Fast Credit Repair
by Ken Lund

Easy Ways to Repair Credit Repair Debt Consolidation

Maintaining a good credit standing is done simply by paying debts in full and on time. The failure of some to follow this tenet results into being in a quagmire of indebtedness and having a blot in their credit score card.

Having a bad credit record would not sit well with financial institutions as you would be deemed as a loan risk. If this happens, you would be unable to avail of low interest rates, your would be faces by hard to meet credit standards and generally, be unable to avail of a loan from any financial institution.

But lessons learned would mean taking advantage of the credit repair debt consolidation scheme. In order to preserve your present credit record, one should be able to clear unpaid bills within one year.

Get a copy of you credit card record from such organizations as TransUnion, Experian and Equifax. All three could provide you with with a free copy. Monitor your record by getting a report once every four months.

Review each entry on you record thoroughly and be sure to clarify some items that you think are incorrect or misstated. The credit card company, after you send your inquiry, should be given at least a month to explain the wrong entry. But if the company fails to do this, then the entry should be deleted from your record.

A full-proof credit repair debt consolidation plan would entail enabling you to pay your debts on time. But make sure you prioritize what bills to pay first.

Pay the loans with the highest interest rate first. Between a credit card that charges 3 percent a month and another loan which has an interest of 18 percent a year, the credit card bill comes first. But you can also settle other loans by paying them in increments.

Set a credit payment schedule and stick with it to the letter. Credit score credits include paying bills before the due date. Financial institutions would reconsider your credit card standing if you pay all bills  on time.

Credit repair debt consolidation plans could include keeping a secured credit card because this can assure your credibility as a borrower.

Moreover, this could mean a shorter time for you in settling credit card bills. It is your choice if you wish to your credit repair debt consolidation plan and become debt-free.

Fast Credit Repair