Restoring Credit...??

Question

Is there a fast, easy, and LEGAL way to restore my not so pretty credit score?

Answer 1

There is no fast, easy way to restore credit once it's damaged. You have to make arrangements with your creditors to pay off your past due amounts. Some companies are willing to negotiate (i.e. you can get them to take off late fees or interest accrued while in arrears). It is far better to pay off your more recent debt than old debt, but it is the best to eliminate all debt as quickly as you can.

Once you have that under control, you can slowly start to establish more credit but you have to keep your new credit perfect--no late or missing payments.

Keeping on top of your car payments / insurance / rent / mortgage and your utilities should help, too. Good luck!!

Answer 2

Well, you probably didn't get into this situation over night and you will not get out of it over night either. So, there really is not a "fast" way. There's really not an "easy" way either - if you want to do it legally.
IMHO, there is simply a right way and a wrong way. The wrong way would be to get tangled up with an organization that over promises, takes your money and does nothing for you in the end.
The right way can be done on your own. Pull a credit report from all three reporting bureaus: Experian, TransUnion and Equifax. Once you have them pulled, go over each report with a fine-tooth comb and figure out which accounts are active, which are collections/charge-offs, which are judgments or liens. If there is anything that does not look familiar, try calling the organization and ask for more information. If they are not able to find anything, then dispute it with the credit bureau.
Once you know what's what, start settling or paying any negative information that is old and in collection status. Make sure you get a receipt/letter (in hard copy!) that states your bill has been settled or paid. Save that for yoru records...you might need to make a copy of that down the line and send it as proof to the credit bureaus to prove that you've paid.
For your open accounts, get current and stay current. On-time payments make up 35% of your credit score, so that is really important.
Only have your credit report pulled when needed. Each time it is accessed by a potential creditor, your score is affected.
It might take a little while, but it's worth it. Once you get that score where you want it to be, do everything you can to protect it.
Good luck!

Answer 3

i used a credit repair anency called Vitesse Financial. go to their website if youre interested. It takes a few months... i dont know if thats quick enough for you.
Basically what they do is dispute every negative item on your credit report with all 3 credit bureaus. The credit bureau investigates with each individual creditor and gives them 30 days to respond and validate you debt. If they dont do so within the alloted time, the negative mark gets completely deleted from your credit report. This is COMPLETELY legal and follows the guidelines under the Fair Credit Reporting Act.
You can also write dispute letters yourself, but there are many to write and its a big headache. I just paid someone else to do it. They charged me $50 a month, i only did it for 4 months and got 5 negative reports completely removed. Now i just have 2 that i need to settle with.
As for your credit score, even when these things are removed, it doesnt shoot up right away. That takes a couple of months and of course, you must maintain a good payment history with the accounts you still have opened.
email me if you have any other questions about it, ill be happy to answer them for you.
By the way, i hope it doesnt sound like i work for these guys, i dont. Im just a regular person trying to get their credit fixed. im not saying its a miracle cure and you'll have perfect credit in no time. It takes a while but this certainly got me on the right track

Answer 4

A credit bureau will not remove accurate negative information from your credit report before the legal time period has expired. Therefore, do not believe anyone who claims they can get negative information removed from your credit report faster than is legally required.

There are no "loopholes" or laws that credit repair companies can use to get correct information off your credit report.

No credit repair company can do anything you can't do for yourself. It is impossible for a third party to make changes in your file if the facts have been correctly reported. There are individuals and companies that claim they can fix a bad credit file. This is not the case. If a file includes accurate, yet negative information about your credit history, this information cannot be changed. Information will only be changed when your file contains an inaccuracy.

The only way to rectify a poor credit rating is to adopt sound credit practices for a period of time.

Answer 5

You seem like a nice girl so I will let you in on some good information. I was able to improve my credit score by 200 points in as little as 90 days. I found this information at www.your-credit-solution dot com. It worked for me and I am sure it will work for you.

Good Luck!

Answer 6

you can get some good credit cards with low apr and some reward programs and then buy the necessary things with this card and pay the bills on time. You can also try some reward cards they are good. All these will make your credit good.
To know more you can visit
http://www.creditcardbiz.blogspot.com

Answer 7

pay off all debt and u will be fine