Repair Credit Report Help
how do i fix my credit score?
my credit score is under 600, but I can't get it to go up. i have tried getting a credit card for people with bad credit. i don't' have any current debts, and all the negative items on my credit report are really really old, like 1999 and 2002. how can i raise my score and get the bad stuff off my report?
Public Comments
- Avoid using credit. Pay all debts and bills on time and in full. If you have to defer or partially pay a bill, get agreement of the creditor, don't leave them trying to track you down. Make sure you are not subject of identity theft. Build up a cash reserve so that you do not need to use credit. Once you have done this your credit score will magically improve, and you will discover the joy of living debt free.
- Here is a suggestion, get a secured MasterCard or visa You don't need credit just a savings account, and they report to the credit bureaus. You need something to offset the poor credit that exist with the collections
- You have to use credit to build good credit. You may need to get a secured credit card if you don't qualify for any other. The site below has a link to a company that will give you one. http://www.credit-info-site.com/creditcardsforbadcredit.html The old negative stuff will come off with more time but if you want to be proactive about removing it you can ask for verification of the items. Any item that is not verified as accurate will be removed from your reports. The odds are in your favor that many items will not be verified and will be removed. The website below has the details as to how this works and even reviews and explains credit repair companies that do it.
- No matter how perfect you pay bills on time as long as you have not gotten old debts removed off credit report they will keep your score low. Find out what companies are giving you the negative reports and talk with them on how you can get them to remove negative credit.
- 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. ------------------------------------------------- http://www.bestcreditrates.net
