Trying to help someone rebuild their credit

As far as I'm aware, the only bad things on her report were the accounts in collections (more on that below) and some late payments on her student loans. She has no other lines of credit.



I guess I didn't research this enough, because I didn't work out such a deal with hers. When I used her last free credit check, all her accounts were marked paid in full, despite one agency still telling her she owed the money. I'll probably buy her a new credit report and see what it says. If she still does have one marked for collections, then I guess I have some leverage with that agency. If not, then I guess she'll just have to wait for seven (or however long) years before they fall off (unless that law gets past that removes paid-off medical debt in months instead of years). I did see that her CreditKarma score jumped about 20 points after she paid off her accounts in collections, but that's just a drop in the pool.

So, I'm going to re-run her credit (what's the best agency to run it through?), try to get her that Capital One card financechick linked, and get her on my Amex.

As far as I'm aware, the only bad things on her report were the accounts in collections (more on that below) and some late payments on her student loans. She has no other lines of credit.



I guess I didn't research this enough, because I didn't work out such a deal with hers. When I used her last free credit check, all her accounts were marked paid in full, despite one agency still telling her she owed the money. I'll probably buy her a new credit report and see what it says. If she still does have one marked for collections, then I guess I have some leverage with that agency. If not, then I guess she'll just have to wait for seven (or however long) years before they fall off (unless that law gets past that removes paid-off medical debt in months instead of years). I did see that her CreditKarma score jumped about 20 points after she paid off her accounts in collections, but that's just a drop in the pool.

So, I'm going to re-run her credit (what's the best agency to run it through?), try to get her that Capital One card financechick linked, and get her on my Amex.

If for some reason this 30 year old female is still not responsible with her money than you sir have issues. I've heard that putting utility bills under her name and pay it off and that should help her credit a bit. It would show that things are being paid on time. Can someone confirm that?

it's on the way

http://www.nytimes.com/2011/12/03....html?_r=1

So for the young up and coming 18 year old. Whats the best way to start there credit going besides a credit card, I would hate to give my little sister something like that. She go crazy.