Fixing Bad Credit?

Deal Score0

My lowest score of the three bureaus is 590…which is basically very bad……
The main thing that drove down my score is late payments to my credit card 90 days late and one for 120 days late….
I also had a couple of things go into collections, which I payed off entirely along with my credit card(which I closed out)..I am clear of all debts(with the exception of a sallie mae loan)…

I need to repair my credit,, with in the next year if possible… Should I reopen my credit line with that same credit card I initially closed?
Also,, is there a way to get the collections off my report since they are paid in full?

B
the late payments happened alittle over two years ago…

6 Comments
  1. Reply
    Sgt Big Red
    July 21, 2011 at 12:23 am

    Sorry to say but those collection accounts will stay on your report for up to 7 1/2 years under the ruling of 15 U.S.C. ยง1681c

    Those late payments are a killer on a credit score and will stay on your history even if you close the accounts.

    Only time will raise your score.

  2. Reply
    Rajan K
    July 21, 2011 at 1:11 am

    you should NEVER close your credit accounts that WILL lower your credit score

    every time your credit is pulled it lowers the score (opening accounts)

    go to https://www.optoutprescreen.com/?rf=t
    fill it out, it will stop them from sending you credit card offers in the mail (they look at your credit and then send you the card)

    I CANT SAY THIS ENOUGH PAY YOUR BILLS ON TIME AND IN FULL!!!

    dont charge over 35% of your credit limit on your credit card

    dont spend money that you dont have but think you will have soon

    if you do these your credit will improve, but it will take time, if you do all this by next year your score should be ok-good next year

    as for getting the collections off you might be able to write them and get them to take it off
    we had some luck doing this

  3. Reply
    The right answer
    July 21, 2011 at 1:50 am

    Here is a website with step by step instructions on how to repair credit for free.
    http://www.creditscorequick.com/blogger.htm

  4. Reply
    shhbanvar
    July 21, 2011 at 1:50 am

    To Repair credit score
    Your credit score is based mostly on:

    1. Length of credit history
    2. Payment history.
    3. Ratio of credit used to available credit.
    4. Number of credit inquiries you authorized.

    If you cancel your card, you’ll be hurting your credit ratio. (#3).

    You want to deliberately keep your oldest credit card open, even if you never use it.

    You want to always pay the minimums of each loan on time every month.

    You want to keep your available credit high, but actually only have balances equalinig 25% or less.

    You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans.

    You do these things and your credit score will quickly soar into the 700s.

    ————————————————-
    http://www.loansandinsurances.com/

  5. Reply
    Angela
    July 21, 2011 at 2:47 am

    I can help you! I work for Nationwide Credit. We are also a law firm as well. We have been in business for 19 years and members of the Better Business Bureau for 7 years with NO complaints. We’re also registered with the Secretary of State and ALL of our contracts are in compliance with the attorney general. Let me know if you need any help. We have amazing success rates.
    By the way, don’t listen to these people who say bad things against companies like mine. There have certainly been credit repair companies that have scammed people. They give the good guys a bad rep. We’re not all like that. You can look into our program and we are totally supported by the BAR as well.

  6. Reply
    Jennifer
    July 21, 2011 at 3:19 am

    Hi,
    I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
    http://is.gd/7il

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