How can fix my credit?

Pay your bills on time! You will always need to do this, so get in the habit of controlling your spending and being timely with your payments. Repairing your credit is impossible once the damage is done. Bad credit will stay with you for up to 10 years.

The first step is to repair credit history inaccuracies. Check the name, address, social security number, previous addresses, open accounts, closed accounts, etc. If you find any information that is incorrect, report that immediately.

Read at http://www.theaones.com/answers/business-and-finance/how-to-fix-credit.htm for a full explanation about how to repair your credit

Pay all your bills on time, keep a good cushion of available credit (don't have a balance that is more than 30% of your credit limit). If you have open credit cards, don't close them. Having an account open for longer periods of time will help your credit to an extent. It takes time but just keep working at it.

read more on debt/credit, credit score and money matters on this site

I wish there were such a thing in Australia - here you just have to wait 7 years and your record is cleared

Today is your lucky day

1) Stay far away from any company that wants you to pay them to remove items on report

2) Get your Equifax, Experian ,Transunion, Innovis credit reports

3) Check dates of any bad credit item and see if it's been 7 years since 1st reported. If it was reported longer then 7 years, dispute items because they are to be removed after that amount of time. Don't dispute any items that show paid on time or paid and closed. They can stay on forever and help your score because it will show that you have had credit for a long time.

4) Any bad items on report that is not 7 years old, dispute them. Doesn't matter if they are right or wrong. Just dispute them. Dispute on grounds that they are not yours and should be deleted. Don't worry about the big lie. The creditors often mistakenly delete the trade line either by mistake or someone at the creditors office screwed up.

5) After you get your results returned you may or may not notice that they did indeed delete some of them. The items that were "verified" you will need to contact the creditors to reach an agreement as how to settle each account.

6) If any of the items are still open because of non payment you will need to pay or settle on them. Contact creditor and offer 30% on the dollar to pay it off in full. Most won't accept this offer but will eventually accept somewhere near 50%.

7) Tell creditors that your aunt Rosy from San Jose (a lie of course) is willing to lend you money to help pay off bad credit. Tell them she only gave you enough to pay off 50% of bad credit.

8) Play nice with creditors. Say a little as humanly possible. Don't answer any questions other then how much you or them are willing to settle for.

9) After they agree to settle for 30% - 60% of amount owed tell them you need a letter from them on COMPANY LETTER HEAD paper and signed that they will settle.

10) Make sure you have the money to settle with each creditor because they will expect to be paid within 30 days after you receive settlement agreement letter. If you do not pay they will never offer a deal again.

11) After they agree to send a letter of agreement ask them nice if they would be willing to not include the word settled on trade line. After you settle with them (pay) call them and ask them nice if they will delete item. Do note: banks and law firms most likely won't delete where-as collection companies will more often then not.

12) After they are all paid (settled) get your report(s) again and dispute the settled items once again.

13) Once you have all bad debt is taken care of your score will rise quite a bit. Although do not try to get credit at this time. You will more likely then not be declined and in turn, lower your FICO.

13) Get yourself two secured credit cards. Can be $200, $300 or whatever you can afford. Shop for the best deal BEFORE applying for a secured credit card. Applying for credit will ALWAYS lower your FICO score.

14) Pay these cards off in full every month and pay before the grace period expires (no interest saves you money)

15) After 6 months to a year the credit cards will become unsecured and they will send you your money back. After a year or 2 they will either automatically give you credit increases or you will request one and get one. The more you use the cards AND pay them off in full the bigger increases you will get. ALWAYS keep amount used on card under 50% of credit limit.

16) NEVER buy anything on your credit card that you cannot pay off in full before grace period 20-25 days from time of purchase. If that happens I have wasted my time preaching to you. Never use credit cards to get cash. For purchases only

17) It will take 2-3 years to get your score above 700. Never be late again. Keep your debt to available credit low.

18) good luck......

I found my source's main page to be extremely helpfull in that question. A few articles on the site are extremely helpfull as well

Step-by-Step Credit Repair Guide

Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in ...........

Bad Credit Repair Defining The Problem
By: Alexis Dey
This site is tailored to credit repair questions. Read this article and search this site for helpful tips to fix your credit!

I'd do a google search on repairing your credit the old fashioned way. A lot of people will tell you to use a Consumer credit counseling service, or hire a company to "fix" your credit. This is not anything I would advise as most will harm your credit even further.. not help it. Most banks, financial institutions, credit card companies/lenders, even Yahoo! has all sorts of sites set up to help you figure out how to fix your credit and maintain good credit. This is a vast topic to cover in a forum like this. Above all, not everything will work for all people. Good luck & have a nice day :-)

i think you fix your credit by paying of your debt.

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