Comments on: How do you improve your credit score if you have poor credit and new accounts? http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/ Free Credit and Debt Information Fri, 18 May 2012 15:15:12 +0000 http://wordpress.org/?v=2.7 hourly 1 By: E-Rock http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-873 E-Rock Mon, 01 Jun 2009 03:27:32 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-873 Lenders are like scared little kids... they rely on what everyone is telling them, and your credit report says it all. If you were to lend me $50 and I never paid you back... will you ever lend me money again? What if I tell all my friends...will they lend you money? Your credit report conveys this information, faster than girls spread cooties. If you have negative items, contact the people you owe and tell them you are willing to settle on the debt (offer them 40% of what is owed) create a letter for them to sign off on that states you want all negative items removed from your credit report and a letter stating that everything was PAID IN FULL (not settled, or settled as agreed). Once you settle, contest the listings on your credit report with all the credit bureaus: Equifax, Experian, and TransUnion. Then begin to pay large amounts toward your active credit cards... NEVER spend more than 40% of the credit available (if your credit limit is $1,000 - dont go over $400 on the card). always pay your bills on time (not late)... then it takes time and you should begin to see your credit score rise... 35% of your score is debt to income (what you have borrow vs what you are allowed to borrow) 35% is payment history (something you need to get cleared up) 10% length of credit history (so dont close accounts you have paid off) Hope that helps Lenders are like scared little kids… they rely on what everyone is telling them, and your credit report says it all.

If you were to lend me $50 and I never paid you back… will you ever lend me money again? What if I tell all my friends…will they lend you money? Your credit report conveys this information, faster than girls spread cooties.

If you have negative items, contact the people you owe and tell them you are willing to settle on the debt (offer them 40% of what is owed) create a letter for them to sign off on that states you want all negative items removed from your credit report and a letter stating that everything was PAID IN FULL (not settled, or settled as agreed).

Once you settle, contest the listings on your credit report with all the credit bureaus:
Equifax, Experian, and TransUnion.

Then begin to pay large amounts toward your active credit cards… NEVER spend more than 40% of the credit available (if your credit limit is $1,000 - dont go over $400 on the card).

always pay your bills on time (not late)… then it takes time and you should begin to see your credit score rise…

35% of your score is debt to income (what you have borrow vs what you are allowed to borrow)
35% is payment history (something you need to get cleared up)
10% length of credit history (so dont close accounts you have paid off)

Hope that helps

]]> By: Pay No Taxes For Life http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-872 Pay No Taxes For Life Sun, 31 May 2009 22:47:53 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-872 You need to talk with a trusted mortgage advisor who can help you with your situtation. This site has many reports that will most likely answer most of your questions -- You need to talk with a trusted mortgage advisor who can help you with your situtation.

This site has many reports that will most likely answer most of your questions –

]]> By: Chelsey L http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-871 Chelsey L Fri, 29 May 2009 14:03:50 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-871 Make sure that your credit card never goes over 75% used (1,000 limit.....$750 max) The credit bureaus start penalizing you for any type of revolving credit that maintains a balance of 75% or better. The best way to build your credit up fast is to use your credit car for something small, and then pay it off as soon as you get your bill. Do that for 6 months and there will be a huge improvement in your credit score. Also everytime you apply for credit it lowers your beacon score by approximately 7 points, so don't be a credit seeker. Freequent job changes and address changes also negatively impact your credit score. Hope this helps :) Make sure that your credit card never goes over 75% used (1,000 limit…..$750 max) The credit bureaus start penalizing you for any type of revolving credit that maintains a balance of 75% or better. The best way to build your credit up fast is to use your credit car for something small, and then pay it off as soon as you get your bill. Do that for 6 months and there will be a huge improvement in your credit score. Also everytime you apply for credit it lowers your beacon score by approximately 7 points, so don’t be a credit seeker. Freequent job changes and address changes also negatively impact your credit score. Hope this helps :)

]]> By: U dont want 2 know http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-870 U dont want 2 know Wed, 27 May 2009 23:02:07 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-870 A free way would be to go and apply for something you know you will not be approved for and they will mail you something saying not approved and w/in 60 days you are able to recieve a free credit report. Just do that and once you get the report you can slowly pay off what you owe. A free way would be to go and apply for something you know you will not be approved for and they will mail you something saying not approved and w/in 60 days you are able to recieve a free credit report. Just do that and once you get the report you can slowly pay off what you owe.

]]> By: Richard H http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-869 Richard H Wed, 27 May 2009 05:16:08 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-869 Pay your balance IN FULL each month, and pay it ON TIME. Don't spend very much on yor CC. Pay your balance IN FULL each month, and pay it ON TIME. Don’t spend very much on yor CC.

]]> By: Cyberbrat_9 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/comment-page-1/#comment-868 Cyberbrat_9 Tue, 26 May 2009 18:40:51 +0000 http://creditconnectpro.com/how-do-you-improve-your-credit-score-if-you-have-poor-credit-and-new-accounts/375/#comment-868 Don't charge too much...make your payments on time...pay your bills on time...take care of outstanding debt... Don’t charge too much…make your payments on time…pay your bills on time…take care of outstanding debt…

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