I want to repair my credit or boost it up, can anyone explain to me how to do it with out going to an agency.?

Answer 1

I was in a similar situation. I went several different routes and my credit is back to normal again.

Try doing one or all of these:

1) Apply for a small loan at your bank and use it to consolidate your debts. Then set up an automatic payment with the bank so that the bill will get paid on time every time. This will help a bit.

2) Apply for a department store credit card (since these are the easiest to get) and buy one or two small value items and pay the debt off right away. Doing this several times within a 6 mont period will help. Eventually close out the cards.

3) There are some credit cards that you can apply for that require a small one time fee. They ask you to put down a security payment and you get a very limited credit limit (about $300). If you are able to make your payments on time every month for at least six months, you will see your credit score improve.

I did all the above and my credit has risen a lot but don't expect it to happen right away. It took mine about six months to notice a difference.

Answer 2

What credit agencies look at to create a credit score are the lenght of time the account has been opened and the 'high credit' on each account. While going and getting new credit cards from dept stores will help build credit in the long run it does little for the time being because of how new they are. Getting these smaller cards and paying MORE THEN YOUR MINIMUM PAYMENT each month is an excellent idea for someone with no credit who is looking to build. (If you only pay minimums you'll get eaten alive in interest - try to pay double if not all)

For someone who already has crappy credit, there are a few options you can do. The first is find a credit card with 0% interest on balance transfers and put it all on one. If you aren't already bombarded with late payments on your existing credit cards, this will boost up your credit score because you will have gained that 'high credit' . Just be sure to keep the accounts open. If you close them down they will not help your score.

If balance transfer isn't an option (people with too low of a credit score may not be eligible) you need to do it the hard way. Start with your smallest loans and work up to the big ones. Choose the smallest one to start and pay as much as you can while paying minimum balances on the others. As soon as the lowest is paid off move to the next one and so forth and so forth until you are left with your largest loans. Now that you have all of the small ones out of the way you have more money each month to put towards the big one.

Lastly - don't have your credit pulled everychance you get. Everytime someone looks at your credit you have about 3 points deducted.

Answer 3

most things can be done yourself but most things have to be done in writing.
there's a website to obtain a free annual credit report.
if anything wrong in your credit report, complain to any of the major 3 credit reporting agencies or to the company issuing wrong info.
to boost your credit make sure paying all future bills on time.
If own home, use home equity loan to consolidate old outstanding credit bills into just one that you can reasonably meet.
If don't have a home but more than one cred card bill,
borrow from one with lowest interest rate to pay off other so left with only one bill. If you do the latter & if eligible apply for a new account with introductory interest free balance transfers so that older outstanding debt fully paid off.

Answer 4

You need to check out this video on how to increase your credit score by using a 100% legal loophole. Here is the video URL: http://www.creditscoresecret.org

I was able to get to 595 from 489 in just one day and from 489 to 748 in just a few week; that's pretty fast in my book. Good luck!

Answer 5

Go to a bank and take out a small loan- like $1,000.
Don't spend the money- keep it and use it to make the payments on the loan. Don't miss a payment, make payments on time, and that should help your situation. This is what I did to build credit. If your credit is really bad, you might need a co-signer.

Answer 6

Conn's is an appliance store that has several credit plans, even with those needing a second chance with old bad credit. takes alot to prove employment and residency, but well worth it. they report each month to the credit agencies, as long as you pay on time. we had old bad credit, to non existant active credit as had been turned down for years. we never had credit cards, those who reported us were based on emergency medical bills and some utility companies that our ex's used in our name, and was hard to dispute. now, having 3 kids together we were desperate to get our credit back on track, so we went to conn's, bought a washer and dryer. saving us 50% in lue of going to laundry mats, making only $25/mo. payments. but, we are now adding extra $ to our payments as we can to help our credit. we were told that it will take approx. 6 mos, for the active credit to play a role in re-establishing our credit ratings.

good luck to all you guys!

Answer 7

No need to go to agency to repair your credit. this website will give you free credit repair information freely.
try this

http://www.freewebs.com/***********

Answer 8

Great point, I'm interested to know more too

Answer 9

Hello,
My name is Michael and i work in a fiancial company which specialized in credit restoration and repairs, If you are interested please reply back @ [e-mail].

Answer 10

it depends...