Credit is going to be getting better soon

I am finally feeling a little more confident about my credit. I did have a few things removed from my credit, which will help. I have also now received my secured credit card. I have decided to use it to pay my storage bill every month, and then pay it off. This will help prevent me from using it for unnecessary purchases. The balance owed monthly will be less than half of the available balance, and it will be paid in full every month. Those two factors can greatly increase your credit score in a shorter amount of time.

In addition to my secured credit card I have been paying my monthly payment to the government student loans. I have paid the payment on time for four months now. After six months I will be able to get additional student loans, and after 9 months my student loans will actually go from a negative on my credit report to a positive.

I am figuring that my credit score will be increased by at least 100 points by April of 2011 with the things I have been doing. After my score has been increased and has some positive transactions on it I will then try to get financed for a reasonable car. This may be a little more difficult with my low income, but I am hoping that my income will actually be increased as well.

In other areas of my life:

I had to go to the hospital last night due to being sick. I have bronchitis, which is not to bad. The news is that they listened to the heartbeat and actually heard two in addition to mine. I am not 100% positive about it being twins, but it is enough to have me terrified. I am a single first time mother with a small income, and to have two babies is very scary for me. I am scared, but I know I will get through it. I feel as if this was a plan from God, and it is what he wants. I will get through it with planning, support from family, and hopefully increasing my income.

Credit Repair

Since I have been working on my credit for a little while, and have learned some of the steps that actually work, I wanted to share them with everyone. I wrote an article today on Firehow. The article is How To Repair Your Own Credit. In this article I have provided steps that I have taken to help repair my family, friends, and my own credit at one time or another. In one instance I was able to increase an individuals credit score by 100 points within a year. Even if you already have decent credit, it will not hurt to try to make it even better.

Secured Credit Cards

I have been looking into a variety of different ways to improve my credit. I have not gotten my score recently, but I am sure it is well below 500. This is because I have not been focused on it for one reason or another. I do not have a lot of bad things on my credit report, but I do not have resent positives either.

To have a better credit score you need current positive items. This is why I have been looking into secured credit cards. These cards allow you to put money down on a credit card, pay payments as with any other credit card, and they do report it to the credit bureaus.

Today I did a look on Google and found a few cards that interested me. I chose the Capital One Secured Credit Card. For me it seemed to be the best option. There is also a list of different secured credit cards on Credit.com. The application process took about five minutes, and was very easy. They also allow you to pay your security deposit over time. I will probably be putting my deposit within the next couple of weeks.

I am hoping that this secured credit card is going to be the beginning of me building my credit again. I am sure it will take more than just this, but it is a start.