Interview with Steve Bucci: Debt Adviser,

Aaron AvatarI recently had a short email interview with Steve Bucci, who is the Debt Adviser at He's the author of several books, including Credit Repair Kit For Dummies and the co-author of Managing Your Money All-In-One For Dummies.

Ok, so a person's credit score is in the toilet. What are practical next steps this person needs to do to begin the repair?

Your credit score is a reflection of your credit history. Improve your future credit reporting by paying bills on time, not opening new accounts unless you need them and reducing existing balances and your credit score will improve.

What should a person do to repair/report a mistake on their credit report?

Follow the instructions for disputes that come with the credit report.

What types of scores are mortgage professionals looking for from a prospective homebuyer?

They are looking for FICO scores in the 700’s but more now than ever, they want to see steady income and few debt obligations.

Is it true that you aren't supposed to close down your credit accounts?

No, it rarely makes a difference. Positive info will continue to be shown on your credit report for years.

Is it true that every time your credit history is accessed, you get points deducted?

No, this only happened when you are asking for new credit and an inquiry is made for that purpose.

What type of advice would you give to someone fresh out of college, with a new job and wants to build a credit history?

Get at budget, save something, spend less than you earn, have fun while you can.

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1 Comment

  1. this post is very usefull thx!

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