Repair Credit Report Help
repairing credit?
I just tried to get a new car & my interest rate came back as 15%. I only have 2 outstanding accounts both under $200 and one is a medical bill. I will pay those off asap but what else can I do to repair my credit. I don't have any credit cards. Is that a bad thing? The only open account I have on my credit report is my car payment which has NEVER been late.
Public Comments
- I would check with different dealers and I would also wonder if you should wait until the accounts are taken care of first.
- Sounds like you don't have ENOUGH credit.....this is just as bad as BAD credit...try getting a credit card with a low limit so you can get some revolving credit...I really don't know how much a medical bill hurts your credit so if you get that paid off you should be even better.... You mention another outstanding account ~ is it collections? IF so that's a big negative factor but without knowing what it is I can't suggest anything but to pay that too...
