Anyone had bad credit and cleaned it up? Help me do the same?

Question

How long does it take? What are the first steps to take?

Answer 1

Sure, my score has gone up almost 200 points in the last year.

1) Pay off all delinquent credit cards. Call up each credit card and negotiate monthly payments (set them up over the phone in advance, and you might get lots of fees/interest waived). Get them under control and dont miss any further payments.

2) Pay off all collections.

3) Dispute EVERY THING that shows up as bad on your report. late pays, collections, charge-offs, etc. Even if they are really yours, you may get lucky.

4) get your balances on your cards under 30% of their limit.

5) dont open new accounts unless you dont have any current/open credit carsd. You want the average account to have been open a long time.

Answer 2

Well, I worked 2 jobs for awhile but not everyone is that serious.
If your debts are less than your annual income, go to a legit debt counselor who will consolidate and put you on a payment plan.
If they are greater than your annual income , file bankruptcy.
OR, get a 2nd job - knock out all debts, then work it awhile longer to fund your investments for passive income.

Note: how long depends on how much $$ you owe and how much you make (and can put to paying it off)
You gave us 0000000000 numbers to work with.

Answer 3

Hi,

Go to see this link:http://www.gotoinfolink.com
The have a section for ''bad credit''. They also give the different step ton rebuild it your credit and making a budget.
Hope that help ;-)
Jeff

Answer 4

Step-by-Step Credit Repair Guide

Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in