HOW TO RAISE YOUR CREDIT SCORE

Glad to hear that you got some good help here fireyone, I am always glad to read and reply to your posts. :D :D :D

Ive heard it take 3 times the amount of time being "good" credit wise to build back any spell of bad credit, is this true? If so this may help work out the time to build favors score?

Hello everyone new to this forum. who can I call or talk to to help me raise my credit score without causing me to much money?

Hello Drona and welcome. Their are actually agencies out there that will help you work on getting your credit score raised but most cost money. Depending on how much leg work you are willing to do yourself you can help improve your score. First of all pull up; a copy of a free credit report , you are entiltled to a free one from each of the three reporting agencies once a year. Follow Alaskas advise and check it over carefully. You can see what in fact is keeping your score down. If there is anything there that doesn't belong or is past SOL (statute of limitations) you can request that it be removed. From there on you could try to work on each account that is in collection one at a time. Sometimes they will settle for a lot less than what is shown.
If your problem is no credit at all well then you need to start establishing some. Bank loans, credit cards and auto loans all help but isn't an overnight fix. It takes a good time period to build a good report, which means monthly payments paid on time for a period of time. Any other questions please feel free to ask.

wow, fireyone, what a nice summary, you have come so far on here, you are a definitely one to watch grow here. One thing that I would like to add is to make sure you don't apply for too many cards at once because these will counteract what you are trying to do. thats all folks, .....................

I can see that where people can learn and spread their wealth of information the longer they are on any forum the more educated they become. You have put a nice spin on your explaination fireyone.

I would like to add one more thing if I may, watching your score is very important through this process, ordering your score or being on a credit watch program would be something that you might think about doing during this time.

I do agree with barto about not applying for many cards at one time and becareful once you get your credit established not to fall for the instore offers or holiday times offers to get you to complete an application. These hard inquiries will kill your score.

Just get one or two cards, charge a little on them and pay them off once a month to build a good credit line and score.

Hey Hey guys,

Sorry I haven't been around to help too much.

Drona,

In response to your post:

"Hello everyone new to this forum. who can I call or talk to to help me raise my credit score without causing me to much money?"

I have been in the business of saving people interest on debts. Although I have been charging people, I charge on what I save them. If I can save someone 20K in interest on debt compared to the current way they are doing it, I may charge less then 1% of their interest savings. I'm not here to advertise, but it all depends on your strategy on getting out. If you are current, you may want to just let time do its thing and pay it down. If you are a bit behind or figure time is of the essence, you may want to do some research with other companies that can pay off your debts for a fee. The price is always up to you.

There are many different ways to get out of debt, some more effective in interest, some more effective in time, some more effective in stress. I just try to help with a way to do all three. Please look over a post I put up about a month ago. That is a free way to start getting your score in the right direction.

Any approach you take, I wish you well. Welcome to the forums and always know that you are not alone.

anything over couple years:)

alaska,
Glad to have you back, hope you stick around now. :D :D :D
what approach do you suggest that one take to clean up their credit, I have personally been trying to get rid of some old debt and have paid off 4 or the 5 accounts that I have in negative standing. Even though they say paid in full, they are still in the negative status, I suppose now that it is all said and done there is no way to have these deleted is there? Hope you have an answer for me. I have about three years till they dissappear. anyway to get it off my report sooner since they are paid up?

I will be watching for your answer also, I have too been working on cleaning up some credit issues.

I have just about everything paid off, I just want to be able to get them off my credit report. hope I can find a way here to do it.

I think it is awesome that you have all them paid off, I am not sure that you will be able to get them off your report after the fact, they usually don't cooperate after they get their money. You can still write them and try, it is worth a shot.

I agree erb..once paid they are almost like having a negstive on your report because they linger soo long. A paid account of course is always better but the fact that they show up covered with a big old bandage really doesn't help much.
That makes me wonder...say you have an account ready to Drop off your report does it stay on their for even longer if you pay it? If so do you just let it drop off so it doesn't put a bad mark on your crdit showing for even more years to come? You would think it would stay on showing paid and all the nasty stuff that came along with it like delinquent for years.

I wrote an article a few months back on you credit score...I hope it helps a little:

The following are some tips to assist you in raising your credit score:






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Actually, BK isn't the single worst thing that can happen. I have seen borrowers who obtained a 720 within two years of filing for BK. The single worst thing is a 'foreclosure'. BK covers all the negative items on your credit report, and it shows up as 'unrated' for the creedit score. Foreclosure doesn't have this option....and the guidelines for obtaining a mortgage is worse for a FC than a BK.