Credit Repair?
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I've know people who have had the worst credit possible.
A couple of easy steps to get your number where you want it.
1. Find out what you owe in all bad credit debts, and start paying payments on them. --After 1 year of paying on them, the default status gets lifted.
2. Prepaid Credit Card--Once you can handle one of these for a while, in conjunction with step 1, you will be where you want to be.
Good Luck to everything cleaning up for you, don't be discouraged
A couple of easy steps to get your number where you want it.
1. Find out what you owe in all bad credit debts, and start paying payments on them. --After 1 year of paying on them, the default status gets lifted.
2. Prepaid Credit Card--Once you can handle one of these for a while, in conjunction with step 1, you will be where you want to be.
Good Luck to everything cleaning up for you, don't be discouraged
contact the creditors and work out a lesser settlement with them. Most are willing to take up to 60% or so off the original balance if you work and deal with them. Once you start paying these off, be sure to keep the paperwork and receipts. Contact a credit repair company. Be careful though, because a shitload of these companies will overcharge you and not do shit. Many of these just take your info and dispute the late payments and what not as well as other bills or collections on your credit report, many of these creditors take the short route and just report your accounts to the bureaus without following the proper protocol to collect the debt. This alone makes it easier to remove a majority of the collections from your credit report. Research the companies and go with the cheapest one. The ones that charge monthly and not the ones that charge everything up front.
I'm going to let you in on something for free, it's called a credit boost. Call up Grandma or your mother as long as it's someone that has major store credit cards. Have her add you to her Macy's or Sears card as a user (but assure her that you won't use it). As long as she has had long-standing credit in good terms in 90 days your credit will be boosted to a better rating. Tell a friend.
go to macy's get a macy's credit card, buy a t-shirt and then pay for it with your card, come back the next day and at ANy register in the store, say you want to make a payment on your card, pay them cash, your credit rating will go up if you do this , no matter how much you buy, just but some socks once a month or sum shit.
That is absolutly false.
Carrying balance less than 50 % of a credit line and making steady payments improves your score. Opening the macies card is just going to put an inquiry there and then closing it wont do shit.
Key to good credit***
Long standing open accounts with small balances. Few accounts with little limits. Try to maintain 3 accounts with credit lines between 1 and 3 thousand. Carry a small balance and even transfer between them. Your score can improve alot more.
As far as having bad credit, pay em for 6 months on time usually the defaults go away and its only heading upward from there.
And ..... Dont fuck up again.
I worked for CitiCards so my imput is pretty decent.