what is the quickest way to raise BAD CREDIT?

Answer 1

There is no quick or easy way. It took time to ruin your credit it will take time to fix it. I would recommend reading the forums at creditboards.com to learn how to get some of the bad stuff off. In the mean time pay all of your bills on time and make sure you have at least one good open line of credit so you can start rebuilding.

Answer 2

Here's what you do:

1. Pay off all debts, credit cards, charge-offs, judgements, etc.

2. If you have a card, use it carefully and pay it off EVERY month. Never carry a balance. If you do not have a credit card following this bad period, you need to earn one. Get a secured credit card, which is prepaid credit. You pay in $400, for example, and then you get to spend $400. Never miss that monthly payoff to zero. I mean not one single time. If you can't pay off a purchase in 1 month, you shouldn't be buying that item.

3. After you've recovered a bit, and you have some savings and a real credit card, apply for a small loan, to buy a car or fix up the kitchen, whatever. Do this even if you had more savings in the bank than your loan amount. You are using it to prove you are trustworthy.

It all contributes to your credit score. Keep track of all 3 of your Transunion, Equifax, and Experian scores.

Answer 3

The quickest way to raise bad credit is THROUGH TIME!

You must show at least 24 months of perfect payment history on ALL ACCOUNTS before creditors will take your "rehabilitation" seriously.

This two year period, however, does not mean that they forget or don't even take into account your shady past, but they will see that the "crack credit" addict in you might actually be dead!

:-).

Answer 4

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Answer 5

Well i had the same problem so what i did was take out a school loan and payed off on time and little do you know my credit got better cause once they see you can pay things on time u get more credit points which improve your credit.

Answer 6

Pay your debts down. Make regular payments. Unsecured credit card debt that is close to the max, try to pay it down some. It will take a while, but that's the best way to do it. Just make those payments! Then, try getting another card, charge stuff on it, then pay it off before it gets interest. I also heard having a steady job can help.

Answer 7

Three Suggestions 1) Consolidate your debts 2) File bankruptcy (bankruptcy is not advised for all cases) 3) Contact a credit counselor:


Ways to Consolidate Debt

Consolidating debt is an ideal way to reduce your amount and tenure of debt. You make a single payment to one lender on a certain date and this will help you clear off the debts faster. But the fact remains that debt .....

http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html


How to Avoid Bankruptcy Explained

With the rising consumerism, aggressive advertising campaigns and increasing incomes, people are living well beyond their means. As a result, they are burdened with heavy debts. If they are unable to repay the dues, they have to file bankruptcy. Bankruptcy is the last resort when you are reeling under financial problems....

http://www.debt-explained.com/category/How-to-Avoid-Bankruptcy-Explained.html

Credit Counseling Programs

When you are stuck in debt, consider all the available options. You will need to work closely with experts who will provide right guidance to clear off your debts. Credit counseling agency is one such set of experts, equipped to fight debt. These agencies ....

http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html

Answer 8

Not getting there,bad credit stays with you

Answer 9

Pay all of your bills on time, and don't accumulate anymore debt.

Answer 10

start paying your bills