Help in repairing my credit score?

i need help in repairing my credit. i am 21 and i have several collection accounts and i do not think that all of them are actually mine. i also just recently got a voluntary repo but i know they still consider that the same as a regular repo. the repo was in april of 07. my credit score is in the low 400%26#039;s. I need help to repair and do not know where to start

Help in repairing my credit score?

Start by committing to doing everything right from here on out. If you have bills for services you can%26#039;t afford or pay on time. Turn them off. Cable, cell etc. Being responsible in paying your bills on time from here on out is the absolute best thing you can do to start.

When you%26#039;re trying to build a solid credit score it%26#039;s important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

35% - Payment History

30% - Credit to Debt Ratio

15% - Credit History

10% - New Credit

10% - Credit Types in Use

Now let%26#039;s take a look at some more steps you can take..

I raised my score to well over 700 points fro 500 using these steps in less than a year -- :

# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)

# Never Miss a Payment, Starting Today

# Never use more than 20% of your Available Credit

# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

# Extend Your Credit Limit on Cards You Already Have before You Get New Ones

# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

# Take out a Small Personal Loan and Repay it Over a Year

# Ask Someone With Good Credit if They will Account Shadow you

Read more here from my blog :

10-Ways to Boost Your MyFico Score

http://millionster.com/articles/debt/inc...

Help in repairing my credit score?

Not sure how many answers you will get on this. You, can, of course, get professional help in repairing your credit but a repo is tough. The most logical thing to do is pay off your debts but, of course, for most people that is impossible. Since you are 21 and IF you have a decent job, I suggest you consider buying a home. A mortgage is much easier to obtain than any other credit. Granted, you will have to sign on for a large interest rate but what I suggest is to try and get the mortgage and take more than the home is worth and have the mortagage company pay off your collection accounts and repo loan. You would than have a clear credit record. After a few payments on your house and by signing up for a secured credit card (and using it wisely) you will start seeing a positive report on your credit. At that time either sell the house or refinance it (this is a couple years out, of course). During this period you can apply for a new car loan and pay it off on time....which will give you great credit.

It may not work...but you could give it a try. Run all your ideas past a credit counselour or your parents and friends, before you do anything.

Help in repairing my credit score?

To repair your own credit you would have to start making payments to pay off the collection accounts and the repo.

If you do not think the collection accounts are your accounts then you can get a copy of your credit report and dispute the item.

Contact a debt management agency who can help you work out a payment plan with the creditors which will eventually help to clean up your credit in the long run because you will have paid off the debts.

Help in repairing my credit score?

Repairyourbadcredit.com. They do collections too.

Help in repairing my credit score?

Your in a big hole - consult a bankruptcy attorney or wrap it in a credit counseling plan.

Help in repairing my credit score?

First, make sure all the information on your credit report is accurate.

Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.

Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.

Repairing your credit and improving your credit score is a slow process that takes time.

Help in repairing my credit score?

Maybe you can try below website to get the information you need. It%26#039;s about credit repair that you can do it yourself articles for your second opinion.