3 Thoughts on I am trying to fix my credit report and get a better score any advise?
  1. Reply
    dj
    November 1, 2011 at 11:56 pm

    Pay the bills you owe is the best place to start, after that lots of things…mainly though by not borrowing all that you can, that is have lots of availabe credit is the best way to improve it. Equifax.com…good place to start

  2. Reply
    Puerto Rican Hottie
    November 2, 2011 at 12:03 am

    DEAR DB… I AM IN THE SAME BOAT, I AM SLOWLY BUT SURELY PAYING THEM OFF, MY CREDIT CARDS, I HAVE FOUR AND AM DOWN TO OWING JUST TWO, AVOID BANKRUPTCY AT ALL IF YOU CAN… IF THEY ARE HARRASSING YOU TELL THEM TO MAKE A PAYMENT ARRANGEMENT THAT YOU CAN AFFORD AND STICK TO IT!!! IF YOU CAN ONLY AFFORD 10.00 A MONTH THEN WRITE THEM A LETTER STATING THIS AND AT LEAST YOU ARE ATTEMPTING TO PAY! IF THEY SEND YOU TO COURT SHOW THE PROOF OF THE LETTERS AND THEY CAN’T PUNISH YOU BECAUSE YOU ARE WILLING TO PAY THEM SOMETHING A MONTH, YOU ARE DOING YOUR PART. THEY WOULD RATHER RECIEVE SOMETHING AS OPPOSED TO YOU FILING FOR BANKRUPTCY WHICH WILL LOOK UGLY ON YOUR CREDIT BUT THEY WON’T GET ANYHTHING FROM YOU AT ALL! NEGOTIATE WITH THEM, TELL THEM WHAT YOU ARE WILLING TO PAY, THEN IF YOU CAN COME TO A SETTLEMENT AGGREEMENT THAT YOU CAN AFFORD MAKE SURE THEY SEND YOU A STATEMENT SAYING THAT THE FINAL AMOUNT YOU BOTH ARE SETTLING FOR IS PAYMENT IN FULL/ RELEASE AND SATISFACTION! THAT WAY THEY CAN’T COME BACK IN THE FUTURE CLAIMING FURTHER PAYMENTS FROM YOU!!!!

    i DID IT THIS WAY AND IT IS WORKING!!! GOOD LUCK AND EMAIL ME IF YOU WANT TO TALK ABOUT IT!!!

  3. Reply
    Mike
    November 2, 2011 at 12:03 am

    A common mistake when trying to raise you credit score is to close accounts. You need to make sure that you always hold on to your OLDEST credit card. Even if it doesn’t have the best rewards, interest rates etc. The longer ago a credit line was issued, the better it will reflect in your credit score. That said the lion’s share of you credit score is based on payment history like a few people have already said. The next most important thing is your credit to debt ratio – try to get to a place where no more than 1/3rd of the limit is charged on a given credit card. Also – get a Suze Ormond book out of the library. Her stuff helped me out a lot. 2 years ago my FICO score was 589 and so far I’ve gotten up to 715.

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