Fix My Credit

Fixing your credit is a methodical and disciplined process - there is no secret that will change your credit overnight. But, you will be surprised how quickly you can make a positive impact. Some Financial Samaritan customers have seen improvements in their credit score by as much as 150 points in six months.

Most of us have been through tough times when we could not always make timely payments. The best and fastest way to overcome a past credit problem is to get your income and payments into balance so that you put those payment problems behind you.

Debt negotiation can reduce the total amount of debt you owe. If you owe less debt, you have more of your income left over each month. More income helps you make your payments on time. Every month your credit score will get a little better than the month before.

The faster you can build a good history, the faster you overcome old problems. The older a credit problem, the less impact it has.


Fix My Credit FAQs

Click on a question to view the answer.

What is a credit score and why is it important?

  • Your credit score is a 3-digit number between 300 and 850. The higher the number, the better. Scores over 650 are considered ’prime’.
  • Credit scores are very important. Lenders use your credit score to determine if you are a good loan risk. They also use your score to decide what interest rate you will pay on auto loans and home loans.
  • Credit scores can even have an impact on what job you land and where you live. Many employers use credit scores to analyze job applicants. Apartment landlords often do the same before deciding whether to rent to a prospective tenant.

Can you help fix my credit?

  • Yes. Fixing your credit is a methodical and disciplined process - there is no secret that will change your credit overnight. But, you will be surprised how quickly you can make a positive impact. Some Financial Samaritan customers have seen improvements in their credit score by as much as 150 points in six months.
  • The first step is to find out exactly what your credit report says.
  • Financial Samaritan can provide you with your credit score and information about your delinquent debts. You may also want to request a copy of your credit report from each credit report agency. You can order your credit reports at no cost from www.annualcreditreport.com.
  • There are a lot of factors that go into determining a credit score. The most important factors are:
  • • The amount of credit you use
  • • Your payment history
  • • The length of your credit history

Can debt negotiation improve my credit score?

  • Yes, in many cases. Debt negotiation can reduce the total amount of debt you owe. If you owe less debt, you have more of your income left over each month. More income helps you make your payments on time. Every month your credit score will get a little better than the month before.

I have had past problems making payments on time? Will this prevent my credit score from getting better?

  • Most of us have had this problem at some point. The best and fastest way to overcome a past credit problem is to get your income and payments into balance so that you put those payment problems behind you.
  • The faster you can build a good history, the faster you overcome old problems. The older a credit problem, the less impact it has.