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| *Loan,banking and credit>>>credit repair |
How do I repair my credit fast and what is the best way? |
I have about 3000 in bad debts I want to pay off. Within the next year I NEED to purchase a new vehicle as well as I want to look into buying a house. What should I start to pay off first and what do I do once it is paid off to make sure the credit bureau takes it off. Also what should I do to get some good credit? All I have as showing good credit is my car and my student loans. I have credit cards paid off from YEARS ago but other than that nothing good. I was kind of a dumbie about credit when I was younger. Also should I try to get a loan to pay off all my debt and then pay it off within like six months? Just wondering thought that might eliminate all my bad credit and create good credit. Depending on your income situation, you will likely be better off getting a debt consolidation loan. It will allow you to pay off the bad loans and manage everything more easily, since you'll only have one bill to worry about. For more details on the benefits of debt consolidation, visit http://financialbasics.blogspot.com/2006... Good luck Source(s): http://financialbasics.blogspot.com... I would not buy a NEW car but instead buy a NEWER car like a 2001-2004 model. Use that extra money that you would have spent on a new car and insurance to pay off your debts. Pay all your current bills on TIME and pay you back debts. You might want to get a part time job if you can to pay your debt. To have good credit you need a credit score of 700+, keep your debt load down and your available credit should have more than 60% open. For example, if you have a credit card with a credit limit of $1,500 you should have like $800 credit available. You should pay off the newest debts which are charging the highest interest fees. If you have multiple collections, you could also pay down the majority of them and get the balance below 30%. Listed below is a link which contains helpful hints and sample letters. http://www.creditinfocenter.com/... There are lots of ways to accomplish what you want but only 1 best way. If you have lots of time and persistence, you can take a stab at it yourself. I believe, however, that your credit is at least on the same level of importance as taxes (which most people have professionally completed). I know of a non-profit company that does all the leg work for you and hopes to improve your score 90 points in 90 days. Check out the credit repair link at www.totaldebtsolutionsllc.com Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-cons... if it helps kindly remember me in your voting!.. cheers! |
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