Credit Repair Questions & Answers

jaden smith asked:


I cant understand how in the world my credit score actually fell lower than it was last month. No late payments in the past 4 years, no new credit inquiries or accounts since May (the same inquiries were on last months report), and I actually paid off a $4000 credit card. This makes no sense to me whatsoever….Can anyone explain why my score dropped?

fernando f asked:


I just turned 18 this week, and I want to know how can I start building my Credit score. Should I get a credit card from a store like Macy’s, etc. And how does the credit score works?
Also how much would i pay monthly, if i spend like 200 per month, how much would I have to pay?

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bloodycorinne asked:


I am very deep in debt, mostly on one credit card. Should I hire an attorney to negotiate a settlement for me with the bank? If so, how will this affect my credit score?
I care about my credit because I would like to buy a condo within the next year or two.

David M asked:


I am in debt with a credit card issued by my bank and the interest is killing me. How does debt consolodation work? If I do this, will my interest go down and will it affect my credit in any way?

2nd Commander asked:


say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.

KrazyKris asked:


I applied for a credit card and was denied now I’m wondering whats on it. Which leads me to another question. If a company broke the rules and you got bad credit because of it where can I report this or get it fixed. Hint; Suncom!

insomina asked:


I just started a loan a couple months ago on a car and tried running a credit score check but could not find any records. How many monthly payments do you need to have done before you get a credit score on file? And no, I’ve never used a credit card prior, only a debit.

spaztikus asked:


I want to get a Walmart credit card…My credit score is not the best but not the worst either…it’s around 616. I dont want to apply and make it any lower unless I know I can get a card.

Sunny asked:


I want to know if i have a good credit hisroty before I run a credit report base on the the information below.

I have Citi credit card – $7000 credit
Discover $3000
Dell fina. credit $3000

I always pay my bill on time and in FULL. I have my credit about 2 years. No load/ home/ car/ meg

What do you think about my credit score? And do you know where can i run a credit report for free? Thanks a lot!

rnrsoul asked:


Everything I read says that collections come off of your report 7 years after the payment in question was missed. Now I have an old credit card that I didn’t use or pay since my first year in college, at least 12 years ago. The company waited until 2004 to send the old debt to collection, and it’s showing up on my report as a 2004 debt. Is that accurate (does the 7 years actually start whenever the company decides to collect?), or disputable?

LuvMyAutisticSon asked:


Like if you don’t have good credit for instance from mis-paid bills and such, and you are offered a credit card from credit company that accepts you even with bad credit. Does it help you re-build it?

Katherine B asked:


I’m recently working on getting divorced & my credit was badly damaged because of that. My bank is working with me to help me recover, but I am looking for a basic credit card, not necessairily a large line of credit, and one with REASONABLE fees and interest rates. Also, looking for credit repair services that really work and that areasonably priced.