Categories for Fixing Credit

Q&A: What Is the Best Credit card to help fix bad Credit?

March 11, 2012 5:00 pm Published by


Question by saylasmommy: What Is the Best Credit card to help fix bad Credit?
What is teh best credit card to get to help fix credit? My Credit score is not good…Like a 550…I Need to get a credit card but no one will approve me! Help!

Fast Credit Repair
Best answer:

Answer by fwf43
If you have bad credit, good luck getting a credit card in the first place. Exception would be a pre-paid card.

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The Credit Repair Kit

March 8, 2012 6:00 pm Published by

The Credit Repair Kit

For the approximately three million consumers who are refused credit each year because of inaccurate, incomplete or out-of-date information in their credit files; the nearly four million who have filed for bankruptcy in the past five years; and those whose credit has been damaged by money troubles, The Credit Repair Kit offers the information needed to correct and rebuild credit histories.
Fast Credit Repair

List Price: $ 19.95

Price: $ 4.50

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Best way to fix Credit in order to apply for a Mortgage?

March 3, 2012 6:00 am Published by

Question by : Best way to fix Credit in order to apply for a Mortgage?
I recently had applied for a Mortgage through a Realtor and got denied due to bad credit. He told me to file bankrupt and then wait two years to apply again. Now would it be better to try to go through a Debt Consolidator to fix the negative items on my Credit or just file Bankruptices?

Fast Credit Repair
Best answer:

Answer by Steve N
Bankruptcy will get you the mortgage faster. “Fixing” your credit is best, but the banks are quicker to hand out a mortgage to a bankruptcy because

A: You’ll have no debt
B: You won’t be able to go bankrupt again to get out of there loan.

If you have auto loans or anything make sure you make arrangement’s with those banks so you don’t get repo’d.

What do you think? Answer below!



Fixing Credit Score?

February 27, 2012 6:00 am Published by

Question by Cat: Fixing Credit Score?
I got my credit report and have a tom of bad stuff on it. I messed up when I was younger and want to fix it. I would like to have a house someday.
First i don’t and never had a charge card so i don’t have any debt that is collecting interest. Most is medical bills a repo’ed car, cable bill, and cell phone bill and an apartment I moved out early on.
How do I do this.
#1 Do I pay off biggest amounts or smallest amounts first?
#2 Do I pay off oldest or newest bills that are in collection?
#3 IF my credit report says “date this item will be removed is 3/2007” should I even pay it off or will it disappear like it was never there and if that is the case will it still affect the credit score?
#4 Do I need to contact the Collection agency before I pay or do I just send in the money
#5 Should I send money to collection agency or to the company I got the service from?

Thanks for any info I can get.

Fast Credit Repair
Best answer:

Answer by bennyp
#1: I would add up your total debt, figure out how much you can afford each month, and then make payments based on the amount you can afford. (IE: $ 0.03 per $ 1.00 per month on each account)

#2: Debt is debt, regardless of what the collectors tell you I’d apply an even priority to all accounts.

#3: If a debt becomes statute bared (too old for a creditor to pursue) it is still outstanding, however it may be removed from your credit file. A creditor can get a court order to prevent the debt becoming statue bared.

NOTE: A debt becomes statute bared 5 years from the last payment or contact with the creditor. (3 years in NT) Contacting your creditors or making a payment may start the 5 year period again. I would suggest seeking legal advise before contacting your creditors if it has been a while since you last spoke to them.

#4 & #5: I would contact the creditor directly and let them know how you intend to pay the debt. Stand your ground and make sure the payments are made on YOUR terms. A collector is paid to get the maximum payment from you possible, do not be tricked or threatened into paying more than you can afford. You need to use a “take it or leave it” approach, let them know who’s boss and make sure you still have money to live + have fun.

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