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Credit Repair Tips
Andre Said:Repairing credit tips?
We Answered:?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - creditreport.undonet.com
Ernest Said:What's the best and fastest way to repair credit?
We Answered:First you need to learn about your fico credit score. Legally you are entitled to one free credit report a year. Find either Equifax, Experian, or TransUnion's website, one of them is bound to have a link to getting a free report. They will probably have you sign up for a free month, BUT IT IS ONLY FREE IF YOU REMEMBER TO CANCEL AFTER YOU GET YOUR REPORT. Personally, I would recommend getting a credit card and only charging a small amount every month so you can pay off the balance every month. Paying off any more than the minimum payment on a credit card looks good. If you have no credit, you may be able to start with a student credit card, or if you have bad credit, you can get a secured card, where you pay, say 200$, and then you have a card with a 200$ limit. Hope that makes sense. One of the best ways to build your credit is to pay off a loan. A car loan is a good option. You could get a bank to finance but going through a dealership may be easier. If you have bad credit, you may need someone to cosign for the car. But beware, if you do not make your payments the cosigner can sue you in court for the money you owe them. If you want more info than this check out Suze Orman's book: The Money Book For the Young, Fabulous, & Broke. (Or any other book by her). Reading a financial book sounds scary but she makes things really simple. Good Luck.
Roberto Said:are there any credit repair tips?
We Answered:First of all get a copy of all 3 of your credit reports. Congress allows you a free copy once a year, or when you get a credit denial. Check over all of the line items, if you dont know what one is dispute it. Most credit reports have errors.
If you are looking to get your score higher, so you can pay off some bills with better credit. Keep your revolving credit cards under 25% of your allowable credit. Have a little on them but never over 25%.
Make sure you are not late, but disupute anything that is not accurate. Here are the numbers and websites for the 3 major bureaus.
Eleanor Said:Any tips on repairing your credit?
We Answered:Firstly - you should not have been so stupid as to run up your debt.
Secondly - just pay off your bills on time and you should be OK.
Gabriel Said:Credit Repair?
We Answered:Just the other day, I had a discussion with my Dad [86 years young &&&& STILL working almost every day] about a totally different subject. However, one of the things I mentioned applies to your question. It's this:
Its one thing to learn what you have to do to accomplish something, but its quite another to learn it THEN do it!
Suggestion: Pay a visit to your bank or credit union. You don't have a savings or checking account anywhere? Open one.
Ask the manager, or one of the wonderful folks working at a desk there, what the bank or lending institution takes into consideration when considering a loan to an individual.
THEN begin doing it.
You should begin educating yourself. Two very inexpensive books you should invest in:
1] "The Richest Man in Babylon" by George S. Classon
2] "The Magic of Believing" by Claude M. Bristol
You don't have to invest in both of them at the same time. Once you buy one or both of them, they are yours. Its perfectly great when a person buys one. Reads it. Marks the devil out of it. Make notes. THEN adapt and follow the principles each provides.
THE ONLY thing you should do is READ ONLY 5 PAGES PER DAY. Make notes. Adapt those principles to the lifestyle you see and picture in your mind. DON‘T be discouraged or disappointed. DON‘T let people tell you it’s a bunch of ****. .DON’T get discouraged and give up. THIS IS ALL ABOUT YOU AND FOR YOU, isn‘t it?
Begin striving for the wonderful things this wonderful world of ours has to offer and are there for the asking - after you prove to the world you worked for them, you earned them and they are yours!!
I wish you well.
Vickie Said:looking for a credit monitoring company who also gives tips on credit repairs.?
We Answered:www.True Credit .com -for credit monitoring
The Credit Info Center- For advice read the free step by step guide to credit repair yourself.
Jerry Said:What are some good credit cards for credit repair that AREN'T scams?
We Answered:First all, if you're trying to repair your credit, the APR shouldn't matter because if you're really committed you will pay off all bills in full every month!
Try the credit cards offered by your bank first. Banks have a soft-spot for their customers and that can be a positive factor in their credit approval.
Next, look at cards offered by Chase, CapitalOne or Citibank. These are reputable company.
Orchard Bank should never be a choice if you're building credit. In my opinion, their lending practices border on predatory. Fees are outrageous, and they are not very good at disclosing hidden ones.
If your credit is as bad as your say, be prepared.
You may be denied.
You may be offered a secured credit card.
You may be offered a credit card with a higher rate.
If you're denied for credit, don't keep trying. Wait for at least 6 months before you try again. When you apply for a credit card, the lender will get your credit report. The more you apply for credit, the lower your score can get and less like you are to be approved for credit.
Vicious cycle, right?
If the credit card has a high APR, consider accepting the card. The high APR will only affect you if you carry a balance at the end of each statement cycle. BUT pay off everything when the bill comes.
If you do this, you won't see your credit improve right away. It may takes anywhere from 1-7 years to repair your credit.
If you were offered a secured credit card, think twice. Lenders don't just look at your credit score or whether you have a good repayment history. They also look at the type of credit lines you have.