| With the financial hardships being felt by the majority | | | | also gives the lenders another piece of security. Some |
| of us, people are starting to look for ways that they | | | | people are reporting that this method isn't as popular |
| can boost their credit scores to a level where they | | | | as it used to be but you still can get credit in your own |
| can be in a position to get finance to renew their | | | | name and having someone else sign to say that they |
| mortgages, car payments and the like. The things we | | | | will pay the amounts owed should you fail to make the |
| need finance for the most. | | | | payments on time. So, it will open doors to credit that |
| - First - Decrease Your Credit to Debt Ratio. | | | | wouldn't otherwise be there so it is important when |
| This means having the majority of your credit being | | | | doing this that you fully commit to make the payments |
| available and not a debt so don't close accounts as | | | | as failure can cause a lot of arguments. Especially if it |
| this will take the credit amount available down. You | | | | has been a close friend or relative that signed and |
| can sort the debt ratio out whichever way suits you. | | | | trusted you to make the payments. Look at it as a |
| Either pay down the debt to increase you credit limit or | | | | second chance. |
| get a store card or pre-paid card that reports to at | | | | - Third - disputing negative items from your credit |
| least on of the credit bureaus. It is critical that they | | | | report. |
| report to one of the credit reporting agencies or it isn't | | | | When you go over your credit report, anything that |
| going to do anything to boost your credit score. It is | | | | sticks out that is negative and is going to bring your |
| always best to start with your bank and develop a | | | | credit score down you can dispute them. Now I'm not |
| relationship over there. They can be your best friend | | | | saying dispute everything. I'm saying look through it and |
| when they see you can manage debts. | | | | even a simple card digit in the wrong place will result in |
| - Second - The piggyback technique. | | | | inaccurate information being shown. Any |
| Also known as a guarantor or co-signer. This show on | | | | correspondence with the credit bureaus (bypass |
| your credit report under financial associations. If your | | | | collectors and go to the bureau) send registered and |
| co-signer has good credit it will look good on you. It | | | | keep a copy of what you send them. |