Repair Credit Report Help

What do I need to do to fix my credit with collections in my report?

To make a long story short...i have pretty bad credit after having very good credit!!! There are things I plan on doing in the furture that requires good credit so i am trying to start fixing it! However, i have a couple of things that went to collections from maybe 4 years ago! What do I need to do to fix my credit score? I understand that one can dispute things, but I pretty much never paid things on time so everything that I know of should probably be correct!!! :( I have a car that is payed off since then, and am now paying off school with OUT missing payments! Will this help and how much will it help?

Public Comments

1. pAY YOUR BILLS. ! ! LOT OF LOVE FOR A MAN WITH A DIFFERANT NAME
2. Here comes the answer,you can see more details from: http://www.knowledge-base.free-site-host.com/credit-cards/do-you-need-bad-credit-help.html Are you one of thousands with no credit and no collateral to help secure approval, or you just have extremely bad credit and no one wants to help you, and all you hear is stories and more stories? Bad credit is a term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding card limits or declaring bankruptcy. Bad Credit can result in being denied credit. Bad credit can result in a negative rating from the credit reporting agencies. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. Whether non-payment of an account is willful or due to financial hardship, the result can be the same, a negative rating which will result in a low credit score. However, lenders are more willing to work with individuals if the person contacts the lender to let them know they are having problems meeting their commitment to pay. 100% Online Debt Relief! No Phone Calls! You must have at least $2,500 of total debt over two or more accounts to qualify for our Help. Name, email, and Zip Code are required. US Residents only. No phone call required - all customer interaction is done online! Christian Debt Consolidation Services Professional Debt Consolidation with a Christian perspective. Lower monthly payments. Reduce or Eliminate High interest rates. Apply now for a FREE NO-OBLIGATION QUOTE! Fast Loans Online by DrCredit We are currently able to provide auto loans, mortgage loans, debt counseling, home equity, refinance loans, debt consolidation loans, personal loans and much more... A credit score is defined as a statistical method of assessing an applicant's credit worthiness. An applicant's credit card history; amount of outstanding debt; the type of credit used; negative information such as bankruptcies or late payments; collection accounts and judgments; too little credit history, and too many credit lines with the maximum amount borrowed are all included in credit-scoring models to determine the credit score. Raising your credit score is possible. It's a well known fact that lenders will give people with higher credit scores lower interest rates on mortgages, car loans and credit cards. If your credit score falls under 620 just getting loans and credit cards with reasonable terms is difficult. Here are five things that you can use to raise credit score. 1. Correct obvious mistakes. Your credit score is what shows up in your credit report. Review your reports from all three credit bureaus for accuracy once a year as well as several months before applying for a loan. Changing a mistake on your report can take 30 days to three months, or more. Get Your credit report from the three major bureaus: Experian, Trans Union and Equifax. 2. Pay Your Bills On Time Your payment history makes up 35% of your total credit score. Your recent payment history will carry much more weight than what happened five years ago. Missing just one payment on anything can knock 50 to 100 points off of your credit score. Paying your bills on time is the best way to get started rebuilding your credit rating and raising your credit score. 3. Reduce your credit card balances. A heavily weighted factor in your FICO score is how much money you owe on your credit cards relative to your total credit limit. Generally, it's good to keep your balances at or below 25 percent of your credit card limit, said Jeanne Kelly, founder of The Kelly Group in Brookfield, Conn., which helps clients improve their credit scores. 4. Don抰 Close Old Accounts In the past people were told to close old accounts they weren抰 using. But with today's current scoring methods that could actually hurt your credit score. Closing old or paid off credit accounts lowers the total credit available to you and makes any balances you have appear larger in credit score calculations. Closing your oldest accounts can actually shorten the length of your credit history and to a lender it makes you less credit worthy. If you are trying to minimize identity theft and it's worth the peace of mind for you to close your old or paid off accounts, the good news is it will only lower you score a minimal amount. But just by keeping those old accounts open you can raise credit score for you. 5. Avoid Bankruptcy Bankruptcy is the single worst thing you can do to your credit score. Bankruptcy will lower your credit score by 200 points or more and is very difficult to come back from. Once your credit score falls below 620, any loan you get will be far more expensive. A bankruptcy on your credit record is reported for up to 10 years. The reality of a bankruptcy is it will limit you to high-interest lenders that will squeeze out high interest rate payments from you for years. It is better to get credit counseling to help you with your bills and avoid bankruptcy at all costs. By getting credit counseling instead of declaring bankruptcy you can raise credit score over a much shorter period of time.
3. Pay everything off and keep your paying your bills on time and u should be fine..
4. Firstly go here and do your research prior to doing anything. www.creditinfocenter.com You can actually damage your credit by getting some things to fall off. Transunion will let you get a free report to dispute info. Equifax and Experian require $10 to purchase a report so you can then use the credit report for dispute. As far as those collections go, dispute, dispute, dispute. Most collection agencies actually have no real rights to be asking for money from you in the first place (read up on your rights). After a dispute the collection agencies have 30-45 days to respond to the credit bureau's and if they fail to do so, which some will, then the collection goes bye-bye. As far as the lates go just dispute them as never paid late. The worst they can do is confirm the late payments but some may get updated as what you state them to be "never paid late." Be wary of the collections though, after being deleted from your credit report some can actually come back and be re-reported. If you want to do it right you should look into one of those 3 in 1 credit monitoring deals so you will be notified every time anything is added or changed on all 3 of the credit bureau's. It's like $10 a month. Having those accounts showing positive pay history is key to good scores. At minimum you should have 3 open accounts (your car loan is paid off so it's considered closed with no lates hopefully), so you have your student loan, and hopefully some sort of credit card or other open account. My personal suggestion is to get a credit card with a low limit so you don't go crazy with it. Get one with a $500 or so limit and use it just for, say, gas or groceries and just pay it off every pay period. If you want to buy a house in the near future you have to have the open trade lines and a score of 620+ these days (Just so you know I can help with this as well). Research that site and get your scores up! Good luck P.S. Collections stay on the credit bureau's for 7 years max so for the ones that don't get deleted just be patient and dispute them after the 7 year period. Oh and don't listen to people trying to sell you to a credit repair agency!!!! Everything they do you can do for a minimal amount of money or entirely free!