9 Surprising Ways credit repair [is|are] More Refreshing than New Socks | Neptune New Jersey 07754

I’m 32 now and my credit is slowly climbing into the “good” territory, but I can definitely attribute the ease in which I made credit mistakes in the past to just not really ever having an opportunity to grasp personal finance until I fell on my face a few times.
Most negative notations on your credit report will cease appearing in your credit history after seven years (although some may take longer). With hard work and determination, you can watch your credit score rise.
I have a collection account on my credit reports for a Best Buy credit card through HSBC Bank that I never applied for, therefor never used. I have formally disputed this account numerous times with the CRA’s asking for some sort of proof that I was the one using the account. All times I have successfully won the dispute and am informed that the account will be removed from my report….which does happen. HOWEVER, within a couple of months of the removal the account shows back up on my credit reports under a different collection agency. Not to mention, the original account is over 11 years old and should have been removed due to statute of limitations here in California. What can I do to keep this ugly, incorrect monster from reappearing? Thank you.
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Well what is YOUR suggestion to those of us who are sick and all that there are, are medical bills. Some btw were paid with my insurance and are still reporting negative. I have fought one for 5 years now. When will everyone understand these 3 bureaus are not in it for us. Its bad enough to be sick but to be financial affected everyday for 7 days and I promise they all don’t just drop off. It will always be my word against them and working with a collections agency is just a waste of my time and money. They lie!!  I got one of KC’s cc offers 3 weeks ago as they suggested to raise my score…I was just about to get me a new car since 1994 well that next week my credit dropped 70 points for a $300.00 credit..My credit union has no for my car loan.I thought KC was a blessing…wrong I guess… 
Credit Management Control is committed to treating our clients’ customers with respect and understanding. We employ bilingual collectors, record calls to ensure compliance with regulations on the part of our collectors and train our collection staff to take a “here’s what I can do for you” approach to collections, offering consumers solutions that will help them fulfill their financial obligations to our clients.
As mentioned previously, a good credit score can help you a lot with your financial health. But how exactly does it help? MyLendingTree’s Free Credit Score can help you visualize the effects of having various levels of credit.
It doesn’t matter what your credit score is these day . Mine is 715. I think it’s all biased ! I’ve been struggling for 14 years since my husband passed away & on a decent fixed income. I’ve never been late paying any of my utility, rent. or loan obligations needed to survive. I’ve purchased 2 cars, both were payed off a year in advance. I had to recently purchase a used car that turned out to be a lemon because I could not be approved for a new car because of my credit score. What ! They should change the point system. Not everyone wants to get in debt to get out of debt. I surely don’t. So much for freedom of speech & the home of the free. We are living under American communism ruled by capitalist. So how free are we? So much for what the American Flag stands for & what our forefathers came to America for to have a better life !
Going forward, if you tend to carry high balances on your credit card accounts, then you may actually find that it will cost you more per month to carry these higher balances because the minimum amount due may be raised to accommodate for this trend.
How do you do that? If i borrow say $5,000.00 how much will you have to pay back on loan like this? I dont wanna even spend the money, just put it into an account and pay it back to build credit up even more..
Ray, Fist let me say I agree with everything you’ve said so far on this blog… hard for many people to hear and maybe even harder for them to even comprehend, but very true, most people live far beyond their means. That being said please look at the process of the securitization of loans which offloaded this risk of loans from banks to an intermediary which are then grouped and sold to investors as MBS (mortgage backed securities) often backed by further layers of securitization. The boom in this practice of offloading risk from banks is the primary cause of the sub-prime mortgage crises.
There is no pre-set credit score requirement to qualify for a mortgage. Different lenders set different criteria. That being said, to get the lowest rates, you’ll need a credit score of 760 or higher, but you’ll certainly qualify for a mortgage with a score above 660. Anything below that brings a bit of uncertainty into the equation. You still might qualify, but the interest rates will be higher and lenders will rely on other criteria to make their decision, such as source of income and assets. A low credit score can indicate you’re a risky borrower, and a high score can significantly improve the mortgage terms you’re offered. So it’s important to know what you can do to improve your credit. It is always a good idea to check your credit report and score several months in advance, so you have time to improve your credit standing. You will be able to find some guidelines on how to improve your credit score here. Hope this helps!
Scores by VantageScore are also types of credit scores that are commonly used by lenders. The VantageScore was developed by the 3 major credit bureaus including Experian, Equifax, and TransUnion. The latest VantageScore 3.0 model uses a range between 300 and 850. A VantageScore above 700 is generally considered to be good, while above 750 is considered to be excellent.
If you have fair credit, you will typically pay higher interest rates on loans than if you had good to excellent credit. The amount of interest, though, depends on the type of loan and the amount you are borrowing. For example:
For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750. Higher scores represent better credit decisions and can make creditors more confident that you will repay your future debts as agreed.
According to the Austrian Data Protection Act, consumers must opt-in for the use of their private data for any purpose. Consumers can also withhold permission to use the data later, making illegal any further distribution or use of the collected data.[5] Consumers also have the right to receive a free copy of all data held by credit bureaus once a year.[6] Wrong or unlawfully collected data must be deleted or corrected.[7]
Only apply for credit if you’re relatively confident you’ll be approved. Every application — whether you’re approved or not — can cause a small, temporary drop in your credit score, and those can add up. You don’t want to lose the points without getting the credit.
Don’t Get Discouraged: Even if you never reach 850, “merely” having excellent credit is an amazing achievement. It will save you boatloads of money over the course of your life. And it won’t ever stand in your way like a “bad” score. Plus, you may find consolation in the fact that having excellent credit means your score is higher than over 60% of people, according to WalletHub data.
Alternatively, consumers wishing to obtain their credit scores can in some cases purchase them separately from the credit bureaus or can purchase their FICO score directly from FICO. Credit scores (including FICO scores) are also made available free by subscription to one of the many credit report monitoring services available from the credit bureaus or other third parties, although to actually get the scores free from most such services, one must use a credit card to sign up for a free trial subscription of the service and then cancel before the first monthly charge. Websites like WalletHub, Credit Sesame and Credit Karma provide free credit scores with no credit card required, using the TransUnion VantageScore 3.0 model. Until March 2009, holders of credit cards issued by Washington Mutual were offered a free FICO score each month through the bank’s Web site. (Chase, which took over Washington Mutual in 2008, discontinued this practice in March, 2009.)[27]Chase resumed the practice of offering a free FICO score in March, 2010 of select card members to the exclusion of the majority of former WAMU card holders.
Keep your old debt on your report. So many people call their credit bureaus the week after they’ve paid off a home or car and try to get the debt removed from their report. But paid debt is actually a form of good debt that will boost your score—not lower it.
I had credit of 704+. About 5 months ago, (after struggling financially but paying the minimum due every month), I came into a small bit of money. Thinking of the interest that would be saved, I paid off two loans equaling about $7,000 – the balance of my only car, and the remainder of a personal loan I had taken out about 5 years ago. Now, the only thing left on my credit are 4 credit cards which, at the time, were nearly at their limits. Instead of paying them off, I decided to pay much more on them every month to bring them way down in balance. I have been paying about 3 times the minimum on the cards each month without using them.
It is very difficult for a consumer to know in advance whether they have a high enough credit score to be accepted for credit with a given lender. This situation is due to the complexity and structure of credit scoring, which differs from one lender to another.
Payment history has the biggest impact on your credit score. If you are behind on any bills, you should call the creditor and arrange to pay the past due amounts. After making your payments, you can request that the creditor rescind any reported delinquencies so they that will no longer show up on your credit report. While this may be the slowest step, it is essential to improving your credit score.
Where are you getting the scores? If it is a free credit score from Credit.com, it should have letter grades that show you which factors are helping your scores and which may be holding it down. That would tell you where to focus your efforts. It’s also a good idea to check your free annual credit reports
For others, the best way to establish credit may be to work with your bank or credit union to open an account with a small credit limit to get you started. Opening a secured credit card is another way to get started building your credit. Then, with time and good account management, a good credit history (and scores) will be within your reach.
The credit bureaus Experian, Equifax, and Transunion, are required to investigate any disputes that are submitted due to the Fair Credit Reporting Act. However, if they are too quick with the investigation, then the errors may still be on the credit report and may still read as accurate.
When you get married, your credit scores (or reports) won’t merge with your spouse’s. Joint accounts you share may appear on both of your credit reports, but your credit history will remain independent.
As long as you do your best to stay on top of your money and employ smart strategies to boost your score, you could see positive results in as little as 30 days. And that’s something worth bragging about.
See, there are a lot of different credit scoring models out there. Most follow a range of 300 to 850, but there are some exceptions, and, even if ranges are similar, the scores each model generates based on what’s on someone’s credit report can vary as well. So, pinning down a true average credit score can be downright impossible, but there are some markers out there that can give you an idea of where it may fall.
Under the Fair Credit Reporting Act, a consumer is entitled to a free credit report (but not a free credit score) within 60 days of any adverse action (e.g., being denied credit, or receiving substandard credit terms from a lender) taken as a result of their credit score. Under the Wall Street reform bill passed on July 22, 2010, a consumer is entitled to receive a free credit score if they are denied a loan or insurance due to their credit score.[28]
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Your payment history is the key factor that helps to determine your credit score. In the simplest terms, your payment history is based on how often you pay at least the minimum payment on your bills on time. However, some of the other factors aren’t so simple. The second most important factor is the amount you owe, which is based on the amount of credit you have available compared to the amount of debt you have. This is called your credit utilization ration, and it matters because lenders believe you are more likely to miss payments if your credit cards are maxed out.
Pavelka found out about his stellar credit score after he went shopping recently at Bass Pro Shop outside of Toledo. Pavelka is an avid hunter, and the store had a sale on a piece of equipment. Plus, if you used a Bass Pro credit card, the store would pay your sales tax, which would amount to more than $50 for his big purchase.
You might be — or there could be a big car repair, a medical emergency and a roof leak at pretty much the same time. Good credit does not have to be used, but it can be handy in an emergency. And there is, as you point out, a factor of ease and safety. Travel reservations and easier and more secure, and credit cards have chargeback rights that cash and debit cards do not. But it is absolutely not necessary to be in debt to maintain good credit.
You may have put your finger on the problem. Co-signing puts you on the hook for the full amount of your niece’s loans, and those will be considered debt obligations that you owe. However, it is possible to appeal a credit card rejection. Here’s information that may be useful to you:

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Continue paying down the cards. You don’t have to have an open installment loan to have good credit. Yes it helps, but credit mix is only 10% of the score while debt usage (utilization) is a much bigger factor.
Thanks for the link! that explains that. I should of just went for the full HELOC that I qualified for, and only borrowed what I needed. BTW The loan went into a garage and new roofing which gave me additional equity as well!
There is no requirement that says that you have to have a car, but if you do have one you need to be able to maintain it and if you can’t maintain it that means that you cannot afford one. Cars break down when they are not maintained so the money people think they are saving skipping maintenance always comes back to bite them in the end.
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Do you mean an authorized user? (A co-signer generally uses his or own good credit to help someone with little or no credit history get a card, while an authorized user is allowed to use an account but has no responsibility for paying it off.) And yes, your poor credit could hurt him. Another way to help him get a credit history would be to get a secured card. Here are a couple of Credit.com resources that may be useful to you:
Maximize Your Available Credit: Credit cards are the best credit-building tool available because most people can get approved for one. They all report information to the major credit bureaus on a monthly basis, and they don’t have to cost you a thing. As long as you pay your bills on time and avoid spending more than you can afford, your credit reports will fill with positive information, and your credit score will improve. And you can help things along by keeping your credit utilization below 30% – or even below 10% if you’re really aiming for perfection.You should also consider becoming an authorized user on a family member’s credit card account. Assuming your relative has good credit or better, his or her standing will effectively rub off on you and accelerate your credit-score gains.
Even if you can only afford to pay the minimum, always pay on time because that will have a bigger impact on your score than the amount you pay, Detweiler says. Set up automatic bill pay through your credit account or bank account so you don’t miss a payment.

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