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I’m trying to fix my credit and Raise My Credit Score what are the steps to do that. I read that if you have any debt on your credit report over 2yrs. do not pay it because it lowers your credit score. Is this true.
It’s a pretty easy process…. but it takes a long time. You have to be patient. I would consider cutting up most of your credit cards and then adding everything up and decide which one to pay off first. Then when you’re done with that one, say you paid $50/mo, add it to the next one. So if you were pay $50 on the next one, you would now be paying $100/mo.
And you probably heard wrong about not paying credit cards. You should pay them, but if you haven’t paid them and you are close to the statute of limitations for your state then do not pay. When you reach the SoL you legally do not owe that money any more.
Also, as far as your credit score it will take a while to go up. Even though credit companies are suppose to report every month, sometimes they don’t. or they only report the bad, not the good.
And your credit score is a calculated formula, so if after you pay off most of your debt, but still have many cards open & with balances, your credit (FICO) score may still remain high until your debt to income ratio goes down. So, if your income goes up, your credit score can also have the ability to go up.
I agree with the previous poster….. do not pay for someone to give you advice. If anything go to your local CCCS.
Good luck!
email me: vetsmom_rgv
i can help 4 free
I’m interested in applying for a department store credit card like Carsons, Target, Wal-Mart, etc. However, my credit is not all that great right now but I would like a chance to RE-BUILD it. Does anyone have any experience with getting a department store credit card but you had bad credit? I appreciate and thank-you guys in advance for your kind answers and intelligent business advice.
It depends on whether or not you have unpaid bills on your report. If you do, it will be hard to convince a credit card company that you’re going to pay them.
You might try local merchants such as American Eagle, or a jewelry store. They’re pretty easy to get.
First, get copies from all three bureaus, Equifax, Trans Union, and Experian.
You will find some things on one but not the other in most cases.
Begin to make arrangements with the accounts that are still reporting active information. No matter how late, get some type of payment arrangement set up with them.
Then, start working on the items that are no longer active. You can tell the last date reported on the bureaus. Try to clean up as many of them as possible.
Stop applying for credit, this takes points away, and does not look good if you have too many inquires.
If you have an auto or mortgage, PAY THEM ON TIME, every month, these type accounts will produce more positive points for on time payments than revolving or credit card accounts.
Good luck, it won’t be easy, but it will be worth it in the long run.
If you have any specific questions, you may contact me directly.
http://www.CrushingTheCreditBureaus.com — Inside You Will Learn 13 Battle Tested Tips & Techniques For How To Fix Bad Credit Scores
Duration : 0:7:47
http://www.37daystocleancredit.com
In this video I sow you REAL proof on how I deleted 1 judgment and 1 charge off my credit report with 1 letter. You’ll see the exact letter Transunion sent me.
Duration : 0:1:49
I filed for bankruptcy in 2007, my current credit score is 640. How can I Raise My Credit Score before purchasing a home?
with a bankruptcy in 2007, you can forget about a mortgage for at least 5 yrs after the BK was discharged – that’s how long it took me – I’m surprised your score is as high as it is with a recent BK
I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?
It’s all tied to your social security number. Business doesn’t matter.
Before you do ANYTHING listen to this. Scroll down and click "Listen to Dave". JUST LISTEN.
http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich
This one audio clip of his CHANGED MY LIFE when I heard it.
Listen to this man for free, on the radio or online. This is like getting financial wisdom from Bill Gates except this guy has a national radio show.
who do i Hire to help me clean my credit report?
There’s nothing they can do that you can’t do yourself, for free. If there are any inaccurate reports, dispute them. You can go to Equifax, Trans-Union and Esperian’s websites and do it online.
I want to apply for an apartment but they need a 625 credit score. I lost my job for a few months and am now behind on two accounts.
My credit score is 597. I can bring the accounts current in less than three weeks but will just that be enough to raise my score those 28 points? I don’t want to waste my application fee just to get rejected.
Realistically you will not see any real movement in your score under 6 months, I have seen some scores move by up by 80 in that time period. Here the blue print I got from http://creditcardwithbadcredit.info
- First pay off your existing credit cards to below 20% of the credit limit
- Second write down the average due dates on all your cards and schedule a mental note to pay at least 2 working days before.
- Use a minimum of 5% and maximum of 9% of each credit card limit monthly (ensuring that you pay off that amount each time monthly, thus keeping your balance below the 30% line.
- DON’T APPLY FOR ANY OTHER CREDIT – This is a big no no because they will ping your credit score and it will negatively affect you.
Thats the basic blueprint if you want results in the shortest time possible and within a year you should see close to 700. Read my source it has a great article.
