Comments on: How to repair my credit? http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm Sat, 19 May 2012 13:40:08 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: bdancer222 http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm/comment-page-1#comment-2362 bdancer222 Tue, 13 Apr 2010 01:42:03 +0000 http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm#comment-2362 You should have negotiated a pay for delete for those medical and utility bills. You pay $x and they remove the item from your credit file. This would have helped your credit score. As it stands, those derogatory items should show paid but will remain on your credit file for the balance of the 7 year reporting period. Of course, paid old debt looks better to creditors than unpaid. You may have to get a secured credit card -- you pay a deposit which is held as collateral for the line of credit. Use the credit card and pay it in full every month. After a year, you can probably convert it to a regular credit card account. It's going to take at least 24 months of consistent, on-time payment history to even begin to improve your score. You should have negotiated a pay for delete for those medical and utility bills. You pay $x and they remove the item from your credit file. This would have helped your credit score. As it stands, those derogatory items should show paid but will remain on your credit file for the balance of the 7 year reporting period. Of course, paid old debt looks better to creditors than unpaid.

You may have to get a secured credit card — you pay a deposit which is held as collateral for the line of credit. Use the credit card and pay it in full every month. After a year, you can probably convert it to a regular credit card account.

It’s going to take at least 24 months of consistent, on-time payment history to even begin to improve your score.

]]> By: General Custer http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm/comment-page-1#comment-2363 General Custer Tue, 13 Apr 2010 01:42:03 +0000 http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm#comment-2363 Get copies of your credit reports and be sure they correctly reflect you paid. Get copies of your credit reports and be sure they correctly reflect you paid.

]]> By: J J http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm/comment-page-1#comment-2364 J J Tue, 13 Apr 2010 01:42:03 +0000 http://smallbusinessmerchantaccounts.org/how-to-repair-my-credit.htm#comment-2364 Well it sounds like you are on the right track, good for you. As for your question, even though you are in the process of correcting your credit, you'll probably have to go with a small amt subprime WFF, MBNA, or CapitalOne card. No biggie. Rebuilding you credit takes time, and these are the beginning steps =) Well it sounds like you are on the right track, good for you.

As for your question, even though you are in the process of correcting your credit, you’ll probably have to go with a small amt subprime WFF, MBNA, or CapitalOne card. No biggie. Rebuilding you credit takes time, and these are the beginning steps =)

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