Powered by Yahoo! Answers

credit repair?*

any experiences with credit repair, credit repair agencies,books, websites, etc.... i need to repair my credit

Answers:

1) I've heard you might as well file bankruptcy as opposed to going through a debt consolidation agency. It's equally as damaging. I've heard this through numerous sources. Try looking for tips on; www.clarkhoward.com Good Luck

2) If you have a bunch of tiny probs i suggest you go to freecredit report.com find out your credit score, and see if they can help with fixing it

3) You can look for repair agencies or you can avoid your bill collectors for about 7 years and your debt will be cleared by then.

4) I can help you, but only if you live in Houston, TX.

5) Pay mininums on all bills except one, then contribute as much as logically possible to that bill each month until it's gone. Then the next bill, then the next, so on and so forth, until all debts are eliminated.

6) Don't fall for those credit repair companies you see advertised promising to fix your credt within weeks or months. It will take seven years to do it no matter what.

7) order your credit report from the three companies that provide them several times and challenge everything. Companies only have a limited time to respond to your inquiry and if they don't respond in time, it comes off your credit report. do this several times, if they miss the deadline.you can get it removed from your credit report.

8) there is a good credit repair kit here they also provide other solutions for people with less than perfect credit http://www.wesayes.com

9) Pay your bills not a repair agency. Increase your income (get another job or two), pay the minimum on all except the highest interest one and give the maximum you can pay to that one. Keep doing that until you have payed it off, then go on to the next highest interest rate. As you pay them off, check your credit report for accuracy. If you close an account be sure that they post it was closed by your request not theirs and that your final balance was 0. Keep some credit but don't use it. To save money buy in bulk from Sam's or Costco, eat out less and look for ways to cut back on expenses. People who have filed bankruptcy usually have continued to have financial problems after the bankruptcy.... they haven't learned financial responsibility. Don't forget about the future, only work for companies that offer health insurance and have a retirement plan. Contribute to it to the allowable max as soon as you get back on your feet economically.

10) I would you suggest that you write Experian, Equifax, and Trans Union. Tell them that you applied for credit, and was denied. Please send you the free credit report, go through each item carefully. Anything that is incorrect, write them back and they have to remove it if it is incorrect in 30 days by law. Once you do that, pay the min on each bill, then pick one out to payoff fast. Do this one by one.

11) Never file bankruptcy, it will haunt you forever. Credit counseling places are just as bad. Pay off what you can. Get low credit credit cards and rebuild

*The answers on this page are supplied by users of the Yahoo! Answers forum or by visitors to this site. CreditOptions does not necessarily endorse or agree with the answers provided.