step by step to repair credit?             Click here to Print

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#pcats - Says,

my credit score is pretty low. What is the first step in repairing my credit?
#fireyone - Says,

Pcats, The first step in repairing your credit is pulling your report and taking a close look at what is on their...especially the negative listings. Sometomes if you do not keep an eye on your credit report alot of misinformation can end up on it. Go through and if you see any then you will need to dispute the errors with the credit bureaus. We can explain how. If you have any collections that leave you open for a lawsuit and are not past your states SOL you will need to address those next. There are several things you can do we just would need a little more detail of your report.
#goodnatured - Says,

If there is anything on there that you don't think is right then you need to file a dispute. Keep good records on when you filed things and keep copies of everything. Credit repair takes time, you may not hear back for a little while and with everyday life going on, you may lose track of where you are at, so not everything.

Follow fireyones advice also, she has been on this forum for a long time. Goodluck and please come on back and give us a progress not here and there or hang out here and post while you are going through the process, many people can advise and learn as you go through the process. Keep us updated

#Guest - Says,

You can request your reports from this site.

annualcreditreport.com

#Jansinnet - Says,

You can receive your report once a year at no charge. Get your report from each bureau over the course of the year
#DEVID85 - Says,

Credit, the word itself has a lot to answer. It is the same way how you manage to keep your credit with your spouse, personal lenders and people in business relatives etc.
First thing is to commit yourself being regular, gaining your step by step. I usually write a letter of excuse to company for every delayed payment. Importanly, it reminds me to be careful on next payment.
Now it depends on your situation. You balance to credit ratio has good significance. Higher credit limits than actual usage improve score i.e. if you divide your purchasing to two cards, it will has good advantage. There are more methods such as loan or mortgage modification, consoldation of debts etc. to have better repo with banks in adverse conditions.

#GarySnober - Says,

Yes that would be the first thing to do. Get a copy of your credit report. Then review for mistakes, late payments, things of that nature. Why is your score so low? Have you had any late payments? Charge offs? BK?
#joie - Says,

has anyone ever paid a company to fix bad credit if so what company? have bad credit late payments, charge offs,judgements(taxes) but everything is payed off and i do think some dates are wrong most activity was from the past years ago
#carol - Says,

The credit bureaus are responsible to correct any wrong information from your report as per the Fair Credit Reporting Act and so you should immediately dispute the wrong information with the bureaus. The CRAs should investigate the listing within 30 days from the date of dispute and inform you of any updates. You can find sample dispute letters by visiting the letters of credit.
#Firang - Says,

Code:
has anyone ever paid a company to fix bad credit if so what company?


there are plenty of them but only deal with locals.make sure they are having BBB credentials with them thus proving them that they are transparent as well as ethical in their business dealings.

One more to add do not fall pray to the skyrocketing promises as in most of the case it never fulfills. Wink

keep us updated.

#winnable - Says,

There are literally hundreds of credit repair websites and a lot of them try to guarantee success but the reality is most of them are just a waste of money. They use methods of repairing your credit you can do yourself if you simply google credit repair templates. Their process is very lengthy and requires months and even years to get a lot of things removed and sometimes the bad marks can come back as some companies are very persistent, especially if you still owe them money.

The only guaranteed method to repair your credit is to pay off the old bills and get your derogatory balances to $0. "Well that isn't very helpful" is probably what you are saying. Since none of us just have cash laying around to do that there are other things you can do that are guaranteed to increase your FICO score practically overnight and start rebuilding your credit.

It's actually very simple. Sign up for Millennium Secured Credit Card and send them $300. Buy $90 worth of groceries on it and make the payments. Keep the balance under $90. Then sign up for alliedtrustdiamond.com and get a $10,000 unsecured credit card, buy something and make the payments. Do a google search for USA Shopping Club and sign up with them for $12,500 unsecured credit card buy something and make the payments, Eclub USA and get your $3,500 credit card and finally Horizon Gold and get your $500 credit card.

Once all of these companies report to the credit bureaus you are going to see an immediate increase in your FICO score. Guaranteed. Then you can work on getting the bad marks paid off and removed. It's much easier to get them permanently deleted if you don't owe them any more money.

#jimbo831 - Says,

These high limit unsecured credit cards winnable suggests definitely sound like scams. Does anyone have any knowledge of these? Shouldn't this post be deleted or censored and not be an advertisement for scams like this? Thanks.
#Barbara_Elena - Says,

Yes Firang, you are right but I think, after choosing your credit repair company, you must also check whether your credit repair company is really helping you or not. Review your credit report and see whether it has updated information.

If the credit report is updated, find out whether the negative information has been removed. Thus, if the negative information is removed, it means that your credit is improving and your credit score is also increasing.

#Seth - Says,

Jimbo,

I personally have not dealt with alliedtrustdiamond.com. So I don't have any knowledge about them. However, this was not a direct promotion, and so the post was not deleted.

Thanks,

Seth

#sdchargers_63 - Says,

JIMBO....I've tried 2 of these 'high risk' CC's. And I'm here to tell ya..yes..they ARE scams (the 2 I dealt with, anyway!!). I thought (as I was promised, by their advertiseing..) that, as I paid them off, each month, that they would "report to the CB's." Well...no,..they never did. However.....when the fees starting skyrocketing (and I nevr received an explaination why) I just couldn't pay it nymore. THAT'S when they started reporting it to the CB's..when it was a 'negative' rating.
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