sign/whats-the-best-way-to-obtain-credit-quick/#comment-7640 Answ3r3r Sat, 13 Dec 2008 21:36:03 +0000 http://www.cashbeforepayday.org/whats-the-best-way-to-obtain-credit-quick/#comment-7640 If your credit permits, get a car in payments so that you can build some credit score... Sometimes only the passage of time can guarantee you a good FICO score. If your credit permits, get a car in payments so that you can build some credit score… Sometimes only the passage of time can guarantee you a good FICO score.

]]>