To all the Proââ?¬â?¢s out there: This is going to be one of those posts that deeply annoys many of youââ?¬â?but to build my credit with you let me say that as a ââ?¬Ë?newbieââ?¬â?¢ I have done some extensive reading on this and other sites, I have developed a litigious attitude and am ready to fight. However, despite the enormous wealth of available material, I need some basic advice on how to begin! My credit: itââ?¬â?¢s terrible! After college I took a job teaching and found myself living the vow of poverty. I fell way behind on a student loan and two credit cards (120 days), paid one down over time and had the other referred to a CA. In December of ââ?¬â?¢04 I borrowed from a friendly Peter (family) to pay the bastard Paul (the CA). I havenââ?¬â?¢t had debts in arrears since. Now, Iââ?¬â?¢ll be going to graduate school in the fall but will need to secure private loans to fund my studies. I pulled my CR and the adverse reports pull me way into sub-prime territory. I want to do everything I can so I can to secure these new loans! 1.) How do I fight to reduce the impact of these negative reports (two delinquent credit cards, an inquiry from the CA, and a late student loan)? If I request verification of validity it will surely come back valid since I did pay these debts, thus acknowledging their putative validity. Do I go ahead anyway since this seems to be the only first step to take? 2.) Should I begin my fight through the online dispute option the CRA list on their site or should I use snail mail? 3.) Do you think Iââ?¬â?¢ll actually be able to pull this off in time? You people are an inspirationââ?¬â?someone from one of those serious magazines like the Atlantic should contact a couple of the leading posterââ?¬â?¢s and write an article on this movement! Help me join your efforts! Brendan
before doing anything i highly recommend reading the sticky's - they will give you a good start. don't forget to opt out! <<BTW - if you are ever not sure of the lingo we use, please let us know.>>
1. never hurts to try! also get a secured card or a "toy" card to help you boost your score. do you know anyone with a good credit history that would add you as an authorized user on a credit card? 2. i always use online options, other prefer CMRRR. there is no proven method. 3. we don't guarantee anything other an education. while everyone here wishes others successes, some lenders just don't budge. "i'm ready for my close up, Mr. Deville".
Re: To all the Pro's: help a Newbie Thanks for all the advice! I'm really trying to improve my credit in order to qualify for student loans-- I want to start grad school in the fall but I don't think any one will let me borrow! I have a question about the AU matter-- will it hurt their score if I'm on the account? Thanks again for the help.
Re: To all the Pro's: help a Newbie It won't hurt their score, They can add you as an AU without actually giving you a card, and without you using the account. Their account payment and credit history gets posted to both your accounts. Be aware, however, that if they mess up, you will get their bad credit history on your reports as well. If they default, you might even have CAs trying to collect from you, and placing collection TLs on your reports, as if you were jointly responsible, even though as an AU you are not legally responsible. This approach is best used only for a short time until you establish your own good credit record.
