[greginky]

Here is what I am doing to re-establish positive credit. I had/have zero credit. I haven't had credit in years other than a credit card from Tribute which I defaulted on. I went and bought a tv on payments from a rental place that reports to Equifax. I got a secured credit card from my credit union. I am going to use the credit card to pay my $94/mo TV payment then pay off the credit card each month. That gives me 2 open lines of credit for one payment. There is another rental place here that reports to all 3 CB after you pay an item off. I am going to get a TV stand from them and pay it off in 6 months so that I have another line of good credit. I am in month 3 of getting my student loans rehabilitated, that is 2 more loans. So I am assuming 2 more open lines of credit once they are turned over to a regular lender in September.I am paying off 2 hospital bills that will be done in 4 more months, so they will come off my CR, and I have a few smaller bills that I can take care of. By September or October I should only have the credit card bill I defaulted on left on my CR, assuming I don't get laid off or anything. The credit card bill is only 2 years old and still within the 5 year SOL here in my state, so after everything else is paid off, and I have the ability to pay the credit card in full, I plan on trying the 1 2 punch first to see if I can get rid of it that way, if not, I wanted to make sure I had the ability to pay it in full if that doesn't work. My credit scores are all 3 currently 502, 508, 515. I joined Identity guard so I could watch them, plus I wanted to establish a baseline so I can see where I am at by the end of the year. I hope I can raise the scores significantly by the end of the year, at least to 650 I hope. I don't know if that is possible or not. I was told that when I get my first car loan, that the interest rate will still be high even if I have a good credit score because most car companies look at car credit and I have not had any since early 1992. So I plan on getting a car that I can pay off in 2 years so that I can get a good interest rate the next time. Well, that is my plan, any suggestions?