Fix Credit Report – Repair Boost Score Ratings

LadyCatherine asked:


Most of the mortgage companys I have tryed will not give me a mortgage because I have a credit score under 400. They say they will not help anyone with out having a credit score over 500.

I have a fourclouser on my credit and a really old credit card bill that I refuse to pay. Other then that every thing else on my credit report has been paid. Some late some on time.

I have tryed every mortgage company on line and the bank in my town.

I DO NOT want to get a credit card to ‘fix’ my credit history. I have had those and I do not do well with them. Or a store card either. Or a gas card.

I think things will stay on my credit report for up to ten years but I would like to know if there is a mortgage out there that will give me a mortgage now. Yes I have thought about rent.
Adam.. What is a a self certify, tracker based mortgage ?
ok OPEN:
Why jump all over me. I was just asking for help. I DO NOT THINK I KNOW IT ALL.

YES I have had a credit card and I have come to learn that I do NOT need one. I have a debit card Visa card and that is ALL i need.

How can I fix my credit with out findone someone to help me out. Things happen, I am NOT the only one that has gotten in this postion.
I want to respond to why I refuse to pay off the credit card that is on my credit report. I had a credit limit of 300$ It got up that high and I decided that I did not need it any more so I canceled it.

Come to find out a few months of ‘paying’ on it to pay it off the credit card co. was still charging ‘finance fees’ to it. after talking to them they informed me they could not completly cancel it untill it was at 0.

I told them the reason I canceled it was cause I could not affored it. To add charges to it would not help me pay it off.

I have spoke to other credit card co and have been told they can stop charging to it it they want.

The credit card bill has gone from 350$ to over 15 hundred dollars.

Pride or not I find this unprofessional and rude and that is why I refuse to pay it.

If they would agree I would pay the original 350$ if they would take off the rest of the ‘Charges’

David

Darin Sewell asked:




Life in todays world with out a credit card can be challenging. Without a simple piece of plastic you cannot rent a car, hotel room or safely shop online. For most people getting a charge card is very easy, but for borrowers with low FICO scores or a troubled financial past getting a card can be difficult. For these borrowers the only option is a secured credit card.

What Is a Secured Credit Card

A secured credit account is backed by the consumers own money that is held in an account, the normal amount for a new card is $300-$500 dollars. What this does is gives the lender a source of funds that will cover any charges on the card that the consumer does not pay. Because the card is backed up by funds the approval is almost guaranteed.

How Will A Secured Credit Account Help Me Boost My Score

These types of cards report to the agencies just the same as a standard account does. The best part is your credit report does not list the account on your report as a any differently, so no one will know the difference. It will basically give you the same FICO score boosting power as a normal card.

How Much Will a Secured Credit Card Boost My Credit Score

How much the secured card will boost your credit score varies from person to person. The main concern you should have is paying it on time, never pay late and not carrying a balance on the card of more then 45% of the limit. Maxing out your account will actually reduce your score as it makes you look like a risky borrower.

After a period of time the bank may offer to change your card to a normal account. At this point you can apply for one or two more new accounts to boost your score a little more. Just remember to use restraint and common sense and your FICO score should increase nicely.

Carol

ehowfinance asked:

Timely rental payments used to have no effect on credit scores, but getting a letter from the rental management stating a prompt payment history could boost credit scores if sent to the credit reporting bureaus. Add timely rental payments to the notes of your credit report with instructions from acertified financial consultant in this free video on credit scores. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz

Gail

danielmcgonagle asked:


This question is about erasing debt and not paying a dime.
I asked this question earlier but everyone seems to think I’m asking how to remove negative remarks on my report.

I am not asking that.

I am asking if these people that say you can erase debt,especially credit cards,lergally just by writing letters to the credit card companies

What I got a call on was someone telling me I could write letters to the credit card company and somehow get out of it. This company has an online presence, I found them on the Web,and it so tempting, yet so scammy. I wanted to recommend it to someone because it landed at my feet, and am doing the homework for them. These people are saying they have teleseminars, training calls, a reource site, and representatives to answer your questions, and all the form letters to mail out repeatedly. I remember the guy saying something to me like, you can remove all CC debt because of some sort of signature loophole or something

Lois

Alan Willis asked:




There can sometimes be quite a lot of uncertainty concerning the matter of how to boost your credit score. The positive thing is that it doesn’t need to be the way of things. In this piece I will promptly outline some of the most important areas that you really ought to take care with.

Stopping any new requests to new credit card companies is a very key subject to try to remember. This type of new applications will cause a fair amount of unnecessary inquiries on your credit report. That is going to hurt your credit score. This is why attempting to avoid the making of any new requests to new credit card companies without delay is extremely important.

Not closing any good accounts you might have is a particularly major topic to try to keep in mind. Lots of people will decide to eliminate this type of extraneous credit card account. Leaving them open is a considerably better tactic. This is going to forge a more stable history and help your total credit score as well.

Scrutinizing your current credit report for any mistakes is a tremendously key area to make an effort to think of. Sourcing your up to date credit report is plainly the first part of this process. The next step to take is to write and challenge inaccuracies you have uncovered. The rectification of mistakes is going to certainly raise your overall score.

As I mentioned in the opening paragraph of this article, this is a quick synopsis of a few of the most vital aspects regarding the question of how to boost your credit score. There are really just a small number of other entirely crucial factors that you really must be aware of.

Laurie

chargerchick asked:


I have 7 negatives on my credit report. I just checked it today and according to my report 6 items will be removed between May- December 2010. I am very excited about this because now I can finally fix my credit!!

These are all very old accounts that became delinquent about 7 years ago. They were picked up by collection agencies and I was thinking about settling them. Now that I know they will be coming off my report should I still pay them? … I really don’t want to, but I just hope they DO come off my report. I heard that some times collection agencies try to sell off the account to another collection agency. If this were to happen isn’t it a violation and what will I do if another agency takes over the debt?

Angela

Ivan asked:


I have some collections on my credit reports, no i got a judjment listed… i dont have monej to pay it, also i dont have money to get a credit repair company to remove the information from the credit reports… need to do it on my own. so where do i start?

Yolanda

summer v asked:


last year i applied for 2 credit cards and valero gas card and got denied so i finally got online and ran my credit report i found out my mom had applied for almost 5 cards and had maxed them out and never paid them off shes put me in almost $3,000 in debt so i have bad credit now the thing is ive tried to dispute them and some of them still wont come off i would file a police report but dont want to put my mother in jail is there anything i can do besides aying them off to fix my credit? like i said this is close to 3,000 dollars please help

Benjamin

albert1nangkil asked:

howdoigetcredit.com – repair bad credit and boost credit score. howdoigetcredit.com – how do i get credit

Katie

Mike Singh asked:




Sometimes you may be doing everything in your power to ensure good credit score ratings for a dependable loan with low interest, but still your FICO numbers do not add up. Inquiries on your credit report are one of the many reasons why people’s credit score ratings have remained impossibly low while actually paying their dues on time and maintaining their finances in proper order.

Depending on many factors such as age and educational attainment and other items listed in your report history, a bulk of inquiries on your credit report can pull down your credit score by a wide and uncertain range of scores. So you ask how to remove inquiries from your credit report? Here’s how.

Soft Inquiry vs Hard Inquiry
The first step once you have received a copy of your credit report is to identify which among the credit inquiries you should have removed. Inquiries come from all types of people and have many purposes. When you ask for a copy of your credit report, this already actually constitutes an inquiry. The important thing to remember on how to remove inquiries from credit report, therefore, is to recognize the distinction between soft inquiries which do not damage your credit score rating, and hard inquiries which do.

Examples of hard inquiries include those from debt collection agencies and credit granters who wish to review your credit history. Make sure that your approval is always attached to those requesting hard inquiries as they lower your credit score. It is also important to ask for the addresses of the creditors from the credit bureau because these addresses will be used for you to follow up on removal requests.

Ask for Documentation
Not all hard inquiries have your permission in fact, so be sure to ask for documentation. If you are presented with a paper with your signature and which you did not understand to have included rights to make inquiries on your credit report, write to the creditors and ask them to remove their inquiries from your report, especially if you had no plans of applying for new credit in the first place and the creditors were not authorized by you. This is because FICO logic works by assuming that too many hard inquiries on your credit report are your personal and deliberate attempts to try to get more credit cards. Creditors naturally do not want people who claim more credit than they can manage, and hence multiple hard inquiries which are often done by creditors you did not solicit are damaging to your credit ratings.

Legal Action
If a creditor fails to comply with your request, especially after 30 days, and is not able to provide proof of your authorization, you may proceed to use legal measures to get those credit-score damaging inquiries out of the way. When dealing with how to remove inquiries from your credit report, a lawsuit against creditors who do not comply with your request can in fact land as much as a thousand dollars for their actions, and aside from your new-found money, they will be forced to remove their inquiries. Of course, in most cases the creditors will simply remove the inquiries, and you are left with a better credit report.

Arlene