Credit Worthiness

This is a discussion on Credit Worthiness within the Consumer Law Questions forums, part of the Legal Questions & Answers Forum category; I just recently paid off all my past debts that put my credit in the tank. I was wondering what would be the best route to take to slowly rebuild ...

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  1. #1
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    Post Credit Worthiness

    I just recently paid off all my past debts that put my credit in the tank. I was wondering what would be the best route to take to slowly rebuild & show that Iím now credit worthy. Any suggestions?


  2. #2
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    Here is one area you might want to contact a professional who deals in credit repair and see what they think. I have heard it may be wise to pay for something each month using your credit card, then pay it off when the bill comes in. You will be able to build a track record, but always make sure you have enough money put aside to pay the bill. On the other hand, my husband had a credit card that he used to pay a big dental bill with. When the bill came in, he paid it off. Sounds great right? Well, the credit card company cancelled his credit card when he paid off the amount - no reason given - just cancelled. This was a common practice a few years ago, so you can understand my confusion as to what is best.

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    Legalese is correct. However for something like this you probably do not need to contact a professional. Sign up for a credit card and pay it off each month. This will help improve your credit.
    Legal Disclaimer: Answers to questions on this forum are for informational and educational purposes only and do not constitute Legal Advice. No attorney-client relationship is established through this forum.


 

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