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Rebuilding Credit Hello, my scores are in the low 500. I need to rebuild, ?
Does any one know any compaines that will give credit to someone with low socres? I am planning to buy a home in 2 years and I was told I need to get my score up to 700 and I was also told I need to open some accounts. Thanks for your help
Thanks for your help thus far but I need credit card compaines that will allow me to open an account with a low score (500's)
3 Answers
- Ed AtunLv 71 decade agoFavorite Answer
www.Prosper.com
www.Zopa.com
www.LendingClub.com
Private people bid to loan you money. You will need to explain to them why you had trouble paying in the past, but you will pay now. One person might loan you $5,000 or 500 people might loan you $10. They bid on you. If you are risky, you will pay 11% interest to them..
- Anonymous1 decade ago
If you have $500 in a savings account, you can convert that into a secured credit card. Most banks can set it up for you. If you have $2000 in a savings, you can get a secured loan for 24 months and pay it back in 12. Do not go to a credit union because most do not report to the credit bureaus in order to keep the cost down
Source(s): Retired bill collector 35 years - abigreturndotcomLv 51 decade ago
Get a prepaid credit card and use it once then pay it all off.
Credit is scored by having available credit that is not used.
