Advice on How to Increase My Credit Score

Did you know that 70% - 90% of all credit reports have errors on them? In fact, the vast majority of negative items on a typical credit report are valid. Therefore, if you simply dispute all the negatives on your credit, those items that are valid will most likely be verified by the creditors and remain on your credit report. It doesn't matter whether the negative credit item is valid or not. Anyone can dispute the credit reporting agencies' right to report the negative credit item, not whether it is valid. Since none of the 3 major credit bureaus (Equifax, Experian and Transunion) are in compliance with Section 609 of the Fair Credit Reporting Act (FCRA), they must remove all unverifiable items from your credit report - ALL OF THEM! Every "credit repair" company out there uses the dispute process allowed under FCRA to attempt to repair your credit. By disputing the accuracy of items on your credit report you are essentially playing the slots - you are hoping that all three credit bureaus are unable to complete their investigation within the time allowed. The odds of all three bureaus is nearly impossible! You are disputing the reporting law - not whether or not an account is yours, but whether or not the credit bureaus have that verifiable proof they are required by law to have on that account. Under the FCRA, the credit bureaus need to provide you with a copy of verifiable documentation if it is requested by you as the consumer. The three credit bureaus are required to have a copy of that same verifiable proof. You simply have a right to receive a copy of the Original Creditors Documentation. When you request that same verifiable proof from the creditor, they usually comply very quickly and will often times fax or mail you a copy of your account application/history within 24 hours. Here is what we is VERY interesting! Anyone who uses this process will NEVER RECEIVE a single copy of verifiable proof on a single client account! They do not have them on file! All credit bureau reporting is done electronically via email or fax. But that is NOT what the law says must be done.

You likely have some old delinquencies, or you have open accounts that are behind or unpaid. The best thing to do is to pay off debts and re-establish a positive payment history on new accounts.

Only things that are on credit is 2 student loans, medical bills and a car which was paid off. And my score is around 540-560. How do I increase that score?

You can negotiate settlements with each of these debtors, but make sure you keep all your communications in writing and also make sure to get an offer letter before making any settlement payments. As far as rebuilding your credit score, please take a look at the following articles: http://www.bills.com/improving-credit-score-articlebills/ http://www.bills.com/rebuild-credit-with-limited-income/

I want to pay off the debt I currently have that is affecting my credit score. I am 22 years old and don't have much to show for credit to have a decent credit score and majority of the debt on my credit report is medical bills. I only have one debt that is an old credit card from 5 years ago with a balance of $255 because they had written off $505. I am wondering, with these medical bills, what do you suggest I do to settle with all these collection agencies and can I either talk them into settling for less than owed amount if paid in full and/or making a payment plan thats affordable bu fast. I want to get all my debt paid off a.s.a.p. but don't want to break the bank by paying it all in full and in one lump sum. Thanks for your help! P.S. What are your suggestions for someone like me, a single mother working full time and full time student, with only medical bills and one closed 5-year-old credit card account to build my credit while in the process of paying off all debt. I want/need to buy a car a.s.a.p. but dont want to go to an Auto Credit if there are anways around it...theyre scam artists!

Answer: Thanks for visiting Bills.com and I think I can help with your credit question. The quick answer is: No! You will not inherit your spouse's credit rating. What you might get however, is that if you jointly apply for a mortgage or a loan, BOTH of your credit ratings will be analyzed if you both apply together. Be sure not to add yourself to your spouse's cards, but you can add your spouse to your cards as a joint-borrower, which will help pull their credit up. Also, you should try to pay off any delinquent cards or accounts as quickly as possible to improve their credit. Also, it might be 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. Paying off delinquent or maxed out trade-lines will almost always help your credit score. If you would like more information, please visit our credit resource page at: http://www.bills.com/credit We hope that this helped you to Find, Learn, and Save! www.bills.com

I am getting married and my girl friends credit is not that good.Will this affect my credit