how do i fix my credit rating when they have been all payed?

Answer 1

If you have only recently paid off your debts, give it some time for your credit report to reflect your new score.

Many people get a secured credit card to rebuild credit. It's the easiest way. You won't run yourself back into debt with this type of card.

Answer 2

I'm not sure what your situation is exactly, but I will do my best to cover what your situation is using different scenarios.

Scenario 1: Your accounts are paid off, but you have late payments and/or collections on your credit report.

Unfortunately, paying off these types of derogatory accounts won't help your credit score much, at least at first. If you still have open lines of credit, make sure you start paying them on time. Over time, your credit score will improve, and the late payments/collections will have less of an impact as they age. Generally, 7 years after your last missed payment, these accounts will disappear.

Scenario 2: You've been on time with all your credit card payments, but may have a low score due to having limited credit experience, excessive inquiries, or "maxed out" credit cards.

The solution to this is to continue paying all your bills on time, paying down your balances, and only apply for credit when you need it.

I don't know your exact situation, but hopefully this information will be helpful. Good Luck!

Answer 3

My banker told me that the problem that exists with a poor credit rating is getting a credit card or loan approved. He said the only way to improve your rating is to remove derogatory credit and/or to have positive "new credit" reporting to the bureaus. Only, no one wants to extend you any credit, right?

So why not "google"" you a couple of "secured" credit cards(start with one). You can secure them with funds in a checking or savings account. Then he suggests you only use this card for gas or items you would normally pay cash for. This saves you from unnecessary expenses for purposes of a ratings boost only. Then immediately put that money intended for cash purposes(and the purpose you used the card for) into an envelope to use for payment on the card. And pay it early, so you have some leeway for delays,too. You sure don't want to add more bad marks to your already suffering report! This will boost you quickly and effectively if done right. Hope this helps. Oh, and if you aren't discipined enough to send pmts, either have them electonically deducted from your account, or get a card that deducts payments as you charge them, kind of like a debit/check cashing card. This way you are safe.

Answer 4

There are lots of ways to accomplish what you want but only 1 best way. If you have lots of time and persistence, you can take a stab at it yourself. I believe, however, that your credit is at least on the same level of importance as taxes (which most people have professionally completed). I know of a non-profit company that does all the leg work for you and hopes to improve your score 90 points in 90 days. Check out the credit repair link at www.totaldebtsolutionsllc.com

Answer 5

Get a copy of your credit report and make sure that all the accounts have been updated to paid. You may need to call the creditors if they have not.
Some times paying off an account will lower your score. It depends on how much credit you have, how many revolving accounts, etc. are on your report. There are many factors that are considered when it comes to credit score. If you have any derogatory credit you will have to wait until it "drops off" to see the most improvement.
Occasionally if you call and speak with the creditors they will remove a late payment that has been reported.

Answer 6

If everything has been taken care of, just give it time. Credit scoring wants to see consistent on time payments over a period of time. Have your credit pulled after 6 months of everything clean and you paying on time every month. You will see increases in your scores.