Can you help me improve my credit score?
Ok, so, I owe money to two cell phone companies and one car insurance company. All together sums up to almost $1000. Is that really bad on my credit? Will that prevent me from getting hired? My plan is to order my credit score and pay this debts. What is the process? I just want to pay in full what I owe. I want to contact them and give them their money.
Public Comments
- Are you smart enough to listen to some good advice from someone who’s been where you are? I’m betting you are because you’re seeking information on how to improve your credit score, which is a very smart thing to do. http://www.worldbestloans.com/creditscore.htm Maybe you just need to improve your credit score because your credit took a blow due to divorce, illness or loss of a job.
- If these are current payments, then it won't hurt too bad. If you haven't been paying the bills on time or they've gone to collections, then they will be very bad. You can go to freecreditreport.com and order a credit report. It will not give you a score, it only shows the report itself. I think you can pay extra to get the score if you want.
- What most people in debt don't realize is that you can contact your lender to negotiate a payment plan - afterall, they're people too! Contrary to popular belief, these companies want to get their money. They do not want to send you to collections, as this is costly, or write the monies off as bad debt. Step one - contact your lenders. Let them know that you want to get this all sorted out and negotiate something that works for the both of you. Step two - get this stuff paid off! Step three - contact your bank for a credit card. Advise them you're trying to increase your credit. Any small balance will do. Step four - Use your credit card but pay it off every month - on time. Step five - I would also suggest getting an RRSP loan (Canada) or somthing of that nature. Even if you can afford to buy a lump sum, paying this monthly loan is a quick and easy way to increase your credit (and it's tax deductible). Also note, that I wouldn't be too quick to request a copy of your credit bureau. Each time your bureau is pulled, this decreases your score, regardless of who is pulling it. So don't go applying for a bunch of credit cards or loans- this is a red flag.
- Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one - creditreport.undonet.com
