Looking to repair bad credit so I can start up my own business.?
August 31st, 2009
I have a terrible credit score. I owe money to 3 companies, but 2 of them are not even in existence anymore. The last is an old credit card bill. Now, I realize i need to pay these things off to help with my credit. After I do that though, how do I get my credit up? Obviously I’m not going to be able to get a credit card, so how else can I quickly start to repair my credit?
If you want to repair your credit and this is your situation, consider yourself lucky that this is as bad as it is. Your situation is an easy one to fix. First, for those two companies who are not in existence anymore, write them a letter and dispute whatever listing they have on your credit report. If they’re not in business anymore, they can’t report that information. If there is a collection agency listed as collecting the debt, find out who they’re and get them to validate the debt. In this case the debt should have been sold to someone, and its likely that they won’t be able to produce any records and they will have to delete the negative listing. If they don’t just get rid of the listing, make sure when you pay all three of these things that you negotiate how the listing on your credit report will look. You don’t want anything else but paid, paid in full, or paid as agreed. Get everything they agree to in writing, this way if future disputes come up you will have a letter to back up the terms of the agreement you made with them. And as far as getting a credit card, you can get one right now, you will just have to pay outrageous fees. Hope this helps. If any of this is over your head, visit the sites below for more answers.
I’ve found some good information here too…
http://www.safelinked.info/jump.php?link=debt
Take care.
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Posted in repair my credit now
HOw old is old?
Since these companies dont exist anymore, contact experian and have them validate the debt
Since the company is gone, no one should be around to do that.
If the debt is not validated, request in writing that it be removed from you report.
With those two entries gone, your score will increase.
Contact the last card and see about negotiating a settlement if you are not close to the statue of limitations in your state (in kentucky it is 15 years so if you are there just pay it) other states find out what it is and if you can wait that long.
YOur credit score will increase, in the meantime, what about getting your friends and family to support your start up.
100 bucks from each of your family members will get you 1k really quickly.
A second job solely dedicated to financing your business will allow you to raise 1k in less than a month.
A partner might be helpful if you can find someone of like interest it might be worth it to have them invest in your dream too…since he she is a partner, they can help you in the day to day operations and manpower issues
Best of luck to you.
References :
If you want to repair your credit and this is your situation, consider yourself lucky that this is as bad as it is. Your situation is an easy one to fix. First, for those two companies who are not in existence anymore, write them a letter and dispute whatever listing they have on your credit report. If they’re not in business anymore, they can’t report that information. If there is a collection agency listed as collecting the debt, find out who they’re and get them to validate the debt. In this case the debt should have been sold to someone, and its likely that they won’t be able to produce any records and they will have to delete the negative listing. If they don’t just get rid of the listing, make sure when you pay all three of these things that you negotiate how the listing on your credit report will look. You don’t want anything else but paid, paid in full, or paid as agreed. Get everything they agree to in writing, this way if future disputes come up you will have a letter to back up the terms of the agreement you made with them. And as far as getting a credit card, you can get one right now, you will just have to pay outrageous fees. Hope this helps. If any of this is over your head, visit the sites below for more answers.
I’ve found some good information here too…
http://www.safelinked.info/jump.php?link=debt
Take care.
References :