Repair My Credit Now
Young and need to repair credit…?
I am twenty years old and I’ve acquired a lot of debt over the past two years. I owe capital one $650.00. I have a car note that’s late most of the time and when I was 18 my uncle rented property in my name and was evicted two months b4 the lease was up… not to mention student loans. Can anyone give me any advice on where to start as far as repairing my credit. I would like any good budgeting tips, websites or books. I’ve seen my parents make this mistake and I just want to start repairing my credit now so when I am done with school I can move on with my life and make better decisions as far as credit goes.
ONE MORE QUESTION… are those secured credit cards worth the price tag???
* I work a part time job getting paid 12.00/hour. I work about 52 hours a week
Well start by not getting any more credit cards at all!. Secondly, you should not only make your payments on time, but if possible, pay them 2 weeks before the due date in order to avoid finance charges. You don’t say anything about having a job. Do you own your car or are you still making late payments? Do you own anything outright? If so, check into a consolidation loan. $650 is nothing to owe, but quit using the card. Cut it up and write a letter to the company closing the account (yes you will still pay the $650 but you won’t accrue any further debt). Above all else DO NOT go to a payday loan or car title loan place, they are rip offs. I also question why / how your uncle rented property in your name, that constitutes fraud.
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