The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Credit

Can anyone tell me the best way to fix my credit?


Im only 19 years old and Im in debt like 5,000 dollars

Pay all of your bills on time.

Firstly, do NOT borrow any more money! Secondly, pay off what you owe! Making ALL of your payments on time is the best way to fix your credit. It may take some time for some bad items to drop off of your credit report if you just wait. However, you can have bad items removed from your credit report IF you have paid the account in full. After the account has been paid in full, get a copy of your credit report and dispute any bad item that HAS BEEN PAID IN FULL! Challenge that/those items that have been paid in full, most creditors wont invest the time or money to keep a bad item on someones credit file after the account is paid. It isn't economically feasible for them to answer challenges to items that they no longer have a financial interest in. Good luck!

Ohhhh, very helpful, thanks.

Actually get in contact with the companies that you have debts with in the first place and ask them for a prolonged period of time to pay & explain the situation, additionally, pay a small amount per week, as much as you can, so they know that you're dedicated to paying it.

My debt is 7000$
2 phone companies
& a maxed out credit card.
I'm getting there though.

Tags
  Personal Finance   Investing   Insurance   Credit   Corporations   Other - Careers & Employment   Technology   Marketing & Sales
Related information
  • How to use paypal and wat is it ?

    Another way to give out your credit card info

    ...
  • How do i activate an american express gift card?

    gift cards usually dont need to be activated. but you might check the american express website.

    ...
  • When banks or car dealers check your credit...are they getting a credit report or just a number?

    When you get your credit "run" the dealership gets a credit report as well as a numerical score. They actually will get an enhanced score that gives more weight to installment loans. Thi...

  • Visa gift cards? help..?

    Call the number on the back of the card and make sure the original $50 was credited to the card to begin with. Maybe the cashier did not activate it properly when it was purchased. good luck..

    ...
  • What do I have to do after using a credit card?

    A credit card is a revolving line of credit. when you buy something, your credit line is reduced by the amount of the purchase. When you make a payment, your credit line is increased by the princ...

  • Unpaid Credit Card debt in Germany.?

    If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit ca...

  • Why untill now my paid contributions and loan payment last Feb.2007 was not yet posted, how come ? why why why

    Were you receiving late notices for the unposted payments? If not, don't worry about it.

    ...
  • Have you ever reversed credit card charges on PayPal / eBay and won?

    yes Suprisingly it only happened once the person did not deliver the goods fortunately for me he 1. suckered quite a few people 2. I was one of the first people he suckered so I got the funds ...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster