Hello,
I'm trying to build up my credit so I can buy my Car w/ my own responsibility. last time I tried to get a car they told me I will need a cosigner since I'm a first time buyer, and my credit isn't high enough. I was told its not that I have Bad Credit, just not in the required number to be approved for a car. I'm here to explain what my plans have been so far as to building my credit and I would like to see the Opinions, suggestions, tips and approvals of others.
August 2009: the first thing i did was leave my bank, and joined a Credit Union, (NFCU)
I got a Credit card from them (Limit $1000) I use this card to pay my monthly Bills.
the exact amount I spend on the card, I place in my Savings account. at the end of the month, I pay off the card leaving a balance of $100 transfered from my savings to the card
August 2009: I Purchased an item from USA Discounters (they limited me to $1000) the Item got was total of $550 after all the charges and intrest. Its in a 9 month payment plan.
Before this, I got a Military Credit Card known as the STAR CARD. My limit at this moment on this is $4,700.00. I have $2,243.79 as a balance. leaving $2,456.21 as available Credit. This is the longest running Credit card I got. since 2005.
I was informed I should have my Credit Debt below %50 of the max Credit Limit. So I hope this part is working well.
the last Item I have is a $300 loan from my Bank which i started in November 2009. 9 month open contract. so if i wanted to, i can pay it in 7 months, since i was informed that they wont report to the credit places until after 6 months.
I don't know if this helps. I have an account w/ Sprint w/ their Cell phone I pay about $170/mo. for 3 phone lines, also pay for car insurance of about $35/month. I don't know if these show responsibility on helping build my credit.
I don't know my credit score at this time. but hopefully all these help me in numbers by July of 2010 so i can have my car then. my income at this time is $1300/mo. I'm in the reserves at this time, but I'm planning on Going active service which will increase my income est $1,800- $2,400/mo (I was active before).
Sorry this was allot. I hope someone will provide with some answers, advice, or anything else that will help me on my journey to achive my goal to gain my new car!
I'm trying to build up my credit so I can buy my Car w/ my own responsibility. last time I tried to get a car they told me I will need a cosigner since I'm a first time buyer, and my credit isn't high enough. I was told its not that I have Bad Credit, just not in the required number to be approved for a car. I'm here to explain what my plans have been so far as to building my credit and I would like to see the Opinions, suggestions, tips and approvals of others.
August 2009: the first thing i did was leave my bank, and joined a Credit Union, (NFCU)
I got a Credit card from them (Limit $1000) I use this card to pay my monthly Bills.
the exact amount I spend on the card, I place in my Savings account. at the end of the month, I pay off the card leaving a balance of $100 transfered from my savings to the card
August 2009: I Purchased an item from USA Discounters (they limited me to $1000) the Item got was total of $550 after all the charges and intrest. Its in a 9 month payment plan.
Before this, I got a Military Credit Card known as the STAR CARD. My limit at this moment on this is $4,700.00. I have $2,243.79 as a balance. leaving $2,456.21 as available Credit. This is the longest running Credit card I got. since 2005.
I was informed I should have my Credit Debt below %50 of the max Credit Limit. So I hope this part is working well.
the last Item I have is a $300 loan from my Bank which i started in November 2009. 9 month open contract. so if i wanted to, i can pay it in 7 months, since i was informed that they wont report to the credit places until after 6 months.
I don't know if this helps. I have an account w/ Sprint w/ their Cell phone I pay about $170/mo. for 3 phone lines, also pay for car insurance of about $35/month. I don't know if these show responsibility on helping build my credit.
I don't know my credit score at this time. but hopefully all these help me in numbers by July of 2010 so i can have my car then. my income at this time is $1300/mo. I'm in the reserves at this time, but I'm planning on Going active service which will increase my income est $1,800- $2,400/mo (I was active before).
Sorry this was allot. I hope someone will provide with some answers, advice, or anything else that will help me on my journey to achive my goal to gain my new car!