Repair Credit Report Help

How can we quickly repair/raise his credit?

My fiancee has a credit score of around 560-580. He has 2-3 neg. things on his credit (we saw 3 on the report but our realtor says theres 2) a gym membership for 1000, cell bill for 200, medical bill for 400. The most recent of those things is from 2 years ago. He has got an up-to-date car payment working FOR him on his credit history or whatever, hes been ontime with payments for at least 2.5 yrs. We want to move in may but his credit is too poor to get in somewhere with the way it is now- so how can we fix it? If we pay everything off how much will it up his credit/how fast? Thanks!

Public Comments

1. Contact each creditor (most likely collection agency by now)....Send them a written Pay for Delete agreement...where they promise to remove the items from your credit report upon receipt of payment from you. It is critical to get all terms in writing first before paying them one penny....Without a written agreement they can claim that no agreement about removing the items from your report was made. If they refuse to do the Pay for Delete...there's no point in paying them....Do not accept any promises from a collection agency over the phone...they can't be proven... If you are successful in this, you should see the FICO score go up.
2. The realtor may be looking at a report from a different bureau. Paying off things is good for improving the current status. But about half the score is current status and half is history. The whole credit reporting system is designed to reflect how a person handles credit over time. This means keeping up with obligations. Having only one loan that he has kept up with, and that being the only one with collateral that can be repossessed doesn't look like a history that I would like to have. Some of the low score reflects the lack of history. Where are the credit cards with regular payments? I see no mention. Get some cards, maybe from a store if you can't get a bank card, then make some small purchases and pay them at the end of the month each month. Credit score should improve in 6-24 months. Remember, if a credit score could be "fixed" then everybody would do it and the score wouldn't mean anything. Good luck.
3. You can't "quickly" fix bad credit - that's the truth.
4. OK ONE OF A FEW THING YOU CAN DO. PAY OFF THOSE 2 DEBTS. THEN GET A LETTER FROM THEM THAT IT HAS BEEN PAID OFF. USE THAT TO TAKE TO THE LOAN OFFICER SHOWING THAT IT IS PAID IN FULL & THAT IT WILL REFLECT ON YOUR SCORE. OR IF YOU PUT 30 % DOWN ON A HOUSE CASH YOU WILL BE AUTOMATICALLY APPROVED PROVIDING YOU CAN MAKE THE PAYMENTS. I SEE ALL THE TIME THAT THE REALISTATE PERSON SAYS OH YOU CAN AFFORD THIS MUCH BUT IN REALITY WE CANT. WHY YOU ASK. WELL TAXES GO UP EVERY YEAR ADDED TO YOUR HOUSE PAYMENT, THERE MAY BE REPAIRS NEEDED, YOU WILL WANT TO PAINT OR DECORATE, OR THE FURNICE BLOWS. THEN WHAT. CHARGE IT GREAT MORE DEBT MORE STRESS ETC SO IT IS WISE TO LOOK FOR A HOUSE THAT MAY NEED SOME FIXING UP BUT THE STRUCTURE IS SOUND. DONT TAP YOURSELF OUT FINANCIALLY BEFORE YOU GET YOUR FEET WET. GOOD LUCK