I need to repair damaged credit. How do I go about doing this?
State/Country relating to question: New Mexico
Paying off accounts and student loans and back taxes. Still getting turned down for credit.
Hello, my name is Ely. I am here to help you. There may be a slight delay between your follow ups and my replies as I type out a reply. Please note: (1) this is general information only, not legal advice; and (2) my function is to give you honest information and not to tell you what you necessarily wish to hear.I am sorry for your situation. Can you please tell me:1. how is your credit damages (i.e. from what); and2. what has you already done in an attempt to repair it?This not an answer, but an Information Request. I need this information to answer your question. Please reply, so I can answer your question. I look forward to helping you.
I am not sure but each time I apply for a store credit card or bank credit card I get turned down. I had some accounts get past due but I paid them off. I am not sure what else I need to do or why my credit is in the dumpster. I just would like to repair it as quickly as I can. What do you suggest?
Theresa,Apologies for the wait. I a three-step recommendation:Get Your Scores & HistoryFederal law requires the three credit bureaus to give you a free credit report and history. You can request one here: www.annualcreditreport.com.Once you get one of all three agencies, look through it and mark all the negatives. Then, you dispute them.Disputing the HistoryYou may dispute the history. Upon dispute, the credit agency may then contact the creditor and have them send their version of what happened, and then the agency makes their own decision as to whether to leave the mark on, or not. Often, the creditor does not reply in time (30 days) and and the matter is removed.This should really help the history. See below for a sample letter of dispute and steps:http://www.debt-n-credit-letters.com/Report-Dispute/credit-report-dispute-letter-1.htmlBuild Your CreditUse special credit cards that build your credit to improve your score over time:http://money.msn.com/credit-rating/raise-your-credit-score-to-740-weston.aspxIMPORTANT INFO: I hope this finds you well. Please use REPLY TO EXPERT to keep talking, or RATE my answer when we are finished. Kindly rate my answer as one of the top three faces and then click SUBMIT, because this is how I get credit for my time with you. Rating my answer the bottom two faces does not give me credit and reflects negatively on me as an expert even if my answer is correct. I work very hard to formulate an informative and honest answer for you; please reciprocate my good faith. Do not worry, you may always ask follow ups free after rating.
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