Credit Repair Experiences

[Robert McBride]

I'm 23 years old and I am trying to make up for some past mistakes I made right out of high school.  Such as: becoming a delinquent with one of my banks, non-paid payday loans, and a car repo(Yikes, i know).  No one that I know has really rebuilt their credit because either they are worse than I am with money (such as my parents) or they never have made poor financial decisions so their situation is good.

I want to be able to invest in RE one day, but I have to start with my personal life and finances.

 I hear about credit repair all the time.  But I'd love hear some personal experiences.

[Brian Van Pelt]

I work with credit challenged clients who want to buy homes. The successful ones do the following to repair their credit.

. Make a commitment to pay their debts EVERY month.
. Stop using credit until their debts are paid off.
. Stop discretionary spending (Things you don't need to spend on every month, Like eating out, Trips to Bars,Night Clubs, Movies, Internet other then Basic Cable)
. Make a List on a piece of paper a list of EVERY account they owe
. Sort the list in order of BALANCE OWED lowest to highest
. Start by paying off the First Lowest Balance Debt First.
. Pay off the second lowest balance debt next (Adding the First Lowest Balance Debt (monthly payment) to the second

Using this method you will be Debt Free a lot faster then working with a Service agency and your credit score will improve quicker too.

If you do not have enough income to accomplish this, then you NEED to get a second job.

This method is tried and true and works, you do not have to pay to correct your credit.