Credit repair

low credit score

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taviccy

Joined: 11 Sep 2007
taviccy's page
Posts: 1

82 Magic Points

Subject: low credit score

Tue Sep 11, 2007 4:13 pm

I have a minimum debt, but my sore is poor due to late payments, how can I fix it in a quick way?

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407

34596 Magic Points

Wed Sep 12, 2007 7:20 am

See...seriously there is no quick way of fixing your score. You really need to work on it and it takes time.

Simple enough would be to start making your payments on time if that is the only reason for your low score.
_________________
Regards,
Laura.

Polly

Joined: 06 Jul 2006
Polly's page
Posts: 63

3035 Magic Points

Wed Sep 12, 2007 7:26 am

Fixing it quickly cannot happen.

Keep your credit report clean. For that you need to see how you can solve the problem. If its about late payments start paying on time. If that is tough talk to your creditor and speak about your problem so that payment date can be adjusted. See to it that your account is not reported as late payment.

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 424

10960 Magic Points

Wed Sep 12, 2007 7:32 am

Let me give you some points so that it becomes easier to repair credit.

*Pay your debts on time (this has been mentioned in previous posts by Laura and Polly)
*Keep different types credit cards if any
*Try to keep it to the usage of 25% of the balance on your credit card
*Dont take unnecessary credit, use your existing credit card for that.
*Dispute incorrect items on your report if you have proof of the mistake
*Of course keep a check on your credit file if you are working on improving your score.

Hope that much helps
_________________
Where there's a will, there's a way !!

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127

1045 Magic Points

Subject: credit

Thu Sep 13, 2007 5:34 pm

It does take a while to clean up your credit. However.......it can be done!! I felt like i had the WORST credit, in the world. But.....making payments on time, 'disputing' innacuate items, etc. will raise your score. Every time someone 'inquiries' about your credit, your score goes down....remember that, too. Hope this helps.

smilenyc07

Joined: 23 Sep 2007
smilenyc07's page
Posts: 41

2683 Magic Points

Sun Sep 23, 2007 3:23 pm

Hello taviccy,

There is a couple of things that you can do about it Very Happy

1) Open up Excel and write down all your creditors - what you owe them (balance), what are your minimum monthly payments, what are your fees (monthly maitenance fees, program fees, annual fees etc), your APRs. You can get that information by calling the credit card CUtomer service departments. Having this written down will help you understand where you stand and how much it costs you per month.

2) Write down all your spendings per month. Write every penny, even if you have to walk around with a notebook. It will show you how much money you need per month, it may come up that you are spending more than you make.

3) Try to cut down on costs

4) Consider a consultation with a debt counselor - they can help you consolidate your credit card debt and save money and time

5) Pull a copy of your credit reports - you can do that for free at www.annualcreditreport.com. Check for mistakes and get them resolved if there is any.

Good luck and let me know if you have anymore questions Smile

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407

34596 Magic Points

Mon Sep 24, 2007 7:07 am

It seems that the excel has helped you a lot as well. I do the same. I have two credit cards and its easy for me to maintain. I just record my expenses amd all the important dates of payments. It helps a lot.
_________________
Regards,
Laura.

carol

Joined: 27 Jun 2006
carol's page
Posts: 462

12343 Magic Points

Tue Sep 25, 2007 7:48 am

I believe in frugal living. I do keep track of all my expenses. My savings have also increased... Smile

_________________
Keep in touch
Carol

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127

1045 Magic Points

Subject: money

Tue Sep 25, 2007 11:25 am

Yard sales are great to save money!! I love it!! Also.....I do live on a budget, like alot of people. But..I get the 'most' out of it!!

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1407

34596 Magic Points

Wed Sep 26, 2007 4:36 am

I have sold off some unnecessary items. I was surprised that those were actually bought by someone. Got a new charger for my phone with that Smile

and a paper back novel as well.
_________________
Regards,
Laura.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127

1045 Magic Points

Subject: debt

Wed Sep 26, 2007 8:15 am

I'm really a 'pack rat'. I started going though somethings, that i don't really use anymore, and I was amazed!! Sold a few things, too. Gotta make room for more stuff!! LOL

smilenyc07

Joined: 23 Sep 2007
smilenyc07's page
Posts: 41

2683 Magic Points

Fri Sep 28, 2007 1:42 pm

I always sell the stuff that I don't need. I usually put everything on craigslist and most of the time somebody is buying it. The last thing that I sold was my old computer that others would throw away - I got $120 for it. Sometimes I also buy things and later on I realize thta I don't need them. That goes on CL as well Smile


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