Bad credit score due to late payments, how do i improve my credit score.?

It's either became my %26quot;habit%26quot; or due to money constraints that I (for my husband and mine's) pay my bills (from visa to phone bills, electric bills etc) late. Some up to few months until I get a notice of cut service or collectors calling me (been like this for 4-5 yrs). Now I have a decent job (45,000$) and want to start and improve my credit. I know it will take time, but how long? I am hoping we can buy a house. My husband has less than 5000 credit . I have to start paying my student loans next month. Anything that I can do to improvemy credit?

Bad credit score due to late payments, how do i improve my credit score.?

Im happy to hear that youre making an effort to rebuild your financial viability and getting a nice stable job is probably one of the best things you could have done to begin addressing your money problems.

A lot of people here have recommended paying your bills from now on, and they're right on about that. It doesn't take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks.

To help you some more here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year:

1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed on the article below. It really helped my get my score up.)

2. Never Miss a Payment, Starting Today

3. Never use more than 20% of your Available Credit

4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones

6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

9. Take out a Small Personal Loan and Repay it Over a Year

10. Ask Someone With Good Credit if They will Account Shadow you

When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

* 35% -%26gt; History of Payments

* 30% -%26gt; Debt to Credit Ratio (available credit)

* 15% -%26gt; Credit History (length of open accounts)

* 10% -%26gt; New Credit (are you expanding your credit)

* 10% -%26gt; Credit Types in Use (varied credit types from loans to credit cards)

If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.

You can read more about these tips on my blog: How Can I Increase My Credit Score

* http://millionster.com/articles/debt/inc...

Best of luck!

Bad credit score due to late payments, how do i improve my credit score.?

Paying bills on time is the single most important thing you can do to improve your credit score.

Pay a little bit more than the minimum.

Pay everything on time.

Don't use more credit - get your balances down.

Bad credit score due to late payments, how do i improve my credit score.?

just make all of your payments on time from hear on out and check your score regularly most places wont give you a mortgage if you don't have a decent rating

Bad credit score due to late payments, how do i improve my credit score.?

Late payments stay on credit reports for 4 years. If you've had an account closed and sent to collections that will remain for 7 years.

Even though it takes a long time for negative factors to fall off the reports, your score will start to improve as you begin to make payments on time. After 2.5 to 3 years the late payments will have little impact on your score.

Bad credit score due to late payments, how do i improve my credit score.?

get into a discipline and things will work out in a few years

Bad credit score due to late payments, how do i improve my credit score.?

It all depends on how proactive you are. You can do a credit clean up now and get many of these things off your report this month. You can also manipulate your credit to get your score up this month. Creditors report to the credit companies every 30 days, so it CAN be done quickly. If you do nothing, it will take two to seven years. (Two years for credit inquiries to drop off and seven years for negatives to drop off.)

Check out the two articles below. One tells you all the things you can do this month to bring your score up fast. The other tells you how to clean your credit report step by step.

Hope this helps.

Bad credit score due to late payments, how do i improve my credit score.?

Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times,

I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://www.counselingcreditcarddebt.com