Apr
So, I used to be really bad with money, but now that I have a good job and am just more responsible in general I have paid ALMOST everything off. I have been told not to let the creditors bother you (which they dont) but I just want to make sure that it's a good thing I'm still paying off all the old stuff on my credit report. My main debt is a credit card that had a limit of 250.00 like 8 years ago, and never paid a cent on it. SO, it was up to care about 1500 in charges and interest over the years. I have been paying it off because I want to clear things up, and want to own up to it, but I just want to make sure I'm not doing this for nothing. There are a couple other 70 and 80 dollar charges for past comcast bills or whatever that I would like to pay off too. How much will this change my credit score? LOTS of questions, but I'm just trying to be responsible. Please give me some advice! THANKS SO MUCH.
Answer:
Paying things off is a good begin. There are a lot of things that can effect your credit, collections, too many inquiries (applying for too many credit cards or loans), length of time you've had credit, foreclosures, the amount of debt you have in your name, things like that.. Things that go to collections can take up to seven years to come off! My hubby just got out of a divorce and his ex was horrible with money. His credit was horrible!!! Get a free credit report to see what you still have on your name, then make sure you pay off everything that’s causing problems. Mostly what you can do is to make sure that you don't let anything get behind. Continue to get a free credit report each year. Make sure you make payments ON TIME. When you apply for a loan (such as a automobile loan) if you make sure that none of the places check your credit until you are within thirty days of buying your car, then it will go on your credit as one inquiry (thus not effecting your credit as much). There's a TON that I learned about credit trying to help my hubby get his out of the hole it was dug into. Get on the web and research, go to the library, they’ve tons of good books! Above all, just keep going and know that every day it will get superior. Little by little! Good Luck!
Answer:
Pay off all your old bills ASAP. Sacrifice if you’ve to, to get it done sooner. And keep up to date with your current bills and debts. When you're all caught up, your score will begin to improve over time. Not right away because you’ll still have some slow or late pay accounts on your records. But over time they’ll drop off and your score will improve. The sooner you pay debt down, the sooner that clock starts ticking.
Answer:
The first thing you need to do and is get a free copy of your credit report if you haven't already. Also there is a web site with good tips and information on how to improve your credit and who you can trust to help you. The link is below.
http://www.adviceontime.com/Credit/Credi…
Answer:
What will change your score is both paying off your old bills, and paying All your bills on time in the future. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList