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Thread: tips on improving credit

  1. Senior Member
    KimberlyJ's Avatar
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    #1

    tips on improving credit

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    Anyone have any advice? I'm looking over DH's credit report trying to help him get past debt under control and raise his scores.. I called USAA's financial advising but they are already out of the office until next week so i'll have to try again then, but I was wondering if anyone knows anything about different accounts (I'm aware that some report differently than others and are therefore more important to pay off before others). Whatever recommendations you have as far as seeking advice from other sources or helpful tips to consider, send them my way! TIA
  2. "Saving People. Hunting things. The family business"
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    #2
    Get a secured credit card. USAA has a great one.
    You make a deposit on the card and that is your credit line. If you put $300 on there, your limit is $300. Charge like $40 on there, pay it down to $25. Charge a little more, pay it down.

    Secured credit cards are designed to help improve credit.
    USAA's is really great
  3. "Saving People. Hunting things. The family business"
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    #3
    I'll add to say that when we went to get a home loan, the lender said she has had alot of people do that and their scores raise significantly
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    #4
    I don't know of you guys have any credit card debt, I know the other stuff is a while other issue, but if you do try and pay down any that are close to the limit. The percentage of debt to available credit can make a big difference.
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    #5
    Quote Originally Posted by LovingMyAirman22 View Post
    Get a secured credit card. USAA has a great one.
    You make a deposit on the card and that is your credit line. If you put $300 on there, your limit is $300. Charge like $40 on there, pay it down to $25. Charge a little more, pay it down.

    Secured credit cards are designed to help improve credit.
    USAA's is really great
    I did this to help mine but with NFCU and it worked sooooo well. USAA is amazing and I've always had great luck with them. I'm sure they would be more than willing to help sort it out. Good luck
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    #6
    I like the education center at myfico.com for general information on what goes into your score. Here's an article on usaa.com that also covers the topic.
    J.J. Montanaro is a CERTIFIED FINANCIAL PLANNER practicioner with USAA Financial Planning Services one of the USAA family of companies.

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