Building Your Credit in Two Quick Steps
By Amie Cleghorn

"I'm sorry, you just don't have enough credit." Have you heard this before? Been turned down for a new home or car because you had too little credit? If you're like many Americans, odds are you have. More and more Americans are turning from credit purchases for small items in an attempt to "clean up" their credit files. In general, this is a good thing. However, there are circumstances when you actually need to have credit; even slightly damaged credit can be better than no credit at all.

"How can I establish credit if everyone denies me because I don't have enough credit?" You may be asking yourself that question, or have asked it in the past. Establishing credit is a simple and easy process. Many companies will work with you to help you build your credit file. Follow these quick steps to establish and build credit.

Step 1. Collect payment history statements and letters of good standing. Everyone has creditors, even if you pay cash for all your purchases. Creditors are any agency or company to whom you owe a regular payment. These include rental agencies, telephone companies (residential and cellular), pager services, utility companies (electric, gas, water, etc.), even automobile insurance agencies.

Simply call or write the agencies and ask for a payment history ranging from 3-12 months, as well as a letter of good standing. Contact any agency you pay on a weekly, monthly, quarterly or yearly basis.

Step 2. Submit payment history and letters of good standing. Gather the payment histories and letters and take them to the local branch of the credit bureau, or mail them to one of the three major credit reporting agencies. Include a letter explaining that you would like the items to be added to your credit report.

Equifax Credit Information Services, Inc.
PO Box 740241
Atlanta, GA 30374

PO Box 2000
Chester, PA 19022

PO Box 2104
Allen, TX 75013

Many companies will help you obtain the payment histories and letters of good standing. Often, they will even assist in submitting them to the correct agency.

Items submitted to credit agencies should appear on your credit report within 30 days. In some cases, the additions may not appear for 90 days. If sufficient time passes without any response, follow up with the agency to find out if there is any other information needed to process your request.

Amie Cleghorn is a married mother of two and Home Mortgage Loan Originator.


Visit our chat boards
Business Opp.

Cognigen Business Opportunity
Helping people earn from home since 1992.

Home | Forums | Chat | Shopping | Advertising | Link To Us | Sponsor a Contest |
| Media | Parent Business Directory | Direct sales Directory |

Also Visit: Busy Parents Online | Busy Parents University | Busy Pets | Busy Homeschool
| Parent & Family Niche | Busy Family Network | BFN Hosting

Privacy Statement. Visit our Liability Disclaimer page. BPO is for entertainment and educational purposes only. It is not meant to replace the advice of a professional. Check with your providers before following advice or content herein. ©1999, 2000, 2001, 2002, 2003, 2004. BPO is property of the Busy Family Network (BFN), All Rights Reserved. No part of the website, newsletters or other materials can be reproduced in any form without written consent. Parts of the site and materials include, but are not limited to, graphics, copy/content, HTML, Meta tags, template and web layouts or other features. Each web page and its source code is valued at $5000 US. By using any part of any page on BPO without permission, you are agreeing to pay the owner and/or the artist/writer $5,000.

Owner: Women's Focus Webmaster: Busy Family Network. Hosting By BFN Hosting.