Credit Repair Help

Credit Repair Help

Question: I have a repo on my record as well as a few credit cards that have been put as charge offs. In order to fix my horrible credit how do I go about paying those charge offs and how soon will my credit take to at least be in good standing? I need credit repair help?

Answer:
This is a very good question. First it is important to understand how your credit score is calculated. Your credit rating is calculated based on several variables, including: your payment history (do you have any late payments, charge-offs, etc.), the amount and type of debt that you owe, if you have maxed out any of your trade lines, and then several other secondary factors like the length of your credit history and how many recent inquiries have been made to look at your credit history.

Therefore, it is likely that your poor payment history is bringing down your score. The first thing to do is to attempt to pay off

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