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| *Loan,banking and credit>>>credit repair |
I am repairing my own credit but I need some pointers? |
I have taken off the two adverse reports on my credit report. HOWEVER, in l998, I had about 9 different cards. At that time, I had closed all my accounts (this looks bad). How do I reverse that? Do I need to get all these credit card accounts off my report. Any ideas on how to establish credit now? You should be able to remove items that are over 7 years old. If the date of closure predates today by seven years, you can ask for the items to be removed and they should be. Make sure you explain that the closed accounts are hurting your credit scores. (I dont think they really are, but if you say so...) Positive entries are technically allowed indefinitely, so you need to stress the negative effects of the accounts. Establish credit with a couple of credit cards. Try Orchard Bank or Capital One. You might be able to get a card that is not secured. Do not make the mistake many people make. They charge an amount and pay it off every month. That's not what creditors want to see. They want to see you handle a balance over time. So pay the account every month on time, and pay more than the minimum due. Naturally, make sure you pay everything else on time as well. It took time to mess up your credit. It takes time to fix it. Hang in there. Source(s): Credit Counselor/Credit Repair for 20 years. If there were no late payments to these account or collection activity and they were paid in full and closed by you, then leave them on there ... This shows that you had credit 10+ years ago. When I bought my house and my credit was scrutinized, they did not pay much attention to the accounts I closed. My credit is stellar now, and I open and close credit cards (balance transfers) on a regular basis. My score will drop and go up by 10 points when I do this. I check my score for free with Washington Mutual's credit card. Hi, Get valuable tips on credit repair from http://moneymentor.cashmatter.info... . It's a very useful website. |
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