Credit Repair in No Time… uh-huh…
·
Lena explained that paying off the debts, while nice, isn't
necessarily the only path to bringing up my credit score.
o
more emphasis on recent history:
§ keeping the balances of
your revolving accounts low
·
prefer that you have a balance below 30% of your limit
·
some kudos for getting them below 50%
§ paying your bills on
time
§ having some account
history
·
creditboards.com
o
discussion forum with more information than you could ever want
for any situation, plus a lot of experts who have "been there and done
that," who will answer your questions and give advice. I highly recommend
it!
·
go through your credit report and dispute any items that are
questionable or reported incorrectly.
o
write to the credit reporting agencies
o
ask them to remove the item or make the necessary correction
o
If they claim that the information is correct
§ write to the creditor
to ask them to report the correct information
o
Creditboards.com also suggests writing to your creditors to ask
for a "goodwill adjustment" and remove late payment notations from
your credit report
·
Getting our balances down was the single largest contributor to
our increased credit score,
o
we did manage to get both of our scores past the 600 mark
§ Every month that we
kept them that way, we gained an extra couple of points
§ will continue to do
so as long as we keep them down and pay our bills on time
·
Getting a late payment
·
opening a new account
·
maxing out a card will set us way back
·
When you've done this for about six
months, talk to a couple of mortgage brokers and see if there is something they
can do for you. Good Luck!
Here's where i got the advice... click the word here... =)
