How to clean your credit history up, I have been trying to get my credit score up. I have had a auto loan?

refinanced, traded car in got a better car have a credit card, and paid off stuff on my credit report. I have 1 credit card and limit is 250.00, but I am still unable to get credit. I am not understanding what i am doing wrong.

How to clean your credit history up, I have been trying to get my credit score up. I have had a auto loan?
This is how your score breaks down:





A comparison to whats available is good too..





http://www.surveyland.org/jump.php?link=...





All the best to you.
Reply:It takes a while to build up good credit. A credit limit of $250.00 is nothing (I have a Citibank card with a $25,000 credit limit on it). I would try opening up some smaller cards, like a gas card, Sears, Kohls, Target, etc.





Use it and pay it off completely every month. All you can do is to keep using the cards and do not get yourself into debt!!





Eventually you will start getting offers for the larger cards like Visa. Open up another one and again, use it and pay it off right away. They will start to increase your limits as you use it and that will strengthen your credit.





Also, with the current financial crisis, it is going to be harder to get loans.
Reply:If your FICO score is terrible and have bad history, it might take 7 years to clean it up. In order to do that you have to pay off your revolving account balances (credit cards, store cards, etc.) 90 to 100% each and every month without delay. If you did this, for more than 6 months, you could earn 70 to 100 points of FICO score. As for the more longer term loan like auto loan, make regular payment on a timely basis without missing even one payment.





People with bad credit has one terrible habit, that is spending much more than earning capacity. In order to become debt free, not only making regular payments but you need to increase your income. Get a second job if necessasry to pay down the debts. At the same time, curve your spending. Buy what you really need and stop buying what you just want to have like buying a better car and adding more debt.





Wy didn't you just keep the older car and pay it off completely before you got another one? A smart person would have kept the old car, pay it off and waited until he had enough saved up for a bigger down payment on a new car, and only then, buy a new car. The monthly payment will be smaller and the term will be shorter.





You also need to learn from your mistakes. If you keep making the same mistake over and over, keep buying things more than you can really afford, you will never get out of debts.
Reply:To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score you'll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing.





http://www.worldbestloans.com/creditscor...





In order to improve your credit score, it's important to know where you stand currently. Despite all the media attention given to free credit reports you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.