Repair Credit Report Help
How do I fix my credit standing?
Received a bad credit report.
Public Comments
- Pay your bill, or did you forget AGAIN?
- there is nothing you can do that will fix it right away. it takes a lot of time. you cant have to many late bills, cant have too many credit checks (like if you buying a new car and the sales people say they will check to see how much credit they can get you) every time they look it lowers your score, cant have too many credit cards, cant have too many cancelled credit cards, stuff like that. go see a financial advisor
- Pay your debts on time.
- Payoff your outstanding balance. More detail, you can go to www.myfico.com.
- marry some one that has a very good score and put everyting in there name
- just go to the bank & pay u'r bill & don't forget to cancel it
- You need to do 3 things. Each is equally important. 1. Pay off your debt. 2. Remove the negative items. 3. Build new credit. This can all be done, if you are really persistant and serious about doing it. This website is an excellent source of free information : http://www.expert-credit-advice.com/
- What's your definition of a bad credit report? What was on the report? Please elaborate. If it's debts taken to collection agencies, I would suggest the following. First, validate your debt. Does the debt truly belong to you? Go to http://www.creditinfocenter.com/rebuild/debt_validation.shtml If it does, how long has it been on your report? Each state has a statute of limitations for debt. Just look it up for your specific state. After so long, the debt cannot legally be on your credit report. If it is fairly new, I would suggest paying it off. However, if you are not planning to apply for any loans w/in the time period before it falls off, possibly don't pay it. For example, if it's been on your report for 5 years and your state's statute of limitations is 6 years and you don't need a loan in the next year, just don't pay it and wait for it to fall off your record. Lastly, can you afford to pay it? If so, I would settle it immediately. If not, talk with the collection agency and try to strike up a deal. However, make sure you get it IN WRITING that the debt will be "Paid in Full" rather than "Paid in Settlement". The reason for this is, if your debt is $100 and you settle with the collection agency for $50, the remaining $50 could be sold to another collection agency. Horrible, I know, but it does happen. That's why you need to have EVERYTHING in writing.
- I just want to point out that you will make better use of the advice you received if you do know exactly WHAT goes into the credit score. Then all the advice about making a budget, paying your bills on time and so on make so much more sense because you can see the whole picture http://financialbasics.blogspot.com/2006/11/credit-reports-and-credit-reporting.html
