Credit Repair?
I have pretty bad credit, actually more like really really bad credit and I'm coming into to some money and I'm going to use it to pay off my bills. Now, I already know about keeping a card open, but all my credit cards will be paid off and I will have still outstanding my car loan and a student loan. How long before my credit starts to get better?
Public Comments
- Well, it depends. If you have had Charge off's (write off's) they stay on your credit reports for 7 to 10 years. If you had general lateness, it stays on for 2 years. Bankruptcy is 7-10 yrs as well.
- Steps To Repairing And Building Credit. Hope this helps
- Don't pay off all your credit cards to zero. Pay them all off to a balance of 20 bucks. And keep using them - and paying down to 20 bucks. Once the payment is made and it is reported to the CRA's your score will take an IMMEDIATE jump upwards. Always keep credit cards below 30% of credit limit. Keep the oldest 3 open. You can pay off and cancel the rest. Get a tri-merge credit report. You can dispute anything that is listed as a late payment or 'Derogatory Trade.' Some on here will try to tell you that nothing can come off of your credit report that is legitimate. Not true! Those folks need to get a job writing speeding tickets at the Indy 500. You most certainly can benefit from disputing the accuracy of your credit report, whether or not it is a legitimate item. Sometimes they can't meet the burden of proof laid out in the FCRA within the allotted 30 days. Good luck to you!
- Start repairing your bad credit at www.creditbud.com
- Learn how to repair your credit. It's free, legal and your best option. Check out the site below to learn exactly what to do.
