Bad Credit Agency

whats the fastest and easiest way to repair my bad credit?

Public Comments

1. Get easy to get credit cards, like gas cards or department stores - not too many. Use them a little, and make payments on time. NEVER make a late payment. As your credit improves, borrow more. Your bank will give you a "secured loan." This means you keep as much money in your savings account as you borrow. If you can manage that, pay it back faithfully on time. After a year or two, ask your bank for a car loan. NEVER make a late payment. By now you should be doing much better.
2. You can't. All the credit repair services are scams. The only way to repair it is to keep your bills paid timely. It took me 8 years to repair mine, and now it's in the respectable 700 plus area.
3. Do not ever make a late payment or a missed payment on a card again. If possible, try not to charge anymore stuff on your cards. Just keep making monthly payments. If any of your accounts have gone deliquent, contact the company, and come to an agreement to pay them back. Unfortunately, repairing your credit takes time. If creditors see an improvement over a long stretch of time they will see your improvement. Your credit score will go up.
4. There is no fast way to repair your credit. On-time payments and a low debt to credit ratio are the two biggest factors. If you have a poor score it will take at least 18 months of on-time payments before you will see a significant rise. I would encourage you to pay off all your credit cards and debt as quickly as possible, and then never use credit cards again. Use your own money to purchase items.
5. A credit card is a great financial tool. It can be more convenient to use and carry than cash, and it offers valuable consumer protections under federal law. At the same time, it's a big responsibility. If you don't use it carefully, you may owe more than you can repay, damage your credit rating and create credit problems for yourself that can be difficult to fix. A good credit rating is a crucial part of achieving financial independence. By improving your credit rating you can save thousands of dollars in interest charges on your auto and home loan. You can also get approved for new, low interest loans and credit cards. To repair your credit, therefore, pay down as much of your debt as possible. The lower your ratio of current debt to available credit limits the better you look to a lender, and the higher your credit score will be. The flip side of this is to call existing credit card accounts you may have and ask them to increase your limit, though you won't actually use it. You should do this as often as possible, even if you don't need the credit. This will also increase your credit score. DO NOT, HOWEVER, open additional credit card accounts to increase this ratio, since that may hurt your credit unless you have under 4 open credit cards. But increased credit limits on existing accounts will help since you will be lower your overall debt ratio. You don't need to carry a balance on a credit card to have a good credit score. Paying your bill off in full is the best way to keep your finances in shape and build your credit at the same time. In summary, pay your bills on time. Delinquent payments can have a major negative impact on your score and the longer you pay your bills on time, the better your score. Keep balances low on credit cards. High outstanding debt can affect your score. Maxing out your credit cards could lower your average score by as much as 70 points. Don't open a number of new credit cards that you don't need. New accounts will lower your average account age, which could actually lower your score by up to 10 points. Have credit cards - but manage them responsibly. In general, having credit cards and installment loans (and making timely payments) will raise your score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly. In conclusion, if the above advice is carefully followed, I am confident that your credit score would improve considerably in as little as 1 year - and credit card companies, for example, would then be bombarding you with many "pre-approval" or "pre-selected" letters. At such times, ignore and move on to continue to improve your credit history and score with the already opened credit accounts, taking into consideration all the above-mentioned vital points or steps. Good luck! Credit Professional
6. to repair, a small loan consolidation with low interest is the best I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/loan-consolidation.html