Bad Credit No Credit Who Can Really HELP???

From what I have been told, there isn't really any good help. Not unless you are declaring bankruptcy (which totally ruins your credit). We were told that our best option is to keep plugging along and doing the best we can. I don't know what your problem is specifically. Ours is credit card debt. We were told to pay as much as possible on the highest and the minimums on the others. Then when the highest was gone, go to the next. It's not a fast solution, but the best for your credit. A lot of "debt consolidation" places help you out by having you intentionally get behind if you aren't already so they can convince the card company to make a deal. It just makes your credit worse. As for other financial issues, I have no idea. We own a home, but we are current on payments and we don't have any other problems. Other people can help, but no one can fix your credit. Most solutions will initially make it worse. Paying over time sucks, but it builds your credit back up.

1 mom found this helpful

Hi A.,

I was a credit manager for many years and there is no way to fix credit except good payments and time. Being in the credit industry so long, I know how greedy it is. They will take advantage of you at every turn. I left the industry because I could not morally keep pushing the envelope. We never did anything illegal but I felt like I was sitting on the fence with ethical issues.

My husband and I only use cash now. If we can't afford it we don't buy it. We don't even have a credit card. It's been great for our family and a good lesson for my kids.

Believe me, the time goes by quickly if you just take it one day at a time...and then if you want to use your good credit, it will be there.

God bless and have a wonderful Christmas!

M.

1 mom found this helpful

I went thru Beacon credit repair. She did the job, got lots of junk removed!! I know several people who went thru them,including some of my other family members and a few other co-workers. They really work. Contact Paula at 877-999-3353. They also have a website http://www.beaconcreditrepair.com/. you can choose from 6 mnths of service to 12 mnths. They break up the payments, and you can even have a couples package, where she will work on you and your spouse or significant other. I raised my scored 125 points on her 6 month plan.

I honestly dont think there is much ANY service can do that you can't do on your own. What exactly is the problem with your credit? Missed payments? Too high balances? bankruptcy? Foreclosure problems? Errors in reporting?

Order a copy of your credit report and look carefully at it. Be sure that they haven't got errors. If they do, send a letter, certified mail (return receipt requested) that it is wrong and that they need to correct it or remove it completely from your report. You will need to get/do this with all of the "big three" (Experion, TransUnion, and Equifax). Then, pay your debts on time. Do NOT be late. If you cannot do this, then you have problems bigger than bad credit. You definitely need to be on a budget. If you haven't checked into Dave Ramsey, then I would highly recommend you do.

Pay off your debts (after you have paid the house payment, lights, and food) smallest to largest. If you can't afford your house payment, then you may have to consider drastic changes.. like moving.

I don't know if this is much help to you, but remember this: the only reason you need "good" credit, is to take on more debt. If you can't afford what you already owe, then you don't need more debt.
Good luck.

How to repair your credit classes offered at 401 N Rosemary, downtown West Palm Beach, FL 33401 every Friday from 5.30 to 7.30 pm. $20 at the door one time fee. Obtain free credit report at annualcreditreport.com and bring it to class. (No class on 25th and 1st, class resumes January 8th) M. & Carol.

I don't know what all needs to be fixed with your credit. If you just don't have credit (my problem haha) then you can look into getting a secured credit card, which means you pay the bank an amount of money upfront, which becomes your credit balance. Use that for a year or so and with good payments it will increase your credit score.

If you have old debts that have hurt your credit, get a copy of your credit report. For each debt, call & find out what you can settle for and pay it. Work your way through the report whenever you can pay something off.

Dave Ramsey is also a good source for how to fix your credit. He's got a baby steps program to pay off credit card debt.

Good luck!!

I am an expert in Credit Restoration and Education.

I have 20 yrs in Finance and Mortgages and have the 1st of 4 books coming out about Credit and Debt issues.

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I have educated many attorneys about the laws that protect us regarding our credit etc....

Regards,

A.