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| *Loan,banking and credit>>>credit repair |
I really want to repair my credit but I don't know where to start? |
I really want to repair my credit but I don't know where to start? #1) Pull all your reports. Not online, request actual physical copies. They usually contain more than what an online report does. This will give you a start on where you need to go with your reports. Also, keep them. Never toss them. They are proof later on if you need them to refer to if you ever get into a legal situation regarding your credit (lawsuit etc). You can get your first set free on an annual basis at annualcreditreport.com. #2) Dispute. Dispute anything that is not correct including, balance amounts, lates, etc. If you have only one or two lates, I would call your creditor and see if you can get them removed via goodwill gesture, or send a goodwill letter. You can find some great letters on some of the credit boards like creditnet.com and creditboards.com. #3.) Collections? If you have any collections on your account or anything that should not be there, send a DV (debt validation) to the creditor asking to prove the debt. If they cannot, they have to remove the debt off of your report by law. #4.) You have rights - check out http://www.ftc.gov/os/statutes/031224fcr... for more info. #5.) check out some of the posts on creditnet.com and creditboards.com for assistance. #6.) If you have no credit, or want a temporary boost - have a family member or really (really, really, really) close friend add you in as an authorized user on their credit cards. Make sure the balances are not high, otherwise this could hurt you more. The higher the available credit, the more your utilization will go down on your report - therefore bumping your score. #7.) Avoid unnecessary inquiries. Hard pulls can hurt you, so avoid applying for new credit cards unless necessary. This of course is a shortened version of things you can try. Research info on those links I provided you. You can increase your score spending just a short amount of time per week, sending letters to creditors etc. I increased my score over 100 points in less than 6 months. Depending on your situation, this could take shorter or longer time, but at least you have somewhere to start. Good luck! Start by getting your credit report from Equifax, Expirian, and Trans-Union (not sure about that last one) I have a FICO score of 770, I've never missed a bill ! Pay off your debts and continue to pay your bills flawlessly for the next 7yrs and beyond and your credit will be straight again ! Slim All the info u need is here. http://www.repair-your-credit.jims-info.... It's pretty simple, but not neccessarily easy. 1:check with credit agencies to make sure all their info is correct. 2:make your mortgage, credit card and loan repayments in full and on time. 3:repeat step 2 until credit is repaired. If you have trouble with step 2, stop buying unneccessary stuff and renegotiate your loans. there are often local charitable organisations that can help you and give advice on this. look for them. Read through the Credit section on Fool.com (US version) or Fool.co.uk (UK version) depending on where you live. US Version: http://www.fool.com/ccc/ccc.htm... (in particular the "Check your Credit" tab in that section) UK Version: http://www.fool.co.uk/credit-cards/infor... |
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