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| *Loan,banking and credit>>>credit repair |
How do you repair bad credit? |
How do you repair bad credit? The only thing that really "repairs" bad credit is time. Most lenders look for a couple of factors when lending. How is the person using their credit? Do you have negative trade lines? Do you owe money? Do you have to many revolving credit lines? Have they paid on time? How long have they had credit? If you do have negative items, find out what they are. Pay them and get them updated as paid. Keep copies that they have been paid. Try to stay aware from credit cards. Try for saving secured installment loans or auto loans. It shows that you can be trusted to pay over time. And just keep paying on time untill you can show the lender "Yeah you've had a rough patch but since........." Source(s): 6 years as a banker Get a credit report and start payen on the old bills. And if you get any thing on credit make sure you pay. We are going threw it now and it is hard. But get a credit report see who all you owe and start payen Pay off your bad debts, and get a secured credit card from your local bank or Orchard Bank online. Use the card but do not charge more than half of your limit. Make the minimum payments until its paid off and then charge up some more stuff. Essentially you have to artificially create a track record of responsible credit usage. By cutting up your credit cards and never borrowing money again. It's called delayed pleasure and living within your means. What's in my wallet? CASH! Call all of your creditors. Ask each of them to put you on a reasonable payment plan. Ask each of them to lower the interest rate. Ask each of them to work with you. Pay something to each of them every month, with the most going to the one with the highest interest rate. Ask and you shall receive. Don't ask, don't get. GOD bless. |
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