It still could take a little time. I started from zero with a touch of bad but mostly no credit. I got a rediculous card at first with high interest and monthly and yearly fees. Soon as my credit built up with some payments, yours isnt terrible, mine was in the 5's, I was able to get a better card. Dont spend much of your available credit. REALLY try and keep it lower than 30% and your uliliztion will look better and help your score rather quickly. im my case opening a new account with a higher ballance and transfering my debt to it (15 months 0% interest but was a 3% fee to do it) saved a lot of money over paying a couple of cards at 20-24% interest. If you have a good utilization % then you might even close the old account but if you are looking at a big purchase soon then it may be better to keep it open. Either way, my closing that horrible card actually made my score rise because of the newer better replacement card showing up. Again mine was in the 5's so it took a bit for new expanded credit acceptance but once it did it is currently going up very quick and am almost 700's. Id plan on a year though if you have negative stuff but you are ahead of me with your starting score already. 

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.
The debt management companies will refrain from making payments and attempt to negotiate a settlement with the creditors on your behalf. In general, credit card companies will collect aggressively for the first 180 days. After 180 days, the debt is written off. Many banks will then sell that debt to collection agencies at a fraction of the face value. Collection agencies are usually willing to take a discounted settlement from the borrower, because they did not pay full price for the debt. These programs can take a couple of years to complete and the negative information stays on your credit report for seven years.

Quick and Easy Repair Credit is a national credit restoration company that works with clients and creditors to improve credit profiles by challenging questionable, inaccurate, outdated, misleading and or unverifiable data on consumer credit reports. We raise your credit score by removing negative items from your credit report while giving you sound advice on what you can do to raise your score on your own. Our associates, have a proven track record of raising FICO scores quickly and effectively to give our clients better purchasing power.


If you are considering using a debt relief or debt consolidation company, arm yourself with information. For a fee, they negotiate with your creditors on your behalf, resulting in lower balances or interest rates. Legitimate debt relief companies will obtain a written agreement from each one of your creditors, detailing the terms of the agreement, your obligations, and what will be reported to the credit bureaus. In some cases, if your balances are lowered the creditor might report bad debt or a charge-off, which will negatively impact your credit history and score. Also keep in mind that debt relief companies generally charge higher interest rates than your bank or mortgage lender, particularly if you have less than stellar credit. So you might not save much in the long run, especially once you factor in fees. It’s up to you to do the math.
Conduct some research on attorneys ahead of time. Read reviews online and consider meeting with more than one attorney in your area. Your bankruptcy attorney will help put together the forms required to file Chapter 13. This includes a bankruptcy petition, debt and income schedules, and a Chapter 13 repayment plan you have worked on with your attorney to create.
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.
If you use the second method — and this if the first time you rehabilitated the student loan — the default associated with the loan will also be removed from your credit reports. Although the late payments associated with the loan will remain for up to seven years from the date of your first late payment, having the default removed could help your score.
Well, there are some things you can do to help move the needle in the short term, but making significant changes to your credit score will likely take a little time. If you’re looking to apply for a home loan in the not too distant future that’s probably not what you wanted to hear. In this article, though, we’ll highlight some things that will help, and put you in a better position when applying for credit next time.
Additionally, the security deposit you used to obtain the card is used if you were to default on your payment. However, this is not the case if the balance in which you have defaulted happens to be higher than the security deposit amount. Using the security deposit means that even if you default, the card will be paid because it is secured by your funds and you will not have the account end up in collections due to nonpayment.

Although the number of bankruptcy filings since 2005 seems high, not everyone decides to file bankruptcy to deal with their financial issues. There are other options for consumers who find themselves unable to pay off their debts and facing multiple collections actions, and those other options might be a better choice for some consumers. These options include:
We all want to get rid of debt. Debt is costly and can prevent us from reaching financial goals (or at least prevent us from reaching them when we’d like to). Some people consider credit card debt bad and mortgage or student loan debt good. The truth is that having any debt means you are financially beholden to a creditor and you can’t put your money in your own pocket until your obligation is met.

You’re entitled to a free credit report if a company takes “adverse action” against you, like denying your application for credit, insurance, or employment. You have to ask for your report within 60 days of receiving notice of the action. The notice includes the name, address, and phone number of the consumer reporting company. You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.
Your credit score (often referred to as your FICO score) provides a snapshot of your credit status. It's determined by a variety of factors, and obviously, you need to understand the components that affect your credit score before you can start to repair it. Although the exact formula used by the Fair Isaac Corporation, which compiles the score, is proprietary and not publicly disclosed, here's basically what it looks at, and how each factor is weighed:
Well, there are some things you can do to help move the needle in the short term, but making significant changes to your credit score will likely take a little time. If you’re looking to apply for a home loan in the not too distant future that’s probably not what you wanted to hear. In this article, though, we’ll highlight some things that will help, and put you in a better position when applying for credit next time.
While many consumers struggle to pay unsecured debts, bankruptcy is a solution intended for the most extreme cases — cases where families cannot get out of debt any other way. If a debtor has the financial means to repay their debts and gain a fresh start on their own, bankruptcy attorneys would likely counsel them on other options, such as meeting with a credit counselor and starting a debt management plan.
If you have a rewards card, you may be tempted to spend more money than you have just to earn rewards. As a result, you may need to rethink why you’re using your credit card. You may come to the conclusion that a rewards card isn’t the best option for you. That doesn’t mean you can’t still use credit cards — there are plenty of credit cards you can choose that are basic and don’t have rewards.
The Sunrise Banks Credit Builders Program, for example, places loan funds into a Certificate of Deposit (CD) for the borrower. The CD earns interest as the borrower repays the loan, which can be withdrawn when it’s paid in full. Consumers can borrow $500, $1,000 or $1,500, and they are assigned a repayment schedule of monthly principal and interest payments. Payments are reported to Experian, Transunion and Equifax.
What can and DOES change is whether you have a collector pursuing you for the debt. If you are talking about a dormant account that has been in collections and has finally been left alone with no collections activity for a few years, messing with it can be problematic from the point of view that the collections people will start pestering you again to see if they can get money and if the SOL isn't up, they can start reporting on it again which can affect your score or they could even file suit if your state SOL isn't up.

I would like to say Thank you for the outstanding service that you gave me. I started the program just four short years ago and in March I will be debt free. With your help in setting better plans with my creditors I was able to accomplish this. It was hard work, but it was all worth it at the end. The Consolidated credit counselors are the best; they answered all of my question(s) and helped me every step of the way.
But tread carefully. This a field ripe with scam artists who rebuild nothing but their own bank accounts. If you are approached with an offer of help to negotiate your debt, make sure that you receive a copy of the "Consumer Credit File Rights Under State and Federal Law" and a detailed contract for services including contact information, stated guarantees and an outline of fees and services before you provide any personal information or turn over any financially-related documents. Ask for references, do online research and keep copies of all paperwork and correspondence in case a dispute arises.

Once you've paid down the balance of your credit cards, keep your spending on these accounts down. You should aim for a balance that is less than 30% of your credit limit on the card. Don't voluntarily lower credit limits; this can hurt rather than help your FICO® Score. If your credit report doesn't reflect your actual credit limit, make sure your credit card company updates this information with the credit bureaus. In addition to limiting your spending on the accounts you already have, be cautious when any new accounts and don't cancel any old accounts since these help your credit score by demonstrating a longer credit history.


Yossi has truly been a blessing in my families life he has helped my whole family. He helped my wife and I come from the low five hundreds to the high seven hundreds. Because of Yossi and credit repair we have bought three cars brand new and this year we are working on buying a house with his help. I truly recommend him for all who are looking to have someone on your side who truly cares about helping you have the finer thing in life.
The cause of your debt may be due to overspending, and that’s where creating a budget can help. You can view a snapshot of your expenses and see where you’re able to cut costs and hopefully save money to pay off debts you may have. There are plenty of budgeting apps that are free and allow you to link various accounts to get a holistic view of your finances.
Reliant Credit Repair got my scores up 63 points in 60 days. they got this Wells Fargo account in the amount of $11,000 removed from my report, although it wasnt mine, I am so thankful they got it off!!! I now have Discover left on there, that is also not mine, but needs to be removed. Its a little over $4,000 but they got it remoevd form transunion so far. My Transunion score is now 723 and my other two are in thr high 600's so im almost there.
You're also entitled to a free credit report if you've been turned down for credit because of something on your credit report, if you're currently receiving government assistance, if you're unemployed and planning to look for a job soon, or if you think you've been a victim of credit card fraud or identity theft. Some states even have laws that let you get an additional free credit report each year. All these free credit reports should be ordered directly through the credit bureaus.
Most credit counselors offer services through local offices, online, or on the phone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.
A good credit repair company will first pull your credit reports from each of the three major credit reporting agencies to pinpoint your credit issues. Why all three? Because each credit reporting agency has its own “data furnishers” (aka lenders, credit card companies, debt collectors, etc.), who report your credit information to them. And there may be errors that appear on one of your credit reports, but don’t appear on the others
If you have one of those letters we mentioned earlier that details your credit problems, you have some idea of what’s holding you back. Even though it may seem complex, as we mentioned, your credit score is based on five core factors: payment history, credit utilization, the age of credit accounts, mix of credit accounts and history of applying for credit. They’re not equally weighted, and this information will most likely vary between credit bureaus.
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