I have been told I have a bad credit score. How do I fix this?

Public Comments

1. With any creditor..and the scoring system..make sure you pay your debts on time when they are due.If you have payments you missed,I.E. car payments,credit cards..catch up on them..
2. You can start by writing to all three credit reporting agencies and disputing everything on your reports. They have 30 days to respond. If they don't then they have to remove it. Don't get too excited, they probably will respond to most if not all but it's worth a shot. Next, make sure you make payments even if it's just the minimum to all your debtors. It will take time but as late pays and no pays begin dropping off you'll see your score rise. The most important thing is keeping everything current. Don't open any more new accounts, just pay off what you have. You can go to www.annualcreditreport.com and get free copies of your reports. Good luck!
3. Dont listen to this Poor excuse for not giving you tick... One minute I can apply for a Credit card - get a knockback - and apply for the same one next day and get it... its just your Donald Duck.. stay clear of Experion etc..
4. That's easy, you pay your bills before you eat! Pay on or before your due dates, pay ahead if possible. You don't but it unless you can afford the payments, and you must realize that each loan adds up each month. Take a piece of paper and add up all money that comes into your account each month. Then add up everything that goes out (you can round and average utilities). If the sum of what comes in is too close to what goes out, you don't need to buy anything else. Causes for a bad credit score: Late payments Too many credit cards Not enough income vs. payments due Never bought anything on credit Employment history Point is, Everything you do in life matters! You can be a slacker all you want, but you will be treated like one if you really are.... If you are a go-getter, you will get rewarded.
5. I have been trying to fix this same problem. It takes time. First you need to start paying off your debts a little at a time and make sure your never late. Then open up some small accounts i.e credit cards or a personal loan and pay them before the due date and never late. After you build up some good status with the creditors your score will go up.
6. First get a copy of your credit report. You need to know what is on there to fix it. 2. Make sure you are paying your bills ON TIME. Paying late will wreck your credit score. 3. Maxing out your credit cards will also ruin your credit rating. Pay down your balances and pay them off! 4. Don't keep applying for credit cards. The more cards you have open, carrying open balances, the more risk it is for existing creditors, therefore it will deteriorate your score. 5. Pay mortgage first. Paying your mortgage late is a like a felony to the bank. 6. If you are a little "tight" one month, know that there are certain bills that don't report to the credit agencies (yet) and so you can be a few days late and it won't hurt you......electric, phone, gas, water, rent, doctor/dentist bills. HOWEVER, if you are so late that they turn it over to a collection agency....you're screwed. 7. If you find items on your credit report that are paid or not yours WRITE to ALL THREE credit agencies to get the items off. Each item should be documented in separate letters. Legally, the credit agencies MUST respond to you within 30 days. Check out www.myfico.com for more info.
7. OK first i would check with experian to give you your correct scoring as most banks work with internal scoring which is the way you run your account if it is internal scoring you can start with only switching what you need and stop using atms don't keep applying for cc an loans as each time you apply it reduce you scoring always give it 3 to 6 months don't go over you overdraft and don't get any return payment on your account . build up some savings so thy can see you are financially responsible