Archive for the ‘debt’ tag
Bad Credit Score Loans
my credit score is 640 I have 2 loans from my bank a total of 19,000 I have a bad credit history?
my 2 loans that I have out have not missed a payment ever, will my score go up? im not taking out a credit card, but I get offers from capital one. how long you think it will take to get to 700 oh all previous shit on my record is set to go away in 2012 and 2013
As the derogatory things get older they have less power. By the time they finally age out, they will not make much difference in your score. Make time payments on the two loans is to improve your score. It takes a while to overcome the negative. You need at least 2 years of consistent, time payment history to improve your score. A credit card can help build your score. If you use it for regular purchases and pay in full each month, it will build more good payment history and no interest cost. A mixture of credit cards and installment loans provide a better credit history and score.