Improving Bad Credit Score?

I have a friend that went through a rough divorce. She (my friend) moved out and he remained in the house not making any house payments or second mortgage payments. Trying to make it on her own she also got behind on some other bills. The divorce is finally over and she has paidoff or cleared up all of her past due debts. She makes around $45k a year and has 0 bills, no house, car, nothing. The divorce sent her credit score into the 400's. What can she do to bring the score up?

you should go to http://www.cellsware.info/restorecredit . they really helped me out in figuring out how to raise my credit score.

Xraymike, sound good. This is good advice, it will take time, but it can be done. I would also suggest you/she get some books on repair credit, credit, money management, like Suze Orman, Stephen Snyder, also has a new letter and a book on Bk, he is an authority on credit and he works for Fair Isaac, he also, and he has proven tips on how to regain your life after bk or bad credit. His book is great for people with good or bad credit. Lots of great ideas etc.

Hello there!...

Here are things to improve your credit.

1. Stop using your credit cards
In a bad credit situation, one of the worst things you can do is continue accumulating debt by making credit card purchases. Put your credit cards away until you have more control of the situation.

2. Get a copy of your credit report
You can't begin repairing your credit until you know exactly what you need to work on. Obtain a copy of your credit report from each of the three major credit bureaus to find out which accounts need work and which are just fine.

3. Clean up your credit report.
If your credit report contains incorrect information, you have the right to have it removed. Your credit report will include information about disputing inaccurate information with the credit bureaus.

4. Get current on delinquent accounts
Your payment history makes up 35% of your credit score. Getting current on your delinquent accounts will have a great impact on your credit.

5. Don't put in any more credit applications
As long as your credit is in repair mode, you should avoid making any more applications for credit. It's likely that you'll get turned down for credit and the applications will only decrease your credit score.

6. Keep accounts with balances open
You might be tempted to close out credit card accounts that have become delinquent, but wait. Before you close any account make sure it won't negatively affect your credit.

7. Call your creditors
Right now they're certainly the last people you want to talk to, but you'd be surprised at the help you might receive. Talk to your creditors about your situation. Many of them have temporary hardship programs that will reduce your monthly payments until you can get back on your feet.

8. Pay off your debts
You will have to start paying off your debts to improve your credit situation. If you don't have the money on hand, sell some of your belongings to speed up the process. It will be a sacrifice, but the financial freedom you gain will be worth it.

9. Get professional help
Resources, like consumer credit counseling, are available to assist you. If you are overwhelmed by your credit situation, seek professional assistance.

10. Be patient
Your credit wasn't damaged overnight, so don't expect it to improve in that amount of time. Continue paying your debts and over time you will see an improvement in your credit.

I hope it help yah..

Good Luck!

Improving her credit score will take time, this article lists several tips on improving your credit score, http://www.monitorbankrates.com/how-to-build-maintain-and-repair-your-credit

nothing, she should have still payed the bills if she was able too....it will take a long time for her score to go up

she should never use more than 30% of her available credit
pay off more than the mininum
and just wait

it was not the divorce that did it - it was not paying the bills esp. if they were in her name

The first thing she should do is get some accounts open and reporting on her credit again. Without new reporting history, her score will be low for a very long time because the last things that happened were bad.

The best and easiest way to get new credit reporting to the bureaus is to apply online or at your local bank for a "secured" credit card. A secured credit card requires you to give them a deposit, like $500, and they issue a credit card to you with a limit equal to your deposit. Occasionally, there are annual fees associated with these cards, but paying an annual fee is worth it to rebuild credit faster.

Once she has new credit reporting, the next step is to get a copy of her report and dispute any errors. Often collection accounts remain on a report, even after they are paid. With a little work those can be removed which will help lessen the negative impact of the divorce.

Other than that, time is the only thing that will increase the score. Pay everything on time and within 2 years things should be back to normal.

You can use credit repair agency to fix it - for example this one - http://creditreport.imess.net They can clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

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