CREDIT TIP #10 


ADD NEW POSITIVE REFERENCES

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Try adding new and positive references to your credit report.  New and 

positive references include secured cards (see tip#19) finance company 

accounts, and one-time references.   It is important to point out that 

not all loans will help you rebuild your credit rating. Avoid accounts 

that will not report prompt payments to the credit bureaus. 

	

Some companies such as gasoline cards, furniture stores, and mortgages 

will not report to credit bureaus unless you become a couple of months 

delinquent.   If you would like them to report on a monthly basis then 

at the time of application you can request this.   If you went through 

Consumer Credit Counseling Services  to help you with the negotiations 

with creditors,  they will usually be able to help you establish small 

accounts with Sears, JC Penny, and mercantile bank. Contact your local 

CCCS branch or call 1-800-388-CCCS for the offices nearest you.

	

Landlords and others that you pay on a monthly basis can also report to 

the credit bureaus.    Some people have been know to request that their 

landlord report their prompt payments  to the major credit bureaus on a 

monthly basis.  The fee for doing this is picked up by the tennent.



YOUR APPROVAL ACTION PLAN

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1. ADD ACCOUNTS THAT WILL BUILD POSITIVE REFERENCES.

2. USE A SECURED CARD IF YOUR CREDIT IS POOR.

3. APPLY FOR NEW CREDIT!