Hi everyone, I am at that point where I think it may be time to start rebuilding my credit. I currently have 2 student loans that I have never been late on and was wondering if I should try to apply for a credit card or is the student loan enough for rebuilding? My husband has no loans but did reaffirm two cars in our chapter 7 and has since paid them off. He has been getting offers from our credit union to apply (no wording that says he was pre-qualified) for one of their visa cards. He absolutely hates the idea of getting another credit card but I think now is the time to start rebuilding. What are your opinions here?
top Ad Widget
Collapse
Announcement
Collapse
No announcement yet.
Can I rely only on my student loans to build my credit?
Collapse
X
-
The right "mix" is also a factor for the best credit. In addition, your utilization on a revolving-account like a CC is one of the main factors of a high credit-score. So if you don't have a CC, you won't get a great credit-score.
What about obtaining a secured credit-card?Filed CH7 9/24/2010, 341 on 10/28/2010, Disch.&Closed: 1/6/2011. FICO EX: 9/2: 672.
FICO EQ: pre-filing: 573, After BK Public Record: 568, 10/3: 673.
FICO TU: pre-filing: 589, After BK Public Record: 563, 9/2: 706.
bottom Ad Widget
Collapse
Comment