need to build credit for home loan

Submitted by elementiron on Tue, 07/28/2009 - 21:55
Forums

how do i build credit when i've had unpaid bills on my report witch are currently paid and no history of loans?

Hi Elementiron,

Building your credit can sometimes be a difficult job. Those unpaid bills are probaly showing that they were paid late and that will not help you secure loans which help build your credit. I am assuming you had some unpaid bills and then paid them off is this correct? If so be sure that the creditors updated your credit report so that these listings are showing paid or settled.. They will still be reported as being paid late (30 or so more days) but it should show where you satisfied them. Although not having them on there at all is best showing you paid them is better than letting them go.

Wed, 07/29/2009 - 11:05 Permalink