celery_is_the_enemy
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If you will still have those two negative items on your credit report, even if they are paid in full, contact all 3 credit bureaus immediately about those 2 negative accounts. Tell them that those are the specific accounts that you are disputing and tell them that those accounts are wrong, that they are now paid in full.
Make sure to include information on the accounts such as the account numbers and the name of the company. The three credit bureaus will have to investigate and they will find that you did in fact pay the accounts and they will change that on your credit report to showing that they are now paid in full.
Whatever you do, do NOT bother contacting the accounts that you paid in full and asking them to report to the credit bureaus that you paid them. They will just jerk you around and say "oh well, it says in our records that we did report it" when in fact they don't. They got your money and they don't give a crap about the rest to take the time to report to the credit bureaus that you paid them. So you will have to contact the credit bureaus yourself and let them know that it is incorrect.
If you don't know, the three credit bureaus are Equifax, TransUnion, and Experian. The phone number to TransUnion is 800-916-8800, Experian is 888-397-3742, and Equifax is 800-270-3435. It probably won't be enough to call them to dispute the information, but you can call and ask for their mailing address. Then you will need to type up a letter to each credit bureau to tell them you are disputing the errors on your credit report.
To save you some time getting screwed around by the credit bureaus, I recommend you include with your dispute letter a copy of your driver's license, a copy of your social security card, and proof of your current residency such as a copy of your current utility bills with your name on it.
Sorry if it sounded like I ever repeated myself, but I am just trying to save you some hastle in the long run. Because if you don't include all of those things along with the dispute letter right away, the credit bureaus will just screw you around and keep sending you letters requesting more information and it will just take a longer process and you keep having to repeat the information you already sent to them.
If you haven't guessed, I have gone through this already. lol But the upside of this is, the sooner you get this done, the better, and if you have any credit cards or other accounts, just keep them up and try to keep as low of a balance as you can and keep paying. Your credit score will improve sometimes within 6 months or so. |
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Credit Guru
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I'm not sure what other items are in your credit files that would affect your score but here is a goal to get to Excellent credit.
Have 3-6 revolving accounts reporting with no late payments and as close to a zero balance. Also have 1-2 installment accounts(car,mortgage) reporting on time payments. After 12 months you will have raised your FICO credit score. The older the negative items are the less they are affecting your score.
Good Luck |
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Bridger2
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always make payments on time,
don't max out your credit cards,
close as many credit lines as you can,
settle any olds debts creating negative scores |
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ghildruf
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Seems like everybody says pay your bills on time, but not much mentioned about every time you request credit will actually lower you credit score also, be careful about applying for credit too often. Sometimes that will keep your score down even if you pay your bills on time |
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*****
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The most important thing to do is Not to miss even one payment due, otherwise you will be back in the same boat again.Credit reporting agencies like to see consistancy in borrowers(people extended credit). |
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GetMeTheBigKnife
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I was in trouble and called my credtors. They told me to pay on time for 6 months and I would be in good standing. I did so aggressively (more than the amount due). I called back after 6 months and they said they would raise my limit. Naturally, I declined as thats what got me in trouble in the first place - go figure?!? |
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ponygirl
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Always pay on time or early and keep it up.Don't use all the credit you have.Live within your means. |
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suspendor
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Why in Gawd's name would you want to get yourself enslaved again? Just learn to live within your means, and make use of debit cards instead. It's amazing how fast creditors turn around when they think you've wised up. |
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flowerlover12003
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According to experts on Oprah yesterday, pay off small bills first not higher interest rate one. Don't miss a payment!!!!! Don't be late with a payment!!! If you can afford it, pay few dollars "extra" on payment. |
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decchick05
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Speaking from personal experience, you're in for a major financial overhaul. My first suggestion is that you make a list of all of your creditors, citing their names, addresses, phone numbers, your account number, the amount you owe, and your monthly payments to each of them (it helps to have this information handy). Then using that information draw up a budget that allows you to pay them each and also put some on the side for savings and incidentals. Pay your creditors on time, every time. I cannot stress that enough!!! Do not deviate from your budget and whatever you do, don't open any more new accounts. When possible, get a second job, if need be. If you find that your bills are more than you can handle, you may benefit from a credit counseling agency, like I did. Stick with it and when it gets hard, remember that you're working for your financial freedom.
I highly recommend Cambridge Credit Counseling, they have wonderful tools to help you create a budget and manage your credit, as well as reading materials to educate you about becoming credit saavy.
Good luck! |
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foxinsox
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get a current copy of your credit report.
if you have any cards that are still open or loans that are still open make sure you pay them like a shot! if every thing is paid down..charge something small...like a tank of gas...and pay it immediately.
its not just about having everything paid off..its about showing that you can borrow and repay responsibly. |
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xrey
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The best thing to do is to get rid of all your debt(s). Save money and invest in your future(Roth IRA, 401k at work, money market account). Don't fall for the "credit trap", that you have to have a credit card and loans and should pay in time to get some bogus number called a Score. Or else they won't lend you money so you stay on that credit trap and on and on and on. |
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mb
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To establish a good score you need to have all the Accounts showing a positive remark.Do not delay in payments. Do not go for credit cards. Normally a delinquent A/c (if not paid remains on the report for 7 years). but since you have paid them you can start using these cards for normal purchasing and within 2 years time they will become a positive A/c on your file. After a bad history on a credit report it normally takes above 1 year to establish a good report.
Another way out is by talking to the concrnd banker,coz at times they pull out bad account when amount is paid in full.
Keep a track of your credit report to make sure that you are paying on time. |
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Mert
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Always pay your bills on time, paying late affects your credit and keep your charge cards to a minimum. A lot of credit cards in your name sends out bad vibes if you apply for a loan on a major item....house, car, furniture, etc. |
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troyken2003
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pay off old debts if possible;if not pay on them consistently and don"t make any new bills |
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TYSONBULLY
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Pay your bills on time and wait... eventually it will get better. |
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softhandj
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1) DRAW UP A MONTHLY BUDGET - INCLUDING UR LOAN REPAYMENTS,
THEN STICK TO IT.
ALSO
2) CUT UP YOUR CREDIT CARDS & Pay everything with cash.
This will reduce impulse buying.
3) IF YOU STILL CANT PAY EVERYTHING OFF - AT LEASE PAY THE MINIMUM which will keep u off the dangerous "in-debt forever" species of homosapiens |
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ohm'slaw
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look up clarkehoward.com..consumer advocate,radio show for about 20 years.lots of good info free |
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wanda t
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Work with your creditors to maybe lower your payment to make it easier to pay more creditors and pay on time. If you can work on paying one out by paying the minumum on the others do that. Time frame is the key. |
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angiemcwilliams
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1. Pay all your bills on time from now on.
2. Obtain a secured or low balance credit card. Make one purchase on it for a few hundred bucks and pay the minimum payment each month--or better yet, use it once or twice a month in smaller amounts and pay it off each month.
Your credit score is higher if you are actively making payments on a "credit" situation. (ie not housepayments, etc, but regular credit.)
Good luck! |
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wsm0628
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Having bad credit can jeopardize from you getting a personal,car or a home loan.
All these answers are good however,I do agree with the Princess.She has wonderful steps to help improve your credit.
MAke sure you are current with your debts,including your regular bills that you pay ( such as cable,light,heat,phone) as they do affect your credit if you are delinquent.
When you are out of credit,my advice to you..Don't go back to the habits you was in before.Set up plans on how much you will be paying the companies each single month.I personally wouldn't use credit cards as the interest rate could kill you if you do not pay on time,use your credit in a more wise investment such as a house loan.Mortgage companies love people who have good credit. |
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romatechx
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spend wisely and pay promptely.
that's about it. |
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davega7
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This may sound dumb but go to Oprah.com. She's had a series now for about a month on the "Debt Diet". They're following 3 different families who are working with 3 different financial experts. Yesterdays show in particular had a guy named David Bach who tells how to play the "credit card game". He gave some very interesting tips on how to lower your interest rate, what to say when talking to creditors and also how to decide which cards to pay down first in order to get your debt down the fastest way. One of the things he says is NOT to close your credit card accounts, at least not at first because then you have no leverage to get your interest rate down or yearly charge waived. Oprah's show has had 3 or 4 installments on this subject and they'll continue to follow the families. I normally don't watch her but that series has caught my attention. The Eggleston family is the one that is currently working on their credit cards but the other 2 experts and families have some very helpful tips also. Hope it helps! |
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NunZ7777
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Pay all your credit cards off one at a time and throw them away as you pay them off. |
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Richard H
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get a secured loan - an example would be a PREPAID credit card - and make sure you pay it in full each month. Where to get a prepaid card? You bank where you have your checking and savings accounts would be a good place to start. You would have to talk to an employee there about putting a deposit down on the card for an initial credit limit (usually $500). |
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writerbynature
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Make it a point to pay all bills ON TIME. That is the major cause of low FICO scores.
Also, put away all but one or two of your credit cards. DO NOT destroy or cancel the other accounts - that would reduce your available credit. Just don't charge up to the max.
You've made a remarkable achievement by correcting the problems and getting those bad reports removed.
The most important thing someone who lends you money wants to know is will you pay it on time and will you pay back what you owe.
One thing I do that works well for me is to decide if I want something badly enough to save the money ahead of time. I then buy the item on the credit card and pay it IN FULL the next month.
Finance charges can cost you a lot over time. Try to pay in full.
Suze Orman has an easy-to-understand approach to repairing your credit. |
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I love my man
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capital one offers these type of credit card to help rebuild your credit. You might have a small monthly fee like 6.00, but it works |
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Love Peace
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LIKE I GOT POINTS BY ANSWERING YOUR QUESTIONS> |
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privatemails4me
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Make your Insurance paid up ;) |
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D
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pay your bills : )
(sometimes easier said than done : ) |
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isabow27
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Continue to pay on time.
In the meantime, if you can contest the debt, then put in a letter with proof to all 3 credit reporting agencies (they report different things about you and your credit). If you're proven right, the agencies are legally bound to remove any blemishes.
But remember...don't make it worse by not paying on time. |
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