NetCreditLine.com Daily Credit Line News

Question by Philip N: Some good tips on raising my credit, i’m trying to get a car?
Well all I owe are a couple of cell phones people, I’m only 21 and that’s all I had since I been 18. My credit is like a 549, and I was wondering what I could to raise it?

Best answer:

Answer by Frank Fitton
There certainly are no quick fixes in attempting to raise your credit score. The most important thing is to stay on top of things and know whats in there. There very well could be errors in your credit report due to things misrepresented, even fixing these is going to take time. In order to raise it though you have to know what’s in it for sure, as well as exactly what effects it.

One area I think that is very important to address in these times. Is to make sure that you don’t lose any of your cards. Companies are canceling cards that are not being used. This could be really damaging if its one of your oldest cards. Remember this, and just use the card every once in awhile to keep it in rotation. You need that available credit in theory at least.

Anyone who’s interested can check out my blog on how to improve your credit score at… http://www.thedebtgazette.com/2009/08/improving-credit-score/

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Question by steph: I have horrible credit any tips on how to improve it????
When I was 18 I had gotten my first credit card… then a second then a third… i max them out and regret doing that!!!! I’m now 26 and 2 yrs ago i paid off all my debt… But now I need to improve my credit score… Any tips on how to do so?

Best answer:

Answer by RAY
You should be under way of having a higher score already. You don’t need tons of cards as you well know. Just get one and use it responsibly. Save your need for credit for a car, home and other assets instead of liabilities. If you have to put a meal out or a pair of jeans on a credit card, the reality is that you cannot afford those things. You’ve been in the credit card trap… don’t go there again. Get copies of your credit reports and make sure they are up to date.

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Question by boricualuv2871: My employer is deducting the credit card processing fees from my tips. Is this legal?
I work in NYC as a waitress and get paid 5 dollars an hour.

Best answer:

Answer by cainvest1
Yes it is legal. As long as you are paid minimum wage your employer can deduct the cost of a credit card transaction from the tip.

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Question by Will T: What’s a good online resource for tips on building credit and saving money with a low income?

Best answer:

Answer by Jerry T
Spend less than you make.

Pay your bills on time.

Increase your income.

What do you think? Answer below!

Question by Ginger: What are your Credit Tips ?
I’ve had established credit for a good number of years now, and over the years I’ve learned things I wish I had known in the beginning. To make this a question, and to be able to share it with this new younger credit generation, what are your positive credit (credit cards, savings, etc.) tips that you have found that have worked for you to keep debt down, and keep a good credit score ?? I’ll name a couple and everyone else please add on so we can help new ones to this crazy credit card game.
don’t open too many cards at once.

Watch getting those Department store credit cards, as their interest rates are generally VERY high.

Best answer:

Answer by RubberSoul_61
Always pay more than the minimum payment.

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Question by jmb563: Any tips on how to finance startup cost for small business with no money down but excellent credit?
We are going to sell autos on eBay motors and off our lot, auto detailing and repairs. We have been to a couple of local banks and just don’t quite seem to fit their criteria. We’ve always been self employed in some form so our tax returns are pathetic. We don’t have any money to put into the business which, well, that’s why we need financing. Am I to believe that a business can’t be started unless you have thousands of your own money to put into it? SBA apparantly requires 25% of the loan amount to be available from us as cash. If I had that money, I probably wouldn’t need much of a loan. Anyway, I’m a bit frustrated because we’re not fitting into the commercial lending ‘box’. We are talented intelligent people with excellent credit but short on cash. Any ideas?

Best answer:

Answer by GEE-GEE
You can try Bank of America or a local credit union. They will give you basically a credit card with a limit up to $ 100,000.

www.bofa.com

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Question by Bozz Mozz: Do you have tips on how to get credit from cable/telephone?
Our utilities have been out since Friday (ice storm). Electric just came back yesterday. No idea when cable or phone will be back. I’m told it’s a huge battle to get credited for outage days from the cable and phone companies. What’s the best way to accomplish this with the least amount of battling?

Best answer:

Answer by thunder2sys
call the billing departments and ask them the procedures…/

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Question by Wild Kat: Tips for being a first time homeowner and cleaning up my credit report?
I was recently blesesed with the inheritance of a completely paid for house. I always depended on my mom to pick up the pieces for me and now I have to learn to be a responsible adult. I would like to start by cleaning up my credit report and paying outstanding debts. I would like to go to some kind of counselor or expert that can help me out.

Best answer:

Answer by cs1987
So get off YA, grow up and do it

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Question by Trknmofo: Any tips on getting a house financed with a low credit score?
I make decent money,have a solid job that ive been at for several years,my ex-wife has wrecked my credit,and i need a house of my own.

Best answer:

Answer by Gone fishin’
Start at the bank and if they refuse try private lender. You can find one through a mortgage company.

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Question by karenldee: Home equity Line of Credit…shopping tips, questions, etc.?
I’m shopping for a home equity line of credit which I’ve never done before. I’d really appreciate some tips on doing this – what should I look out for and what questions should I be asking? Thanks.

Best answer:

Answer by mister ed
what are their points -interest rate – payment date – and amount you can receive!!!

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