The Top 3 Ways to Get Credit and Keep It!

The Top 3 Ways to Get Credit and Keep It!

In this rough economy many people are looking out there window watching there neighbor drive buy with there New car pulling there New trailer full of expensive toys.

Getting ready for there long awaited vacation, and you say to yourself. That would be nice, if I only had the credit!

So you ask yourself like I did How can I get Credit?

Well I'm here today to let you know that credit is still conceivable even in this horrible economy. Although my advice is to treat your credit like you would treat your business.

 Be very methodical about every move that you make, always making sure that you never go over your spending limitations. Not the limitations that the credit card company places on you but the limitations that you place on yourself.

Limitation 1.

The first of these limitations are that you only spend 10% of your allotted spending limit.

 This makes it nearly impossible to fall behind on your payments, thus meaning that you continuously grow your credit and don't end up going further into debt.

Limitation 2.

The second limitation is that you do not allow your bills to become delinquent. This stretches farther than your utility bills.

 Things like car payments and bank accounts also can make or break your credit. So pay close attention to your bills making sure that if you are going to fall behind on anything that you call and cancel before it becomes delinquent.

 Some bills will have a cancellation fee that you have to pay as well. But as long as you keep in contact with these companies they will work with you to either lower your payment or give you a cancellation amount.

Now that we have discussed how to keep your credit and to grow your score I should probably answer your question, after all that's the real reason your here right?

So, How do I get credit?

If you are new to the credit seen you have to realize that everyone has credit already. Credit is just a fancy way to tell lenders that either your payment history is good and they can loan you more money.

 Or you don't pay your bills and the lending agency should not lend you any money because they wont get it back. But here are the Top three ways to get credit and keep it.


1. Pay all your bills ontime: - Understand that credit is just a way for companies to see if you are worth lending to. So like I stated earlier pay your bills on time.

2.Start with Cards - The easiest way for a newbie to get credit is to start with credit cards. You can find many credit card lenders online.

 All you have to do is put credit card into google and thousands of links will pop up. Now make sure to do your do diligence, (research) to find a card that fits you and your spending habits.

I always say to start with a card that has the lowest interest rate that you can get, with the highest spending limit available.

 Now be prepared this may take a while because there are so many options to choose from. But the reason to do things this way is so once you get the card you can grow your credit fast.

The higher your spending limit on the card the faster you can grow your credit.

Once you have owned your own card for a while and you have payed your balance off several times making sure to never become delinquent. You can then go on to the 3rd easy way to get credit.

3. Get an Account through a local Credit Union: Get to a local credit union and open an account, you can keep your money there as well. But the real reason for you to get this account is to earn and grow your credit.

One because you can also get a credit card through the credit union. But the real reason is so that you can eventually take out a small loan.

 When you take out loans and pay them back your credit grows exponentially, mater of fact just having a positive balance at a credit union will make your score rise.

Make sure that when you receive your loan that you keep it in a safe place and use that money to pay the bank back.

 So you ask, Isn't that just giving the bank back there money? The answer is yes, and why not? This way you always have the money to pay your payment.

Now keep in mind the bank will charge interest on the money borrowed I will explain how to cover that next...

Interest Bering Account -
You can also take the money and place it into another interest Bering account at another bank, then the money you borrowed will make you money, while building your credit.

The last portion of this is for those who have bad credit.  Now like me, the first step is to pay down your debt. This means making sure to pay off any delinquent bills that you have, IN FULL.

 Next you need to apply for a bank account with a national bank as well as a credit union.. Once you have your accounts they will help to start building your credit right away, as long as they are in good standing.

Bad History-You will also need to call the companies that you owed after there payed off, and ask them to remove your bad history records.

 This gives you a clean slate with the credit bureau. After that the only way for your credit score to go is UP!!

Fallow the 3 steps above and you will be well on your way to getting credit, raising your credit score and maintaining it. Good Luck!!!

You can also end your credit worries buy clicking here!!!