FG Guide on How to Repair Your Credit

**Meya** · March 30th, 2008, 07:24 PM

After browsing through previous posting, I stumble across a useful link that was provided and wirtten by FG. I found it very interestng a couple of months ago and I wish that I could have read this years ago.

For those of you looking for ways to repair your credit, "STOP AND TAKE A LOOK AT THIS RESOURCE FIRST!" You will be amazed to find out what you can do by yourself instead of paying costly repair fees and being scamed by some fake-repair-credit-crook. I hope you find this useful. If anyone has found this to be useful, please respond to this thread, I know it will be useful for others.
http://www.financeglobe.com/Finance/CreditRepairGuide/

**crirep2** · April 2nd, 2008, 05:42 PM

I'll be honest with you Meya, most people do not know what they are doing when they attempt to "fix" their own credit.

People should not do it themselves because they end up making things worse. Secured cards are not the way to go either, there are other methods.

People need to pay off in full their bad debts, start with the smallest first and work your way up. Then once all your bad debts are paid off then go and apply for new credit.

**Meya** · April 2nd, 2008, 09:21 PM

Well that is why I thought the resource was helpful. There are some agencys that does no more than what you can do yourself. You are correct about paying off your debit, but there are some people who can not pay off their old debit because the debit was too large in the first place. I know that is going to be a long road, but it is better for individuals to learn how to do things for themselves to save money and gain financial responsibility. That is the way I had to learn, by paying for my mistakes. I will be honest with you also, I just let mines fall off because I had to many baddies which would require help from Bill Gates and Donald Trump.

**crirep2** · April 4th, 2008, 12:19 AM

I have seen that most people are too impatient to wait for them to fall off.

Watch out just because it falls off does not mean they cannot file a judgement and extend it out a new 7 years. They re-age sometimes too.

**Meya** · April 4th, 2008, 01:10 AM

I see that, one creditor is starting to do that to me as we speak, but we have laws that will fight against that (in certain states).

**rccola71** · April 4th, 2008, 06:25 PM

Meya, I know you say people can repair their own credit. But what about those people who would rather go to a credit repair clinic? Are they all scams or does anyone know of a reputable firm? I see lots of adds for Lexington Law. Any thoughts anyone?

**stiletto** · April 4th, 2008, 11:19 PM

Meya, how long did it take for you. I am also just letting some of mine fall off. But it seems like it is taking forever.

**Meya** · April 5th, 2008, 02:26 AM

4 1/2 years for me and I am still waiting for just one to fall off. We did the same thing, lord help us!....lol.

**ceprateek** · April 5th, 2008, 04:25 AM

Originally Posted by 100008

4 1/2 years for me and I am still waiting for just one to fall off. We did the same thing, lord help us!....lol.

Its really a bad situation and also for one of my friend it took around 6 years

**Meya** · April 5th, 2008, 11:45 AM

Originally Posted by 101159

Meya, I know you say people can repair their own credit. But what about those people who would rather go to a credit repair clinic? Are they all scams or does anyone know of a reputable firm? I see lots of adds for Lexington Law. Any thoughts anyone?

Really, you can do it yourself. All you have to do is pull your own report, sit down with a cup of coffee (from my opinon) and check off all the ones that should have been removed according to SOL (statue of limitations). If you see some that are on their way to fall off in aobut 1 or 2 years, leave them alone, for the ones that are going to be there for a while, you can calll up the company and make a deal with them, when you two have came to an arrangement. Along with your agreement, you make sure that tell them, "If I make this payment you are agrreing to remove this from my credit report." Some will, some wont, but get it in writting! make sure that you use a check to pay them and in the memo area you put down, "PIF (or payments) with agreement to remove from credit report".

You don't need anyone to do something that you already know what to do. The clinic's did not establish you are credit report, you did. The clinic's did not mess up your report, you did. The clinic's have to follow the laws in order to help with your cr, and YOU DO TOO!

**countrifie** · April 6th, 2008, 12:47 PM

My wife has horrible credit from a previous marriage. We are trying to rebuild her credit but aren't sure how to go about it. She has paid everything that was owed except her ex husband still has a house with her name on it that he gets late on. She hasn't been approved for any new cards to try to prove she will pay. What can we do?

**happylady** · April 10th, 2008, 12:01 PM

Hello everybody,
I am re-posting this here - thanks Meya for the link to this post. I got a few great responses where I originally posted - thanks everyone for the warm welcome!

Hi everyone,
I am a new membe?r - just signed up today! I was online applying for a "pre-selected" offer from Citibank and stumbled upon this site. What a great site!! I am trying to rebuild my credit after years of being stupid!
I got a secured card from B of A in September of 2007 ($300). I haven't been late and haven't gone over limit although I had to charge a couple of cell phone bills on there (ouch!) so my available credit is only about $50. Then in December of 2007 I got approved for a Capital One card ($300) that just increased to $500 this month. I am excited about clearing my credit so I want to subscribe to one of the credit monitoring things (?) where you can get daily access to your scores and reports. I got my "free annual report" last month but did get my score. The last time I DID check my score (with Experian) it was 560 but that was Jan 2007. Which one of those credit monitors is the best? Sorry for the long post...thanks for reading.

**Meya** · April 10th, 2008, 05:07 PM

HJM331 Response to Happylady :

Hello there happylady! I use freecreditreport.com. It's $12.95 a month and you can pull your Experian report ONLY once a day. I like it because they're info is pretty accurate when compared to the myFICO reports. Remember, when you pull your report, you get a score. The score that lenders look at is called a FICO score. You can purchase the score and report for every bureau for approx. $16 a pop.

However, if you want to look at your report daily, the freecreditreport.com should do the trick.

HJM331
ONLINE ORIGINALLY Posted: 10 Apr 2008 12:46

Happylady Response to HJM331:

Thanks hjm331 for the info. I will check out that site. So for freecreditreport.com you can only check Experian daily?

**Meya** · April 10th, 2008, 05:14 PM

I must ask for forgiveness for future dumb questions I may ask!

Uhhh, I don't know what dumb questions mean do you hjm331? Unless it is the ones I was asking about and got questions to....lol. Happylady there is no dumb questions here, you are hear to get info and that is what you are going to get. If we have to search the internet for you, then that is what it is going to take. You questions are cool and very interesting, I know how it is becasue I am actually just like you. I just had to learn how to keep my hands off the Love Button!

If there is anything else you want to know just go for it and we will be right here with ya!

**happylady** · April 11th, 2008, 10:37 AM

Meya,
Thanks for the encouragement it's much appreciated!

So I went and got my FICO score from MYFICO.com...I am at 560 which I guess I was hoping it went up a little since that's what Experian had it at from Jan 07. But I did just open my Cap1 acct in Jan 08 so I think that maybe that has something to do with it. According to the Equifax report I got with the FICO score i have 2 collections...
1 for $415 (I feel so stupid!! ) from old First Premier CC
1 for $848 old cable bill (My level of stupidity is going up as I type)
The First Premier CC is showing I have 2 30 day lates and 1 60 day late (from 2003). How long will these lates show on my report??
I still would like to sign up for a monitoring service...I read through some of the other posts and I see that either truecredit.com or freecreditreport.com seem to be the most popular. Which one is better?? I would like to be able to have access to all 3 of my report and scores on a daily basis. From what I read both of them offer that. But which one is easier to read/has better customer service/most accurate scores...those types of things?? I really want to be on top of my credit from now on!! I am glad I found this site!