5 Thoughts on How do you get good credit to be able to buy houses, vehicles?
  1. Reply
    Rick B
    August 19, 2011 at 6:53 am

    A debit card is not credit.

  2. Reply
    real estate guy
    August 19, 2011 at 7:25 am

    you have good credit by 1: paying on time each month – every time. 2: by not maxing out the cards each month. You should only spend 40% of the total credit limit each month and pay it off in full each month.

    A debt card is not a credit card. Apply for a credit card. If you can’t get one, apply for a secured credit card. It works like this. You deposit something like $ 500 with the bank, as security if you default on the credit card and they issue you a credit card with a limit of $ 500. After a year or so, they will start to increase your credit line, but you don’t have to increase the deposit. Again, only use 40% of the credit line and pay off each month.

    Credit is only one issue. You need to also save money. You should be saving at least 10% of your gross income every month.

  3. Reply
    Asadulla Majeed
    August 19, 2011 at 8:22 am

    Sorry I do not what is check card.

  4. Reply
    Judy
    August 19, 2011 at 8:53 am

    a check or debit card doesn’t build credit. Get a credit card from the bank if you can, or from a retain store. Use it, but only up to about half of your limit, and pay more each month than the minimum payment – pay the whole balance if you can. If you have any bills, like a cell phone, be sure they’re paid on time every month.

  5. Reply
    Appraiser guy
    August 19, 2011 at 9:27 am

    A check card is not credit card its a debt card and if you have no money in the account the card is no good. To get good credit, you need to get some real credit cards and pay on time every time and not minimum payment. It takes years to get good credit of always paying your bills on time.

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