I want to fix my credit. I don’t know where to start can you help?

Deal Score0

  1. Reply
    November 10, 2011 at 4:21 pm

    Start today by paying all of your bills on time. Don’t be late on anything. Keep receipts and good records and monitor your credit report.

  2. Reply
    November 10, 2011 at 4:28 pm

    This is totally do-able..don’t pay someone to do what you can do yourself.

    1 – If you haven’t already get current copies of your credit reports from the 3 major bureaus (Equifax, Experian and Transunion)

    2 – Take a photocopy of each and put the originals in a binder

    3 – Get a highlighter and highlight any account that is negative (collections, written off, older than 7 yrs, etc…)

    4 – Any inactive account that is older than 7 yrs should not be deleted from your report. Download a dispute letter from the credit bureaus website(s) and fill in the details

    5 – For collection/overdue items, if they are greater than 7 yrs dispute them as well

    6- If there are still valid debts, you need to contact the creditor and negotiate a ‘pay for delete’ in addition to a payment plan if you cannot pay in full. If they start hounding you send them a ‘cease and dessist’ letter stating they may only contact you in writing.

    7 – Do not apply for any credit while you are doing this or for the next year (ideally 2)

    8 – If you currently have any credit card or loan balances, pay them off or at least pay them down to bring them current

    9 – If you need a credit card, get a secured card from Capital One for $ 500 (or more if you can)….use it sparingly for like only $ 25-50 and pay in full and on time every other month or so to establish good re-payment history.

    A little patience and 2-3 months, you’ll be on your way.

  3. Reply
    Brian G
    November 10, 2011 at 5:00 pm

    Go to annualcreditreport.com and see how bad it really is. Get all three reports and print them out. Spend some time figuring out what they mean and if there is anything wrong on the report. You will not need your Fair Isaac Score (FICO).

    After that dispute any negative items that are over 4 years old.

    Keep your credit cards that you have had a long time. History counts!!!

    Last thing, keep your credit card balances below the 50% of the limit or else it is counted as negative!!!

  4. Reply
    November 10, 2011 at 5:01 pm

    http://www.annualcreditreport.com. Print all three credit reports. Call all the people you owe and set up payment plans with them

  5. Reply
    November 10, 2011 at 5:40 pm

    Yes, it’s totally true you can do this yourself!!

    I have had a few friends that have done it themselves, they were committed to getting themselves cleaned up!


    However, there are companies out there that can help you, if you need to have your hand held and remind you of what you have to do and even send out the letters for you!

    You can change the oil in your car yourself or you can go to the Kwik Lube and have them do it…It’s totally your Choice!!

    I have used one, listed below, that was totally reasonable and I got Results!

    Be Responsible and take the action that is best for you!

  6. Reply
    November 10, 2011 at 6:38 pm

    I would recommend 2 things: 1) a very low cost (possibly free) credit repair program to try to have the negative items removed. 2) I would add a tradeline program to boost your score quickly (60 days or quite possibly less). A friend in California used this and got a 120 point bump from 560 to 680. My friend in California went through http://www.totaldebtsolutionsllc.com and called their toll free# or filled out the free evaluation form to get the ball rolling. Good luck.

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