Posts Tagged ‘3 years’

How to improve bad credit score?

July 22nd, 2011 by admin | 8 Comments | Filed in Good Bad Credit Score

My credit score is currently at (570), and has been for about 3 years now. Most of my debt is from Hospital stays and the doctors who saw me during my stay. I had no health insurance at the time because I barely made enough money to survive. I have also had a friend whom I shared an apartment with steal my identity and sign up for credit cards and use them as her own while she went traveling across the country. Up until about a year ago when I went to apply for a loan so I could get a new car I didn’t even know these credit cards existed. Apparently I am in about ,000 worth of debt. My boyfriend and I are moving to TAMPA FL next year and I will need to get my credit score up a little higher if I want to be able to rent an apartment. I make about 00 a month, 0 of it goes to other bills and I’d say about 0 goes to other living expenses. About 0 a month right now is going towards saving for a car that I need desperately in order to get back and forth to work. I basically have 0 a month to spare as of right now. My dilemma is that I am willing to work with the collection agencies that keep bugging me on a daily basis but all of them seem to want my bills paid in full. Out of the 3 hospital bills 00, 000, and 00 I don’t know how I can possibly pay them all off at one time. My question is should I start paying off the 0-0 bills (My Ex-Friends) debt or should I worry about paying the big bills off first? I making my student loan payments on time which is helping out tremendously, but I am just so confused about how improve my credit score within the next year or so before I move. What is the credit score most landlords find acceptable now adays and what about car dealerships? If I can save 0 a month towards my debt for the time being will it be worth it eventually?

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Can the good credit overcome the bad?

January 23rd, 2011 by admin | 3 Comments | Filed in Good Bad Credit Score

I am 22 and have four or five collections on my credit report that are now ALL ”paid in full” status. I didn’t know about the debts until I looked at my credit report for the first time last year and paid them as soon as possible. If you were to add all of my credit scores from transunion, experian, and equifax, the sum would be less than 1700. I’ve just recently started to qualify for relatively low credit limit cards that I wasn’t able to qualify for only 6 months ago. Despite the negativity of the collection accounts and a credit card deliquency of 60 days (out of 3 years), using 3 low-limit credit cards wisely and keeping a good balance to limit ratio, would good practices continue to increase my credit score more and more or would they be hurt a ton by the paid collections for the next 7 years?

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What is the best way to repair a bad credit score and bankrupt?

September 23rd, 2010 by admin | 3 Comments | Filed in Good Bad Credit Score

My fiance and I are working on trying to repair his credit. We will be married this fall. In the next 2 or 3 years we would like to buy a house. He has filed chapter 13 and 10. He was paying on them in the past and stopped. He wants to repair his credit so we will both have good scores to purchase a new house.
Where do we start? what do we need to do? About how long will it take?

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How can bad credit be good?

August 28th, 2010 by admin | 2 Comments | Filed in Good Bad Credit Score

My best friend 2 years ago filed for bankruptcy. She was forced to close all her accts. She had delinquincies in her report. She got a credit card for bad people with a low revolving line. In 2 years she has 4 credit cards and a good credit score. I have an unsecured credit card with a 0 limit (not even close to being maxed out) and another card on a debt management program. For 3 years I have paid more than the minimum on each card (the 0 card and paid MORE than what debt mgmt. co negotiated) I have always paid before the due date. I have a school loan that I pay on time all the time and never missed a payment. Her credit score is EXPONENTIALLY higher than mine while mine has staid in the high 500′s for a long time. AND when I just applied for a store credit card I got denied. I asked if my 0 limit card could be raised to 0 – and was denied. My 3 credit reports from last week don’t show anything out of the ordinary. I cant figure out why I was denied credit.

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Applying for mortgage, I have very bad credit, boyfriend has good credit?

August 11th, 2010 by admin | 11 Comments | Filed in Good Bad Credit Score

My boyfriend and I are starting the process of buying our first home. I have a bad credit score (although I have cleaned up most of my debt, the damage I did a few years ago in college still reflects poorly on my score) but my boyfriend has a very good credit score. Since we both want to be on the mortgage and want to be joint buyers of the home, both of our credits are going to be run and I’m extremely nervous that my poor credit score is going to ruin our oppurtunity to buy our first home. We both have been at our jobs for a long time (me 3 years and him over 5 years) and have steady income however. Our combined income is about 80,000.
I guess I just would like some advice from some people who have been in similar situations to mine or some mortgage professionals. Will my poor credit and his good credit balance out? I’m very paranoid about this. Thanks.
I didn’t ask for advice about what to do if we split up. We are getting engaged soon and plan on being married within the next 2 years.

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