Question by Saint: Im working on repairing my credit. I got a copy of my credit report and managed to pay off most of my debts.?
After this last payment I will only have one negative thing on my report. I heard that applying for a secured credit card is the way to go? How long does it take for my score to improve after paying the debts off? Should I wait to apply for a card? Or does anyone know an easier way to improving my score after paying my debts? My credit score is around 550. Any advice is greatly appreciated…

Fast Credit Repair
Best answer:

Answer by lookingfor1227
You can go to these places that give you like 6 month or year loans and take one out. Don’t use the money put it a way in the bank or somewhere. Make two or three months of payments on it. Then go get another loan at a diffrent place for a little more this time. Take that money and pay off the other loan and put the rest in the bank. Pay this one for a month or so and do the samething. Get the thrid loan for a little more than the second and pay off the second one. Then turn around and pay that last loan off when the first payment comes do. I know a guy and he said this brought his score up pretty fast. Just don’t take the money out and spend it and end up with all thesse bills again. With a score of 550 it shouldn’t be to hard to bring it up pretty fast. I think it takes 30 days to show as paid after you pay it off if you have something on your credit. All so make sure they take it off. I paid something one time off on my credit then like 2 years later I go to get something and they still showed unpaid. So I had to call them again. Good luck.

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