*Loan,banking and credit>>>credit repair

What is the best way to repair bad credit?

There is no way to erase bad credit from your credit report, but you can improve it. You can start by pulling your credit report form all three credit agencies which are Experian, Equifax, and TransUnion. You can obtain these for free annually at the U.S. Government website at Federal Trade Commission . Then, follow these simple guidelines to help restore and improve your credit score.

First, make sure all the information on your credit report is accurate.

Second, try to pay off all or any accounts that are currently in
collections or make payment arrangements with the creditor to pay off the balance monthly.

Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.

Repairing your credit and improving your credit score is a slow process that takes time. Just be patient and follow these steps and you should be on the road to better credit! Source(s): http://www.bad-credit-credit-card-for-pe...

Start paying down you debt.
Get your free credit report on www.annualcreditreport.com. Review it to make sure that everything is correct. Close any accounts that you are not currently using. Keep one credit card - use it for a few purchases every month that you can pay off in full every month.

If you have debt, pay off the accounts that have the highest interest rates first. Don't just pay the minimum balances - that won't get you anywhere.

You can keep "good debt," like mortgages or student loans, because you can write off the interest on your taxes every year.

Last but not least - make sure that you pay all of your bills ON TIME every month!!
There are many ways to up your credit. Here's how I've done it in the past.

First, make sure that all of your bills are currently up to date. This includes things like credit cards, mortgages, loans, etc. This does not include things like an electric bill.

Second, begin paying down your debt, if you have any. Focus on one bill that you want to eliminate. Pay only the minimum balance due on all of your other debts, then begin to apply as much more than the minimum balance due on the chosen debt as possible. Once you've eliminated your first chosen debt, then begin applying the total amount you were paying towards the debt that's now gone towards the next debt you want to eliminate. This will take time, & you won't have much extra money for a while, but eventually all of your debt will be gone. Then you'll have more money. :-)

Third, if you are dealing with an issue of no credit (which can actually be worse than bad credit), apply for a credit card & make a single purchase. Pay the minimum balance due for that purchase each month until it is paid in full. Then make a second purchase & repeat the process. Every month your credit score will begin to rise.

Fourth, paying any bill late, even within the grace period, can have a negative affect on your credit score, so pay your bills on time.

Fifth, organize your bills in a way that makes the most sense to you. Create a bill payment schedule, as well as a monthly budget. Organize your bills in folders. Record all payments you make.

Sixth, if you are denied a loan, or if any adverse action is taken against you be any company, you are entitled to a free copy of your credit report.

Seventh, remember that there are three different credit reporting companies in the USA. Make sure you get copies of all of them, as each will most likely have different info regarding your credit history.

I'm including a government link, but I don't know if it will be helpful. Sorry this answer is so long, & sorry if the info is either irrelevant or a repeat. Good luck!
http://www.ftc.gov/bcp/conline/pubs/cred...
I am a financial counselor, and the best thing you can do is to pay all your payments on time and use a process called debt stacking - when one debt is paid off, take that payment that you were making and pay it on the next lowest debt until that one is paid, then stack the payment on the next lowest and so on, until all debts are paid up.