Long story short my parents never taught me anything about credit, credit cards, loans, etc. Mom just told me to never get them because they are bad. That's it. She didn't give a reason of why they are bad. Well my dad told me to get a credit card and car in my name (parents were going through a divorce and dad said he needed a car that mom can't touch thus the reason why it went in my name) and I listened to him and believed the things he said about paying them off and how he knew what he was doing. He didn't pay and my credit got ruined.
Well I paid off the debt I was in and I know I have poor credit (in the low 500's). Now my boyfriend and I have an apartment that's in my name, the utilities are in my name, I have a cell phone plan in my name, and I have a $300 credit card in my name. My boyfriend has great credit because his parents taught him all the things he needed to know and they are teaching me. They said having the those things in my name and paying them off when they are due will help my credit.
I pay off the credit card every time I use it and I never go over the limit. My boyfriend and I pay off the rent on the day it's due and we send in the payment for the utilities the moment we get the bill. And I also pay off my cell phone bill the moment I get my bill.
How much will having the apartment, utilities, cell phone plan, and credit card in my name boost my credit? Will I have fair credit by next year or will it take a longer time? What are some other ways I can help boost my credit with?
Sorry, I worded how I pay off my credit card wrong. The minimum payment is $15 and I'll use between $100 - $200 and I'll pay $50 - 100 a month. And after I use the $100 - $200 I put my credit card away and won't use it til I pay off what I used.
Well I paid off the debt I was in and I know I have poor credit (in the low 500's). Now my boyfriend and I have an apartment that's in my name, the utilities are in my name, I have a cell phone plan in my name, and I have a $300 credit card in my name. My boyfriend has great credit because his parents taught him all the things he needed to know and they are teaching me. They said having the those things in my name and paying them off when they are due will help my credit.
I pay off the credit card every time I use it and I never go over the limit. My boyfriend and I pay off the rent on the day it's due and we send in the payment for the utilities the moment we get the bill. And I also pay off my cell phone bill the moment I get my bill.
How much will having the apartment, utilities, cell phone plan, and credit card in my name boost my credit? Will I have fair credit by next year or will it take a longer time? What are some other ways I can help boost my credit with?
Sorry, I worded how I pay off my credit card wrong. The minimum payment is $15 and I'll use between $100 - $200 and I'll pay $50 - 100 a month. And after I use the $100 - $200 I put my credit card away and won't use it til I pay off what I used.