My credit score was goodof 873 on 2000 so when I get amex card and 2 other credit card and I didnt pay all the bills, my credit turn bad now of 521 so I have learn that i must have to pay my bills on time but i didnt! so I want to know if I pay my late payment or collection every month again... will my credit score will increase lil bit if i continue pay my own debt????
2007-03-23 09:19:24 · 6 answers · asked by Shadow X 1 in Business & Finance ➔ Credit
Simple. Start paying telephone, electric, credit cards, on time. Those three industries report habitually, and are followed. If you do, it'll start showing up every month on the reports, and you will gain merit credit wise. I had terrible credit, and fixed it by just paying my phone and electric bills on time. Not one day late. It took me several years to get back on top. But I did.And it's worth it. good luck.
2007-03-23 09:32:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
yes. your credit is basically a way for people to know how well you pay your bills. if you start paying on time and even early, your credit will get better. it will take a lot of time to get it way up again, and will probably never get back to 873 (thats almost perfect) but if its above 700 then you should be fine. just do what I do and write down on the calendar when you should mail out your bills so you never make a late payment. (I would suggest a week before they are due).
2007-03-23 16:28:24 · answer #2 · answered by flutterflie04 5 · 0⤊ 0⤋
Yes it will improve. It will take a least six months. You might also want to make sure you don't have too many zero balance cards opened. This also negatively impacts your credit. It is always best to get a credit report on your own once a year and see what is impacting it.
2007-03-23 16:39:53 · answer #3 · answered by Sammie 1 · 0⤊ 0⤋
keep up with your bills; pay them on time and 6 to 1 year u should see a change..
2007-03-23 16:40:01 · answer #4 · answered by shorty21 5 · 0⤊ 0⤋
Hi,
I used "Credit Solution" to settle my debt.They managed to reduce my debt up to 58%.I came accross this company on NBC.Check it out here:
http://www.jdoqocy.com/click-1813149-10467845
2007-03-23 19:54:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
of course!!.. here is a step-by-step guide to a better credit score that i found very helpful.
http://www.work.com/a-better-credit-score-1423/
2007-03-23 18:35:32 · answer #6 · answered by aleish 2 · 0⤊ 0⤋