what's the easiest and quickest way to repair your credit?

Answer 1

Get a credit card and charge a small amount on it, and pay on it for about 6 months then pay it off. Or get a loan at a bank (the interest rate is much lower) and pay the monthly payments on time but don't pay off early. Start with $500 loan and keep working your way up. Don't spend the money you borrow put it in an account just to be used for the loan payback.

Don't do bankruptcy!!!!!

Answer 2

The best and fastest way to repair your credit is to just pay things off. Example....When you use your credit card, don't wait until you get your statement in the mail, pay it off early. Or if not that then pay more then the minimum balance. Cell phones help boost your credit. Also if you take out a loan say $5000 and you use that money to pay off some of your debt say like 4 or 5 things. Then you wont have to worry about those items anymore, just 1 now, your loan. Within 6-12 months you should see a great increase in your credit scores across the 3 company's......ALSO an important piece of information....DO NOT use those credit repair services that you see on T.V. they will actually destroy your credit for 7 years. This is what happens, Yes they will help out and take care of your debt, but at the same time, they issue themselves as a creditor and now can tell the equifax, experian, and trans-union that you owe them that money in-return, and that you are delinquent and now they are on your report for the next 7 years. Hope this helps some.....

Answer 3

Cut up each and every credit card and pay them off. Once they all are paid off, have no more than two credit cards. Charge only what you know you can pay for at the end of each month, except medical or house repair emergencies.

Buy items on sale and never pay full price except for necessary food items. Stop buying more clothes, shoes, book, etc. The only time you can buy new clothes or shoes is when the other is worn out and you replace it.

Do not buy fast food, carry your lunch and find out how much you save each week, which goes toward the "old" bills. Do not buy from a vending machine, carry it from home, whether drink or candy.

And if the credit card company or a collection agency is calling and calling, go see a state-recognized debt consolidation service that is sponsored by United Way. They will set you on the right track through negotiations with your creditors.

Answer 4

There is no easy or quick way, unfortunately. It's easy and quick to get into a bad credit situation, but slow and hard to get back out.

Just work with your creditors on payment plans and make all payments on schedule. It'll take time, but it's the only way.

Stay away from credit repair companies. They usually don't help. In fact, they can hurt you because just seeking this kind of service can lower your credit score almost as bad as a bankruptcy.

Answer 5

Remove any negative information from your credit reports by contacting the 3 major credit bureaus. You may find that some paid or absorbed debts are still showing up as owing and there are debts that don't belong to you. Pay all bills on time. You could ask your creditors to lower the interest rate. If you are finding it difficult to pay them on time and the interest is high then it could be time to combine your debts into one payment by finding a legitimate and recognized debt consolidator who could help cut the balance on your debts. Be mindful that these companies don't do it for free. Your bank may advise you also. If you own property and/or have equity in your home your mortgage lender may well give you a low interest rate and you could pay off those high interest debts. This is the best way I personally have found.

Answer 6

if it's really bad hire someone to dispute your claims or just dispute them yourself and you can get them taken off, if it isn't bad and you have a close friend or relative - you can have them put your name on one of their high maximum/low balance credit card lines and that will instantly improve your credit by lowering your % on how much credit you have as compared to how much you are using. Just don't get their card and max it out - better to not even see the card. that's the easiest and fastest way. Also, paying off deficit balances will not improve your score if you are in default. YOu have to tell the credit card companies that you won't pay until they send you a letter in writing that the deficit will be taken off once the account is paid in full otherwise the negative mark will still show up on the report. I'm in bad credit rebound right now so I've looked all this stuff up. HOpe it is helpful.

Answer 7

The Credit Repair System consists of methods that provide relief to various debtors. It consists of number of steps that help you get over your debt, while reestablishing your financial situation. If you have bad credit, you may be aware of the denigrating looks given by the people, making it embarrassing for you. But the truth is everybody experiences bad times, but few are able to overcome the problems faster than the others. Many people, including rich have applied for bankruptcy.

Answer 8

Reapir credit score
Your credit score is based mostly on:

1. Length of credit history
2. Payment history.
3. Ratio of credit used to available credit.
4. Number of credit inquiries you authorized.

If you cancel your card, you'll be hurting your credit ratio. (#3).

You want to deliberately keep your oldest credit card open, even if you never use it.

You want to always pay the minimums of each loan on time every month.

You want to keep your available credit high, but actually only have balances equalinig 25% or less.

You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans.

You do these things and your credit score will quickly soar into the 700s.

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http://www.bestcreditrates.net

Answer 9

I looked all over the web and discovered a bunch of trash. Nevertheless this helped for me: loaninstantsolutions.us-

RE What's the easiest and quickest way to repair your credit?

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Answer 10

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