I’ve pulled my credit report,most of my negatives are charge offs and broken apt. leases.?
my only current debt is a revolving account and an installment account,but I have 2 repos,a couple of broken leases,and other various.items. total, with my auto I have about 30,000 in debt.shoud I just start paying them off one at a time?,are there some items you pay or don’t pay?I ‘m trying to raise my score,but I hear paying down an old collection does not raise your score.some of these credit repair deals are scams,and I don’t think consollidating works either.I need detailed proffesional help or just good honest advise.
Fix your credit yourself for free – there’s no one out there who’s gonna do any magic for you!
1. Order your credit reports from the 3 bureaus
www.equifax.com
www.experian.com
www.transunion.com
If you’re ordering for the first time, get your score (for a fee) from Equifax as their scoring matters most.
2. Make copies of your report and put the originals in a binder. On the photocopied reports use a highlighter and check for any incorrect, outdate, false, etc…info
3. Download a dispute letter(s) from the credit bureaus website and list anything that is wrong. Mail them to their office(s). They have 30 days to reply.
4. If they will not remove something that is not yours or too old (> 7 years) as them for a debt validation. This may take an additional 30 days.
5. Once the ‘baddies’ come off, take care not to let any of your other accounts fall into that predicament.
6. If you haven’t already make sure your existing accounts are current and paid on time ALWAYS.
7. Get a secured credit card with www.capitalone.com or www.mastercard.com for like $500-1000 or more if you can and use it sparingly. Charge like $50 on the card each month and pay it in FULL and on TIME. Make sure you do this for a minimum of 6 months so that you estabish a positive repayment history.
8. Problem with just letting them ‘fall off’ is that they may never. You may get sued before that…that’s where you suddenly get a summons to appear in court and a judgment for collection against you.
For the 2 collection items…pay them but get a ‘pay for delete’ from the collectin agency in WRITING…they’ll delete it after you pay and it will help your credit score