Student credit cards can be a good choice for a first credit card. Many offer benefits such as cash back, rewards for good grades and credit score tracking. This type of card can typically be obtained by people with average credit or no credit history, however, many lenders will require proof of income. Additionally, the Credit CARD Act of 2009 requires cardholders to be at least 21 years old, unless you or a co-signer have adequate proof of income.
However, it’s caveat emptor when shopping for a credit restoration company to help you, as you’ll want to find one that operates legally, ethically, in accordance with all state and federal laws, and follows the best practices of the industry. You’ll find that Blue Water Credit – Credit Repair Agency is one such firm, with thousands of happy consumers who now have new, improved credit scores thanks to the credit restoration process.

Your credit score is a calculation of your credit risk and how well you use credit. Credit card companies use credit scores to determine creditworthiness. Many creditors use the FICO score. If you have good (670+) or very good (740+) credit, you will qualify for credit cards with better terms. With fair (669 or lower) or poor (579 or lower) credit, you may not qualify for the most attractive card terms. However, there are cards available for those with bad credit.


Apply for a store or gas card, which may be easier to qualify for. If you can’t qualify on your own, consider asking a friend or family member with strong credit if they would be willing to cosign. Applying with a cosigner or co-applicant may help you qualify or acquire better credit terms, but remember that your cosigner or co-applicant also takes full responsibility for payment. That means the credit history will be reflected on both of your credit reports. Be sure to use the card responsibly, maxing it out or making late payments can do more harm than good.
One of the most underestimated factors of calculating your credit score is one’s credit mix. People tend to not even think about the importance of diversifying their credit portfolio. There is a reason why wealthy individuals always talk about diversifying your credit portfolio – it directly impacts your credit score. If you only have a few lines of credit open, and they all happen to be credit cards, this will not look as good as if you had three different lines of credit, like a credit card, mortgage, and car loan. While it may only accumulate 10%, this is still a significant portion to consider.
Lexington Law doesn’t provide a service guarantee because they work via high ethical standards and maintains its services within the laws surrounding credit reporting and repair. Since only the credit bureaus or creditors can actually remove things from your report, Lexington Law doesn’t make false claims such as guaranteeing that your credit will be fixed. Instead, it strives to provide professional, proactive and proven services to help you get a handle on your credit situation.
Please note that we cannot guarantee the results or outcome of your particular procedure. For instance, the government may reject a trademark application for legal reasons beyond the scope of LegalZoom's service. In some cases, a government backlog can lead to long delays before your process is complete. Similarly, LegalZoom does not guarantee the results or outcomes of the services rendered by our legal plan attorneys or attorney-assisted products. Problems like these are beyond our control and are not covered by this guarantee.
In order to qualify for either type of these bankruptcies you will need to show proof that you are simply unable to repay your debts. You will be required to get credit counseling from an agency that has been approved by the U.S. Trustee’s office and this must be within 180 days before you file for bankruptcy. When you complete your counseling the credit-counseling agency will provide you with a certificate of completion and you must file this no later than 15 days after the date of your bankruptcy filing. If you have worked out a repayment plan with the agency you will also be given a copy of it.
Perhaps our favorite secured card, the Discover it® Secured, has numerous benefits for those looking to rebound from a bad credit score. There is a $200 minimum security deposit that will become your line of credit, which is typical of secured credit cards.  An additional perk is the rewards program (very rare for secured cards) that offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically. This card has another great feature: Discover will automatically review your account, starting at month eight, to see if your account is eligible to transition to an unsecured card. Discover will decide if you’re eligible based on a variety of credit factors, and if you are, you will receive notification and get your security deposit back.
The company is clear about average fees ($40 for setup and $25 monthly, not to exceed $75 and $50, respectively) as well as average interest-rate and payment reductions on its website. They also publish detailed “transparency reports” that include debt management dropout rates, savings rates, and client satisfaction rates tracked over several years.
If practice really does make you perfect, the next step is to put your good credit habits into practice. Your bad credit won’t improve until you show your creditors that you have what it takes to build a good score. That means charging only what you can afford and paying your bill on time each month. During this rebuilding period, don’t take on too many credit cards because it can get hard to manage your balances and payments. One or two credit cards is plenty to get you started.
Non-profit lending circles. Organizations such as the Mission Asset Fund (MAF) and its non-profit partners have been gaining popularity and have expended across the nation by providing low-income borrowers a way to get financing while building credit. Organizations such as these can provide affordable loans and report positive payment history to the credit bureaus.
If you’re thinking about filing for bankruptcy, be aware that bankruptcy laws require that you get credit counseling from a government-approved organization within six months before you file for bankruptcy relief. You can find a state-by-state list of government-approved organizations at www.usdoj.gov/ust, the website of the U.S. Trustee Program. That’s the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. Be wary of credit counseling organizations that say they are government-approved, but don’t appear on the list of approved organizations.
With a debt consolidation or online debt consolidation program, you’ll take out a new loan to pay off your existing loans and debts. The theory is that if the new loan has a lower interest rate than your current debts, you’ll save money on interest each month and may be able to pay off your debts faster. Or if the new loan has a longer term, you may be able to lower your monthly payment. Either way, debt consolidation can be helpful to your financial situation.
The ICFE's Certified Credit Repair Specialist (CCRS™) program is the nation's premier comprehensive training and certification specifically developed for credit industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public in credit reporting, credit file correction a/k/a credit repair. Also included is credit scoring plus how to maintain a good report and high score. With the birth of the Consumer Financial Protection Bureau (CFPB) in 2012, it took over the enforcement of the FCRA/FACTA laws from the Federal Trade Commission (FTC) which resulted in many new rules and regulations for the credit services industry.
No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete. Some people hire a company to investigate for them, but anything a credit repair company can do legally, you can do for yourself at little or no cost. By law:
I would get my initial training from a non-profit source where credit repair training is their primary business model,  and they have the interest to protect the industry with standards. They will not attempt to sell you anything but will provide you with a solid foundation on the process of being successful and in compliance credit repair consultant.  After your basic training, then seek a mentor or coach to help you take your business to the next level. Just spending one to two hours of a mentor’s time can do wonders for your business. This can range from 50 to $100 per hour.
It takes time to rebuild a bad credit history. Your credit score considers your most recent credit history more significantly than older items. A good credit history typically has a minimal number of negative entries and lots of recent positive credit information. A few months of on-time payments is a step in the right direction, but it won't give you excellent credit right away. As time passes and the negative information falls off or gets older, and you replace it with positive information, you'll see your credit gradually improve.
The ICFE's Certified Credit Repair Specialist (CCRS™) program is the nation's premier comprehensive training and certification specifically developed for credit industry professionals who are dedicated to educating and assisting consumers, clients, customers, businesses, and the general public in credit reporting, credit file correction a/k/a credit repair. Also included is credit scoring plus how to maintain a good report and high score. With the birth of the Consumer Financial Protection Bureau (CFPB) in 2012, it took over the enforcement of the FCRA/FACTA laws from the Federal Trade Commission (FTC) which resulted in many new rules and regulations for the credit services industry.
If your credit card debt is stacked too high, you might want to use a debt consolidation loan. Debt consolidation will lump your debt into one manageable monthly payment that covers the combined balance on all the cards. Consolidating credit card debt is a great way to simplify the process and could even help effectively lower interest rates than if you separately pay each credit card every month.
You shouldn’t consolidate debt if you have trouble maintaining a steady income. It will be hard to get approved for a debt consolidation loan. This applies especially to credit card transfers because those 0% interest rates are for a limited time only. If you know you won’t be able to pay the debt off by the end of the limited terms, you might find yourself with an even higher interest rate. The 0% interest time might be helpful, but your focus should be on increasing and maintaining your income. 

Our program may affect your credit initially, but many of our clients find that by the time they graduate, their credit scores have returned to the same rate if not higher as when they started. Keep in mind that the purpose of National Debt Relief's program is to help you to address out-of-control debt and become financially independent, which ultimately should help improve your credit. If you're already behind on your bills, your credit score is probably already being affected, in which case the effects of our program may not be as severe.
Errors on your credit report or flat out fraud that has tanked your score can seem daunting to deal with. And while there are options for DIY credit repair, they can be tedious endeavors that consume your time, taking you away from work or family obligations. One solution for repairing your credit after taking this type of hit is to work with a professional service that does a lot of the work for you. Lexington Law is a firm that works with individuals to repair their credit of inaccurate, unfair, or unsubstantiated information.
Hello Everyone, for the past 8 months, I have been battling with my credit score because it was very low, until I met this programmer and senior tech analyst (treatyourself016 @ g m a i l . c o m) through a friend of mine. He helped increase my credit score from 435 to 780 to 820 I was really surprised that he helped me do it within 9days, even though I doubted him at first because he told me to pay an upfront service charge, before any action can take place. After I paid a little upfront fee. he got my credit report fixed within 5-6 days  days, my credit score increased. He also cleans up chexsystem report and the DUI report. You have 110% guarantee of a clean and safe job from him therefore, I advise you contact him (treatyourself016 @ g m a i l . c o m) for a similar service. He is completely good and trust worthy.
When you’re just starting out with your first credit card(s), one of the biggest weaknesses on your credit report is likely to be your low average age of accounts, or length of credit history. This category counts for roughly 15% of your credit score, and if your age of accounts is too low, you might get automatically rejected from a number of cards. In fact my first two rejections ever, for the Citi Prestige® Card and the old Chase Ritz Carlton Card, were both because my average age of accounts had dipped below one year during my first big application spree.
As one of the nation's leading non-profit debt management agencies, ACCC offers a way to consolidate unsecured personal debts without having to borrow more money. How does debt consolidation work with ACCC? In short, we work out an arrangement with your creditors whereby you make one consolidated payment to ACCC each month and we then make the monthly payments to your creditors.

Accredited with the Better Business Bureau, Credit.org has received an A+ rating and four-star customer reviews. Services are usually provided for free, although the company may charge a modest fee for some counseling services. It charges nominal enrollment and monthly service fees for its debt management plans that vary based on the state in which you live. You can contact a counselor every weekday from 7 a.m. to 5 p.m. PT.

×