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trinalarie

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build and fix my credit
I want to work on fixing and building my credit

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2-Step Process

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First, settle or come to terms with those who are hurting your credit. Call that old credit card company, apologize and say you want to settle the outstanding balance. They will send you an offer letter, pay it, and the settlement will be reported to the credit bureau within 4-6 weeks, maybe 8 weeks.

Once you come to agreements, open a new credit card, or 2 credit cards. No matter how small the credit limit is, no matter how high the interest rate, you must use only less than 30% of the credit limit. DO NOT charge more than 30% credit limit. If its only $500 credit limit, you can only use $150 on it. Make 100% on-time payments (DO NOT MISS ANY PAYMENTS, put a recurring reminder on your phone).

You will see a drastic change within 2-3 months. 

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