GoFuckYourself.com - Adult Webmaster Forum - View Single Post - What is the best way to establish credit ?

evl4fun · 06-16-2004, 04:59 PM

Secured cc's are an ok way to start, but you can get normal ones with high interest rates and service fees to start out. DO NOT pay off the full amount every month, cc companys frown on this because they dont make thier interest $$. Instead, get a small line cc (secured or otherwise) and make the min monthly payments for 3-6 months, check the fine print in the contract to see how often they review the accounts. DO NOT max it out anytime in the first year, keep balance roughly half of the available credit line.
If she needs a car, thier are tons of first time buyers credit programs. Stay away from the "buy here-pay here" places, as most of them do not report to credit agentcys,unless the account goes into the negative. I know most major car companies, Ford, GM,ect have good programs.
Store cc's from places like sears, J.C.Pennys ect are also fairly easy to get, just follow the same tips as normal cc's.
Following those tips, should result in at least an "A" credit rateing with in a year, and "AAA" in under five.
Hope that helps.

06-16-2004, 04:59 PM
evl4fun Confirmed User Join Date: Jul 2003 Location: hell,uhhh errr nebraska Posts: 372	Secured cc's are an ok way to start, but you can get normal ones with high interest rates and service fees to start out. DO NOT pay off the full amount every month, cc companys frown on this because they dont make thier interest $$. Instead, get a small line cc (secured or otherwise) and make the min monthly payments for 3-6 months, check the fine print in the contract to see how often they review the accounts. DO NOT max it out anytime in the first year, keep balance roughly half of the available credit line. If she needs a car, thier are tons of first time buyers credit programs. Stay away from the "buy here-pay here" places, as most of them do not report to credit agentcys,unless the account goes into the negative. I know most major car companies, Ford, GM,ect have good programs. Store cc's from places like sears, J.C.Pennys ect are also fairly easy to get, just follow the same tips as normal cc's. Following those tips, should result in at least an "A" credit rateing with in a year, and "AAA" in under five. Hope that helps. __________________ If you spend all day worrying about what happened yesterday.....then tommorow will suck too.