2007-06-05 13:51:50 · 6 answers · asked by Anxious one 1 in Business & Finance ➔ Credit
Don't know your details, but here are the options:
1. Pay them off (negotiate and/or consolidate)
2. Dispute them (doesn't hurt)
3. Start building some good credit through credit cards or making on time payments.
4. Let it sit for 7 years. It matters less over time.
2007-06-05 13:56:44 · answer #1 · answered by Shawn . 3 · 1⤊ 0⤋
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.
http://debts-to-wealth.com/category/Credit-Repair-Technique.html
2007-06-05 23:49:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
To Repair 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
2007-06-05 18:23:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to Consumer Credit Counseling they are a non for profit debt company, helping consumers to pay off their debts, and get the debts consolodated into lower monthly payments. This will prove to any lending agency that you are repairing your credit. Best Wishes and Happy Debt Free Living!
2007-06-05 13:57:01 · answer #4 · answered by Janice 10 7 · 0⤊ 1⤋
7 years on your report is where you wil be at. start the countdown from the last money they received.
2007-06-05 13:54:37 · answer #5 · answered by cadaholic 7 · 0⤊ 1⤋
talk to the mofia
2007-06-05 14:03:45 · answer #6 · answered by JJ 3 · 0⤊ 2⤋