~ Dispute errors and
build your personal credit
report.
The number one best and easiest way of correcting credit
errors.
~ Know your
credit score, FICO, Beacon, Emperica or Vantage.
Know how
these scores relate help me get credit cards, homes and cars.
~ Reduce your
credit utilization ratio
Your debt to credit limit ratio can drop or raise your credit score
up tp 100 points.
~ Get a good Job and know your debt to income ratio
Keep
this ratio less than 40% at all times. If you have debts more than
45% you will be turned down no matter how good your credit is.
~ Pay off old bills and collections
It is not enough to just pay off old bills like collections and
phone. Build credit by paying
off and negotiating removal of old bad credit bills.
~ Build
good credit after
personal bankruptcy
Make
sure all accounts included in your bankruptcy show zero balance and
included in bankruptcy on your credit report.
~ Remove
personal public records from your 3 in 1 report
Liens,
judgments, bankruptcy collections, bad checks and taxes all show up
in the public records sections of your personal credit report.
~ Work
to remove judgments and collections.
Remember some
records can only be removed by the passage of time. So do not be
fooled by credit repair companies that say they can remove public
records.
~ What to do about
divorce.
What your ex husband or wife decides
to do after divorce can hurt you no matter what the court decides.
If you have a cosigner, then you can have bad credit.
~ How long does bad credit stay on my
report.
How long does it
take to build good credit from bad credit.
~ The three
major credit reporting bureaus are Transunion,
Equifax and
Experian.
~ Check your
personal 3
in 1 credit report
at all the bureaus ( Transunion, Equifax, Experian ) at least once a
year, or once a month if you are trying to fix, improve or raise
your score.
~ Look for old,
unfamiliar, duplicate, merged, inaccurate or out dated and
fraudulent accounts.
Dispute these and hope for the
best.
~ Dispute
4 accounts or less at a time as the bureaus may
claim the disputes are frivolous. Many credit repair
companies just dispute everything.
If the
creditors information is inaccurate but they still
verify my dispute then, dispute with the creditor in
writing and keep detailed notes of what you do and
who you talk to.
Open or reopen
a good credit card, gas card, student card or loan that reports to a
major credit bureau and keep current for at least 1 year to improve
your credit score. This is the number one best way to build good
credit.
Pay any and
all loan balances down to less than 79% against high credit limits.
Over 80% on balances is the number 2 killer of good credit scores.
Overlap past
or "2 yr old" bad credit with present "within 2yrs" good credit. Use
credit cards or loans too keep your credit history alive and
new. If credit cards turn you down, then mail in $200 dollars
with your application and ask to open a new account or re-open an
old bad account to establish new good credit.
Wait 7-10
years and resolve to pay all bills on time for the rest of my life.
Not all bad credit can be removed legally.
Get a good job
or 2 good jobs to pay your bills. Job stability and budgeting are
the pinnacles of a person with good credit. If you job hop and move house to house like a
nomad then, you probably have bad credit.
Creditors are
calling, my score is falling I can't pay all my bills! Get instant
advice
here. The quote is free so hurry get started.
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