Thousands Now Succeed With credit repair Who Never Thought They Could | Keansburg NJ 07734

I have been working on repairing my credit for years. Finally I get a good score working on excellent. Then, I get a letter from an old credit card debit that I started 14 years and thought that I had satisfied the debit until I get a letter claiming I still owe $2,000 offering a selllement of $1,000. I asked who the were and to prove that I still owe them. Nobody has contacted me in 7 years about this debit. They gave me 30 days to resolve it. What can they really do with an 7 years of old debit that nobody has contacted me for so long?
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YES> The bank doesn’t care and it builds credit without having to pay. Anyone can fix their credit score for free! All you need is a little self education. People say “YOU” need a credit card for emergencies… BS! Good credit and a good credit union will beat a credit card any day of the week!!!
It is hard to get accurate late payments removed. Sometimes consumers will dispute them, and if they aren’t confirmed they will be removed. But even if they remain, over time they carry less weight. Please read: How Long Does It Really Take to Improve Your Credit?
In general, a FICO credit score above 650 is considered good, although many people strive to be above 750. It is practically impossible to score a perfect 850 FICO score because there are a lot of different items from your credit report which go into calculating your FICO score. Keep in mind that different lenders (mortgage, credit card, automobile loan) will use different methods of credit scoring to assess your credit risk.
Credit bureaus also often re-sell FICO scores directly to consumers, often a general-purpose FICO 8 score. Previously, the credit bureaus also sold their own credit scores which they developed themselves, and which did not require payment to FICO to utilize: Equifax’s RISK score and Experian’s PLUS score. However, as of 2018, these scores are no longer sold by the credit bureaus. Trans Union offers a Vantage 3.0 score for sale to consumers, which is a version of the VantageScore credit score. In addition, many large lenders, including the major credit card issuers, have developed their own proprietary scoring models.

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Credit cards and loans can affect your credit differently. Credit cards are revolving accounts whereas most loans are installment accounts. A mix of different types of accounts can be useful. Do you have any credit cards or loans now?
I love this question, because it allows us to discuss the underlying economic way of thinking about personal finance in general and credit scores in particular. In economics, we weigh costs and benefits and assume rational decision-makers will only choose to do those things for which the benefits exceed the cost. Further, we make decisions on the margin considering only the next choice, not all or past choices.
Below, you can learn more about the average credit scores by year, state, age and more. Reviewing these credit score statistics will give you a better sense of how good your credit score is relative to those of your peers. Credit-score averages can also tell us a lot about the health of consumers’ finances and the strength of the economy.
It sounds like you are taking the right steps. As the information gets older is does have less impact. Have you obtained your free credit score from Credit.com? If so I’ll be happy to try to help you understand it.
I have a 731 credit score and I just turned 21, never got any loans besides a student loan which I started paying automatically in November of last year, my credit history is just over a year old, had several late payments and maxed out one of my 2 credit cards yet my score had went up from 674 in January to 731 in April…and my credit lines doubled…all I did was make most of my purchases with my credit cards and pay the entire thing every couple weeks.
I had the same problem! I saw that  my credit score was high so I was thinking hmmm why not go and apply for a credit card, thought I could manage it but then temptation got out of hand. So my credit score is EXTREMELY low, very shortly after opening up the accounts. Its good to know that if I just pay off the balances and keep the balance lower than 30% my credit will shoot back up 🙂
There are a lot of people out there with incomes into the six figures that have bad credit. The reason is not that they don’t make enough money or that they aren’t saving enough. The reason is that they have made bad choices with their debt.
i don’t understand how i have a 671 score on experian, a 745 on transunion, and a 756 on equifax. experian says i have 12 late payments, that i don’t see on my other credit reports. i am not understanding this at all. if i buy something for 5.00, my score goes down, debt ratio goes up? what is going on? i have 100% payment with transunion and equifax, which is excellent with them, but experian gives me a f, for payment history! really? you cannot win. you will only win when you die! terrible!
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Because simply paying your bills isn’t enough to show that you are ‘worth the risk’. You have to have loans… a car payment, a mortgage, a few loans from your bank. At the same time, you have to keep a decent debt to credit ratio, ensuring you still make enough compared to your debt to be able to afford more debt.
Very similar beginnings you and I. The medical bills ALWAYS GET PAID LAST. Bro, if your at 639 I am sure you have learned enough to stop paying that $100 a month. Here is a trick to boost the score without adding debt and costing WAY less. Join a credit union. Do you own a car? it doesn’t matter… Join the CU and take out 12 month loans of $1500. Once you get the loan put it in the checking account and FORGET IT IS EVEN THERE. Set the payment so it is auto drafted from your account and just make sure you remember to deposit the interest. repeat the following year. If you can get a no fee credit card or maybe a $25 a year CC that you WILL BE ABLE TO PAY IN FULL EVERY MONTH. Use the CC like you would your check book. Balance and DO NOT buy what you do NOT need. Pay in full every month. WAIT! Want a free lunch? lol On that card it is a MUST to leave a small balance. The bank has to get something from you… Take the wife and kid to a fancy restaurant like WENDY’S…lol…. Try to carry a 60-70 dollar balance. Good Luck! my oldest just turned 18. I always worried about raising them, not letting them go.. Peace OUT!
When you start analyzing the average credit score in relation to an individual’s income, you can see that the higher the income level, the higher their average score may be. Likewise, a lower income level may be indicative of a lower average credit score.
But your credit reports don’t reflect whether you can afford to repay the credit you are applying for. That’s why your income and other debts play a key factor in some lending decisions, as lenders consider what you owe alongside what you earn and assets you have accumulated. Lenders use a debt-to-income ratio calculation to evaluate whether you can repay a loan.
Paying on time is the No. 1 thing you can do to help your credit score. The second is keeping debt levels low. Ideally, that means keeping the balances on your credit cards at less than 10% of your credit limit. (Thirty percent should be as high as they EVER get.) If yours are higher, you could lower them one of two ways. You could ask the creditor for a higher limit (no guarantees this will work, but it sometimes does) or you could pay the cards down until you are paying off the balance each month. You can read more here:
Considering that if you took all the credit card debt in the U.S. and spread it out among all the households, each household would be over $15,000 in debt, it is tempting to think that most American’s have terrible credit.
My credit was excellent and then I decided to get a new car, motorcycle & some of those cc’s with good points, rewards. That dropped my score down to bac down fair at the moment! I have quite a few cc’s and all are paid in full each month. So I know my score will go back up. Actually, I”m trying to raise it as high to 850 as I can. It seems after following these forums, you can see what you need to do to have an excellent score. I had a mortgage a couple cc’s. Not enough to get that “excellent” score. I’m starting to see they want you to be able to “handle” your credit very wisely. A higher cl but a very low utilization seems to do the trick with a various mix of loans. Thanks everyone for your input. I would be stuck in the 600’s forever if I didn’t start reading this forum!
Failure to repay your debt as you originally agreed to do can negatively impact your scores. From missed and late payments to charge-offs, collections, and settled accounts, you will find many things that can impact you if you are not careful.
Talk with a consumer law attorney. You may have a case for credit damage and their actions may violate debt collection laws too. California in particular has a strong state law – the Rosenthal Act – in addition to the federal Fair Credit Reporting Act.
Pride cometh before a fall, my dear. I know. I was like you at one time and never ever would I’ve thought my credit would sink to what it is today. Today, I am a more humble person as I work to re-build my credit.
The higher your credit score, the more likely you are to get approved whenever you apply for credit, and to qualify for the best terms and rates on any money you borrow. If you’re starting out from “good,” you can move your scores into the realm of “very good” or “exceptional” for an even better financial outlook.
Your credit report, however, does not include your credit score. You must pay to get that, generally $8 to $10. Instructions are included when you get your free report. If you’re checking your report and score for the first time in a long time, go with Equifax.
With regard to the first part of your question, this story may help: Credit Deja Vu: When Negative Information Keeps Showing Up on Your Credit Report and with the second one this may help: Four Medical Bill Myths That Can Cost You Dearly
My credit was destroyed early on during my time in the Marine Corps (hello predatory lending) somehow, My score is in the “good” range, yet I’m still turned down by Ebert credit card I apply for. And I don’t apply for many because of that reason. Pretty soon I’ll be down in the depths because of student loans. Hopefully I can get a job out of college (I chose a skill that is actually in demand -computer science) instead of a liberal arts degree that is not usable in the real world.
When you get your FICO score from Experian, you’ll also get a list of the factors that are impacting your individual score the most. Tackle these personal factors first to see the greatest improvement in your credit score.
There was a time when banks were reluctant to give home loans to Americans. Thanks to FHA loans, many Americans got the opportunity to buy a house. Buying on credit used to be something you did at your local general store or department store—and you had to build a relationship of trust with the managers of the store before you got that kind of deal. I think our modern generation doesn’t understand why credit is a luxury rather than an entitlement. It’s still a system of trust—-although it has been tainted by the mortgage scandals of the late 2000s. The older generation of Americans saved up their money and bought stuff with one payment. Credit cards didn’t exist. We are very lucky to have access to credit, but it’s not a necessity.
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You’re seriously overlooking the whole point of what banks are doing. Your statement proved exactly why you are considered high risk. You had a high paying job, and bought a home and car that reflected that HIGH PAYING JOB income. Then you lost your high paying job. AND HAD NO WAY TO KEEP THE SAME LIFESTYLE. Aka you didn’t prepare for what the future could potentially bring. That by definition is A RISK to a bank. I just got a six figure job. Does that mean I go buy an even more expensive house right now? HELL NO. Because guess how much trouble I’m in when I potentially lose that job? It would spiral downward exponentially faster. Guess when you can go get that even more expensive house? When you have enough backup money saved up for any amount of long term you could potentially be “out of work” while achieving another position of equal value.
Tom Pavelka, an assistant district director at the Department of Labor’s Office of Workers’ Compensation in Cleveland, has no doubt that some of his ability to manage his finances easily stems from the fact that the couple have no children — just Freddie, a cat from a shelter. They can charge a couple of thousand dollars on a credit card and easily pay it off the next month.
Court Judgments: A civil court judgment will be removed from your credit report after seven years from the filing date. When you pay the judgment amount, your credit report will be updated to reflect the status, but the notation of the judgment will remain for the full seven years.

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