in the last 8 years, my credit has been a disaster.i need to start rebuilding it. what are the best ways of do

Answer 1

check out this web site:

http://www.crown.org

You need time, plain and simple and a good budget. You do NOT need to borrow in fact it's the last thing you need. Get your bills paid and keep paying them on time. Live on less than you make and start to save. Anyone who tells you to clean up your credit report by disputing true facts on it is tell you to commit FRAUD.

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Answer 2

You need to ask yourself the fundamental question of why your credit has been so bad to begin with. Are you spending more than you make or are there other circumstances. There are a lot of techniques or strategies out there on how to repair credit, but if you don't change the cause of the problem, you will be back to where you started. Good luck.

Answer 3

Start by getting a Free copy of your Credit Report, . Find it at -https://www.annualcreditreport.com/cra/index.jsp they must provide it Free , once a year so don't get suckerd for a fee, they all like to do that. you can get a Report from all 3 of the Top agencies- Look over the Bad debt stuff, and get off there if you can, but start with at least one or two Companies, and keep it perfect, don't miss any payments, - and don't overload your self with credit.

Answer 4

if you have old debts over 7 years old- don't pay them , because in most states 7 years is a limit for statue of limitation law. obtain your credit report and ask credit agencies to remove those old accounts from your report. open 2 new accounts , but keep balances below 40% of your credit limit. if you can't get in your own- ask family to sign you to their account and their credit payment history will show on your credit. if you have some negative accounts and they can't be removed from your credit report- start to pay them off, but only the youngest one. this will bring your credit score down for a while, but will help you in the longer run later. this is not overnight solution, but if you do what i recommend to you- your credit score will go up. if you need more help how to read your credit report- you can e-mail to me and i will help you .

Answer 5

get rid of all but 1 major credit card. use it only for emergencies. buy with cash or check. this makesyou think about what you are going to buy, do i REALLY need that? hit the thrift stores for clothes, and household stuff. only buy new when you can't find good used. use the money you save to make double payments on credit card bills to bring the principle down. its the interest that's killing you.

Answer 6

first you need to pay off all of your debts that are giving you a poor credit rating...i would contact "debt solutions" and talk to them...they can help and make arrangements that will help you and your credit rating....