4 Responses to “how do i repair bad credit that happened while in the military?”

1. Anjell on October 1st, 2009 3:41 am

   Hey CJ– well good on you for attempting to clean up your report (some folks never bother yanno) Anway you’ll need pen, paper and about 1-2 months to get things moving in your favor. Here’s a few tipe and good luck!

   1. Order your credit reports from the 3 bureaus
   http://www.equifax.com
   http://www.experian.com
   http://www.transunion.com
   If you’re ordering for the first time, get your score (for a fee) from Equifax as their scoring matters most.

   2. Make copies of your report and put the originals in a binder. On the photocopied reports use a highlighter and check for any incorrect, outdate, false, etc…info

   3. Download a dispute letter(s) from the credit bureaus website and list anything that is wrong. Mail them to their office(s). They have 30 days to reply.

   4. If they will not remove something that is not yours or too old (> 7 years) as them for a debt validation. This may take an additional 30 days.

   5. Once the ‘baddies’ come off, take care not to let any of your other accounts fall into that predicament.

   6. If you haven’t already make sure your existing accounts are current and paid on time ALWAYS.

   7. Get a secured credit card with http://www.capitalone.com or http://www.mastercard.com for like $500-1000 or more if you can and use it sparingly. Charge like $50 on the card each month and pay it in FULL and on TIME. Make sure you do this for a minimum of 6 months so that you estabish a positive repayment history.

   8. Problem with just letting them (collections) ‘fall off’ is that they may never. You may get sued before that…that’s where you suddenly get a summons to appear in court and a judgment for collection against you.

   For collection items…pay them but get a ‘pay for delete’ from the collection agency in WRITING…they’ll delete it after you pay and it will help your credit score
   References :

2. Lola B on October 1st, 2009 4:17 am

   Your credit score is your financial report card, and it tells creditors and lenders how likely you are to repay your debts. When looking to apply for a home or auto loan, or even when trying to get a job, your credit score can dictate being approved or accepted for the loan or job you want. Bad credit repair services provide consumers with the opportunity to repair bad credit fast. While it is entirely possible to raise credit score completely on your own, a bad credit repair service can make the process quick and painless, which will help you get the loan you need. The advantage of using a credit repair service is that by evaluating your current credit report, they can quickly assess the areas to focus on that will improve fix credit scores the fastest.
   The goal is not to fix everything, but focus on those areas that will have the greatest impact. Bad credit repair services generally can get the paperwork pushed through faster as well. Legally, a credit agency has 30 days to review and correct any disputes that are brought to their attention, but a bad credit repair service can make that process happen a lot faster. The downside is that it will cost you.
   They may charge by the hour or they may charge by the number of corrections and types of corrections that need to be made.
   If you are seeking professional help to consolidate or eliminate debt, that may also cost you, but not so much in fees. By settling loans, the lender will likely add a note to your credit report that you sought out professional help to get out of paying your loans. While this in itself will not affect your credit score in a negative way, other lenders who see this notation may view this as a red flag and may choose to not do business with you.
   References :
   http://financeinfo4all.com/bad-credit-repair-services-facts.html

3. walkthisway2009 on October 1st, 2009 4:54 am

   You can dispute items but you could also take other steps to improve your score. Have you considered using one of those authorized user tradeline programs. They are very affordable and would get you well on your way to having better credit. My mom used it and not only was able to open other accounts, but her score jumped 51 points. Check out the free evaluation form at http://www.totaldebtsolutionsllc.com They can help with credit repair as well.
   References :

4. admin on October 3rd, 2009 7:17 am

   Credit Repair Services can be done by the consumer, just like a consumer can clean their own teeth or change their own spark plugs. With that said, there is a level of expertise that is involved and anyone who says otherwise does not know how to do it themselves or they spent days and months learning. You can do it yourself but be ready to spend many hours on a process you can pay $500 for and have it done correctly.
   You can email me at info@beaconcreditconsulting.com if you would like some help.

Leave a Reply