What is a quick way to repair your credit?

Answer 1

There isn't any quick way. Only time heals your credit, plus you have to pay everything off. However if its more than a year old, you can sometimes settle for a small percentage of the total, which makes it cheaper and faster because you can close it all off as PAID.

Once paid, you can get new credit (at a premium price) to replace the bad stuff.

Just be sure you've learned how to manage your money first. If you aren't saving 10% or more of you net income every month, you haven't learned how to manage money yet.

If you settle it all out, and get new credit, you're looking at about 2 years to okay credit. Quite frankly a BK will do it just as fast.

Answer 2

Hi
well to get you started you need to get the address of all three bureas then write them for a free copy which is given every year all we have to do is ask for a copy. then sit down and make a chart of your budget what you pay and how much you make then, make a log of how you pay your bills, and keep a record of that, then if there was a bill after you recieve your credit report and you see that you need to pay then write the company and ask how you can settle the account, then go back and add each account to your budget,then again you can see where your money is working for you and not you for your money/ It works also go to your bank and ask them to give you information about the secured savings account which will help you with your credit a whole lot

Answer 3

Pay your bills on time. There is no quick way legally to repair damaged credit.

Answer 4

The quickest way is to get your credit balances down below a 50% balance and make your payments on time. You DO NOT need to pay them off to help your credit. Do not close any account unless they are collections as well. PAy off any collections. Good luck.

Answer 5

First pay off the least of your bills. Example $50.00 a month. Two later you have paid that credit card.
Now you have another credit card at $300.00 and your minimum payment is $50.00. Well, add the two $50.00 a month together and pay it off twice as fast. Once done, now you have $100.00 a month extra.
Add that toward the $700.00 credit card. The minimum payment is $75.00 a month.
Now you have a total of $175.00 to pay off .. you get the picture!

Answer 6

You have to raise your fico score first,Try to be in the 690-fico score-good credit-delinquent bills not paid and sent to collection stay for up to 6 years even if you pay them so if you have a collection unpaid over 1 year -leave it and wait no choice.Make sure you are below your credit limit before your due date-then wait 3 days later and do your fico score-If you are unclear about this -e-mail me and I could explain in more detail.-Good-Luck.

Answer 7

talk to your creditors and arrange "payment plans" so you don't keep accruing late payments.

Do NOT apply for anymore cards, accounts or credit until your rating has gone up.

Stop junk mail and contact credit agencies to set up screening on your records so that "Card offers" in junk mail will stop- you get dinged everytime they check your credit to send you an offer.

Quit living beyond your means, don't use SHOPPING as therapy. GOOD LUCK!

Answer 8

If a persons credit is so bad how can they get a loan to pay a cc bill?? I also figure if you cant make your regular payments what makes people think you can pay on a plan?

Answer 9

there is some great tips on debts and credit in this article

Answer 10

Pay your bills on time and if you have some extra money pay more on your bills to help pay them off faster.