Whats the best way to clean your credit score and bring up your score?

i make more money now and im older i want to fix my credit

whats the best way

Whats the best way to clean your credit score and bring up your score?

Yes, it%26#039;s possible to fix your credit yourself. With a little hard work and perserverance, and patience, you could get it back up there.

What you have to understand is what makes up your credit score:

1. Payment history- 35%

2. Total debt owed to avialable credit ratio-30%

3. Length of time establishing credit-15%

4. Types of credit established-10%

5. Inquiries and New accounts-10%

With that in mind, this is some steps that you should do in order to get yourself in a better financial position to rebuild your score:

1. Open a checking and savings account if you haven%26#039;t already- while this won%26#039;t directly affect your credit score, it does many things.

It re-establishes a relationship between you and a financial institution, which by being an customer in good standing, could help

make it easier to get approved for credit cards and loans. Most importantly, by opening a checking account

it gives you the single most powerful tool in building credit, to help pay your bills on time, especially if the bank offers online billpay.

2. Gather ALL your credit reports- It%26#039;s important to know exactly what%26#039;s on your reports. A lot of times, people believe that their credit

is so bad, that they don%26#039;t bother to check their reports for mistakes, and trust me, mistakes DO happen. The credit bureaus don%26#039;t get

paid to be accurate, they get paid to report. It%26#039;s important that you gather reports from all 3 agencies to determine not just who and

how much you owe, but to make sure that what%26#039;s on there is even correct. If you do happen to find something that you%26#039;re sure is not

right, you should dispute with all 3 agencies, they all have an online dispute feature in which you can dispute the item. Once you%26#039;ve

made sure that there%26#039;s no inaccuracies on your report, then you should arrange your debts from most recent and lowest amount to

oldest and highest amount. Debts that are newer than 2 years are hurting your score the worst and should be handled first. What you

should know that just paying off debts, especially collection debts will not help your score. A %26quot;pay to delete%26quot; or %26quot;deletion payment%26quot;,

which is a payment in exchange for removing it from your report completely. I posted several links that explains this more in detail.

http://www.creditinfocenter.com/debt/set...

http://www.creditinfocenter.com/debt/neg...

http://www.creditinfocenter.com/debt/Can...

http://www.creditinfocenter.com/debt/Act...

http://www.creditinfocenter.com/debt/deb...

If you%26#039;re sucuessful, this will help your score.

3. Open new credit- I had mentioned in #1, about opening a checking and savings account with a bank or credit union, I%26#039;m going to tie

that in with what I%26#039;m about to say. Some major banks (Bank of America, Wells Fargo, USBank, Orchard Bank) and some credit unions

offer secured credit cards, which are credit cards that require a deposit to establish credit. Whatever you deposit would be the credit

line, for example, if you deposited $300, then your credit line would be $300. The deposit isn%26#039;t used to pay for what%26#039;s purchased on the

card, you would still need to either pay in full or make monthly minimum payments. The deposit is used only if the account becomes

delinquent and goes to collections. A couple of good things is that you can increase the credit limit by adding to the deposit, which

can help your score because it creates a much needed cushion between the total debt that%26#039;s owed and the available credit, and also

the deposit is sometimes linked to a savings account which earns interest while you%26#039;re building credit, so the deposit isn%26#039;t just sitting

there. A good way to build credit with the card is to make small purchases ($20/month max) and pay it off on time every month, while

adding to the deposit. Usually after a year or so, of paying it off on time, the card either converts to a regular card or it%26#039;s upgraded to a

better card, and most importantly the deposit isn%26#039;t needed anymore and it%26#039;s given back. My suggestion would be to open another

secured card and repeat the process or open 2 at a time, which would speed things up. If you make small purchases, pay it off and

increase the limits, that will really help your score. In the end, you%26#039;ll have 2 credit cards with decent limits and an emergency fund from

the deposits.

4. Enroll with PRBC- PRBC is America%26#039;s Alternative Credit Bureau, providing a helpful service to the over 50 million people with

limited or no credit history. If you pay your monthly bills on time, PRBC can help you build credit to qualify for a mortgage and better

interest rates.On-time payments for the following bills are not reported to the traditional credit bureaus:

Rent

Cable

Phone

Daycare

Insurance

Electric

Natural Gas

Cell Phone

The only time your payments for these bills are reported to the other credit bureaus is if they%26#039;re missing or late.With PRBC, your on-

time payments count. You build credit for paying your bills on time, even if you have no credit history. PRBC has teamed up with Fair

Issac, the creators of the FICO score to introduce the FICO expansion score which helps people build credit. Here%26#039;s a link that explains

more in detail:

http://www.fairisaac.com/fic/en/product-...

In closing, just a few more things to keep in mind.

-Don%26#039;t spend more than 30% of your combined available credit on all your cards.

-Only apply for credit when necessary.

-Pay on time

Hope this helps...

Thanks for reading and...

Good luck!

Whats the best way to clean your credit score and bring up your score?

Complete pay-for-deletion letters for the bills that have been charged off but you are willing to pay at least 50% of charged off balance. Send these letter certified and get agreement from the collection agents over your account.

Other than that, paying your bills on time and over time have a great impact on your credit score.

You simply say you have found the debt on your credit report and instead of a lengthy research process to determine if it is even yours you will pay them (pick a percentage 55 ish) if they will remove the information from your credit reports after receiving the payment. Please sign the enclosed copy of this letter indicating you accept this agreement and return it to me and I will make payment in certified funds upon receipt. Then make a space at the bottom for a signature.

%26quot;In exchange for deleting the item from my credit report, I will pay $X (offer about half). This is not an admission that the debt is mine but an expediency to clear my credit report.

Upon receipt of your signed agreement to this letter, I will send my check for $X. This offer is only good till ___ (date -10 business days).%26quot; After your signature, add: %26quot;As an authorized agent for the company below, I accept the above terms.

Simple as that and send it certified to show that you mean business.

Signed ______________ Date _____________ Company

Whats the best way to clean your credit score and bring up your score?

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Whats the best way to clean your credit score and bring up your score?

Hi,

I used %26quot;Credit Solution%26quot; to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It%26#039;s legitimate and free consult.I came across this company on NBC News Special Edition.Check it out here:

http://shurl.net/5oX