What's the best thing to do to fix your credit?

Answer 1

Pay all your current bills. Save as much money as possible and the next time you get a lump sum of money like tax time..take the money you have saved and the taxes and pay them off at one time.

Answer 2

Make sure you don't have too many credit cards, I would reccommend no more than 2 or 3. Also, ensure your balance isn't close to the credit limit on the card. If it is, then ask the credit card company to raise your limit and then cut the card up and continue making payments without using the card to charge anything. Another thing I would reccommend is getting a copy of your credit report to see if there are any "old" credit card accounts that your paid off and closed... sometimes, these can show as still being active and open. Go to freecreditreport.com to see a copy of your credit score and report. Just remember, this takes time. Good Luck!!!

Answer 3

It depends on a number of factors: How much do you owe? How much is secured debt (mortgage, car loan, etc.)? What is your monthly income and is there enough left after all monthly necessary spending and paying of bills to put towards paying off the debt? If not, can you take on a second job to pay the bills down?

If not, then you need to look at bankruptcy. Does your family earn more than the average family income for a family your size? If not, you can file chapter 7 and your unsecured bills will be discharged. It will cost you $299 for the filing fee and between $700-$1200 for legal fees.

If you earn more, then your monthly expenses have to be considered, and you still may be eligible for c. 7.

If you have some extra money each month, but not enough to stay on top of the unsecured credit, consider a chapter 13, where you will be able to pay all unsecured creditors the same percentage, and all interest and other charges will stop accumulating, which will not happen if you use debt consolidation or try to pay on your own.

Answer 4

Pay off any old debts that are still outstanding. Once you are able to qualify for a credit card use it and pay every penny of it off every month. This will fix your credit. I had awful credit in 2001, and doing this method, I was able to buy a house with a great interest rate in 2005.

Answer 5

Pay your bills ON TIME, all of the time over the next several years. Pay down your debt and get rid of your credit cards and only keep a line of credit if you intend to pay it off every month.

Answer 6

Just make sure to pay off all of your bills as soon as you get them. There is not really a way to improve your credit quickly without taking financial risks.

Answer 7

Get one of the prepaid credit cards, and pay it off as you go, or if you can get a small limit credit card and pay it off as soon as you purchase something. But the pre paid credit card will build it faster so said my bank

Answer 8

Pay your bills on time. Buy something on credit you can easily aford to pay for, and make sure you pay it every month. (For example I bought a motorcycle on credit in my youth despite having the money to buy it with cash.) Look over your free credit report pay off or challenge every bad thing on it.

Answer 9

Spend wisely, do not charge the credit card if you don't make enough money to pay for it.
Pay on time, and only have one major credit card.
If you have unused credit cards, close them because they can hurt your credit too.

Answer 10

Start paying off your debt, and pay upcoming bills on time.

Even if this means consolidating your debts for a while (which will hurt your credit rating), it will help a lot in the long run.

Answer 11

you can check my profile for a link to a company that has this in its text
you will receive immediate online access to our Exclusive Bad Credit Lender List and Credit Repair Kit.
you need the kit