Credit Repair

What is the best way to repair extremely bad credit?

Public Comments

1. Pay your Creditors
2. pay off your debt and time will heal your credit report.
3. pay your bills on time, and pay 90% of your revolving credit. also get secure loans with your bank.
4. A secured loan from your banking institution to establish a good credit history. Then go on line to experian.com and dispute the accounts against you. The company's reporting to the credit agencies have 30 days to respond to the dispute, if they don't respond the credit agencies take it off your credit report. Experian is the only one you can do on line. You have to write the other credit reporting agencies to dispute the accounts.
5. This may help: http://www.ehow.com/how_4757_repair-credit-history.html My advice...don't hire one of those credit repair firms, a lot of times you will just end up getting ripped off. Try it yourself first. And especially important and I was given this advice by my mortgage company when we first applied...contact all 3 bureaus...Transunion, Experian and Equifax and get your free reports (depending on your state, you can usually get one free per year from each one)....Dispute EVERYTHING on them (the bad stuff)...you would be surprised how quickly a debt, and one that you are aware of, can drop off your credit merely because they don't follow up on a dispute when presented to them by the particular bureau. Good luck and happy credit repairing!
6. Get a copy of your credit report from the 3 credit bureaus. Its free. Start trying to pay off whatever is on the report. Pay what you can to the companies you owe. Don't let them pressure you into an amount...they will take what you can pay them when you are able to. After your charges are paid off time will improve your score. You may also find stuff on your report that isn't even really yours. You can challenge this. This is a reliable way to get your reports
7. I was told by many people that the way to get better credit is to get two prepaid credit card and pay for your bills with it. Within six months or so you should be good!!
8. You may want to speak with one of those services that consolidate your bills until you are back on track. Also, make paying the bills your first priority & reevaluate what you spend. Do away with unneeded luxaries (such as cable, an extra phone line etc...) until you can afford them.
9. pay your bills,get a small credit account and make payments,keep them current,get a copy of all three credit bureau reports and dispute all negative info,7 years later if everything is current and you have paid as agreed then you should be in good shape