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i have bad credit but got good job now is there a way of clearing your credit history with out paying and if so how

Public Comments

  1. No way
  2. The best thing you can do is to find someone who will give you some credit and mak sure you pay them well and within the terms. You can't clear the histroy but you can start to improve it.
  3. Not really! Unless you can find someone willingto give you credit (repayments are likey to be high). Build your credit up that way. Details stay on your credit report for 6 years.
  4. No your bad credit remains on file. If you want to get a copy of your credit history it cost two pound from Equifax.
  5. If you have a bad credit history then the only way you can start to repair it is to take out a loan with a company that specialises in dealing with people in your position. Be advised that the interest rates are not going to be at all competitive but that is the price you have to pay unfortunately. Make sure all payments are made on time and if possible pay it off early. You can repair your credit history but it will take time.
  6. ive got the same problem, terrible isnt it, you can get a credit card from capital one they hardly ever turn anyone down,its high interest but use it wisely and after 6 months apply for a normal one u got to build ur rating up again
  7. If you got into credit problems because of particular circumstances, such as losing a job, or getting divorced, then you can contact the credit reference agencies and ask to put a note on your file explaining this and saying why things have now changed. Missed payments etc have less of an impact on your credit score as time goes on, so if you are scrupulous about keeping up repayments from now on, your report will improve over time.
  8. You can never clear your credit history!! its there til you die!!!! And any lender you will ever try to borrow of.. for a mortgage etc will be able to see your bad credit imeadiatly! If you can i'd try your best to pay them back. or and credit you getr in the future you will be paying sky high interest rates!!!
  9. Change your name by deed poll and move.
  10. you can order your credit file from experian.co.uk, it will cost you a few puond but well worth it. Have a look to see whats bad then go about getting it removed by contacting companies. This will help, but also if you have any credit cards or things try and keep up the payments for a period of six months as banks and agencies review customers account every 3 - 6 months.
  11. I think the only way is to have someone look at your credit history (credit repair) but that will cost. Like other people have answered you could take out some credit and keep up the payments. Try www.surefirefinance.co.uk they can supply loans/mortgages for very bad credit, they also supply a credit repair service but I don't know how much this costs or what it involves. Hope this helps?
  12. yes as you no with the saying where there is a will there is a way. If you currently have loans out you will have to pay them back. if you have a good job now with good money but that extra bit you are recieveing now back into your debts you owe. that way they will be cleared quicker. also a good way to get good credit rating is to pay all your bills as u recieve them not leave them off. it could yake u a year or so but its worth it. it will be a big weight of ur mind. goodluck....
  13. you cant clear ur cr history
  14. mine is pretty dreadfull too. I think it takes 6 years to restore it back to normal.....
  15. Time. Pay off as much as you can, try to cover your ground and if there's a problem with a creditor, try to work out an arrangement. You'll be in better shape in a few years.
  16. There is no way to "clear" the bad credit without paying. Eventually it will all drop off your report, but it will take as long as seven years.
  17. you can rebuild your credit with a secured credit card that you pay off each month. capital one do one. it will only have a crappy limit of about £200 but if you spend on it each month and pay it off each month, you will rebuild your credit rating in about 9 months to a level where someone else might offer you a decent card. however, you wont take the bad credit of your history for 6 years, just put fresh "good" history for people to see how much of a model citizen you are now.
  18. Your credit history will clear after 6 years. If any of the companies that you owe contact you within that time. It extends the time. Every company that you contact for credit will do a search and you will show as a bad risk. Some companies such as Provident will give you credit but you will pay 50% interest.
  19. Step-by-Step Credit Repair Guide http://www.debt-loan-refinance-mortgage-credit.com/category/Step-by-Step-Credit-Repair-Guide.html
  20. Many articles on how to increase your score, plus what you should avoid... http://www.freewebs.com/infosource100/credit/s2-dail.html "Clean Credit Report: Easily Raise Your Credit Score 100 Points By Vincent Dail Your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with in the last 10 years. Companies called consumer reporting agencies (cra) or credit bureaus compile and sell your credit report to businesses all over the world. Many financial advisors suggest that you periodically review your credit report for inaccuracies or omissions. This could be especially important if you're considering making a major purchase, such as buying a home. Checking in advance on the accuracy of information in your credit file could speed the credit-granting process, clean credit is a must. Because businesses use this information to evaluate your applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA), it's important that the information in your report is complete and accurate. Whenever you apply for any type of credit or financing, a credit report is pulled from at least one of the three major credit bureaus. You want a clean credit report to be pulled. While there are hundreds of smaller credit bureaus around the country, virtually every credit bureau is affiliated with either Experian, Trans Union, or Equifax. Getting Your Clean Credit Report If you've been denied credit, insurance, or employment because of information supplied by a credit reporting agency, the FCRA says the company you applied to must give you the agency`s name, address, and telephone number. If you contact the agency for a copy of your report within 60 days of receiving a denial notice, the report is free. In addition, you're entitled to one free copy of your report a year. If you simply want a copy of your report, call each credit bureau listed since more than one agency may have a file on you, some with different information. The three major national credit bureaus are: Equifax, P.O. Box 740241, Atlanta, GA 30374-0241; (800) 685-1111. Experian (formerly TRW), P.O. Box 2002, Allen, TX 75013; (888) EXPERIAN (397-3742). Trans Union, P.O. Box 1000, Chester, PA 19022; (800) 916-8800. Correcting Errors For Clean Credit. To protect all your rights under the law and to keep your credit clean contact both the CRA and the information provider. First to get clean credit reports, tell the credit reporting agency in writing what information you believe is inaccurate. Include copies (please keep your originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request deletion or correction. Always keep copies of your dispute letter. They must reinvestigate the items in question, usually within 30 days, unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the information provider. After the information provider receives notice of a dispute from the CRA, it must investigate, review all relevant information provided by the CRA, and report the results to the CRA. If the information provider finds the disputed information to be inaccurate, it must notify all nationwide CRAs so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file, then you will recieve a clean credit report, with that item removed. If your report contains erroneous information, the CRA must correct it(clean credit). If an item is incomplete, the CRA must complete it. For example, if your file showed that you were late making payments ( 30 days or more), but failed to show that you were no longer delinquent, the CRA must show that you're current. If your file shows an account that belongs only to another person, the CRA must delete it. When the reinvestigation is complete, they must give you the written results and a free copy of your clean credit report, if the dispute results in a change. If an item is changed or removed, they cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness. Also, if you request, they must send notices of clean credit report corrections to anyone who received your report in the past six months. Job applicants can have a corrected copy of their clean credit report sent to anyone who received a copy during the past two years for employment purposes. If a reinvestigation does not resolve your dispute, ask the CRA to include your statement of the dispute in your file and in future reports. Second, in addition to writing to the credit agency, tell the creditor or other information provider in writing that you dispute an item. Again, include copies (please not originals) of documents that support your position. Many providers specify an address for disputes. If the provider then reports the item to any credit reporting angency, it must include a notice of your dispute. In addition, if you are correct that is, if the disputed information is not accurate the information provider may not use it again, thus you will have a clean credit report. When negative information in your report is accurate, only the passage of time can assure its removal. Accurate negative information can generally stay on your report for 7 years. Clean Credit: There are certain exceptions: Bankruptcy information may be reported for 10 years. Information about criminal convictions may be reported without any time limitation. Credit information reported in response to an application for a job with a salary of more than $75,000 has no time limit. Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. Criminal convictions can be reported without any time limit. Credit information reported because of an application for more than $150,000 worth of credit or life insurance has no time limit. Adding clean credit accounts to your file: Your credit file may not reflect all your clean credit accounts. Although most national department stores and all-purpose bank credit card accounts will be included in your file, not all creditors supply information: Some travel, entertainment, gasoline card companies, local retailers, and credit unions are among those creditors that don't report clean credit. If you've been told you were denied clean credit because of an insufficient credit file or no credit file and you have accounts with creditors that don't appear in your credit file, ask the CRA to add this information to future reports. This will help get you on the road to a clean credit report. Although they are not required to do so, many CRAs will add verifiable accounts for a fee. You should, however, understand that if these creditors do not report to the CRA on a regular basis, these added items will not be updated in your file. "
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