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Question

How do I get credit with a low score of 508

Forum|Forum|7 years ago
September 17, 2018
1 reply
0 views

I have a terrible credit score I made mistakes but I want to start off with small amounts of 500 and work from there nobody will approve me

I was in the same boat a little while back. I went to my credit union and got a secured loan. They don't check your credit for this-you give them an amount of money ($500) and they give you a loan for that amount. Make your payments on time, and they report to the Credit Bureaus. It will raise your score over time. I think $500 was the smallest amount they would loan on. You can do this as many times as necessary, just keep your payments up. Hope this helps...