It takes positive credit to have a great credit score. The more credit you have and the longer you have had credit the better. The easiest, least expensive credit lines to get when you start out are revolving lines. Some are availible to those with poor or no credit. A few ever offer larger lines of credit. You do not need to keep a balance owing.
As a matter of fact you should not use over 30% of your revolving credit limits. Eventually you will need to develop a mix of revolving, installment and mortgage accounts to maximize your credit scores.
Let’s get you on the fast track!
This is the fastest and most cost effective way to get established credit lines on your report. If you have someone in your life who knows you, loves you and trusts you that has good credit, they can help you fast track your credit.
This happens by them adding you to some of their existing revolving credit card accounts as an authorized user. The best lines have been established a long time and have high credit limits. They should not carry high balances as this can be bad for your score.
You do NOT need to possess the card or have access to the account. So the account holder is not at risk. Your credit will not migrate to their report.
When Considering This Option Keep in Mind:
You will get the credit history of their credit line on your credit report.
They should have a good long payment history on their account.
They should never use over 30% of the credit line.
The older the account is and the higher the credit limit the better.
You just need to have the card issuer add you as a authorized user.
The card can be mailed to them and they may remove you any time.
This will help you to qualify for better credit lines of your own faster.
Remember you still need to open credit lines of your own as some of the FICO
mortgage scoring models will not score authorized user accounts.
These vendor acounts are extremely easy to qualify for. They are very strong on your credit report. They may only be used with the originating vendor.
You can put $15,000 of individual revolving credit lines on your report quickly.
This is an pretty inexpensive way to establish a lot of positive credit And raise your scores quickly.
You Must Meet the Following Criteria To Qualify:
Be approved by the Finance Department
Place an initial order of $100.00 or more
Digitally E-Sign Contracts
Complete down payment
You Must Meet the Following Criteria To Qualify:
This Program Is phasing out and may be unavailible.
Please stay tuned for the new
monthly with up to 8K credit
Be approved by the Finance Department
Place an initial order of $100.00 or more
Digitally E-Sign Contracts
Complete down payment
You Must Meet the Following Criteria To Qualify:
Be approved by the Finance Department
Place an initial order of $100.00 or more
Digitally E-Sign Contracts
Complete down payment
The only service that reports to all 3 Bureaus
Guaranteed to help your credit score
Reporting is done monthly
Fantastic option to increase your credit mix if you have 0 installent loans
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