*help* improving credit

[jojochiu]

lets jus start by saying <i dont have good credit>...was not too credit smart when i was young..didnt know the importance of it..

i have applied for secured CC to improve my credit and have seen quite problems when cancelling with CapitalOne...dat kinda made me regreat..I also have 2 supplementary cards and would like to know if it can be reported to the credit bureau..the person that gave me the supplementary card has excellent credit history..

would like to know if it can be reported to credit bureau and help improve my credit a little bit?

*help*

[thefleet]

from what i read on these forums, the supplementary card won't be reported in your name to the credit bureau, I may be wrong though

[nuberific]

lets jus start by saying <i dont have good credit>...was not too credit smart when i was young..didnt know the importance of it..

i have applied for secured CC to improve my credit and have seen quite problems when cancelling with CapitalOne...dat kinda made me regreat..I also have 2 supplementary cards and would like to know if it can be reported to the credit bureau..the person that gave me the supplementary card has excellent credit history..

would like to know if it can be reported to credit bureau and help improve my credit a little bit?

*help*

It won't. Good luck.

[Piccolo]

lets jus start by saying <i dont have good credit>...was not too credit smart when i was young..didnt know the importance of it..

i have applied for secured CC to improve my credit and have seen quite problems when cancelling with CapitalOne...dat kinda made me regreat..I also have 2 supplementary cards and would like to know if it can be reported to the credit bureau..the person that gave me the supplementary card has excellent credit history..

would like to know if it can be reported to credit bureau and help improve my credit a little bit?

*help*


http://www.creditreport.com/info/credit-scores/improve-credit-score.asp
Ways to Improve Your Credit Score
Review your credit report for any errors and correct glitches that may not be accurate (but are still hurting your current score). You can obtain a free copy of your credit report by visiting www.CreditReport.com.
Refrain from opening a lot of new accounts over a short period of time, especially if your credit history is on the shorter side to begin with.
Pay your bills on time.
Don't open any credit lines you probably won't use. For example, don't open a lot of store credit cards just to get the initial 10 percent discount.
Instead of moving credit card balances to lower rate cards, try to pay them off. Transferring balances can change the ratio of your total credit card balances to your total available credit lines, hurting your credit score.
Open a few new credit accounts, use them responsibly, and make your payments on time.
Try to use your credit cards less. Even better, pay them off every month. The bigger the space between your total credit limits and the balance you carry, the better. Try to keep your balance below 25 percent (for example, $2,500 if your credit limit is $10,000).
Contrary to what you may have heard, don't close old, paid-off accounts. Credit companies used to advise people to close old credit cards they were no longer using. But closing these cards shortens your credit report and makes you seem less credit-worthy.
Avoid bankruptcy. Declaring bankruptcy is one of the worst things you can do for your credit score. It may seem like the easy way out in the short term, but over time it will cost you tons in the way of high interest rates.

[DanielCarrera]

Do you have any debts currently? Pay them off.

[TopTaxGuy]

Have a chequing account and do not bounce cheques.

Consider small RRSP loans and make the monthly payments in full.

Have only one credit card with a moderate balance (i.e. equal to one month's pay) and pay the balance in full every month.

If you have excess debt, consolidate and get rid of high interest debt first. Cancel and accounts that have been consolidated.

It will take 2-3 years if you R9's on your credit report.

You should obtain a copy of your credit bureau report to see where the problems are. You can obtain free copies from the two bureaus in Canada Equifax and Trans Union. You won't get your credit score, but you'll see which where the problems are. See their websites.

[urban1]

how will that help?

Have a chequing account and do not bounce cheques.

[tkyoshi]

how will that help?

That will only help your relationship with your bank. If you don't bounce any cheques then they are less likely to impose a hold on deposits.