My credit score is in the low 600s. I have a fairly high ratio of debt too, but I should have most of that taken care of in the next couple of months. In my whole credit history, I only have one late payment and that was 3 years ago. Thanks for the advice.
Access Group uses Experian. The 18,500 is a gaurantee - anyone can get this (unless default on student loans). Private loans will take co-signer if you have poor credit. If your credit is absolutely horrible they will even allow for someone else who has good credit to sponsor you.
Quote from: Jbennion on April 06, 2005, 03:37:31 PMMy credit score is in the low 600s. I have a fairly high ratio of debt too, but I should have most of that taken care of in the next couple of months. In my whole credit history, I only have one late payment and that was 3 years ago. Thanks for the advice.If there's any possible way, pay off the bills quick. Then call the creditors and ask if there's any possible way that they'll report to the bureaus sooner than their normal cycle to indicate the payments. If they won't, find out when they report - larger companies report monthly, some only do it quarterly. Your score won't go down until they report. Another possibility would be to do a dispute on the phone/on-line through equifax immediately after you pay it off. That might get the payment showing sooner - within 30 days anyway. - and keep all of your payment receipts to prove things are paid off.Best of luck. You should be fine.
My problem is that I have lots of credit cards that are about 2 years old and after 3 years those accounts are considered "old" and "stable" and start boosting your score. I pay them all on time and have never missed a payment. I just made some mistakes in opening up too many cards a few years ago and my credit score is hurting for that. And even though I am paying my bills on time, my score is still hurting. I just wrote Access Group and they said that they couldn't give me thier magic number for minimum credit score needed for approval.