I pay my bills automatically online. I've never intentionally paid a bill late but because I pay them online, I've had, up until recently, a tendency not to open my bills, I just file them. As a result, I've not realized I had an open balance at times on credit cards and ended up paying it sometimes three months late. As I said, I open all of my mail now and make sure I'm up to date but can I do anything to make my credit rating better or will my careless ways be a stone around my neck for the rest of my life?
2007-03-07 05:49:51 · 11 answers · asked by btweenatoms 2 in Business & Finance ➔ Credit
I had the same problem. I would just "go pay something" and not look at the bill. One time I was 30 days past due for 13 cents. Yes, 13 cents. Now I look at my statements carefully and also I enrolled in this program called PRBC. It's a "reporting agency"(credit bureau) that allows you to submit not only past payments from 3 years back for reporting, but it has a bill payment service that not only pays the bill but also reports it as well. The cool part about it is that if you're been making payments, it can be reported and comprised into a score on a report that can be considered with your traditional credit reports under the Fair Credit Reporting Act. So take off that stone and click the links that I posted!
2007-03-07 06:16:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You have a chance to improve your credit rating and therefore brighten up your financial future by being patient, a conscious effort, and a personal debt repayment to improve your credit report. The most practical and effective way to truly improve credit is through a number of practical steps designed to help you not only improve your credit rating but also to maintain a decent credit rating once it has improved. No matter how bad your credit is, taking following steps will make it better.
STEP 1: Dispute Inaccurate Information or Frauds in Your Credit Report
STEP 2: Pay all of your bills on time
STEP 3: Reduce the number of credit cards you carry
STEP 4: Avoid bankruptcies, tax liens and collections
STEP 5: Request for Lower Credit Limits
STEP 6: Get a Small Loan or Credit Card with Co-Signer
STEP 7: Get a Secured Credit Card
STEP 8: Periodically Get a Copy of Your Credit Report
Find complete explanation for each step at:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
2007-03-08 06:29:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you only have poor credit due to paying bills late, this is not a big problem. Just start paying your bills on time - all of them. Make sure you pay at least the minimum due on all of your credit cards each month (more if you can afford it). Have at least one credit card to your name, as this shows that you can handle having credit, and have a bank account. Your poor credit will be off the records in 1-3 years! However, one slip up and it will take the 1-3 years to get back in great standing again.
2007-03-07 05:59:00 · answer #3 · answered by babykittycat44 1 · 0⤊ 0⤋
If you are now paying on time, these things will fall off your credit report in 7 years. Just keep paying your bills on time, keep a low or zero balance and in 7 years you will have great credit.
2007-03-07 05:58:38 · answer #4 · answered by David V 5 · 0⤊ 0⤋
in case you basically have unfavorable credit simply by paying charges late, it somewhat is not a large subject. purely initiate paying your charges on time - all of them. determine you pay a minimum of the minimum due on all your credit playing cards each and each month (greater in case you may discover the money for it). Have a minimum of one mastercard on your call, as this exhibits which you will cope with having credit, and function a financial business enterprise account. Your unfavorable credit would be off the records in a million-3 years! in spite of if, one slip up and it will take the a million-3 years to come back in large status back.
2016-10-17 12:06:34 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Talk to the companies which you have a mark with and explain the situation. Sometimes then can help romve a bad mark if it only happened once. Also, dispute any problems you have with the three credit reporting agencies. Experian, Transunion, Equifax. Sometimes they remove items if they can't confirm them. After 7 years your credit is wiped clean so you can always wait for that.
2007-03-07 05:56:31 · answer #6 · answered by msbedouin 4 · 0⤊ 0⤋
Hi Friend,
Any technique may not be useful to improve your credit rating until you pay your bills online. Please don't fall for credit repair scams. First and foremost thing you need to do is paying the bills ontime. In addition to that, take some credit( credit cards, secure credit cards, secure loans) and then start paying them right ontime. It'll automatically boost your credit score(FICO). If you are looking for credit cards for poor credit, check out
http://www.PoorCreditOffers.com/creditcards/
2007-03-07 06:08:44 · answer #7 · answered by Tarun Reddy 1 · 0⤊ 0⤋
Start off by paying each bill off and before u know it, your credit will be good.
2007-03-07 06:17:45 · answer #8 · answered by shorty21 5 · 0⤊ 0⤋
Just keep paying them on time and this will increase your credit score.
2007-03-07 06:29:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Hi i have bookmarked this one resource that gives people the 5 quick tips to boost credit score by up to 18 points in 1 day!..i just love it and it works! if you have time, read it at
2007-03-07 07:02:22 · answer #10 · answered by Trish L 1 · 0⤊ 1⤋