Can you answer Lester J’s question about Credit Repair?:

I need to repair my credit and need someone who is experienced and knows what he is doing. Im in southern California, can anyone recommend someone?

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Can you answer Stephanie N’s question about Credit Repair?:

I am trying to repair my credit by sending debt settlement letters to the collections agencies listed on my credit report, but they are not being cooperative. Most are saying they CANNOT settle the debt nor are they willing to delete the listing from my credit report after the debt had been paid. I don’t trust any of these non profit credit counselors, but I need some guidance. I am begining to lose hope that this is even worth the trouble. Any advise?

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Can you answer Sage’s question about Credit Repair?:

I paid $300 to an attorney that works with a real estate firm specializing in credit repair, by disputing and of such nature. He hasn’t done anything, he is now unable to be reached? Took my money and left but still around. Can I bring legal action to him? (His company states that he’s doing it on his own). I need a good attorney to help me out, what kind of attorney could help me in this case? Please help me.

Credit Cards To Fix Credit

It seems that everyone in America has one type of credit problem or another. We all need to learn how to fix credit problems because our society revolves so much around credit-based situations. Even if you have a superior credit score, you can watch it drop by 100 points just for missing a single payment - or even making a late payment! The credit realm is definitely cut-throat and it isn’t going to suddenly get easier to handle. There’s good news though! There are methods that you can use to fix credit problems. Let’s look at 5 hot ones now:

#1: Start making your payments for everything that you are responsible for on time. Pay your bills in full and do it every time that they come due. The scoring algorithms that have a direct affect on the happiness that we experience love to see timely payments. They do not appreciate late or missed payments whatsoever, and they have no problem showing you that by dropping your precious credit score overnight!

#2: Keep your credit cards at a maximum charge level of 30% and pay them off in full every month. The second most important variable in your scoring algorithm is based upon the difference in the amount of credit that you could use as compared to the amount of credit that you actually do use. Keeping the charge levels low shows restraint and responsibility. That’s what the algorithms like - nobody ever said they were any fun!

#3: Dispute any and all negative items that show up on your credit reports. It is your right to do so and it is the responsibility of the reporting agencies to verify all disputed claims with the creditor that placed them on your report. This is an integral component in your overall strategy to fix credit problems that you may have. If the disputed items cannot be or are not verified within a reasonable time period (normally 30 to 45 days), then they must be removed from your credit report. This is definitely worth doing as it has been shown that as many as 79% of all credit reports contain some degree of inaccurate information. If you do not dispute negative items, they will remain there indefinitely.



Thanks to Chane Steiner for contributing this article to our Credit Repair blog:

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Can you answer jackson m’s question about Credit Repair?:

What are the important points to be consider before starting credit repair business?

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