*Loan,banking and credit>>>credit repair

How do I repair my credit?

I went away to school and had a hard time paying my bills... as a result I got behind on my payments for a whole year I am in the process of paying all my bills off in full and will hopefully be done by January. How do I rebuild my once good credit?

It was like reading my own history. I completely bombed my credit in college and even now am still feeling the heat from it. This is what you need to do:

1. Get a copy of your credit report and take note of all the negative marks. You can usually get companies to take out negative marks on your credit report if you pay in full or set up some sort of payment plan.

2. Consolidate your debt into a single payment. Do this by looking around for "debt consolidation loans" from your local banks or financial institutions. This way you can pay off all those debts and get your credit back on track.

3. Prepare for a long haul. It takes 7 years for bad credit to come off your report. So be prepared to face the consequences of what's already happened. Don't cancel your credit cards that have no annual fees. Hold on to those because you may not be able to get new cards for a while.

4. Pay your bills and rent on a timely basis for the rest of your life!

I'm at the end of my 7 years and have seen my credit score go from 540 back up to 682 now and hopefully when this last black mark is off, I'll be back over 700!! yay! Good luck and remember there is always a light at the end of the tunnel!

start paying your bills on time
I wish I knew, because I kind of in the same boat.
have you thought about a credit repair company to help you
What you need to do is get all your bills current again - and keep them current - pay off all old debts and do not incur any new debts - my husband and I are currently paying off old bills - and some companies if you call them - will give you a settlement offer if you pay them all at once - then instead of going and applying for new credit cards - just use a debit card - much easier - this way - if you don't have the cash you can't buy it - and if your one of those people who says they need a credit card for emergencies - then get one - and put it in water and freeze it - I know, sounds stupid - but this way - you won't be tempted to use it for stupid purchases - you'd have to defrost it before using it - this way - it's really only used for emergencies
Paying off the old debt is the first step.

Once that is handled, you should be able to get a secured credit card (one you put a cash deposit on). Google secured credit cards to find a provider with a good deal.

Usually your limit starts out equal to your deposit but as you pay regularly, they will begin to increase your limit and eventually release your savings.

The perks - you still have a savings account they pay interest on, plus if you run into money trouble again, you can pay it off with the savings so it won't kill your credit.

Then the next thing you need to do is pull your credit report and make sure there isn't anything there that shouldn't be, and that everything paid is marked off as paid.

Time will be your best healer. Even a year down the road, the bad will have a lesser impact.

It is best to avoid having a lot of credit. Save it for important purchases like a home or car, then pay regularly.

If you use a credit card, you do need to run a balance on it for a while to show you can and still make your payments, but then keep it paid off.

Most of us abuse credit but quite frankly, if you don't have the money for something now, you can't afford it. Working to make money to pay for past sins, comes at the expense of having money today for fun now, and money to invest so you can have a secure future.

If you are ever on secure footing again AND can be 100% sure you will pay off the balance each and every month, then get a fee free card that offers reward points or mileage. Capital One has a great one. Then you can charge everything including groceries and gas, and pay it OFF every month. Then you use the points for free vacations.

It's a great concept if you are disciplined.

It's a bad idea if you're going to outspend yourself again.
Once you've gotten everything paid off get a secured credit card and make sure you pay the monthly bills on time. You have to be carefull not to charge more than you can pay. After six months to a year of paying this on time you should be ok Also make sure you pay your utilities on time.