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Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Who are you?

Feb 15, 2017 07:21 PM
Rainmaker
4,491,276
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Why don't you speak with a credit specialist?

Feb 16, 2017 03:36 AM
Rainmaker
2,153,027
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Out of my scope of expertise. 

Feb 16, 2017 05:21 AM
Rainer
213,213
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Pay your loans/credit cards off, pay your bills on time

Feb 16, 2017 03:14 AM
Rainmaker
415,491
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Ask a lender

Feb 16, 2017 10:44 AM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

stop spending beyond your means.... 

Feb 16, 2017 09:12 AM
Ambassador
3,158,194
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Pay their bills on time and don't spend more money than they make. It is really that simple.  Pay off Debt and save money. 

Feb 16, 2017 08:09 AM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Abby,

Contact a credit specialist.

Feb 16, 2017 07:06 AM
Rainmaker
4,568,092
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Contact Gene Mundt or Joe Petrowsky for a wealth of information

Feb 16, 2017 04:44 AM
Rainmaker
608,980
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Pay off credit card debt. Don't open any new accounts. Pay off any past due accounts.

Feb 15, 2017 09:29 PM
Ambassador
4,552,858
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

As Julie Larson Realtor® Sarasota said - refer them to Credit Karma - lots of self-help and tools to help your folks get their credit in order.  Having two millennials, they have lots of friends I've referred there!

Feb 15, 2017 09:17 PM
Rainmaker
146,758
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

Sign up for a free CreditKarma.com account. They've got all kinds of tips on how to improve your credit scores including the best ways to lower your credit card debt.

Feb 15, 2017 08:30 PM
Rainer
320,129
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Pay your bills on time. Don't overcharge. Have a mixture of credit lines.

Feb 15, 2017 07:56 PM
Rainmaker
1,357,522
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

spend less, pay down more debt.

have a budget

70-10-10-10

Richest Man In Babylon

Feb 15, 2017 07:42 PM
Rainmaker
4,264,029
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Contact a professional qualified in the field.   

Feb 21, 2017 09:25 AM
Ambassador
5,752,727
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

All about playing their game, take on credit, and pay it off.

Feb 17, 2017 11:07 PM
Rainmaker
634,382
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Never miss a payment.

Keep at least one credit card account long term, the longer the better.

Have a high ratio of available credit compared to the amount you owe.

Feb 17, 2017 01:59 PM
Ambassador
3,077,130
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

don't carry credit card balances and pay your bills on time.

Feb 17, 2017 01:57 PM
Rainer
55,453
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

Credit scores will increase over time if you do not show any past dues for one year and especially in the year one is applying for a mortgage. So, if your were past due in 12/16 you may have to wait until 12/17 to see a slight increase. Also, for every debt you have that stays current, this too will help in 12 months history of the debts. Fair Issac and COmpany (FICO)..can be manipulated by consolidating credit cards. Let's say you have 3 cards with a $10,000. credit limits. It would increase your FICO by 10 -20 points, by placing all the debt on one card and have little or no debts on all the others. When FICO looks at the credit it will show that you do not abuse your credit due to the many cards with little or preferably zero balances. I am not in the credit business,but over 30 years ago, I helped a friend start a credit agency and these are a few of the tips he told me. In the mortgage world, increasing a FICO score by 5 points can me an approval.Finally don't re-lie on anyone outside the credit/finance world, due to the constant changes in this particular area. Be careful picking any Credit Counseling agencies. I give my borrowers a copy of their report (which I helped create) for it shows ever company they ever death with and contact information. Remember, you don't know where you are going, until you know where you are at.....Take care.  

Feb 17, 2017 01:46 PM
Rainmaker
7,037,228
Roy Kelley
Retired - Gaithersburg, MD

Make payments on time.

Feb 17, 2017 07:03 AM
Rainmaker
142,746
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

Pay bills on time.

Don't max out credit cards.

Feb 16, 2017 08:11 PM
Rainmaker
4,386,589
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

A credit speacialist can you the right answer.

Feb 16, 2017 07:09 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

pay your bills on time

Feb 16, 2017 07:04 PM
Rainmaker
2,224,167
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Pay your bills on time. If you have credit card debt get rid of it. At least get it down to 30% of your total credit limit. 

Feb 16, 2017 06:39 PM
Rainmaker
4,333,755
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

work with a lender that is willing to talk to the people.  You sell Real Estate!

 

Feb 16, 2017 03:06 PM
Rainer
2,340
Michael Spector
Michael Spector Group-Your Castle Real Estate - Denver, CO
Real Estate and Mortgage Broker in Denver

pay all your revolving credit cards to under 30% of their credit limits

Feb 16, 2017 02:20 PM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Contacting a lender that also specializes in credit clean up is most helpful. Everyone has different reasons for low credit scores. In general though, pay bills on time, don't spend exceedingy on credit and pay off debt.

Feb 16, 2017 11:50 AM
Rainmaker
1,430,241
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Pay their bills on time.  Get rid of unused credit cards.  Pay off debt.  The usual stuff you can find on a quick google search.

Feb 16, 2017 09:48 AM
Rainmaker
849,202
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

This is so broad. It really depends on how the individuals got into the bad score situation. The simplistic answer is reduce your debt or stop running up debt. However, if you do have debt, the key is to pay on time and regularly. To build up a good score, if you are young, start early - get a credit card (with a low limit, so you don't go crazy), spend judiciously and pay it up every month to avoid interest charges.

Feb 16, 2017 08:53 AM
Rainmaker
680,229
CA COASTAL ESTATES Lauren Selinsky Perez CRS
California Coastal Estates - Aliso Viejo, CA
"Your Real Estate Broker" #oclauren

Abby,
Do not purchase and use credit cards.
Be sure your balance is less then 50% of credit limit
Ex: credit limit 1200.00
Balance should be less then $600.00
If you paid off a credit card. Do NOT close the credit card
Do you show charge offs? Contact and offer to pay a negotiated amount to clear to zero $0
Outstanding debt owed? Contact and also negotiate pay to clear to zero. BE SURE IT IS IN WRITING. Will be zero $0

That should cover it!
What if you don't have enough credit?
Open a secured card. You give bank that offers this let's say $500.00 and you get a credit card with credit limit of $500-
Good luck! Feel free to contact me. 949.310.4960

Feb 16, 2017 08:01 AM
Ambassador
1,900,427
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Since I'm not a credit specialist, my best advice is:
Pay down or pay off debt
Increase reserve funds (savings)
Stay on the job more than two years
Increase verifiable income
Keep debt to income ratio low
etc. etc. etc.

Feb 16, 2017 07:22 AM
Ambassador
2,608,498
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Don't do a strategic default.

Feb 16, 2017 07:07 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno Don't use your credit card except for an emergency.

Feb 16, 2017 06:25 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your lender.

Feb 16, 2017 06:09 AM
Rainmaker
3,384,723
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is am easy recipe: Pay bills on time, reduce balances to below half of what your credit limit is, go on each credit bureau site and review your credit report disputing anything wrong and NEVER pay anyone for what you can do for free. There is no magic or over night fix available 

Feb 16, 2017 05:48 AM
Rainmaker
915,878
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Spend less.

Save more.

Reduce debt.

Abby, those are easy instructions to give but when one is living hand to mouth, paycheck to paycheck, dodging phone calls and can't get that credit score above 680, it is frustrating.

Now I do need a response from you.
Do you own a house or rent?
Do you own a car or take public transport?
Are you employed? How many hours a week?

Tag me in your response.

Feb 16, 2017 05:29 AM
Ambassador
1,616,454
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

real easy pay off all debt and pay your bills on TIME

Feb 16, 2017 04:34 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered.

Feb 16, 2017 03:50 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

There are many great articles that can be found by using Bing.

Feb 15, 2017 11:47 PM
Ambassador
4,316,215
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno beyond my expertise level for sure.

Feb 15, 2017 11:25 PM
Rainmaker
1,558,356
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Check your credit for free all 3 credit bureaus 1/year for mistakes. Regularly monitor your credit. Now many banks offer free credit data( Wells Fargo, City, AmEx, etc.). Pay the smaller credit balances in full first and schedule your payments on larger balances. Do not miss any payments and pay ontime, pay at least min of what you have to. 

Feb 15, 2017 11:05 PM
Ambassador
4,743,552
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Keep your ratio of used credit to available to less than 25%; pay ALL your bills on time;have multiple sources of credit. Talk to your lender

Feb 15, 2017 08:41 PM
Rainer
258,949
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Immediate positive hit would be to pay or challenge any charge offs. 

Feb 15, 2017 07:17 PM