General

Ask Experts & Get Answers to Your Questions - ASAP

Ask an Expert,
Get an Answer ASAP!

General

Credit is it true if u take out a secure loan that it will

Customer Question
built your credit score faster...
Credit is it true if u take out a secure loan that it will built your credit score faster
Submitted: 7 years ago.Category: General
Ask Your Own General Question
Answered in 5 minutes by:
11/16/2010
Expert: Teacher Editor, Teacher replied 7 years ago
Teacher Editor
Category: General
Satisfied Customers: 1,339
Experience: I am a good researcher
Verified

Linda Roch :

It will build your credit history, which accounts for 35% of your credit score.

Linda Roch :

Whether it is secure or not should not make much of a difference but usually secured items will give you a steady history as you're paying timely every single month for a while.

Linda Roch :

10% of your score is based on different types of accounts that you have experience with so it may help in this regard

Linda Roch :

however, if your debt to income ratio is negative, then it will hurt

Linda Roch :

so the main thing is to get debt that you can pay timely upon, regardless if it is secured or not

Linda Roch :

Is there anything else I can help you with?

Customer: whats the fastest way to build cresit if u have pior credit rhinkunf of bankrutacy because of husbands ex messing his credit up and we want to buy a house
Customer: hello anyone there
Linda Roch :

Yes

Linda Roch :

I'm here

Linda Roch :

I am a bankruptcy attorney

Linda Roch :

The best thing to do is to get a secured credit card

Linda Roch :

Those are cards where you put money on them first but use them as credit cards and you get points on them like a credit card as far as the credit bureau is concerned.

Linda Roch :

You can apply for them at major credit card companies

Linda Roch :

Also, if you're able to get one, you can get a high interest credit card or whatever regular card you qualify for. Just make sure to charge it only on things like gas and pay it off in full every single month. You should only do this if you know for sure you won't charge anything else, otherwise it becomes dangerous to use.

Linda Roch :

Also, make sure never to reach your card limit as that actually decreases your credit score.

Linda Roch :

If you have current secured debt, paying on time for that should help you as well.

Linda Roch :

Sometimes if you're able to become an authorized user on someone else's credit card account (for example family or someone close who has great credit history), that may help your credit score as long as you remain an authorized user. You don't have to actually use the card and should not. But this is probably the fastest way.

Linda Roch :

Please press Accept if this has helped.

Customer: can you gethouse loans with poor credit with a high downpayment and would banruptacy be easier if his score isunder 550
Linda Roch :

You can get loans with bad credit but the APR will be higher. You can do bankruptcy at any time as this will clear up your credit report and may or may not help your score depending on what it is right now.

Teacher Editor
Category: General
Satisfied Customers: 1,339
Experience: I am a good researcher
Verified
Teacher Editor and 87 other General Specialists are ready to help you
Ask your own question now
Ask Teacher Editor Your Own Question
Teacher Editor
Teacher Editor
Teacher Editor, Teacher
Category: General
Satisfied Customers: 1,339
1,339 Satisfied Customers
Experience: I am a good researcher

Teacher Editor is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

Ellen

Ellen

Consultant

109 satisfied customers

attorney and legal researcher

P. Simmons

P. Simmons

Attorney

142 satisfied customers

45 years old, retired Marine Officer, current attorney

Kim D.

Kim D.

Consultant

34 satisfied customers

Researcher 25 yrs in small and large institutions

SuperiorConsultant

SuperiorConsultant

Internet Researcher

21 satisfied customers

BBA, serving as Marketing Executive and interested in tourism,sports, and anything and everything!

Cher

Cher

Educator-40+ yrs

1,684 satisfied customers

M.A., B.A., Author, Information & Research Specialist

Michael

Michael

Librarian

1,680 satisfied customers

20+ years as information professional

Martin

Martin

Engineer

876 satisfied customers

i'm 41 and i never stopped studying and experimenting

< Previous | Next >

Related General Questions
How do I call Uber, I am a senior and I need to have someone
How do I call Uber, I am a senior and I need to have someone to take me to Dr. Appointments and I live Oviedo Florida … read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
I am set for a pet scan tomorrow at 11:30 am. I was told not
I am set for a pet scan tomorrow at 11:30 am. I was told not to eat anything today except for drinking water or chicken broth or beef broth. There must be something I can eat. I have a headache and co… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
Can someone explain what is trying to be said in this? “I
Can someone explain what is trying to be said in this? “I say, then, that if the temperate soul is good, one that is in the opposite state to this sensible one is bad; and that was the senseless and d… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
Finishing my masters in Human factors. Have used up my 48
finishing my masters in Human factors. Have used up my 48 allotment for classes. Graduating with a Masters In Human Factor.s What will the government pay me to do my doctorate - like what kind of hous… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
We are at a bnb and I think it's a scam due to many hygienic
We are at a bnb and I think it's a scam due to many hygienic issues upon arrival. This house was purchased in 2015 according to my search. 3370 Kingsley Place Victoria BC Many lies and discrepancies… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
I am looking for someone who can help me find a Residential
I am looking for someone who can help me find a Residential Treatment Program for Reactive Attachment Disorder that takes Medicad - Preferrabley in Pennsyvania, Delaware, New Jersey area.… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Just one second. Marion Yu Porclain Girl /25088. Just 25088
Just one second JA: The Expert will know what to do. Please tell me everything you can so the Expert can help you best. Customer: Marion Yu Porclain Girl b/25088 JA: Is there anything else the Expert … read more
Nora
Nora
Accredited Appraiser & Antique Expert
Post-Graduate from Christies London
151 satisfied customers
Teacher only:. Could you please do a little simple research
This question is for Sarah, teacher only: hi Sarah. Could you please do a little simple research for me ?… read more
Sarah
Sarah
Teacher
Master\u0027s Degree
2 satisfied customers
We recently perchashed two Relief Wraps by using the
We recently perchashed two Relief Wraps by using the television advertisement. One wrap was fine, however, the other wrap had a hole in it and the little ball like thing were falling all over the plac… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
What would be the best lab to get your drinking we'll water
What would be the best lab to get your drinking we'll water tested for contaminants , also does it help if you specifically mention a chemical your looking for or let them test for everything ? We are… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Please find the management companies for these addresses: 60
Please find the management companies for these addresses:***** Jersey City, NJ###-##-####Kennedy boulevard, Jersey City, NJ 07306… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
I am running a small business of 15 people. I am running
I am running a small business of 15 people. I am running into a very serious issue with some of my employees regarding attendance. My main question is, how do companies handle employees calling in sic… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Trying to get a phone no. for uber to get to mke airport. No
trying to get a phone no. for uber to get to mke airport … read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Is Israel in Africa or Asia? On the map it looks like
Is Israel in Africa or Asia? On the map it looks like Africa, But I've heard something about plates. very confusing. Please answer and explain. Thanks.… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Teacher only... Could you tell me which site are the best
For Sarah teacher only...Could you tell me which site are the best ones to find inexpensive actors in New York???… read more
Sarah
Sarah
Teacher
Master\u0027s Degree
2 satisfied customers
Indiegogo, Kickstarter, GoFundMe... is there a way that
Indiegogo, Kickstarter, GoFundMe... is there a way that pledgers/backers can drop the name of the person who referred them to the campaign, when they make their pledge?I'm sharing 50% of all raised fu… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Does any one in the stock and bond industry have any
Does any one in the stock and bond industry have any suggestions on who would be a good person to follow with pod cast or you tube videos for advise in stock investing. ?… read more
Michael
Michael
Librarian
Bachelor's Degree
1,680 satisfied customers
Worried my tattoo is infected? That stop where it's red. I'm
Worried my tattoo is infected ? That stop where it's red . I'm taking antibiotics that I think you're first on the skin infection but I feel like it's getting worse and I don't think the anabiotic‘s a… read more
Mary Baker
Mary Baker
Owner
BA
35 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x