Check Systems any info how to repair credit? Free credit Reports available w/ no strings attached?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
I'm 24 now and when I was young and stupid I trusted my ex and we got a joint checking acct. Long story short. I was told by him that he closed the acct(when we we're 19) but actually he wrote a ton of bad checks but did pay the bank. But hey put us both on "check systems". I found out after a year when I tried to get an acct at a diff bank, b/c he threw away my notification. I have no other outstanding debt. and I pay all my bills ontime! I paid off a car loan in half the time in the last two years but I did have a co-signer.
So how long am I gonna be stuck! Can I get any credit cards, if so which?
Is there a free no strings way of checking your credit score?
I am so frustrated w/ being unable to use a charge card in case of emergencies! I know I should have one to build credit too!Any advise appreciated greatly!
Check Systems any info how to repair credit? Free credit Reports available w/ no strings attached?I'll answer your questions in reverse order. Yes, under the law you can request a free copy of your credit report from each of the 3 major credit bureaus (Equifax, TransUnion, and Experian) once each year. You can also request a copy of your consumer report from ChexSystems (free if you have been denied an account within the past 60 days, otherwise the cost is $8.00). I have included the links below.
Until you clear up the mess relating to the old bank account, you best bet will be a secured credit card. To obtain one, you will have to open a deposit account with the same bank that issues the card. The funds you deposit will be the basis for determining your credit limit (e.g., deposit $500, get a $500 credit limit). These funds will be held as security and unavailable for withdrawal for at least one year. If you maintain a good payment record during that time, the withdrawal restriction will be lifted and you will have established a good credit rating from the bank. To search for a secured card with good terms, check out Bankrate.com (link provided below). If you belong to a credit union, try there first, as they will probably have better interest rates. Also, you may want to try Bank of America, as they have a policy of disregarding ChexSystems entries that are more than 3 years old.
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