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Lonell2012

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what is the best way to raise my credit score that has delinquencies on it?

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Depedning on when these accounts became delinquent, the best approach might be to leave them be or to pay them off. If the statute of limitations in your state is 7 years, then you wouldn't want to pay anything approaching that date. By law these debts should fall off of your report then and they're considered uncollectable.

When you're ready to tackle the heavy clean up the first step in your journey is to pull your reports from all three bureaus (go to www.freecreditreport.com). Review them for errors or inconsistencies. If you find errors you can contact the CRB and have them correct the problem. You have to do this in writing.

Then start with the most recent delinquent debt (if it's newer than 5.5 years old). If you know this debt is yours and you're serious about paying it, then contact the creditor and request a debt verification. Again, do this in writing and send it certified mail. Once they've verified the debt then you can call them back and negotiate payment. Don't tell them how much you have to pay, just ask them how much they would need from you to settle up today while you're on the phone. If you can pay the amount they throw out, do it. If you can't, then ask to set up a payment plan. Do not repay without the promise of expunging the record on your report once payment has been made according to your agreement. GET THIS IN WRITING!

Continue doing this until you score improves and you make headway.

It will take time. You can do a lot of damage quickly, but rebuilding is a slow progress.

For more information on how to go about repaying debt and getting your financial house in order, I suggest you read Dave Ramsey's Total Money Makeover. It's a very easy read and will give you an immediate plan to apply to your situation. You can likely find this book in your local library.

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