Comments on: What are the necessary steps to clean credit report and how long to wait before buying a house?

By: Equifax Personal and Business Solutions: Your Credit Score Report is in Good Hands |

Sat, 20 Mar 2010 18:19:57 +0000

[...] doleful face. Your success or failure in taking out a loan relies on a spread of factors, yet your credit report is the most important factor whether or not you are fit for the loan of your choosing or not. The [...]

By: the dream

the dream — Thu, 04 Mar 2010 19:21:59 +0000

There are lots of ways to accomplish what you want but only 1 best way. If you have lots of time and persistence, you can take a stab at it yourself. I believe, however, that your credit is at least on the same level of importance as taxes (which most people have professionally completed). We partner with a non-profit company that does all the leg work for you and hopes to improve your score 90 points in 90 days. Check out the credit repair link at http://www.totaldebtsolutionsllc.com
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By: progunr

progunr — Thu, 04 Mar 2010 18:41:59 +0000

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Then, start working on the items that are no longer active.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.
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By: Blunt Honesty

Blunt Honesty — Thu, 04 Mar 2010 18:06:59 +0000

"Cleaning" your credit is illegal. You can have incorrect items removed from your credit by disputing it through the credit agencies. If it is a legitimate item, it will stay there for seven years. Paying down your debt will increase your credit score. Increasing your limits (but NOT spending more) will increase your score too. You'd be surprised how easy it is to buy a house. Go try to get preapproved at a mortgage company and see where you actually stand.
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By: Marcella D

Marcella D — Thu, 04 Mar 2010 17:24:59 +0000

You can call my company and get an in depth explanation. Basically, call creditors try to get a credit limit increase or lower interest rate. Dispute all accounts that you disagree with online. Then give it two months to get reported then you can buy your house. michelleb@faref.net
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