| You can blame your parents for not teaching you | | | | It's a good possibility that you don't have a car loan or |
| about money or your credit card company for not | | | | mortgage. That is okay. You don't have to have a loan |
| hounding you enough about paying your bills. It doesn't | | | | in order to prove you can pay your bills. You do have |
| matter. You got into credit card debt and destroyed | | | | other bills, don't you? Although they probably won't |
| your credit history. Now that you really do need a loan | | | | improve your credit as quickly, they certainly will help. If |
| or extra cash from a credit card, how will your bad | | | | you have utility bills such as water, electricity, phone, |
| credit history affect your chances of getting a credit | | | | internet, and any other utilities, you must pay them all |
| card? | | | | on time in full. If you don't have a mortgage, you |
| If you've tried applying for a credit card or loan, you | | | | probably have rent; pay that on time every month as |
| already know it's near impossible. You have poor | | | | well. Any other expenses should be the same. Always |
| credit because you didn't pay your bills on time or you | | | | pay on time your cell phone bill, cable, everything! You |
| didn't pay your bills at all. Lenders and creditors see | | | | should always pay these bills on time anyway. |
| this. They've pinned you with a bad reputation. If you | | | | If you have credit card debt, you must pay it off. Don't |
| didn't pay your bills before, why are you going to pay | | | | even think about charging anything to a credit card until |
| them now or in the future? You've ruined your financial | | | | you have your debt paid off. If you are looking to buy |
| reputation and the only way to fix it is to prove that | | | | a house and need a mortgage, you should concentrate |
| you can pay your bills. | | | | on paying off all your debt first. Once you have all your |
| How do you prove this? You pay your bills. You might | | | | debt paid off, you can begin to look for a mortgage. If |
| be thinking, nobody will give you a loan, so how can | | | | you credit is still too poor, think about getting a credit |
| you prove anything? First of all, look at all your | | | | card designed specifically for people with less than |
| expenses. Do you have a mortgage or car loan? | | | | stellar credit. They have low limits and high interest, but |
| Those are perfect to help you increase your credit | | | | if you always pay off the balance every month, you |
| score. If you continue to pay them on time every | | | | won't be charged interest and you will help improve |
| month, maybe even early, your credit will get better. | | | | your credit score quicker. |