2006-12-27 07:41:58 · 8 answers · asked by Angie B 1 in Business & Finance ➔ Credit
Hire professionals; credit repair is a growing industry that uses existing laws in your favor to increase your score quickly.
2006-12-27 08:49:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
DON'T pay any services to repair your credit! Anything they do for you, you can do on your own for free. The best thing to do is to be diligent about paying all your monthly bills on time, and pay just a little more than the minimum amount. That is a plus on your report. And the suggestion about distributing your debt over several cards is great. If your total credit card debt is $5000, it is better to split that over several cards than max one out in that amount. Also, don't close any unused accounts. Keep your oldest accounts open to show a longer credit history.
To help pay bills on time, set them up for automatic payment, either through your online banking or on each credit card site. You can set it up the day you receive your bill, schedule it for a couple of days before the due date, and you never have to worry about making a late payment again.
2006-12-27 09:28:58 · answer #2 · answered by dallas_darling 2 · 0⤊ 0⤋
Heard this on Good Morning America,
1. pay monthly bills on time.
2. Try to get bills down to 25% of the Maximum, so if you have 1,000 in creditcard Limit, pay it down to leaving 250.00 or less then concentrate on other debt to get it down to 25% or less.
3. Close gas station accounts and retail store accounts, there expensive to have debt and do not count as much in increasing your FICO score. But make sure they have zero balances or the credit companys will think you can't handle creditcards.
4. Keep you Visa's and MasterCards open ? Need to show history of good payment.
5. Don't open new credit, every credit check puts a ding on your score. Be wise when applying for credit.
2006-12-27 07:55:34 · answer #3 · answered by annarbor2az 1 · 0⤊ 0⤋
Write down all of your debt/start by paying more on your smallest bill. Pay the min on everything else. Do this until everything is paid. You also need to call the credit card comp/let them know that u r able 2 pay now. See if u can get them to lower the interest rate.
2006-12-27 12:32:36 · answer #4 · answered by Very Unique 2 · 0⤊ 0⤋
The number one thing you can do is pay your current obligations on time. Missing a 30 day late hurts far worse than an old charge off. Start getting familiar with the FCRA and FDCPA. Start reading about "debt validation" and other tools that work to your advantage. Be prepared to write a lot of letters!!
2006-12-27 07:45:42 · answer #5 · answered by Kevin K 3 · 1⤊ 0⤋
Billy that was funny! Compile a list of all your MAIN debts. Start paying them off one by one, if you're serious about repairing your credit.
2006-12-27 07:56:04 · answer #6 · answered by U Have Nothing Better 2 Do 3 · 0⤊ 0⤋
you may seem into shifting balances from larger pastime fee playing cards to diminish pastime fee playing cards. there is in many circumstances a cost in touch, so that you need to do the mathematics on no matter if the decrease fee saves you funds interior the lengthy time period. Pay basically the minimum quantity on your playing cards with the bottom costs of pastime and pay as a lot as you may on the optimal rated debt. Make a funds and keep on with it. save music of your progression as you pay your debt down, that's going to inspire you to save with it. There are not any quick fixes, that's going to all come down for your man or woman determination. good success.
2016-12-01 05:47:17 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Skip town and get a new identity.
2006-12-27 07:50:39 · answer #8 · answered by Billy Butthead 7 · 0⤊ 1⤋