A Checklist For Repairing My Credit Score
If you have poor credit and want to do something about it, it’s usually just a simple matter of following a specific step-by-step procedure that will ensure a relatively quick and hassle-free improvement in your credit score. But it is important to have a plan in place and not just get your current credit report and start making phone calls to the company’s have reported derogatory entries. Here’s a simple checklist for how to improve credit score:
1. Request your free copy of your current credit for. Federal law mandates that every person is entitled to one free copy of their credit report from each of the three major credit reporting agencies each year. Take advantage of this and stay current with what is on their credit report. This way you can be proactive and quickly remove any items any accuracies (which are more common than you think).
2. Get a “big picture” view of the credit repair process by buying a credit repair guide and reading through it thoroughly. There are several guides available, and one in particular called “Credit Secrets Bible” is probably the most popular one. It is written by experts in the credit repair business. The step-by-step instructions in this guide show you clearly how to analyze your credit report and fix those items on it that are adversely affecting your credit score.
3. Avoid companies that make promises of improving your credit score for a fee. There’s nothing that these companies can do that you can’t do yourself as long as you have the proper knowledge. You can easily obtain this knowledge by using a guidebook such as the “Credit Secrets Bible” guidebook mentioned above. The vast majority of companies that claim they will improve your credit score by a certain amount basically are preying on individuals either don’t want to take the time and effort to improve your credit score or think they have a choice because the system is overly complicated and they would never be able to understand it. These assumptions are both erroneous.
4. Once you are armed with your credit report and a good guidebook on how to analyze and start to improve your credit score, take action. The first time you go through this process it may be a fair amount of work if your credit score is low and you haven’t ever gone through the process before. These days, a “low” credit score is anything below 600. It does you no good to get your credit report, in a guidebook, and then do nothing with it. So be sure you are ready to put some effort into this because in the long run it will be well worth the time you spent on and if you do it each year the entire process shouldn’t take more than a few hours.
The above four simple steps should keep your credit score stable and allow you to take advantage of more attractive interest rates, or even get loans that others can’t get, because of their poor credit scores. So remember, repairing your credit score is not difficult process just takes the test of time and effort but will pay off big dividends with your ability to borrow money attractive interest rates.
Bad credit car loan help?
My FICO is 580-610, depending on the bureau. I am in the process of repairing my credit (I have paid down my debt by over 2k in the past few months), but am in need of a new car now because the one I drive has become unreliable.
Here is some info about my situation:
- I do have some recent delinquencies on credit cards, but have never been late on a car payment.
-I have been at my current job and residence for 2.5 years. I make 50k/year.
-My credit card payments total $475 each month.
-After my trade-in, I will have somewhere between a $4000-$5000 down payment.
-I would like to purchase a car that is between 15-20k, so I will need a loan for 10-16k. Even with the astronomical interest rates I will likely receive, this should be a $300-$350/month car payment (I can afford this on my income).
Here are my questions:
-Will it be difficult for me to get a loan for this amount? I do not have a cosigner.
-Any suggestions for where I should look? Any banks or dealerships? I’m in L.A.
Clarification: By L.A., I mean Los Angeles, no Louisiana.
Does the box have to be marked off on the Buyer’s Guide for a used auto purchase for it to be an as is sale?
I need a professional opinion. Me and my fiance have been searching all over. I found many sites that posted the box has to be marked either “As is” or “No Warranty”. We’re wondering because the sales rep just had him initial above the “As is” box. Would that hold up in court or do we have a case since he didn’t technically check off the box. There’s some other things he didn’t do like his math is horrible. He’s nearly $1,000 off in the balance. And he sold us gap insurance which I was told we didn’t even need. It was just something they sell to make more money on those who don’t know any different. Can you help us. Do I have any kind of case? Because if we would have had the warranty like the dealer gave to us and took away we would still have our car and be making payments. No thanks to him, we lost our job due to an infuctional vehicle, lost our car due to lack of funding and had to move out of our place. Now thankfully we’re back on our feet and have a home and new vehicle. But my fiance has bad credit and we were scammed. Any suggestions. We’re hoping they sue us soon so we can take them to a legal court room and get the money back we so deserve. Any suggestions on getting them to sue sooner?
Thanks.
Lisa
Actually it was there fault. Within a month or so the radiator and the transmission to the car failed. I’d say that they knew about this and didn’t care. For $10,000 that’s pathetic. I now have a car I only paid $900 for. We only had to do minor repairs so far. Crossing my fingers. But I guess I will have to chuck up a loss and say I will only deal with independant people from now on. That just sickens me. And you sir, I assume from your total lack of regard and respect for the common man or woman must be a car dealer rep yourself. How do you sleep with yourself at night doing this to innocent people?