My credit measure is a 543. How can I validate for a bad credit loan which isn’t a payday loan to set up which measure up.


Rob September 24, 2013 at 2:50 pm

you do not .
you learn to earn so u can pay off
your bills and bad credit.
then in few years it will heal.

read “Total money make over”
by Dave Ramsey so u don’t end
up homeless.

Calvin C September 24, 2013 at 3:26 pm

payday loans do not help credit. no lender loans to bad risk

This answer is not popular but I am one of the few with over 800 CS and this is how I and everyone like me started. Best cheapest way to establish credit is a secured bank loan pay off over 7 months and repeat until you can get an unsecured one. Getting a CC to start your file is not only stupid because even if you get one the limit will be so low you will cause more harm then good using it it is stupid because until you have practice paying debts CC offer to much freedom

StephenWeinstein September 24, 2013 at 3:30 pm

You can take money (your own, not borrowed) to a bank that offers “secured” credit cards to depositors with bad credit, deposit the money, and get a “secured” credit card from that bank. September 24, 2013 at 3:32 pm

Building up credit takes time. The most important thing to remember is to make your payments on time. You want to make sure that all of your credit is reported to the major credit reporting agencies.

Since your credit is so low, I would recommend looking for these types of loans/credits:
1. Take out a Secured credit card.
2. Take out a Secured installment loan.
3. Take out a small installment loan for furniture or appliance.

If you have a relative who trusts you, then look into:
1. Becoming an authorized user on someone’s credit card.
2. Getting a co-signer on an unsecured loan.

Avoid taking high interest loans that will just get you trapped, especially payday loans. Here is some good advice from’s article :

Avoid any online lender who requires you to pay an application fee or the first-month’s payment before funding your loan. Here are five signs of a loan scam:
1. Lender is based outside of the US
2. You must pay a fee in advance using Western Union, MoneyGram, or a cashier’s check
3. The lender is neither a well-known national bank nor a local lender
4. The approval process is instantaneous
5. Interest rate is too good to be true

Once again, establishing credit takes time. Build a sound financial plan (a budget), take new debt slowly and make sure that your can make your monthly payments. (Better to use the card and pay it off each month). Finally monitor your credit report to make sure that only accurate information appears.

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