kateroth84 asked:


I’m looking for a legit credit repair company that you pay a minimal fee to use and they contact the companies for you. My credit report does not just have credit cards on there, they also have bills, delinquent bills misc, so it’s not just a credit card company I can write a letter too. Is there anyone who has actually used a company and has experience with this? I know this will take time, I’m not looking for a 6 month miracle.

Ian Webber asked:


Become a Credit Repair Powerhouse

Credit repair requires a bit of finesse. It is essential to approach your credit repair project from several different angles simultaneously. This multi-faceted of approach will insure the best possible outcome. Leave out a single aspect of the project and your credit repair effort is likely to languish, or even fail in spite of the most belabored struggle. Are you ready for great success? Here are the credit repair secrets of the pros. Follow along and watch the magic happen.

Rebuild Your Credit Now or Fail

It does not matter how bad your credit is when you begin your credit repair journey, you need to start rebuilding your credit today. Credit cards are the most powerful tool available. You may be thinking that it would be better to wait until your credit is better before making application for a credit card, but that is not correct. Revolving credit takes up to six months to yield solid credit score benefits, so you cannot afford to wait. And if you are concerned about getting approved just apply for secured cards. Two is the correct number of cards for optimal credit repair results. Once you have them in hand just follow these rules.

Revolving Debt Rules

Once you have two new credit cards open you need to manage them in a very special manner for the first year of your credit repair and recovery journey. Use them right away and never let the balance go all the way to zero. In addition, you need to learn about the magical relationship between your balance and your card limit. If you want your credit score to shine you should reduce your balance below 20 percent of the card’s limit. For example, if you have a credit card with a three hundred dollar limit you should keep the balance under sixty dollars.

Credit Repair Timing is Everything

For clarity, I should point out that you can do anything you want with your credit card balance if no one will be looking at your scores. Running a high balance has no long term effect on your score; as soon as you pay down your balance your scores will pop right up. Just make sure to get your balances down at least sixty days in advance of needing your scores, as it can take that long for the credit bureaus to get the updated balance information. How much of an impact will this have on your credit repair results? It can change your life. The difference between a low balance and a maxed out card can translate into a whopping 150 points. See the light!

The Right Stuff

Stay away from store cards and consumer credit such as furniture, appliance, and electronics store loans, at least while you are trying to fire up your credit repair project. If you have this type of debt right now try to pay it off as soon as possible. The FICO scoring model has a bias against this debt and your score will pay the price. Once again, it doesn’t really matter if you open an account at every store in town as long as you don’t need your scores to be at their best right. Store cards and consumer debt can be convenient and even financially beneficial if used right, just make sure to clean things up at least sixty days before you need your score and you will see the credit repair results you are looking for.

Learn About Statutes of Limitation

If you really want to fire up your credit repair weaponry and do some serious damage against the evil-doers you must take the time to understand the importance of statutes of limitation and their significance in dealing with errant collection accounts on your credit report. A statute of limitation is the period of time that a debt may be collected through the court system. In the vast majority of cases the statute of limitation is far less than the reporting period limit. Debts beyond the statute of limitation become extremely negotiable. If a collector has no leverage, and they know that you know, they are likely to become entirely docile and willing to accept a small settlement. In addition, you can stop any collector from contacting you with no worry about legal ramification, simply by sending them a cease communication letter. Want to learn more about this powerful credit repair tool? Statutes of limitation are state and debt type specific and are all easily found on the Internet. So logon and learn. Good luck!

Copyright © 2009 Ian Webber. All Content. All Rights Reserved.

Bob Credit asked:


When it concerns your credit entry, it’s important to be sure that you’re doing everything you are able to from the very beginning in order to make it all work out for you finally. If you begin your adult life without any regard to how your credit will be bore upon by your activities, you’ll for certain be in the need of credit fixing. When it concerns needing poor credit repair, there’s noting more crucial then making sure you’re acquiring the correct advice for everything.

If you find that in the end you’re in need of some professional person help to attend of your bad credit repair needs then you would like to be sure that you browse around. This is to be sure that you finish up with a company that knows precisely what they are performing in order that you do not end up wasting away your time or income. You would like to be sure that the bad credit repair company is one that’s been around for a few a long time instead of a company that’s brand new and likely to make some errors that could cost you.

Whenever you prefer to do all of this yourself and learn how to fix bad credit on your own, then there’s numerous stuff that you’re going to have to address. Whether it is bad credit mortgage repair or bad credit from credit cards, there’s a good deal that you’ve to arrange to be sure that it is all attended of in a suitable manner. A good place to start learning everything you need to know is by reading different articles and magazines out there that are directed towards assisting people find their way out of debt.

Among the biggest things that you can have in life is bad credit. Without any credit or bad credit, there are a lot of crucial things that you’re not going to be capable tof doing, and you’ll actually not be able to have the life that you always dreamed of if you don’t have good credit score.

Whether you prefer to pay for a credit repair service or you are interested in an free bad credit repair service, there perhaps things that can be arranged to wipe off some bad marks on your register. In a few cases, but not all, creditors may offer you a deal and ask that if you bring your account statement current they’ll delete former marks on your credit. Whenever you are interested in seeing if your creditor will do this, merely ask. Free bad credit repair is going to be arduous to discover, as most companies want their revenue in order to pay for their overhead.

The first matter that you should do if you want to repair credit score is check into your own credit. You are able to get your credit score through your bank or other financial organisation, and you are able to also order it yourself online and get it in the mail or through e-mail. This is an significant step because if you would like to repair credit score you’re going to need to have a look at where you beginning from.

Jim Kemish asked:


Credit Repair in Changing Times



Credit repair has the power to transform your financial life and help you meet creditor guidelines. We are in a period of hard economic times. For the last three years lenders have tightened their requirements. Consumers everywhere are finding it difficult to get home loans, automobile financing, and even credit cards. Millions of credit cards holders have been contacted by their creditors and told that their credit limits have been reduced, and in many cases even informed that their cards have been cancelled.

Meeting the Challenge Head On



Yesterday, the Wall Street Journal noted that credit card issuers will be cutting credit card lines by two trillion dollars in 2009. Credit repair provides a means of restoring, rebuilding, and optimizing your credit reports and credit scores. An intelligent round of credit repair is exactly what these hard times call for. You do not have to sit back and watch passively while the availability of credit becomes a distant memory. Start your credit repair program today and regain the favor of lenders and access to the low cost financing you need.

A Complete Approach is Needed

There are three aspects to successful credit repair that you must address simultaneously. You must clean up the content of your credit report, rectify any credit deficiencies you have, and fine-tune your credit for credit score optimization. If you neglect any of these tasks your credit repair effort will struggle, or even fail in spite of your otherwise capable and hard work. Many credit repair programs focus on credit bureau disputes to the exclusion of everything else. And as exciting as it is to see derogatory information corrected, you are likely to face disappointment when the time comes to apply for a loan and you find that your credit scores have not improved and that the content of your report does not meet the lenders requirements. Here is an overview of the three pronged approach that will insure you end up with truly usable credit.

The Credit Repair Clean Up

Cleaning up your credit report with credit repair requires patience and a proper understanding of all of your legal rights under the Fair Credit Reporting Act. And if you have accounts reported by collectors on your report you must have a working knowledge of the Fair Debt Collection Practices Act and all relevant state statutes of limitation. With the proper tools your job will be easy and rewarding. If you fail to learn the rules you may trigger unanticipated trouble in the form of new collection activity and lawsuits. If you don’t have the time to invest in the learning process don’t worry, just contact a legitimate credit repair service. They will insure that all of the necessary precautions are taken before sending dispute letters to the credit bureaus.

Removing Credit Deficiencies

Rectifying credit deficiencies as part of your credit repair program is every bit as important as cleaning up your credit report. This is necessary for anyone who does not have any open mainstream revolving accounts. Credit cards are the most powerful way of jumpstarting your credit scores. You should have a minimum of two credit cards. Given the state of the credit markets today there is a good chance that you will have to apply for secured credit cards. Secured credit cards are every bit as good for credit rebuilding as unsecured cards. Once you have your two credit cards you need to follow three simple rules to optimize your credit scores. Make your payments on time, don’t pay your balance down to zero, and keep your balance under twenty percent of the total credit line available on the card. As an example, if you have a card with a five hundred dollar limit, you should keep the balance under two hundred dollars.

Fine-Tune and Optimize

Fine-tuning the content of your credit report for credit score optimization requires some understanding of the FICO scoring model. There are certain types of debt that are favorable for your score and others that should be avoided at all costs. In addition, there is an optimal balance between different types of debt that you should work towards. You may need to open accounts, close others, pay down balances, and understand the pace at which these changes should take place depending on your own credit needs.

Picking Your Path



Do you need help? You can succeed at credit repair on your own, or you can hire a reputable credit repair service to manage the process for you. Credit repair is a unique task that requires a fair amount of knowledge if you want to produce the best possible results. If you are going to go it alone please take the time to educate yourself. If you are going to hire a credit repair service, pick up the phone and interview a few. Make a list of questions to ask and pick the company that you feel comfortable with. Good luck!

Copyright © 2009 James W. Kemish. All Content. All Rights Reserved.

Melanie B asked:


I’ve never had a credit card (although my credit sucks) and heard they’re a great way to repair credit. Any tips?

Jim Kemish asked:


The Growing Importance of Your Credit Score

Credit repair revolves around credit score improvement, and for good cause. You are probably aware that a low credit score can keep you from getting the credit you want. But did you know that lenders set interest rates based on credit scores? Late in 2007, Fannie Mae and Freddy Mac, the federally charted mortgage giants, modified their pricing to be more sensitive to credit scores than ever before. Even borrowers with excellent credit will now have their rate adjusted based on incremental score differences.

Every Point Counts

Mortgage lenders are not alone in their recent pricing policy changes. Auto finance companies, long known for tiered pricing, have also sharpened their pencils and are more score sensitive than ever. If you are applying for a loan you should be aware that every point on your credit score could affect your interest rate. Fortunately there is a way to control your credit scores and hasten your credit repair goals.

Credit Cards the Credit Repair Powerhouse

Effective credit repair is all encompassing. But there is a special category of debt that offers more control over your scores than you ever imagined – if you know what to do. Credit cards have a special place in the FICO scoring model, and therefore in your credit repair effort as well. Fair Isaac and Company, the creator of the FICO scoring model, interprets the way you use your credit card as a primary indicator of the risk a lender will assume when lending you money. And there is reasonable logic involved.

Credit Cards as a Barometer of Risk

Fair Isaac and Company is in the business of measuring the risk of lending money. Their method is to assign numeric value to every behavior they can identify within your credit file. These values are measured by a complex algorithm, or formula, which they license to the credit bureaus. The credit bureaus apply this formula to the information they collect about you and come up with a single number; your credit score.

Credit Card Behavior

Fair Isaac gives your credit cards special importance because your balances can change monthly and contain several indicators of potential risk. The indicators measured by Fair Isaac include your payment record, your balance relative to your high credit limit, and the age of the card. In addition, the importance of each indicator varies based on the value of the other categories. Let’s see why.

Credit Repair Rule Number One – On Time Payments

Many people involved in a credit repair effort open new credit cards to rebuild their credit. If managed correctly this can be a powerful score booster. But there is a dark side as well. If you miss a payment Fair Isaac will cut your score dramatically as a way of alerting lenders that you are a high risk. It’s simple. Your new credit card was seen by Fair Isaac as a test of your ability to manage new debt. And you failed. Credit repair rule number one, make your payments on time.

High Balances Equal Credit Repair Trouble

So, you got a new credit card, ran the balance up to the limit, and now you wonder why your credit repair efforts are not working. You can afford the payments, and you’re making them on time. What’s the problem? Unfortunately, all Fair Isaac can see is unproven debt and a person who may have no restraint. So you get categorized with a statistical majority who get in over their heads and soon default. As a result Fair Isaac will knock your credit score down to warn potential lenders to steer clear. Do you want to keep your scores up? Please keep your balances down.

The Age of Your Credit Cards

Once you have proven to Fair Isaac that you can manage the firepower in your wallet you will be rewarded with increased latitude. Your score will still suffer if you make a late payment, and you will be penalized if you let your balance approach the limit, but not as much. In addition, you will be rewarded with a higher score as Fair Isaac becomes more confident in your staying power. When it comes to credit repair, time is your friend.

Reaching Your Credit Repair Goals

Do you want to optimize your credit score? Make your payments on time and watch those balances. The latest release of the FICO score model recognizes five balance-to-limit ratios: 20%, 40%, 60%, 80%, and 100%. The first two tiers, 20% and 40%, will increase your scores, 60% is neutral, 80% is bad, and 100% is terrible. There is also a special deadly over 100% category, which you can expect to obliterate your score. If your credit cards are under one year old your behavior is especially important. If you exercise caution, your scores will soar, and you will reach your credit repair goals.

Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.

Madusha Emeka asked:


Having a good, strong credit rating is just as important as keeping yourself out of serious debt, but it is all too easy to ignore this in the interests of virtuously tearing up all those credit cards and becoming debt-free! The time when it was considered essential to stay completely free of debt has long gone and it is now deemed absolutely vital for people to have built up a decent credit rating for lenders to assess their creditworthiness for loans or credit cards.

Here are some of the benefits resulting from having a good credit rating:

* Knowing that you can always apply for low interest loans, mortgages or indeed credit cards from your bank

* Increasing your profile to potential employers so that they can assess how trustworthy you are.

* Being able to apply for a good insurance deal.

* Allowing potential landlords to see your credit history and thus attaining the flat that you desire!

It can be seen that it is essential to establish a good credit rating, as the lack of one will certainly have a negative impact on your future and is likely to send negative messages to prospective lenders, estate agents, landlords and certainly employers So how do you begin the task of acquiring this one all-important asset? Here are some tips to build up a solid and indeed enviable credit rating:

* Always make sure that you have some credit, whether you need it or not! After all you do need to consider your future credit rating!

* Your student or car loan is sufficient, but otherwise you just need to have a couple of credit cards really.

* It’s a good idea if you can, to pay off your balance completely every month. At least, never forget to make your regular monthly payments so as to avoid those rip off late fees

* Make sure you do use your credit card now and again.

* Remember that it’s important to maintain a healthy credit score during your lifetime so make sure to have a credit card for the sake of your credit report.

Vital Information about Your Credit Report

Your credit report, is held by credit agencies that collect your credit information, and gives you a credit score based on this. A credit score is sometimes known as an FICO score and is named after Fair Isaac Corp the company that established the system of credit scoring. Here in the UK you can always find out your credit rating if you are brave enough to do so. It might be a good idea in fact as sometimes people have black marks on their credit records without even being aware of it – mistakes are often made so, yes, do check!

The information held on an individual’s credit report includes the following:

* Your personal details such as your name, address, date of birth and NHS number

* Your credit history – this will reveal information regarding your debts including, amount of debt and the credit limits that have been available to you, how regular you’ve kept up your payments and relevant information about the closing of your accounts

* Details regarding recent credit inquiries

* Information related to public records i.e. any bankruptcies, repossessions, foreclosures or liens, non payment of child support and any unpaid taxes

So you can see how important it is to build up a credit rating or score that is going to be of service to you when you need credit at any time in your life! And you never know when that might be – you could fall on hard times, become unemployed or need to support a sick or aging relative. Or indeed you might decide as you are getting older that it is time for some travel abroad and some credit to help you do so would come in very handy indeed!

Problems can arise in the case of someone who has either a negative credit rating or simply none at all. It is unfortunate when an individual has been ill for some years and may in addition have disregarded both the need to save and the necessity of at least being able to borrow! So how does such a person begin the seemingly marathon task of building – or rebuilding – a credit record so that it is at least respectable?

Well one thing they can do is to get a small level of credit on a high interest credit card. After all no one is going to let them loose with a nice 0%! Even if they have just a £200 credit limit they can still use it wisely and pay their monthly bill on time. If they handle their current account well they’ll be on their way to regaining their creditworthiness!

Ian Webber asked:


Are You a Candidate for Credit Repair?

It is true that millions of people have benefited from credit repair. But there are many misconceptions about the subject that have led others to jump into credit repair programs before they were ready. If you are truly a candidate you are likely to see dramatic results in a short period of time. Your credit report can be tidied up and your credit scores optimized; many people see a complete transformation on their report and a significant jump in their scores within just a few months.

You Are Not a Candidate, if…

You are not a candidate for credit repair if you are having trouble paying your bills. Credit repair is not about eliminating debt or finding a way to erase legitimate obligations from your reports. There is little point in starting the process of cleaning up your credit if there will be new derogatory information reported each month. If you are in a financial bind there are several other options that you should investigate, including consumer credit counseling, debt negotiation, and bankruptcy. Prior to deciding on a course of action please take your time to research these options carefully.

You Are a Candidate, if…

You are a candidate for credit repair if your finances are reasonable stable. You must be able to keep up with your bills, and ideally have a little money left over for savings. The ability to contribute, even a small amount, to a saving account will allow you to create a safety cushion for unexpected expenses and to insure that you can preserve the fruits of your credit repair efforts. True progress may also require that you build new credit, and for many people this means opening secured credit cards. A secured card typically requires a small savings deposit ranging from 200 to 300 dollars, so you should have some money available to contribute to the cause.

Getting Started

If you are a candidate for credit repair there are several steps you must take to prepare for the process. This small investment of time at the outset will pay huge dividends. Too many people jump in blindly and consequently get frustrated, or more commonly get only half of the potential benefit. There are few things as important as your credit; you owe it to yourself to make sure the job gets done properly. When it comes to credit repair, short cuts are dead-ends. Here are some ideas about building the right foundation for your efforts.

Get Your Credit Reports

Start by getting all three of your credit reports. Credit reports are a little tricky to read. If you purchase your three bureau credit reports individually, or opt for the free reports offered through the government mandated site AnnualCreditReport.com you will be starting your project at a disadvantage. Give yourself the edge and invest in a good tri-merged credit report online. One of these reports should cost you less than 20 dollars and is well worth the money. Most tri-merged reports structure your credit information for ease of understanding and will allow you to make sense of everything you see.

Proofreading for Credit Repair

The goal of proofreading your credit reports is to indentify every single issue that is hurting your scores. Before starting there are two things you need to know. First, it is essential that you give yourself the benefit of the doubt; if there is any question in your mind about the accuracy of a derogatory item you should dispute it with the credit bureaus. Second, don’t skip anything regardless of how small. You might be surprised how little things can add up and impact your credit scores. It’s your credit. Everything matters.

Spotting Invisible Dangers

When you proofread your credit reports there are several special things to look out for. These issues are hard-to-spot legal and reporting problems that can depress your scores, and yet unless you are alert they will escape your notice. Underreported credit limits can make your cards look like they are over utilized, accounts often continue to report as open with a balance long after they have been paid and closed, duplicate listings are commonplace and should be eliminated, collectors are supposed to withdraw their listings completely when they sell the debt to another collector or return it to the original creditor, but they do not often comply. All of these issues can hurt your scores so look sharp!

Reach Out for Help

If at any time you feel overwhelmed by the task you should reach out for help. There are many professional credit repair services that can insure that the job gets done properly. These companies are typically very affordable and will make sure that nothing gets left out. The best of these credit repair firms will also provide additional services like score consulting, rehabilitation and rebuilding guidance, and more. It’s your credit. It matters. Good luck!

Copyright © 2009 Ian Webber. All Content. All Rights Reserved.