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Archive for Credit Tips and Advice

his score is 547 he has one credit card and he has had it for 7 months, he’s missed a couple of payments and went over the limit once but for the past few months we’ve been paying it on time and paying well over the minimum payment. he owed money to a collection agency [...]

Comments (4)

I have almost $1500.00 worth of debt that is making my credit bad, I want to pay all that stuff off but how long will it take for me to see any improvement in my credit score?

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My wife and I are planning to buy our first home now and we heard that when you buy a home (1st time buyers), your credit score goes up. We need to know if this is true and how long it would take to reflect in our scores because we need to be approved for [...]

Comments (6)

I have three different major credit cards- all Mastercard and Visa. Two of them have a zero balance but are still open. One has over $2000 on it, which I have been paying off and I am in good standing. Is it better for my credit score to close my zero balance cards or to [...]

Comments (4)

After my dad died (he paid my credit cards every other month) I spent two years trying to pay them off myself. I cancelled them immediately even though I had a balance, but I finally have them paid off (after going months without being able to pay any of them because of other financial situations). [...]

Comments (4)

Here’s the background info:
Came to the US in mid-2001, opened my first credit account shortly thereafter.
Everything was going great, making ontime payments, keeping my balance low, until mid-2004 when I hit a bump on the road, which resulted in several late payments on several accounts, a couple as late as 60, 90 days.
Picked myself [...]

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I’ve made every payment on time for the past two years. However, I’ve taken out a lot of new credit and have used a lot of it to start a new business, which has lowered my score.

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I’ve made every payment on time for the past two years. However, I’ve taken out a lot of new credit and have used a lot of it to start a new business, which has lowered my score.

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I need to refinance my house but my credit score is 525. I need it at 580 minimum to be able to refi with a good rate and get cash out. Does anyone know how to get a score up that much in a short amount of time. I know I owe [...]

Comments (8)

I just checked my credit report recently and there was an error on it that I disputed. They are now in the process of removing it from my report. I’m sure the answer is no, but is there any way to tell how much my score will go up when it’s removed? [...]

Comments (2)