2007-03-19 06:51:08 · 14 answers · asked by david s 2 in Business & Finance ➔ Credit
chip away at your bills and try to pay them off, get yourself a credit card for bad credit people such as capitalone visa and use it and pay it off every month, such as use £10 pay £10 back, it will help build another picuture of you, of someone who can pay and whats more pay on time
2007-03-19 06:57:23 · answer #1 · answered by scotgal 4 · 0⤊ 0⤋
You need to start building a history of good payments. There is no way you can "erase" what's on your record, but if you find a couple of ways to start building a good payment history eventually the bad stuff "fades" into the background to some degree. There are credit cards for people with bad credit as long as someone has a monthly income that meets their requirements. These cards come in unsecured, partially secured, and secured. They usually charge a "participation fee" for these programs (in the area of $150 paid in installments), and they have high interest rates, but they do give the person with bad credit a chance to build a new, good, payment history. Some people recommend putting money in a savings account at a bank and then borrowing against that, which means getting a bank loan with the savings as collateral. After you've paid up the short-term loan you'll have a payment history AND access to the money in the savings account.
2016-03-29 06:19:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1) Ask for credit reports from the bureaus.
2) Look out for any errors in it.
3) Prepare a Credit Dispute Log recording the details of problems and errors.
4) Contact telephonically the original debtors with whom you are having a dispute. Record the details of the call, especially the name of the person with whom you spoke and a brief overview of the agreements.
5) Send the certified letter to the original debtor.
6) Send letters to collectors, disputing the bill. Also, send the proof of payment to the original lender.
7) Fill out the dispute form available at the credit bureau.
8) Write a letter for each disagreed item separately and send it to the credit bureau by certified mail. Attach the proof to support your claim.
9) The bureau will provide you a reference number. Call up the bureau with this reference number and find out the progress of the matter.
10) Maintain a Credit File containing detailed records of your case.
2007-03-20 00:46:01 · answer #3 · answered by mey t 2 · 0⤊ 0⤋
everyone's livelihood is based on credit. Try to pay off your debts that are owed,it may take a while to get a credit card or a loan but once you get one don't get greedy and apply for more than you can handle. But there is no way around not paying off your debts & if you go bankrupted that will hang on you for a long time. You now have to prove yourself you are worthy the credit. A lot of bad things happen to good people but no one wants to listen to excuses for your bad credit. It's a tuff world out there. GOOD LUCK!
2007-03-19 08:28:23 · answer #4 · answered by yorkiedog28 3 · 0⤊ 0⤋
It will take time. However, it may sound silly, but the more credit you can obtain, the better it is for your credit rating.
Make your payments on time - even if you can only afford the minimum repayment. And try not to overdraw funds from your bank account (outwith your agreed limit).
Also, if you have incurred any bank charges, there is a way to claim these back, as many are deemed unreasonable. E.g. it may cost you £40 whereas they have only incurred £10 in administration costs.
Why not visit your local Citizens Advice Bureau?
2007-03-19 07:00:11 · answer #5 · answered by ♥Miss Inquisitive♥ 5 · 0⤊ 0⤋
Read as much as you can about repairing your credit before you do anything. Sometimes people close accounts and hurt their score. Here's a couple sites which are knowledgeable, have helpful tips, and sample letters to send to creditors.
2007-03-19 06:57:42 · answer #6 · answered by Mariposa 7 · 2⤊ 0⤋
dont ever get cash on a credit card, pay over the minimum payment, dont miss any payments and dont apply for any more credit or loans for a good 6 mnths, your credit ratings should start picking up
2007-03-19 06:57:15 · answer #7 · answered by angie 5 · 0⤊ 0⤋
Pay off your bills, and wait. Bad credit can't be made to go away; any negative entries on your report will remain anywhere from three to seven years.
2007-03-19 06:54:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
GUARANTEED CREDIT CARD
capital one do one, it has a killer interest rate and a stupid low limit, but if you use it regulkarly (sayto buy petrol) and then pay it off every month WITHOUT FAIL, you dont get hit with interest charges and it will rebuild your credit limit in about 9-12 months.
2007-03-20 04:19:49 · answer #9 · answered by alatoruk 5 · 0⤊ 0⤋
Everything you need to repair your credit is at
http://www.thecreditrepairmanual.com
2007-03-19 08:09:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋