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hmj8460

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how can i raise my credit score in 3 months

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You can likely raise your score a few points in three months, but don't expect a major shift. Repairing credit takes time and a lot of effort, whereas destroying credit can happen overnight or with the click of a button. Start with reviewing your reports from all three bureaus. Dispute any errors or issues that you see. This is often an easy score win. Then make a budget and assess how much extra money you have each month to pay off your debt. Then list your debts (CC, liens, loans, etc) smallest to largest (include recent accounts in collections). Pay the minimum on everything and put anything extra you can towards the smallest debt. When that's paid off take that money and add it to the minimum of the second debt on your list. By the time you get to the end of your list you'll be throwing significant amounts toward your debts. This is a concept called debt "snowballing", and it really works.

Don't approach any "in collection" debts for repayment without first requesting a debt verification letter from the creditor. If they fail to provide this then you can dispute the derrogatory mark with the CRB. If they provide verification and it is, in fact yours, then call them about repayment. Ask them how much they'll take to settle today. Let them throw a number out to you. If you can't pay that amount today, tell them you can pay X (make it slightly lower than what you can actually pay). If they balk at that and say they can't do it, then say I can pay X today and pay the rest monthly. Make sure you get this agreement in writing and ask them for an agreement to take the delinquency off of your report as well. Only do this for relatively recent accounts. Accounts are removed after 7 years and contacting the creditors can reset the statute of limitations, so only approach the creditors you're ready to pay and start with the most recent delinquency, then work back into the older ones.

Make sure moving forward that you pay all of your bills on time every month. Pay the minimums if you can't pay the balance. For medical bills and such, send them $5. They wont send you to collections if they're getting some good faith effort from you.

Good luck!

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