Is no credit really worse then bad credit?
356929
Yes, no credit is worse than bad credit.  If you have never created credit, it is harder to get credit.  You have no history in the system.  \n\nWith bad credit, you have a history, and the companies are willing to take a risk.\n\nDon't ask me why that is, but it's true.
987875
Negative credit can show for 7 years.  realize that everytime you apply for a credit card, it lowers your score, same as if you need to rent a place they do a credit check.  All of this lowers your score.  BMG and cell phone don't really affect your credit in terms of building credit (but they do hurt if you don't pay).  Try going to your bank and getting a CC from them with a very low credit line.  Use it and pay it off every month.  After a while, your credit will increase.\n\nPAY YOUR BILLS ON TIME!!
765312
YES!! The difference between a low and a high interest rate will cost you hundreds of dollars a month and tens of thousands of dollars over the life of the loan. Why are you getting a bad interest rate to start with?? If it's because of bad credit, take 6-12 months and fix your score. It will pay off big time in the end. You can always refinance, but there's no guarantee that interest rates will go down. They may even raise....drastically. So get a good fixed rate when you're in the position to do so!!  Best Wishes!!
1061923
I used to work as a financial counselor and I was suprised how many people were misinformed when it comes to their credit. Bad credit can be a blemish on anyones credit history for a long time, and for some reason there seems to be something magical about the number 7. Supposedly their is a statute of limitations on bad credit that is supposed to disappear after 7 years. Actually that is quite further from the truth. The actual statute of limitations is 7 years from the date of your first defaulted payment. Not only that, but the debtor is not allowed to sue you in court for compensation of a bad debt after that time. It doesn't mean it disappears. So as you probably know, there are many collection agencies that make quite a profit annually collecting on these bad debts. So what does one do if it isn't collecting on it successfully? It can sell it to another collection agency, and all of a sudden your credit report can have 2-3 collection agencies all showing the same debt, but affecting your report 3 times worse! Worse yet, even if you paid a debt and it remains on your report, the only thing you can do is right a formal letter to the credit bureaus to make a notation on the account, but getting it off isn't quite that easy.\nSo the point is you should always try to stay current on your debts, and pay off any outstanding debts that you may have. If for some reason you can't, you can call the collection agency and try to come up with an amicable payoff that you are both happy with, because only they can truly remove that stain from your credit. Debtors are the ones with direct contact with the credit bureaus. \nOne last warning, NEVER pay a company to clean up your credit. This is wasted money, as anything they do, you can do also. Good luck!
973880
False. It takes time to build your credit score. If it were that easy, everybody would be doing it.
490127
I think both would help you build your credit history and your credit score. You need to be carefull about how much you spend from the available credit. You should keep your spending below 30% of the total available credit as your credit score highly depends on your debt ratio (Available credit/Credit Remaining on the credit card).
245224
If you have the money, it is easy. But if not and you will ask for a loan, it will be hard and you may not be able to get the best terms of the loan. You will have little to no credit history, and that is always an impediment.
627916
no credit is sperate based on soc sec #. It will only affect you if you to a loan together.
996048
Credit is a double edge sword.  If your not careful you can buy things you can't afford and then owe everybody.  Then the bill collectors are calling and you can't even pay the minimum payment.  \n\nIf you had bad credit you would never had been able to borrow the money in the first place.\n\nGood credit is great to have and yes it saves you money, but i can also get you into trouble.
990686
it depends on how bad is bad what is your score? I do know that it is generally easier to get a loan through a credit union because the money is directly withdrawn from your weekly check than from a bank but they might not decide to give you the loan based on your prior history. If you have alot of bad things on your report for non-payment especially if they are for alot of money ie behind on your mortgage or car payment then probably not, if you owe blockbuster video for not returning a movie and it went to collections then no big deal, but if you owe alot of people alot of money there is no bank in america credit union or otherwise that will give you a loan. Good luck
475111
Sure if you want to be raped. If you're trying to fix your credit, start with a secured credit card. You know, one that requires 75 to a hundred dollars per year to have and has bad intrest, but don't use if for more than 50 dollars at a time and never make a late payment. After a year or two, ditch it for a better card with no yearly fee. This is a leg up to a better credit score.
307001
It will not be an inquiry if you request the report from the proper site.  Inquiries do lower the score, but usually only if the inquiries are all packed together (showing that you are desperate for money).  An occasional inquiry won't significantly lower your credit score.
132971
Check the smaller banks. I have terrible credit and still have a checking account, visa check card, and overdraft protection.\n\nI found out really quick when I opened my account that the smaller "Mom-and-Pop" banks don't check your credit. The big ones will almost alway deny you or offer you some sort of crappy account that isn't worth it.\n\nI use a bank called City National. If they have them in your area, you might check them out.
123318
Don't do this.  It's a scam.\n\nThere is no way to "fix" your bad credit.  You can only improve it over time by paying your bills & being responsible.\n\nYou can, however, fix errors if there are any on your credit report.  You're entitled to one free credit report a year at annualcreditreport.com
79017
Paying off debt is always best way to look better on a credit report. \n\nJust focus on paying off your student loans and finance a car.  YOu'll be okay.  Unless you have done something really bad like not pay a debt your credit is probalby not as bad as you think.\n\nGet a free credit report from all three agencies\n\nhttp://www.annualcreditreport.com\n\nThey do not include your credit score but it's free and you know how you're doing at least.
972175
is that good credit or bad?
1072401
I thought the others were giving pretty good advice until I saw umdanddvd's response and clicked on his link that he offers. It seems like a paradise of Bad credit, loans, credit cards, mortgages, etc. In other words a place for people with bad or no credit to go and get approved easily for these types of loans. \nI would be very cautious when it comes to applying for so called "No credit check" or "Bad credit" loans. Any reputable lender such as the larger banks, would not lend so easily to someone that is considered a high credit risk like yourself. The ones that do, and do it without credit checks, usually do so with a price. You may have to pay annual fees, abusively high interest rates, etc. \nAs a former financial counselor, my advice is to go to your local bank, where you have your checking account for example and see if they have secured credit cards available to customers. This is part credit card part debit card. Basically you have an account tied to it where you make deposits like a debit card, but use it like a credit card. But isn't that a debit card you ask? Well technically it is, except it shows up on your credit report like a credit card. Therefore it's a good way to rebuild credit. It's great for students too, who have little or no credit. \nBut as with anything else there's the good the bad and the ugly. Make sure you shop around to try to get an account with the least amount of annual fees, etc. You can go to Bankrate.com for a list of secured credit issuers: http://www.bankrate.com/brm/rate/cc_ratehome.asp?web=brm&state=US&prodtype=cc&R1=1&card_type=Secured&card_class=All&max_recs=50 Good luck with your search! And good luck with your situation. Also check out the source link for Do's and Don'ts with secured credit cards.