Trying to raise credit score, cannot get approved?

This is how I'm doing it:

Get one or two SECURED credit cards. You CANNOT be rejected for Capital One's Secured Credit Card, so try them first.. Capital One's secured credit card has a limit from $300 to $750. But they'll need a deposit, that's why it's called SECURED. If you have good credit/no credit, it'll only be $75. If you have bad credit, it could go up to $300. But you'll always get the money back, or Capital One will put that money towards your bill, if you're late once or twice.

***THE KEY TO RAISING YOUR CREDIT QUICKLY IS UNDERSTANDING THE DEBT TO CREDIT RATIO. Your goal is to have more open/unused credit than your debt. Open as much credit as possible (you don't wanna get rejected too many times so only apply for secured cards) and only make 1 purchase on each card every month, and pay it off immediately. The purpose of secured cards is to offer you a chance to show off your bill paying skills. Not to buy a plasma tv and carry a balance for years. Paying it off right away will raise your credit score faster.

So!

Step 1) Open a Capital One Secured Credit Card.

Step 2) Continue paying off old debt, and keep paying all of your bills on time.

Step 3) Make 1 purchase on each card every month, and pay it off immediately before they charge you interest.

Step 4) Order a monthly online subscription to your husband's credit report from Equifax. ($20) And look for any enquiries that were made my accident under his name. Don't ignore this step, it happens all the time. When I applied for my first credit card, they rejected me, even though I had NO credit history. I talked to them and it turned out they were looking at ANOTHER girl's credit report with the same name, even though I gave them my SIN number. So that girl now has an extra enquiry which will lower her credit score, unless she sees it on her report and disputes it.

5) Dispute any unfamiliar enquries to Equifax. They take 30 days to clear off your record and restore your credit score. Don't start disputing left and right, cuz if it turns out you're wrong, they won't pay attention to future REAL disputes.

6) Repeat Steps 2-5 every month and you'll be on your way to high 600's (good credit) or even 700+ (excellent credit) within a year.

Good luck!

My husband and I went through this. What we did was waited 3 years after ALL of his old debt was paid off before applying for credit again. In that 3 year window, we started a savings account, even though we didn't always keep a lot in it, we tried to keep the balance above $1500.

Then we went to apply for a car loan, we were approved for a Second Chance Credit Loan, at 26%! It was high, but we accepted it, it was the only company willing to take a chance on us. We kept that account paid on time for 1 year, then saw a bank about refinancing. It worked, and we got a variable rate loan at 10% (now down to 8, yay!). They took into account what we had saved in our savings account, our history of paying the only credit account we had and our monthly bills on time and in full.

A year later, we applied for a credit card and were approved. We made purchases on it, and paid it off in FULL every month. We didn't buy anything unless we had the money in the bank for it. 6 months after getting the card, his FICO Score was 726. Which is not too bad considering 3 years ago we had a score of 550.

It takes a lot of patience, but it's worth it.

I had the same problem and i just started a new job which is in a field were we do credit checks on people and one thing i learnt during training is to improve his score you need a good year of bills paid on time and never missing credit card payments thats a real tricky one so maybe give yourself another 6 months of clean bill payments and retry, do not keep trying different places because the more you will be denied the worse off your rating becomes because each decline is noted down in your credit history, so when you finally get credit you will get it at higher rates because of history. Times are tough in the economy the banks and companies are tightening and being strict on who gets credit for fear of potential defaulting customers. Just be careful. At the end of the day good old work hard for your money save up and spend would be better for you in the long run.

Try the in store credit cards like Macy's, Old Navy, etc. They usually have high interest rates, but it's worth it in the end. Just be sure to almost pay off the whole amount due every month.

I would also keep trying for different gas cards and credit cards. You will almost always find somebody that will open the account and take the chance.

Go buy a book titled "Debt Proof Living" by a wonderful lady named Mary Hunt. Also, go to the Federal Trade Commission's website and research everything you can on consumer debt, credit, etc. It will take a lot of work and there is no quick fix, but you should be able to make significant improvements in 1-2 years. Start now!

credit is very hard to get today for those who really need it. You should post his score. Regardless, if you were turned down for a credit card from a gas station issuer, you have pretty bad credit and need to rethink the way you do things, entirely. Do you have a savings account. Are you living within your means? If you answer yes to both, then consider credit. Apply for a passbook savings account where you have a savings account. Good luck.

The less activity on your credit, the better your score will become over time. Keep paying your bills on time, do not apply for any additional credit--such as store cards to get the extra 20% off your purchase-, do not check your score frequently or permit others to do so.

Get the picture? Every time there's activity on your credit score,it drops a few points. In time it will begin to improve.

open up a savings account at a bank. take out a small secured personal short-term installment loan from the same bank using that account as collateral. make the payments on time.

you can do this at a few banks, just wait a few months between opening accounts. you should be able to raise your rate about 100 points.

you must be organized & diligent with your payments.

good luck.

yes buy a car get a loan and pay it late each month