How can you fix a bad credit rating?Do late c/card payments give u a bad rating?

You've already got a lot of good advice here, but I'm summarizing here for emphasis. Pay your bills ON TIME, pay all those old debts you've been HIDING from, CUT UP your credit cards, and (unless you are starving or sleeping in an alley somewhere) PAY AS YOU GO. It feels soooooo GOOD to be debt free. You do need to have a good credit rating to ever buy a house, so you should only use a credit card when you know absolutely that you can pay it. Otherwise 'tighten your belt.'

How can you fix a bad credit rating?Do late c/card payments give u a bad rating?
ye i think so
Reply:To fix a bad credit rating, get a copy of yor credit report and go over it with a fine tooth comb. Dispute anything and everything that you think is either wrong or will not be answered, if a company doesn't answer the dispute in an allotted time then it comes off so it's a gamble.





Paying down all your balances is the obvious answer but also don't submit any new applications for credit for a while. No new purchases either! I have no idea what your balances are but if your credit is bad chances are you're paying an arm and a leg in interest, contact your credit card companies and see if they'll lower your interest. If you have high balances you can try to work out a payment schedule with them.





As for the 2nd question. Late credit card payments only give you a bad rating if they are over 30 days late. The longer that they are late the worse it is for you because they report 30,60,90 days etc...However you should avoid late payments all together because even 1 day late can cost you as much as $40 in late fees, yikes!
Reply:yes they do to keep your rating good, make every payment on time.
Reply:A bad credit rating would take atleast 6 months to be fixed cos the credit companies and the beaureu review the credit every 6 months.





YES! late payments/failure to make payments on time do affect ur credit rating negatively as you become a risky customer to be given credit.. also your APR is jacked and is almost doubled once you fail to pay on time for 2 consecutive billing cycles.
Reply:There a certain ways which can aid to improve credit ratings. One, and the most important one, is to make timely payments.





Some others, not to let debt became that delinquent that is had to be handed over to a collection agency.





If you have debts, establish open communications and try to work things out, that can avoid further negs on the credit rating, which will lower the score. And even if things are delinquent and it has been reported to the credit rating, there are always thing to be looked out for: Is the balance amount correct which is shown to be owed? Do more than just one company claim the same thing delinquent/unsolved? (happens usually when debt titles are being sold/transfered from one collection agency to another).





As for credit card payments, it's at the sole discretion of the cc company to file a negative rating if that is a continues situation and the prinicipal debt balance remains unpaid.
Reply:The only way you can fix your credit rating is clear your debts and try and make payments for stuff promptly and on time.
Reply:contact experian. Pay the £1 or £2 fee and they will send you a credit report. You will then see why, if you have, been refused credit. You may rack up points for late payments. Each time you apply for credit, successfully or not, you get more points.


See if you owe anything. Pay it off and then contact Experian with evidence of settlement and they will then adjust your Credit report.