Pauly asked:
I had a bankruptcy about 4-5 years ago now. I did nothing for several years and 6 months ago I bought a newer model car with a cosigner. A few months ago I got a small line of credit (credit card) and I just bought a couple items from a fingerhut account. Is this enough to build some good credit? I also just bought a business and I’m hoping to buy a house in 2-3 years as well as another car in my name only. Am I on the right track or is there more I need to do? How long will it take to get enough of a good credit score to buy a house, car, etc on my own?
Related Blogs
- Related Blogs on build new credit
- T-Ville Fire Begins New Station Outreach
- A model for a real virtual economy
- Related Blogs on restore credit
bankruptcy goes void after 7 years on credit. keep up what you are doing.adding a credit card lowers a credit score but make timely payments and it raises credit score.
make small charges and pay them when the bill comes in .
you can also get a secure credit card(you can only charge up to what you have deposited )always pay the bills from it .after your credit score comes up cancel the secure card, your deposit will be refunded to you with interest.(capitol one anyway)
good luck in your endeavor.
keep checking your credit score time periods will vary.