What is the faster way to repair credit?
I know I need to pay everyone thanks... I meant there are things on there that are wrong even down to saying I lived in a state I nevr ever lived in
Public Comments
- Pay evey body what you owe money to--everyone--pay off
- Nothing fast about it you keep paying everything on time and in time the score will increase. Make sure all three agencies are reporting correctly and keep you nose to the grindstone, it will come about over time.
- I do have a website for you to checkout: www.clarkhoward.com. He does a consumer hotline on the radio and knows everything. Check out his site.
- PAY WHAT YOU OWE
- go to annualcreditreport. get your free report. dispute ONLINE with all 3agencies. sending letters will take 2-3 months....while doing it online can be less than 2months.
- To Repair credit score Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.bestcreditrates.net
* Some answers may have been provided by Yahoo! Answers.