Question by joan i: Are Credit Repair kits worth the money? Do they help raise your credit score?
Thinkin about purchasing Suze Ormans credit repair kit.
Best answer:
Answer by f912guy
one word SCAM!!!!!
Add your own answer in the comments!
January 21, 2012
Are Credit Repair kits worth the money? Do they help raise your credit score?
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December 11, 2011
How do you repair your credit score when you don’t make that much money?
Question by Loyreen A: How do you repair your credit score when you don’t make that much money?
Best answer:
Answer by julia
you need to pay all your bills on time in order to improve your credit score
Know better? Leave your own answer in the comments!
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March 21, 2011
How Clean Credit Changes Your Life For The Better
PriceComparisonUK asked:
how-clean-credit.info The How Clean Credit website above has just compared the 6 best credit repairing, home use software programmes and has made it easy for one and all to fix their bad credit score by avoiding the big law firms that basically cost you more money and work in the long run. Visit the “How Clean Credit” Website to see just how affordable it is to change your life for the better once and for all. www.How-Clean-Credit.info
Holly
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March 9, 2011
Credit Repair Shocking Insights
Ian Webber asked:
Credit Repair and Credit Scores
Credit repair is on everyone’s mind these days. And credit scores are for sale everywhere. There is only one problem. None of these advertised credit scores are the same as the credit scores that lenders use when making credit decisions. Whoa. That’s right. People spend huge amounts of money to buy credit scores which they mistakenly believe are relevant to their life. What the heck is the story? You want to know? Okay. I’ll tell you!
Lenders Use FICO Scores
Lenders use a type of credit score called the FICO score. FICO stands for Fair Isaac Corporation, the creator of this important score. The credit bureaus gather consumer credit data and run their data through the FICO credit score software to produce the scores that lenders use to make decisions.
Avoid Knockoff Scores
If you are starting a credit repair project or plan to get a loan in the near future and want to know where you stand you should purchase your FICO scores. But if you buy your scores from one of the credit bureaus websites you will get the bureaus own proprietary scores. And you will be no wiser than you were before because these knockoff scores can easily be 100 points different from your FICO scores; deceptive for your loan information, and useless for benchmarking your credit repair.
It’s About Money Honey
Alas, the credit bureaus realized they could make more money by creating their own version of a credit score and selling it to the public. If they sold genuine FICO scores to consumers they would have to pay fees to Fair Isaac. Lenders demand FICO scores; it’s a simple fact, they would never settle for less. Consumers on the other hand seem to be clueless. But there is a reason that consumers are clueless, the credit bureaus don’t offer any transparency, just a sales pitch.
Credit Repair and the Right Stuff
It’s all about your FICO scores. If you are going to benchmark your credit repair effort or plan to get a loan these are the only scores that matter. And you can get them online at the website for Fair Isaac Corporation, MyFico.com. The cost is about $50 for all three scores. Now are your ready to hear how these important scores work? Here is a mixture of the information published by Fair Isaac and some practical credit repair tips from yours truly, and I do know a bit about this, so listen up.
Major Credit Repair Weight
Fair Isaac is happy to tell you that the major part of your credit score is based on two categories. These are your payment history, weighing in at a hefty 35% of your score, and your account balances, tipping the scale at 30% of your total score. This is a bare bones fact, and much useful credit repair info is left unsaid, so I guess I’ll say it. If you care about your credit scores you need to focus on your revolving balances.
Revolving Account Bombs
Revolving balances are the lynchpin of your credit scores, and hence your credit repair effort. You can have a decade of perfect credit under your belt. You may have paid off a dozen cars and made every payment on time, but if you run up your credit card balances to the max and then check your credit scores you are in for a rude awakening. Maxed out credit cards will devastate your scores. Do you want some numbers? Okay. A maxed out card can erase 100 points from your score. An over-limit card can knock 150 points off; it’s a credit repair disaster. But wait, there is more.
Credit Repair Leverage
I don’t want you to feel like this is all bad news. Revolving debt is conversely the most powerful credit repair tool you have at your disposal for pumping up your scores. FICO recognizes 5 different balance tiers: 20, 40, 60, 80, and 100 percent usage. If you are getting a loan in the near future and have the resources to pay your balances under 20% of the limit your scores will be shining.
The Rest of the Story
The other ingredients relevant to your credit repair task include the age of your accounts, coming in at 15% of your score, new credit and inquiries at 10%, and the type, or mix of credit at the final 10%. These remaining ingredients are minor and for most people will take care of themselves as life goes on. I should, however, add that it is valuable credit repair advice to avoid opening new accounts before applying for a major loan, and to keep those inquiries to a minimum. Cheers!
Copyright
Credit Repair and Credit Scores
Credit repair is on everyone’s mind these days. And credit scores are for sale everywhere. There is only one problem. None of these advertised credit scores are the same as the credit scores that lenders use when making credit decisions. Whoa. That’s right. People spend huge amounts of money to buy credit scores which they mistakenly believe are relevant to their life. What the heck is the story? You want to know? Okay. I’ll tell you!
Lenders Use FICO Scores
Lenders use a type of credit score called the FICO score. FICO stands for Fair Isaac Corporation, the creator of this important score. The credit bureaus gather consumer credit data and run their data through the FICO credit score software to produce the scores that lenders use to make decisions.
Avoid Knockoff Scores
If you are starting a credit repair project or plan to get a loan in the near future and want to know where you stand you should purchase your FICO scores. But if you buy your scores from one of the credit bureaus websites you will get the bureaus own proprietary scores. And you will be no wiser than you were before because these knockoff scores can easily be 100 points different from your FICO scores; deceptive for your loan information, and useless for benchmarking your credit repair.
It’s About Money Honey
Alas, the credit bureaus realized they could make more money by creating their own version of a credit score and selling it to the public. If they sold genuine FICO scores to consumers they would have to pay fees to Fair Isaac. Lenders demand FICO scores; it’s a simple fact, they would never settle for less. Consumers on the other hand seem to be clueless. But there is a reason that consumers are clueless, the credit bureaus don’t offer any transparency, just a sales pitch.
Credit Repair and the Right Stuff
It’s all about your FICO scores. If you are going to benchmark your credit repair effort or plan to get a loan these are the only scores that matter. And you can get them online at the website for Fair Isaac Corporation, MyFico.com. The cost is about $50 for all three scores. Now are your ready to hear how these important scores work? Here is a mixture of the information published by Fair Isaac and some practical credit repair tips from yours truly, and I do know a bit about this, so listen up.
Major Credit Repair Weight
Fair Isaac is happy to tell you that the major part of your credit score is based on two categories. These are your payment history, weighing in at a hefty 35% of your score, and your account balances, tipping the scale at 30% of your total score. This is a bare bones fact, and much useful credit repair info is left unsaid, so I guess I’ll say it. If you care about your credit scores you need to focus on your revolving balances.
Revolving Account Bombs
Revolving balances are the lynchpin of your credit scores, and hence your credit repair effort. You can have a decade of perfect credit under your belt. You may have paid off a dozen cars and made every payment on time, but if you run up your credit card balances to the max and then check your credit scores you are in for a rude awakening. Maxed out credit cards will devastate your scores. Do you want some numbers? Okay. A maxed out card can erase 100 points from your score. An over-limit card can knock 150 points off; it’s a credit repair disaster. But wait, there is more.
Credit Repair Leverage
I don’t want you to feel like this is all bad news. Revolving debt is conversely the most powerful credit repair tool you have at your disposal for pumping up your scores. FICO recognizes 5 different balance tiers: 20, 40, 60, 80, and 100 percent usage. If you are getting a loan in the near future and have the resources to pay your balances under 20% of the limit your scores will be shining.
The Rest of the Story
The other ingredients relevant to your credit repair task include the age of your accounts, coming in at 15% of your score, new credit and inquiries at 10%, and the type, or mix of credit at the final 10%. These remaining ingredients are minor and for most people will take care of themselves as life goes on. I should, however, add that it is valuable credit repair advice to avoid opening new accounts before applying for a major loan, and to keep those inquiries to a minimum. Cheers!
Copyright
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February 24, 2011
Repair Credit Score – Get Back on Track
Morgan Hamilton asked:
You are probable aware that lenders will examine your credit rating when you apply for a loan. Your credit report is not what you want it to be if you are frowning as you read this. There’s a good chance that you also know that there is something you should be doing about you credit rating. However, you may have no idea on what to do. That’s understandable because many people do not know how to fix their credit, even if some ways are simply common sense. How about you? Do you know how to repair credit score?
Knowing what it is and understanding why yours may be lower than what you want it to be is the first step in knowing how to repair credit score. Being late on your payments can affect your score, and having charge offs can be ever worse. If you can’t do something as simple as paying your current bills on time, then you are going to have a hard time trying to repair credit score.
There may be a need to go back to some old bills that perhaps you neglected to take care of if you are paying your bills on time. Remember that these are sitting on your credit report and will remain there for a long time. You have to take care of these bills if you want to repair credit score. Calling your lender to make arrangements to pay may help, though it won’t make too much of a difference until you start paying it off.
You may have to request to have it removed entirely once the balance is down to zero. Think twice before you accept a deal to get an old credit card paid off to repair credit score. You will still have a mark against you if you pay half of it just to get the debt paid. Even if the debt is considered to be settled, it is still going to go against you if you pay anything less than the full amount you owe.
There are also some offers on the Internet that offer to repair credit score without having to pay off your bills. Avoid these offers because they are nothing but scams. You will only be handing over money that you could be using to pay bills to repair credit score to someone who will just pocket it. You can repair your score if you sacrifice some of your time and money as well as make it a priority.
Pamela
You are probable aware that lenders will examine your credit rating when you apply for a loan. Your credit report is not what you want it to be if you are frowning as you read this. There’s a good chance that you also know that there is something you should be doing about you credit rating. However, you may have no idea on what to do. That’s understandable because many people do not know how to fix their credit, even if some ways are simply common sense. How about you? Do you know how to repair credit score?
Knowing what it is and understanding why yours may be lower than what you want it to be is the first step in knowing how to repair credit score. Being late on your payments can affect your score, and having charge offs can be ever worse. If you can’t do something as simple as paying your current bills on time, then you are going to have a hard time trying to repair credit score.
There may be a need to go back to some old bills that perhaps you neglected to take care of if you are paying your bills on time. Remember that these are sitting on your credit report and will remain there for a long time. You have to take care of these bills if you want to repair credit score. Calling your lender to make arrangements to pay may help, though it won’t make too much of a difference until you start paying it off.
You may have to request to have it removed entirely once the balance is down to zero. Think twice before you accept a deal to get an old credit card paid off to repair credit score. You will still have a mark against you if you pay half of it just to get the debt paid. Even if the debt is considered to be settled, it is still going to go against you if you pay anything less than the full amount you owe.
There are also some offers on the Internet that offer to repair credit score without having to pay off your bills. Avoid these offers because they are nothing but scams. You will only be handing over money that you could be using to pay bills to repair credit score to someone who will just pocket it. You can repair your score if you sacrifice some of your time and money as well as make it a priority.
Pamela
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February 18, 2011
Credit Repair Agencies: Their Real Intentions (Scam)
37days asked:
www.37daystocleancredit.com We are know that credit repair agencies are scams. Now, let’s look at their business model and why it’s flawed and their best interest is NOT to help repair your credit, but to put money in their pocket.
Howard
February 6, 2011
Steps To Repair Your Credit
Adrian Hargray asked:
If you’re looking for steps to repair your credit, then this article is for you. I myself know how it feels to have bad credit as I went many years of neglecting my credit score. I didn’t purchase copies of my credit report regularly, I didn’t monitor my credit file, and I didn’t understand what it meant to have credit worthiness. So if you’re like me and are looking for steps to repair your credit, then this article is for you.
Many people are looking for steps to repair their credit due to the fact that they can’t get approved for the things that they want in life. I know how it feels to apply for seemingly easy to get credit cards but only to come back denied time and time again. If this describes your situation, then I know exactly how you feel.
I can remember there was a point in time in life where I had to resort to pawning a lot of my stuff just to pay the rent. Eventually I lost most of my items, and weren’t able to get them back due to the fact that I didn’t have the money to reclaim my items. This was a few years ago, and this was the time where I figured that I needed to know steps to repair my credit.
You need a good credit score in life for a wide variety of reasons. Even if you have a good job with a nice monthly income, you will still need credit to get the things that are important in life. For example, even if you have a good job, you will still need credit to finance a home or to get a car. Most people don’t have the money in their bank account to save up for a home or a car, so in situations like these – having good credit is important.
You need to learn steps to repair your credit especially if you have a low credit score. I can remember when my credit was banged up and wasn’t good. The only kind of credit cards that I could get access to was credit cards for people with poor credit. My own bank that I was a member with for over 5 years didn’t even want to do business with me. So I was in a crucial situation.
If you want to know one of the steps to repair your credit, then you should know that you should start purchasing your credit report often. Take a look at what’s being said about you on your credit report and be sure to clear up any inconsistencies that you spot. Another thing that you will want to do is pay your bills on time.
Also, be sure to use your credit cards only during times that you need them. You don’t want to develop a poor spending habit, as this is probably the behavior that got you into this mess in the first place.
Use these tips to repair your credit and to improve your credit score.
Good luck with finding more steps to repair your credit.
Phyllis
If you’re looking for steps to repair your credit, then this article is for you. I myself know how it feels to have bad credit as I went many years of neglecting my credit score. I didn’t purchase copies of my credit report regularly, I didn’t monitor my credit file, and I didn’t understand what it meant to have credit worthiness. So if you’re like me and are looking for steps to repair your credit, then this article is for you.
Many people are looking for steps to repair their credit due to the fact that they can’t get approved for the things that they want in life. I know how it feels to apply for seemingly easy to get credit cards but only to come back denied time and time again. If this describes your situation, then I know exactly how you feel.
I can remember there was a point in time in life where I had to resort to pawning a lot of my stuff just to pay the rent. Eventually I lost most of my items, and weren’t able to get them back due to the fact that I didn’t have the money to reclaim my items. This was a few years ago, and this was the time where I figured that I needed to know steps to repair my credit.
You need a good credit score in life for a wide variety of reasons. Even if you have a good job with a nice monthly income, you will still need credit to get the things that are important in life. For example, even if you have a good job, you will still need credit to finance a home or to get a car. Most people don’t have the money in their bank account to save up for a home or a car, so in situations like these – having good credit is important.
You need to learn steps to repair your credit especially if you have a low credit score. I can remember when my credit was banged up and wasn’t good. The only kind of credit cards that I could get access to was credit cards for people with poor credit. My own bank that I was a member with for over 5 years didn’t even want to do business with me. So I was in a crucial situation.
If you want to know one of the steps to repair your credit, then you should know that you should start purchasing your credit report often. Take a look at what’s being said about you on your credit report and be sure to clear up any inconsistencies that you spot. Another thing that you will want to do is pay your bills on time.
Also, be sure to use your credit cards only during times that you need them. You don’t want to develop a poor spending habit, as this is probably the behavior that got you into this mess in the first place.
Use these tips to repair your credit and to improve your credit score.
Good luck with finding more steps to repair your credit.
Phyllis
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January 17, 2011
Free Credit Score Repair
W. M. Blake asked:
Free credit score repair is something that you can take care of yourself. There are a few different ways that you can fix your credit score and they are easy steps that you can do yourself. Your credit score is a very important piece of information and something that you should take seriously. This score should be as high as you can get it and you should do all you can to keep it there.
How to Repair Your Score
The first thing you can do is look at your credit report. Make sure that all the information on the report is accurate. Look at all the accounts and confirm that they are or once were your account. Check the numbers and make sure that they match.
If there are any unfamiliar items on your report, research them more and if they should not be on your credit report, you can take the necessary steps to remove them.
The Next Step in Repairing Your Score
You can consolidate all of your current high interest credit card debt into one low interest loan. There are agencies that will consolidate your debts and this will save you money in the long run. If your debt is piling up and you are making the minimum payments each month, you are never going to get them paid off. By consolidating your debt, you will increase your chances of lowering your debt and improving your credit score.
Transferring Balances
If you do not want to take out a loan to consolidate your debt, you can transfer your high interest credit card debt to lower interest cards. These rate usually only last for a certain amount of time. Even if it is a short amount of time, you will be amazed at how fast your debt will decrease and how much closer you will be to paying it off.
Gail
Free credit score repair is something that you can take care of yourself. There are a few different ways that you can fix your credit score and they are easy steps that you can do yourself. Your credit score is a very important piece of information and something that you should take seriously. This score should be as high as you can get it and you should do all you can to keep it there.
How to Repair Your Score
The first thing you can do is look at your credit report. Make sure that all the information on the report is accurate. Look at all the accounts and confirm that they are or once were your account. Check the numbers and make sure that they match.
If there are any unfamiliar items on your report, research them more and if they should not be on your credit report, you can take the necessary steps to remove them.
The Next Step in Repairing Your Score
You can consolidate all of your current high interest credit card debt into one low interest loan. There are agencies that will consolidate your debts and this will save you money in the long run. If your debt is piling up and you are making the minimum payments each month, you are never going to get them paid off. By consolidating your debt, you will increase your chances of lowering your debt and improving your credit score.
Transferring Balances
If you do not want to take out a loan to consolidate your debt, you can transfer your high interest credit card debt to lower interest cards. These rate usually only last for a certain amount of time. Even if it is a short amount of time, you will be amazed at how fast your debt will decrease and how much closer you will be to paying it off.
Gail
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December 29, 2010
Free Advice On Bankruptcy, Credit Repair, Tax liens, Mortgage What Is Right For You
1CallAdvice asked:
1-888-711-2743 Toll free number to call and get advice on credit repair, bankruptcy, mortgage, foreclosure, tax liens and much more. There has been to many frauds people who just take money and do nothing for you. We will tell you exactly what you need to do. Since we don’t sell any services we do not pressure you in buying into something you do not need. Give us a call and tell us your situation.
Russell
November 10, 2010
Will fighting for my home help my credit score?
baby F. asked:
When I bought my home 2 years ago, my credit score was in the 700′s, and I was always financially on top of things. We only had 3 credit cards and they were in good-standing. But then my husband and I were both laid off around November of the 1st year and we still havent regained our footing, and our home was on the verge of being forclosed. Luckily we are both employed and have consulted someone to help us modify our loan (since our property value has dropped). Throughout all of this, my credit score has plummeted to the lower 500′s. I would like to purchase a larger home for my growing family someday, but I know it will take some serious time before I can. My question is will the fact that I am fighting to keep my home eventually play a role in repairing my credit score? Or does it mean nothing to lenders. Would we be better off selling and starting from scratch?
Landlord:
Obviously, people like you only answer questions for the points, not because of your knowledge. I am not out to screw anyone and certainly am not pocketing other’s money. And if I did want to, I wouldn’t go through a process like this to do so. Your accusations are probably a reflection of your own “haunting”.
Yolanda
When I bought my home 2 years ago, my credit score was in the 700′s, and I was always financially on top of things. We only had 3 credit cards and they were in good-standing. But then my husband and I were both laid off around November of the 1st year and we still havent regained our footing, and our home was on the verge of being forclosed. Luckily we are both employed and have consulted someone to help us modify our loan (since our property value has dropped). Throughout all of this, my credit score has plummeted to the lower 500′s. I would like to purchase a larger home for my growing family someday, but I know it will take some serious time before I can. My question is will the fact that I am fighting to keep my home eventually play a role in repairing my credit score? Or does it mean nothing to lenders. Would we be better off selling and starting from scratch?
Landlord:
Obviously, people like you only answer questions for the points, not because of your knowledge. I am not out to screw anyone and certainly am not pocketing other’s money. And if I did want to, I wouldn’t go through a process like this to do so. Your accusations are probably a reflection of your own “haunting”.
Yolanda
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