how can you inprove bad credit?

Answer 1

Unfortunately, paying into a pension or getting life insurance does nothing for your finances. As a matter of fact, most companies do not even offer a pension anymore, so there is no way to "pay into" one. Life insurance does not go on your credit report, and whole life is basically a scam (use term instead).

To answer your question, usually only time will help your credit if you've made mistakes. Of course, you can take steps to improve it slowly but surely but it takes commitment...and of course, try not to ever be late on anything! And you will be ok.

Answer 2

"Buiilding credit can be done in many ways. If you are disappointed at your loan application being turned down, it is mainly because of absence of credit history. You should learn how to do build your credit. Do not buy unnecessary items. If you are looking to build credit start spending properly. If you see any errors in your bills or credit, reports, contact the concerned persons immediately. If you have purchased an item using your your credit card that later turned out to be defective or gave poor service, then you need not pay the charges.But you have to dispute the charges with the parties that were responsible for the act. If they do not replace the item or compensate you for a service or product, you are justified in refusing the payment."

Answer 3

What's your definition of a bad credit report? What was on the report? Please elaborate. If it's debts taken to collection agencies, I would suggest the following.

First, validate your debt. Does the debt truly belong to you? Go to http://www.creditinfocenter.com/rebuild/...

If it does, how long has it been on your report? Each state has a statute of limitations for debt. Just look it up for your specific state. After so long, the debt cannot legally be on your credit report. If it is fairly new, I would suggest paying it off. However, if you are not planning to apply for any loans w/in the time period before it falls off, possibly don't pay it. For example, if it's been on your report for 5 years and your state's statute of limitations is 6 years and you don't need a loan in the next year, just don't pay it and wait for it to fall off your record.

Lastly, can you afford to pay it? If so, I would settle it immediately. If not, talk with the collection agency and try to strike up a deal. However, make sure you get it IN WRITING that the debt will be "Paid in Full" rather than "Paid in Settlement". The reason for this is, if your debt is $100 and you settle with the collection agency for $50, the remaining $50 could be sold to another collection agency. Horrible, I know, but it does happen. That's why you need to have EVERYTHING in writing.

Call the cc companies to request them lowering the interest rates. Go to Oprah.com and go to the Debt Diet section. She has a script you can read to help you with this.

Answer 4

First and foremost - destroy all of your credit cards. Without this step, you'll never be free.
Credit cards are simply a scam; a way for the bank to get its hands on your money. Pay with cash. If its a medium ticket item such as a washer or television, save up for it.
Many a mind-set is to spend all you want on yourself first, then if anythings left over, use it to pay your bills. This, and totally disregarding how much you spend, is how so many get so far in debt. Pay your bills first! Then live within your means.

Answer 5

you could try to remove any bad marks on your credit report.

Sometimes there could be errors on your report that will drop your score, you can contact the merchant and have them removed (dispute them). If the merchant that reported you doesnt respond, it will be erased. Also, make sure to pay your bills on time (even if its just the minimum)

Answer 6

go to www.annualcreditreport.com and get all 3 bureaus. pay off the bad stufff and dispute the items. some will come off.

Answer 7

i was once told by a person who is very good with money that if you start paying into a pension and get your life insured that made your finances look better.

Answer 8

http://www.ftc.gov/bcp/conline/pubs/credit/repair.htm

This website gives you all the tools and information you need to improve your bad credit. It requires a bit of effort on your part!

Answer 9

Pay your bills on-time.

Answer 10

pay your bills