Categories for Fixing Credit

I’ve heard about many things about fixing credit score. Which actually work and how fast?

January 7, 2012 6:00 am Published by

Question by : I’ve heard about many things about fixing credit score. Which actually work and how fast?

Fast Credit Repair
Best answer:

Answer by SPIFIMAN1
There are really very few things people can do to “fix” credit due to the Fair Credit Reporting Act since it say’s that all derogatory accounts show for 7-years from the date of first delinquency and as long as the information is true and correct it can not be removed.

The exceptions are bankruptcy’s (10-years), student loans (until they are paid), tax liens (15-years) and judgments (either 7-years or whenever the statute of limitations runs out whichever is longer).

So the best thing people can do is pay their bills on time and never carry a balance on credit cards if they can help it and if not at least never exceed 30% of their limits. This will establish a good pay history which is 35% of your score plus keep your debt to credit ratio low which makes up another 30% of your score.

As far as time is concerned credit scores are 90% based on the last 24-months of activity.

What do you think? Answer below!



Credit Repair Business – Credit Repair !

January 4, 2012 6:57 pm Published by

Do you question why people continue to use secured credit cards to rebuild credit image? It is simple as using common sense and it is because the use of secured credit cards for this reason has had success. The scheme of utilising the secured cards has bailed out many from embarrassment resulting from bad credit history.

Using these cards is also the least expensive way to do it. For as long as you purchase the card from a bank which charges the lowest fees, it'll be like you are using cash when purchasing your wishes. The purchases you'll make against your secured credit cards to rebuild credit will be paid by the money collateral you'll have to initially deposit with the bank. Smart, isn’t it?

Besides offering this convenience, the cards to rebuild credit strategy requires just a little time for recovery. Regaining your standing as a good borrower will only take around a year to take place.

At about one year of use and supplied by that time you would have made good in your payments, your creditor bank will be offering you to become accepted which means by that time you can discard your secured credit cards to rebuild credit image for an unsecured Visa card. Unsecured credit cards have lower fees and don't carry with their use the negative impression of credit unworthiness.

One or two agencies are in support of your bid to use secured cards to rebuild credit integrity. One of them of course is your creditor agency. Additionally, the nations credit offices will have to keep updated with the latest about your credit transactions. Most especially they'd like to know whether or not you are using the advantages of secured credit cards to rebuild credit integrity or not. Good payment records will be a good pointer that you are back on your feet. So you aren't alone in this fight. Help is surely on your side.

Hasty calls can be most damaging financially if you will not be cautious in your request. As an example, many credit firms will offer you to get insurance along with a promise to confirm your secured credit application. The system was not built to make it complicated for you. As an alternative the system suggests a technique of giving you a chance to return with clean credit records.

Be dubious of deceptive and dishonest blackmailers. Many are out there in waiting to take advantage of your direst need to obtain secured credit cards to rebuild credit reliability.

When you rebuild credit ,be wary of dishonest and deceitful blackmailers. Many are out there in waiting to take advantage of your direst need to obtain secured credit cards to rebuild credit reliability.



I have bad credit which I have been fixing, are there any free credit cards I can get?

January 2, 2012 6:00 am Published by

Question by Katie: I have bad credit which I have been fixing, are there any free credit cards I can get?
My credit was bad, but I’ve gotten everything paid off and its been about a year with nothing but good. The only credit I have right now though, is a fingerhut account which is paid off. Are there any credit cards which will give bad credit people a second chance and NOT charge a monthly or anual fee?
You do need credit for some things in your life. It sucks but its true. So don’t judge me, either give me an answer or not.

Fast Credit Repair
Best answer:

Answer by ARCHER
not really, check out www.creditcards.com

Know better? Leave your own answer in the comments!



has anyone have any issues with consumer credit counselors in fixing your credit?

January 1, 2012 6:00 am Published by

Question by shawneeee77: has anyone have any issues with consumer credit counselors in fixing your credit?

Fast Credit Repair
Best answer:

Answer by Judy
Someone I know went through them a number of years ago. She had to cut up all her credit cards, but they succeeded in getting the cc companies to reduce interest rates drastically. It took her something like 3 years to pay off all the bills though.

Know better? Leave your own answer in the comments!



Use Credit Repair Info To Your Benefit

December 28, 2011 10:35 am Published by

Are you wondering how to repair damaged credit? If this describes your current situation, then you need to learn how to take advantage of credit repair info which can help you to repair your credit score. You will notice there are a couple of different techniques that you can try to your benefit.

Listed here are the two main ways that you can use this repair information to help you repair your score.

One: Use the info to write down your budget – If you want to have a better score, you will need to use the repair info to plan a budget. Get a free credit report once a year from any of the big three reporting agencies, and note any of your outstanding balances or be sure to look for any misleading or erroneous data that can hurt your overall score.

Once you have this in hand, it’s going to show you the money that you have to work with every month so you can make changes and stay on target. When you write it all down, you group all the problems in a central place and can get a bird’s eye view over the situation. This will result in a better rating.

Be sure to set some time aside to get a budget down on paper, and you’ll find that it’s worth it if you want to get and maintain a good credit rating. To the degree that you want a precise budget, you’ll need to follow through on what is listed next.

Two: Begin to get current on outstanding bills – Using your repair info, from the annual report, will help you find a place to start addressing your credit problems. You want to pay out as much as you can each month without causing further damage, and then you simply contact any companies that you can’t pay until later and work something else out with them – they normally have alternative plans you can use.

Three: After you start repairing your credit, you do things to ensure your score keeps going up. As mentioned, the best place to start is your free yearly bureau, and you should get it each year so you can maintain these thing. Address outdated, wrong information, or information that is misleading.

These methods are the strongest ways to use credit repair info to your advantage. Don’t just let your score continue to dwindle when you can take action and begin the process – you enjoy benefits with a better score. Keep in mind that this article can’t fix anything unless you keep your head in the game and put these tips into practice – you can have good credit and keep it if you are serious and follow these tips.

If you want to learn more about Quick Credit Repair, visit Bad Credit Repair and get all your questions answered while you read your Free Special Report. More articles on Credit Repair Services and they can be found at Credit Repair Help.