Question by silvergirl: How do I fix credit score? ?
What is the best and quickest way to fix my credit score? I plan on getting all 3 credit reports, and fixing errors. Also have items in collection due to divorce. What do I pay off 1st. Need new car and can afford monthly payment, but need to get into loan and do this 1st. Thanks in advance.

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Best answer:

Answer by Reena
Go to www.annualcreditreport.com and get your credit reports for free from all major credit bureaus.
On their website you will find the forms to dispute any entries that are incorrect.
Do yourself a favor so… don’t dispute everything in sight but only things that aren’t yours.

Paying off delinquent accounts will not take them off your report but only add the remark “paid in full” etc. to the entry.
Your credit report is a reflection of your payment history and no parts of this history will be deleted just because you made good on old debt.

Eventually old debts that aren’t kept active will fall off your credit report within 5 to 7 years.

Stay current on your active accounts and make substantial payments, not just the min. payment, and keep your credit balances low.

To get a car I would suggest you save up a nice down payment amount – this might help. You can also try to get a car loan financed thru a credit union. It helps of course to be a member of a credit union and have an active account with them.

You won’t know where you are standing until you ask a lender to pre-approve you for a car loan. Don’t get suckered into a high interest loan from a car sales man… have the loan approval before you go car shopping. That way you can’t get scammed by high interest car loans financed by the dealer ship.

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