I Screwed Up My Credit Score. Is There Hope to Bring it Back?

Question: Dear Steve, Several accounts past due on my credit report due to some medical problems last year. Trying to raise my score by 30-50 points to obtain a home loan. I have approximately five accounts with minimal balances that for some strange reason, I stopped paying all together last year. Please do not judge … Read more

5 Things You Do Every Day That Can Improve Your Credit

Among all the strategies out there for improving your credit standing, it’s important to take note of the things that are easy. Some of the best ways you can help your credit are so ingrained in your day-to-day routine, you’re probably working on your credit without really thinking about it. The simple, carefree route to … Read more

I’m 21 Years Old and My Credit Score Sucks. How Can I Improve It? – Lore

“Dear Steve, Hello, I am 21 years old and recently checked my credit score. Due to pass due bills not being paid I am carrying a 580 credit score. I am aware that this is horrible but I am not sure how to go about getting this fixed. I already have a secured credit card … Read more

How Long Will it Take to Get Good Credit After Bankruptcy? – Amy

“Dear Lewis, My husband and I filed bankruptcy chapter 7 in Dec. 2010 and it was discharged in march 2011. I have previously worked as a bank teller before we moved states( which caused our bankruptcy because we couldn’t sell our house). I have had 2 great interviews for bank teller but my credit report … Read more

We Need to Raise Our Credit Scores So We Can Buy a House. – Cassie

“Dear Steve, My husband and I would like to purchase our first home, but are having difficulty getting approved for a loan in the amount we desire and can afford. My husband has bad credit (score 585) and quite a bit of collections on his credit report. It consists of an old unpaid loan, unpaid … Read more

You Really Helped Me Boost My Credit Score. I’m Forever Grateful. – Ericka

“Dear Steve, I have followed your advice before and glad to see a great change in my credit report. I used to have a horrible score of 305, which is the low of the low. When I lost my job in 2007 and my high income, I defaulted on 2 of my credit cards and … Read more

How Can I Improve My Credit Score? – Dylan

“Dear Steve, 30 years of age. Need to improve credit. Tried MSI. Worked on it myself. Score went from about 600 to 630 in almost 10 months. Just wondering if you have any ideas on improving my score. I gave my MSI review on your website. I’ve already been working on this for a while … Read more

How Do I Make the Collector Go After My Ex-Husband For His Debts Instead of Me? – Sarah

“Dear Steve, I have made mistakes in the past with bills. I really didn’t care about my credit. I am now 32 and have a credit score of 545 and have woke up to my stupid past. I have 14 derogatory things on my credit report. Most of them are not even over 300. I … Read more

Credit Scoring: How it Works and How You Can Improve Your Score

What Is Credit Scoring? If you have tried to get credit, a loan or a mortgage, you may have had your credit information graded for risk potential. This is called “credit scoring” or “risk scoring.” Credit scoring is one factor that lenders or creditors consider to determine if they should give you a loan, a … Read more