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were rebuilding our credit after theft?
as of today we managed to get a vehicle financed that is being reported to all 3 credit bureaus and also fixing to get a credit card and need iideas for a 3 line of credit to rebuild our credit.was told by home finance compay that after paying on 3 accounts for 3 months at least can get financing on a home.any ideas for the third one.we have an account at a furniture store but they dont report tp credit bureau which is what we need.any ideas to further help would be appreciated
they said our income was no problem just lack of credit is so yes it is believeable that in 3 to 6 months it will happen
yes im talking about identity theft and did work with someone who supposedly would help us,all they did was charge us to do what we could do on our own free of charge and took the stuff that was ours off report that was good but left some stuff on there they should have taken off which we have to pay off causecant get financing if we dont.and companies refuse to remove it said they dont care if its ours or not they want there money
2 Answers
- 1 decade agoFavorite Answer
Do you have a bank account?
Do you have any savings?
If you have $500-$1000 cash, you can get a certificate of deposit (CD) with the money at a local bank. Some banks require a minimum of $1000.
Use the CD as collateral and borrow the money from the bank.
Ex) You put $1000 into a CD. Then you borrow $1000 from the bank and give them the CD for collateral. Generally your interest rate on the loan will only be about 2 or 3% above the rate your receiving on the CD.
So if your CD is paying 3.5%, you could get the loan for around 6.5% (all banks are different)
Make the length of the loan for six months. Make your payments on time. The banks will report this to the credit bureaus.
For more info and credit rebuilding products, visit my website,
www.LoanSourcesForBadCredit.com.
The site is still in the early stages but their are some interesting things that could help you.
JP
Source(s): www.LoanSourcesForBadCredit.com - 1 decade ago
Are you talking about ID theft? I work with a company that specializes in helping people clean up their credit score. They also workk with Identity theft. I have never heard of talking out more credit to fix the problem....
email me if you want more information scottseb@hotmail.com
put Credit Trax in the subject line...
Hope this helps
