Posted by Carmen on April 15, 1999 at 09:32:42:
In one word - Persistence.
In my past life as a realtor, I used to help people with their credit. Persistence was the key.
Get copies of all your credit reports. Write to the credit agency challenging every late fee or derrogatory that you find. Tell them you have never paid late, and that you want all derrogatories removed.
For actual judgments, if you have worked something out with the creditor, get something in writing from them, then challenge the derrogatory. Some creditors have told me that they will not confirm or deny when called by a credit agency, if you have agreed to some form of repayment to them. This means that the credit agency cannot verify info, which means they may take it off.
Do this every month. Sometimes, it’s just a matter of how “busy” the person who gets your file is at the credit agency that day. Do they feel like verifying, for the 5th time, whether you made a late payment three years ago? Chances are, no.
This strategy has helped me get quite a few people into homes. It does take a little while, depending on your credit situation, but it’s worth it. And, if nothing helps, time will heal all wounds. A 3-year-old judgment is not as damaging as a 3-month-old one.
I also agree with the other posts - be up-front. People appreciate honesty, and may be willing to give you a chance since you were honest with them.