0
There is no easy way to repair a bad credit history, but with patience and willpower, it is possible to see one's credit score rise again. First, an individual should educate themselves about their rights according to the Federal government. Second, it is important when you have a bad credit rating to make certain the information on your credit report is accurate. one can seek credit counseling from a government approved agency, many of which offer no cost or low cost counseling services. These services can often help individuals in debt make proper decisions about consolidation or bankruptcy. Finally, it is imperative to avoid further damage to one's credit rating by avoiding new lines of credit that are outside a monthly spending budget.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How does one do a credit history check?
One does a credit history check by running a credit report. There are three major credit bureaus which handle this, and the most complete history is obtained by running a report through all three. There are ways to do this for free at least once a year. Once the credit history report is run, then the report should be looked over and any mistakes, particularly ones which reflect badly on the creditor, should be corrected.
Will a bad credit history in Canada follow you when you move to the US?
Only if the consumer voluntarily reveals the information or finds it necessary to reveal the information to obtain credit in the U.S. It is true that Equifax and TransUnion have bureaus in other countries. However, consumer credit information either good or bad cannot be transferred from one country to another due to the differences in consumer laws, such as the U.S. FCBA, FCPA and so forth. Yes, particularly from Canada, as they and the US share many of the same credit agencies. The best you can do is pay down balances and wait patiently for old accounts to drop off your credit history.
How one's credit history is established or affected in the US if one only has credit cards as a secondary authorized user only?
It still helps your credit and will make you more likely to be approved by those same companies for your own credit card.
Why dont they show horrible histories anymore?
They do but most of the times it’s the new one the bad one
Will your bad US credit history follow you to Canada?
AnswerThe poster is not completely right. I'm an American who has moved to Canada. None of my credit history has followed me to Canada. You will basically start from scratch (which is not easy.) It is true that if you're looking for a large loan (mortgage, for instance), a bank could be persuaded to pull your US history, but for anything else (credit cards, etc.) not only will they not ask for it, but they are usually not interested in getting it. NO bank in Canada (trust me on this) will pull your US history by default. AnswerIn a short word YES. All immigrants to Canada, regardless of where they come from, start off with a neutral credit record, neither good nor bad. In your case, however, a quick computer check will show all your US credit problems, and you will very likely be denied ANY credit here in Canada.The only way to correct that is to pay off your US credit accounts and start to learn to pay CASH for things, after saving up for the item you wish to buy.I know it is hard to believe, but that is the way many of us do it. No credit cards, no interest payments, no late fees. My motto is Pay Cash and Be Happy. And of course, if you pay CASH for an item, nobody can come and take it away from you. EVER.AnswerI certainly agree where consumer debt is concerned. But, Jim, are you suggesting that US residents should NEVER get a University education or buy a home. . . two goals that are out of reach for most people without incurring debt in the thousands, or hundreds of thousands of US dollars? The US and Canada have separate credit reporting agencies. You will have neutral credit, but may find it difficult to establish credit without a history. The most honorable thing to do is make arrangements to pay off your US debts. Either way, examine your spending behavior and decide to change the habits that caused the bad credit history in the first place. Then, even if you stay in the US, your credit history will significantly improve in 7 years.Also, be aware that if you have a bankruptcy, you will not be granted immigrant status in Canada.AnswerI'm a bad one to ask about how I paid for my University degrees. I was a full time member of the Canadian Army, a military police investigator, so I had to arrange to get my education at my own expense, so YES I did pay in advance, for all of it, year by year. I was doing this long before there was such a thing as "distance learning" by computer. I did it the hard way, by correspondence courses, from where ever I my duty took me.Took me 11 years, but I did achieve a BA and then a Masters in Canadian history.I agree that most folks have to have debt, for a home, for instance, but credit cards are simply too easy to get, and too hard to get out from under, for many people.
How can you repair bad credit card history?
It's never too late to repair your credit and heal your bad credit history. One place to start is to pay down your debt and stop using credit immediately.
How do you get credit card with bad credit?
If you have a bad credit history, you can still avail of credit card applications. It depends on the company. Sometimes, you have to fix your credit card history before you can apply for a new one.
What steps can be taken to repair bad credit?
One step to repair bad credit is to fix any errors currently in your credit report. The other obvious solution is to catch up on any missed payments that you currently have.
Where might one with a bad credit history look for a mortgage?
One might get a mortgage when having a bad credit history through subprime mortgage lending, which means making loans to people with a bad credit history. Companies who offer subprime lending include: Amigo Loans, Piggy Bank and UK Credit.
Why would a person consult an attorney who specializes in credit repair?
One would consult with an attorney who specializes in credit repair if one is in a poor financial situation or has a bad credit history. A Credit Repair Attorney will assist in repairing ones credit rating in order to be able to begin building a credit rating and pay off bad debt.
How can one remortgage with a bad credit history?
There are a few credit companies that allow one to remortgage with a bad credit history. Some companies that offer this service are 'Clean Slate Mortgages', 'Norton Finance' and 'GE Money'.
What kind of credit card can customer with a bad credit history get?
One that's secured by collateral
What kind of a credit card can a customer with a bad credit history get?
One that's secured by collateral
What kind of a credit card customers with a bad credit history get?
One that's secured by collateral
What kind of a credit card can customers with a bad credit history get?
One that's secured by collateral
If a couple is trying to rent an apartment and one has bad credit but the other has good credit do we need a co-signer?
The need for the co-signer will depend on the management. However, it would be best, given the bad credit history of the one person, to make sure that the one with good credit can solely support the rent payment. That is because bad credit history reflects a poor payment history.
Where could one get advice on how to repair their credit history?
There are a few places where one can go for advice regarding repairing their credit history. The Citizens Advice Bureau offers advice, as well as, an expert website who offer free reports regarding your credit history.
