How long will it take?
2007-01-04 05:41:21 · 6 answers · asked by Jackinthebox 2 in Business & Finance ➔ Credit
Yes, it is possible. Get caught up on any late payments (and start making your payments on time), pay off anything in collections, and keep your credit card balances down (keep your balances under 50% of your available credit limit, or lower). It may take some time, but it will be well worth it!
2007-01-04 07:23:32 · answer #1 · answered by hollister35 2 · 0⤊ 0⤋
Generally speaking, 7 years is what companies tend to look at. To improve your credit score, eliminate as much debt as possible. That means paying off credit cards, and canceling any cards that you don't use. Available credit reduces your credit rating, so it's a good idea to only have credit cards that you actively use.
Of course the best policy is to never use credit cards at all, and to only spend money you have. A tough act to follow in today's day and age, but if you can live by the simple policy of "never spend more than you earn", you'll do alright.
2007-01-04 05:50:39 · answer #2 · answered by P.I. Joe 6 · 0⤊ 1⤋
Get a small loan from a company that reports to a credit bureau. Get more than one if you can. Paying these on time, over time will build up your credit score.
2007-01-04 05:50:32 · answer #3 · answered by BooBoo 3 · 0⤊ 0⤋
If I were you I would check out on the web coming back strong financially these are programs that can help you with you bad credit and to come back from it. I know I have used them. And these people did their research on how to do it. I even bought my daughter a set since she went bankrupt I wish I had found them soon for her.
2007-01-04 05:47:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers!
2007-01-04 20:14:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, and as little as 90 days.
2007-01-04 08:08:53 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I really hope so!
2007-01-04 05:48:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋