Credit repair?
How do you repair your credit.
Public Comments
- The best method is to pay your bills on time, and try and pay down the debt while doing so.
- Pay your bills on time and pay down the credit cards. You can also go back to old debt and make settlement arrangements. Depending on how old, you might be able to settle for half or less. Be sure to get any settlement agreement in writing and get the creditor to agree to mark the debt paid -- you can try to get them to remove it but don't count on that.
- you can remove inquiries online or by sending letters to transunion or experian. you can dispute all other erroneous items online..and can start out at annualcreditreport by getting your free report. you can go to each website and dispute from there. you can also send letters to the agencies to dispute the accounts....and send letters to the collections to validate the accounts
- Check out the Nolo law book on credit repair in your local library. You can do credit repair yourself.....
- To Repair credit score Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.bestcreditrates.net
