Re-Building Credit

@SheraD3 (207)
United States
January 25, 2008 7:54pm CST
A few years ago my family went thru a financial crisis and for a few months I was living off of credit cards with no way to make the payments. After I got past the major part of the problem by then ofcourse my credit was totally distroyed. Since then I've been able to work very hard and pay off all my bad debt. But now I am trying to rebuild my credit and it is taking a very long time. I have gotten it to the point where I've been able to get a couple more credit cards again but its been very hard and has taken a long time. Does anyone know the Do's and the Dont's of rebuilding credit? Any tricks to making your credit scores come up faster?
1 person likes this
3 responses
@joyce959 (1561)
• Philippines
26 Jan 08
I have officemates who have gone through the same problem as you regarding credit cards. They are often phoned up by agents and were sent letters demanding to pay their credit card bills. Its difficult to rebuild credit standing once you destroyed it. Even if you have already paying up your bills religiously, I guess it will take years before the credit card companies will again trust you. So I make it a point that I pay my bills before or on due dates to avoid problems.
@SheraD3 (207)
• United States
26 Jan 08
Yes I've gone thru the demanding letters and phone calls as well....Thankfully all that stopped after I was able to pay off my bed debt. And Thankfully a couple credit card companies have trusted me again, but it did take them a long time. I know paying the bills ontime is a very important key factor. Thank you for your post!
• China
26 Jan 08
It's hard to rebuild the destroyed not only like the Credit but many things.No way but insist on
1 person likes this
@SheraD3 (207)
• United States
26 Jan 08
Yes I agree on the fact that it is difficult to rebuild things that have been distroyed. But I have heard that there are tricks to speeding up the process when it comes to credit. Now I just gotta find someone thats done it and learn from them.
@kykidd (6818)
• United States
30 Jan 08
You've already accomplished the hardest part, paying off the bad debt and achieving new. The next thing is just to pay your credit card off in full every month. It will take about 2 years for your score to rise to the point of average or maybe even above average.
@SheraD3 (207)
• United States
2 Feb 08
Yes it was very hard getting it all paid off. Thanks for your information. I guess I just gotta sit back and be paitent then.