repair credit score

Question by Big Daddy: 38 & Looking to Repair Credit Score (Personal and L.L.C.)?
I had some selfsame old debt that has caused me to have an identical low FICO (568). SInce then have started my own business and want to get credit score all cleaned up. 2 Questions:Have checks in hand to pay the less than $ 2K in bad credit reports. I assume the best way to proceed is to get a secure credit card with a bank.1.) How long to get a nigh perfect credit tallying using the secure credit card and making double payments every month?2.) How can I get a company credit card so that my business tin begin to build credit? Secure card in the company name?Cheers,

Best answer:

Answer by MN-Mike
Many CC companies offer a biz card, Capitol One does. They will use your score for the application though.It depends on how old the debt is, they stay on your report for anywhere from 4 to 10 years depending on the holder of the debt.Double payments will start showing up in 60 days…expect your tallying to start going up from then on if you at least make double payments. Also, if you have the cash, pay everything with a card then pay away the card quickly, they enjoy that And keep to the think, don’t spend your cash on other things “just this once”, use it to pay off the monthly charges on the card.You can even almost max the tease out then hold half the payment in cash to pay it off next month. This will show a higher balance paid cancelled quickly but dang it, you have to keep the cash to pay it or trouble will come fast.Mike======================

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