Credit Repair Techniques - Part 2 of 3
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Credit Repair Techniques - Part 2 of 3 Now that you have ordered your credit reports and mailed in your dispute forms lets go on to the next step in the repair process. First of all DO NOT APPLY FOR ANY MORE LOANS during the repair process. This will only result in additional inquires that will result in lowering your credit scores even further. Secondly DO NOT PAY OFF YOUR COLLECTIONS I have seen where this has actually resulted in Lowering a persons credit scores. Finally it is best to have no more than 3 or 4 open credit cards at any given time. This includes Master Card, Visa, Discover Card, American Express, Shopping Store Cards and Gas Station Cards. Pick out the 3 or 4 you plan to keep and close the rest. The credit cards you want to keep open are the ones with the highest credi...