How can you make it better once you have a few defaults from missing a few payments with just one company?
2007-02-02 01:33:53 · 11 answers · asked by me_me 1 in Business & Finance ➔ Credit
It takes a little while, but just keep paying your other bills on time. It will go up!!
2007-02-02 01:38:16 · answer #1 · answered by KB 2 · 1⤊ 0⤋
Unfortnatley, it only taking missing one payment to drop your score drastically. Best way is to continue making all your payments on time. You might also avoid applying for credit as this will continue to drop your score.
You might even try calling the company you were late with and asking them if there's anyway to reverse the damage done to your credit rating. It's a long shot, but it's worth a try.
2007-02-02 01:38:52 · answer #2 · answered by reandsmom77 6 · 0⤊ 0⤋
a default is a failure to pay. Late payments are a different animal altogether. Usually 12 months of on-time payments will even out a rough patch. If the account goes into collection or default, that is another story.
Best thing to do is to pay cash for things. if you do buy on credit, pay your bills on-time.
2007-02-02 01:38:30 · answer #3 · answered by Shredded Cottage Cheese 6 · 1⤊ 0⤋
The only real way to make it better is to make sure all your payments are on time and wait.... A missed payment hangs out on your record for something like 7 years...but the longer ago it was, the less impact it has on your score.
2007-02-02 01:37:53 · answer #4 · answered by Snoopy 5 · 0⤊ 0⤋
As others have said, keep payments on time. Set up a direct debit to pay the minimum payment each month, then pay extra each month if you want to. Your lender is supposed to issue you with a default notice before it reports you to the credit reference agencies, if it didn't then write to the CRA's stating a dispute. They will contact your lender if they haven't followed procedure it will be removed.
2007-02-04 03:49:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Whatever you do, do not go anywhere near the companies that offer to improve your credit rating.
Keep paying your debts on time. Register to vote if you haven't.
A few late payments isn't a problem, so long as you have no CCJs.
2007-02-02 01:38:26 · answer #6 · answered by Stu 2 · 1⤊ 0⤋
just keep paying your bills on time even try to be kinda early because they look at that type of stuff when you notice a credit increase then you know you are doing better but dont let late payments bring your credit score down cause it will effect you later with loans, finacing etc.
ps. never check your credit score trust me it will stick with you!
2007-02-02 01:39:24 · answer #7 · answered by Anonymous · 1⤊ 0⤋
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
2007-02-02 16:44:25 · answer #8 · answered by stew w 2 · 0⤊ 0⤋
Only time will make this better. Make your payments on time. Pay off anything that shows negative.
2007-02-02 01:38:45 · answer #9 · answered by TD R 5 · 1⤊ 0⤋
Once you're up to date now and have been paying correctly it shouldnt matter too much. At least its only one company, some people get into crazy debt
2007-02-02 01:37:35 · answer #10 · answered by kit 5 · 0⤊ 0⤋