Fixing credit?

Fixing credit? Topic: Letter applying for financial assistance
July 19, 2019 / By Bertie
Question: What is a good company to go through when trying to fix your credit rating? Alot of companies only deal with credit card debt not other financial areas. I live on a tight budget so it would be hard to pay off everything at once. Is there a place that consolidates all bills into one monthly payment?
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Best Answers: Fixing credit?

Affton Affton | 2 days ago
Avoid CCC places - take a shot at repairing your own credit for FREE... #1) Pull all your reports. Not online, request actual physical copies. They usually contain more than what an online report does. This will give you a start on where you need to go with your reports. Also, keep them. Never toss them. They are proof later on if you need them to refer to if you ever get into a legal situation regarding your credit (lawsuit etc). You can get your first set free on an annual basis at annualcreditreport.com. #2) Dispute. Dispute anything that is not correct including, balance amounts, lates, etc. If you have only one or two lates, I would call your creditor and see if you can get them removed via goodwill gesture, or send a goodwill letter. You can find some great letters on some of the credit boards like creditnet.com and creditboards.com. #3.) Collections? If you have any collections on your account or anything that should not be there, send a DV (debt validation) to the creditor asking to prove the debt. If they cannot, they have to remove the debt off of your report by law. #4.) You have rights - check out http://www.ftc.gov/os/statutes/031224fcr... for more info. #5.) check out some of the posts on creditnet.com and creditboards.com for assistance. #6.) If you have no credit, or want a temporary boost - have a family member or really (really, really, really) close friend add you in as an authorized user on their credit cards. Make sure the balances are not high, otherwise this could hurt you more. The higher the available credit, the more your utilization will go down on your report - therefore bumping your score. #7.) Avoid unnecessary inquiries. Hard pulls can hurt you, so avoid applying for new credit cards unless necessary. This of course is a shortened version of things you can try. Research info on those links I provided you. You can increase your score spending just a short amount of time per week, sending letters to creditors etc. I increased my score over 100 points in less than 6 months. Depending on your situation, this could take shorter or longer time, but at least you have somewhere to start. Good luck!
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Affton Originally Answered: How do I go about raising/fixing my credit score quickly?
the most you can gain is about 5 points per month. Scores are logarithmic meaning the worse your score the fast it can go up but as you go up it gets harder. It is totally unrealistic to believe in a 18 months you will come close to a decent score but you might get to the low current min of 620 which is ridiculously low. There is a lot more to credit then just scores. Yes after 7 years of no activity bad items come off however that does not improve credit. There are also tier levels so while you may see a "20" point increase that is because you are in the tier for people with charge offs. There is only one way to increase credit and tier level and that is to borrow and pay as agreed. stat rt with a cash secured loan cheap and all banks do them. as to wasting 1000 a month it costs a lot more the 1000 a month to own any house in the USA. On HUD's web site there is a great report forgot where but the ROI on homes over a 40 year history is a whopping 3% and most of that comes after it is paid for.
Affton Originally Answered: How do I go about raising/fixing my credit score quickly?
I only scanned your long question. But there really is no way to fix bad credit and improve your score quickly. Anyone who claims that is a scam. It takes YEARS to rebuild credit. You need at least 24 months of consistent, on time payment history to see any improvement in your score. To raise your scores to the point where you can qualify for a mortgage, may be more like 3 or 4 years. First, derogatory items age off your credit report 7-1/2 years from the date of first deficiency (default). This is per the FCRA and nothing restarts that clock. Paying off defaulted accounts (delinquent or derogatory -- consider them the same) will NOT improve your score or get the item removed. The damage is done and will remain for the balance of the 7 year reporting period, whether paid, settled,, or unpaid. Mortgage lenders will require that ALL derogatory items be resolved. With this in mind, you may as well negotiate settlement for as little as you can. Depending on the age of the default, you should be able to settle for 25% to 50% in a lump sum, even less if the default is more than 4 years old. Forget payment plans. Better to wait till you save up for a lump sum offer. Start with the newest derogatory item and work back to the oldest. The older an item, the less impact on your score. You may want to let anything close to the 7 year mark just age off. I noticed someone mentioned pay for delete. Those are only work for single entry items like medical or utility bills. Doesn't work at all for regularly reported items like credit cards or installment loans. Even with single entry items, collection agencies are not likely to agree to a pay for delete unless this is a relatively new items. In any case, make sure you get settlement agreements in writing before you pay. Keep that agreement along with your payment proof forever. do not give the collector direct access to your bank account. If you don't have open,, active accounts, you need to get a credit card, even if its a secured card. use the card for regular purchases and pay the statement balance in full every month. This will give you good payment history and avoid interest. One more thing, owning a house is NOT cheaper than renting. There are lots of extra expenses to owning -- taxes and assessments, home owner's insurance, all utilities, maintenance and repairs, landscape maintenance, etc.

Thornton Thornton
Be in the Know. You can’t fix a problem if you don’t know how bad it is. Get your credit score and a copy of your credit report from all three of the major credit reporting bureaus. Look over the information affecting your scores.Dispute Any Errors. After a close examination of your credit report, sometimes an error may be found. Bring this to the attention of the credit reporting bureau by sending them a letter describing the error or filling out their online dispute form.Automate Good Behavior. What it takes to have a good credit report and score is doing the right things consistently and over long periods of time. Some of the things you need to do can be done automatically—like paying your bills on time. Pay Down Debt. The rule of thumb: Your debt, not including rent or mortgages, should be no more than 20 percent of your monthly take-home pay.Mark’s book-Hidden Credit Repair Secrets can help you fix your credit also.
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Quinlan Quinlan
hi, try this first: http://finance.ebookorama.com and this after that: http://credit-cards.ebookorama.com the above site has some links that go off into some site that helped me at one point
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Quinlan Originally Answered: I need help fixing my credit to buy a house. I saw on a tv show I watch(sister wives) how one woman was still?
Sounds like not a good plan to buy a house now because you both are not establish. The lady on sister wives went to a lawyer to clear up her credit by helping her negotiate with her default accounts on settling and erasing off her credit history or showing account is closed, along with the multiple name due to previous divorce. Before loans officer will approve a loan, you need to establish that you both have permeate job for at least 2-4 years along with emergency fund. If you do not have a long term relationship with current job with both of you then they will rely on the one that has that permeate job and only use that for debt ratio factor. Also with his credit that sucks, it may be rely all on you for the approval. Seems to me that you said you both do not have a big account, you will need at least 10% of the loan value you take to put down along with closing costs unless the house you are buying will pay them, which depends on the sellers, most don't take this option. I'd say get your fiances in check and save up at with at least 3 months of emergency funds(this means gas bill, power bill, water bill, rent, food and whatever necessary bills), at least a portion for your house you are considering portion(I wouldn't look unless you get approve for a loan) and little extra.

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