What do you need to do to repair credit?

Question

I have bad credit from a divorce and a bad spell of finances, i don't want to declare bankrupcy, I have heard bad things about credit consolidation firms ,I want to get my score back to prefect but don't know where to begin.Help!

Answer 1

You aren't going to get your score back to perfect for several years but you can certainly improve it.  Make a list of all your creditors.  Contact each of them and see what you can work out.  If the first person won't help, ask to speak to a supervisor.  Keep accurate notes.  Do what you promise.

Cut back your expenses to the bone.  A lunch you pack to the park can be more relaxing than an expensive restaurant.  Use your creativity.  Be a kid again.  Have some fun--on the cheap.

Good luck to you!

Answer 2

Your best bet is to seek help from a reputable credit counseling service.  They will help you get back on the road to good credit in time. o not consider debt consolidation scams as you wind up owing more because you are simply borrowing money to pay off loans.

A site I've used for info in the past ...

http://debt.123thebest.info/credit_card....

All the best to you.

Answer 3

There is no magic bullet.

You have to "behave" good, show financial responsibility, and build up teh credit.  It takes years.  BTW, don't believe all those scam artists who promise a quick fix./

Answer 4

Improvement can be done on credit ratings. Likewise every late payment spoil a little, each timely payments will facilitate you. If you use credit wisely, bad credit rating will start turning into the good credit. For fixing a bad credit rating first of all you have to know what is your credit rating at present it will be easily known with the help of past credit reports. When you assess your situation try to omit errors from it. It will help you in further decision making process which will improve your credit situation. Credit is a need of society.



Good credit will help you in improving your quality of life. Bad credit will increase your burden and stresses. If you are really interested in making your good credit approach you will have to talk to your financial advisors or consultants they will able you get good credit.