Categories for Fixing Credit

Best 5 Resources For Improving Credit Score Right Now

December 6, 2010 2:14 pm Published by

Dealing with bad credit can be very hard. There are many different things that bad credit holders might not be eligible to get in order to get ahead in life. These top 5 methods have been developed in order to help anyone for improving credit score in no time at all. Begin right now with this great guide and start taking the road towards a brand new credit score that will help you out in life.

Knowing the current credit score as well as the amount of debt that is outstanding is the very first step that needs to be taken care of. The credit report is the best place to get this information and can be ordered directly from the internet. Some sites will offer free trials while others will give at least one of the credit reports to the individual at no charge. Look around and make sure to pay close attention to the lenders that are currently outstanding and in need of payment.

If the lender is not paid on time, they are not going to be easy to work with. Calling them to find out what the options are is very important. If the lender has the ability, they may be able to offer lower payment plans. This is going to help the individual pay off all of their accounts each month without putting too much strain on the wallet. Do not ignore them when they call or send out mail, this is only going to make the situation worse.

It is important to remember that the lender will take action if the new payment plan is not followed. The individual needs to make sure that they are making the payments on time or at least communicating with the lender if something changes. The lender needs to remain updated so that they know when they are going to be paid. Make smaller payments if necessary and everything should work out.

To get some extra help find out about popular debt consolidation companies and services. These services will assign and individual to your case in order to get help as soon as possible. They will talk with the lenders and work with them to ensure that you get a plan that you can work with. Follow what they say and it should be easy to get back on top once again.

There is not a lot of time to waste when it comes to taking care of debt. Services usually devise a plan that is simple to follow and millions are now living without any debt at all. Remember, if you wait too long the debt amount is going to increase and things are going to be much harder.

People have been able to improve credit score with these top 5 tips. Use services in order to have some extra help that can act as a good mediator. Once the payments are being made the credit score is going to improve and individuals will be able to move on with their lives without all of that debt.

Get the exclusive low down on five ways for improving credit score instantly now in our comprehensive guide to fix credit score fast.



Know of any resources for fixing credit?

December 6, 2010 6:00 am Published by

Question by vrc: Know of any resources for fixing credit?
I have no active accounts in my credit. I have not had anything in my name in over 2 years. Everything on my credit is old stuff that are in collections. I am going to start paying them off, but I want to do it right. Are there any tricks to know when fixing credit when you have nothing active? I went to Suzy Ormans site and she only talks about paying off things that are active…any suggestions?

Fast Credit Repair
Best answer:

Answer by CatDad
If any of the debts are old charged off credit card debts, then it’s best to sit tight…paying off old charge offs will not help you credit rating and doing so will probably stir up more trouble than it’s worth. You could ending up triggering aggressive collection activity against yourself by renewing contact with collection agencies over old charge-offs. This risk is not worth a tiny increase in your credit score.

You may be able to negotiate the complete removal of non credit card debts like defaulted cell, medical, utility bills etc. from your credit report with a Pay for Delete agreement. This is a written agreement where you get a signed agreement from the debt collector (PRIOR to making any payment) where they offer to remove the negative items from your credit files after an agreed-to amount is paid. They will NOT want to do this….all they want is your money and their commission and they could not care less about your credit rating….Still, you have something they want (money) and that puts you in a position to negotiate on this issue. Example letter:

I am willing to resolve this issue if your firm sends me a written agreement that you will remove all negative notations from my credit report after the agreed-to amount is paid to you. Upon receipt of this letter I will mail you a USPS money order for this amount.
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Again, they are not going to want to do this…if they simply refuse to remove it, then you want to negotiate that they will update your credit report to “Paid in Full.”

Get all terms of any settlement deals IN WRITING FIRST, then you pay. Never accept verbal promises over the phone…they’ll promise you anything over the phone to get your money then they’ll deny that any agreement was ever made once they have your money. Pay only via USPS money order. Photocopy and keep in your permanent records. Never, ever give them your checking account numbers for payment.

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Q&A: Is Home Pointe Financial Corp the real deal in fixing credit and getting you a mortgage?

December 1, 2010 6:00 pm Published by

Question by Barbara: Is Home Pointe Financial Corp the real deal in fixing credit and getting you a mortgage?
I am just about ready to give my first payment to this complany to fix my credit and give me a mortgage. Has anyone dealt with them before? I can’t afford to give money to a fraudulent company. Thanks

Fast Credit Repair
Best answer:

Answer by Caveat Emptor
Any company that claims to “fix your credit” is a scam.

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Best company to work with when fixing credit?

November 21, 2010 6:00 pm Published by

Question by Nuala: Best company to work with when fixing credit?
I’d like to fix my not-so-great credit and improve my score. I’m looking into the possibility of working with a consolidator or credit improvement service; I’ve heard good things about companies such as Ameridebt or Lexington Law. Any recommendations?
Note: I’m engaged to a mortgage broker, so he has a lot of experience with the credit bureaus, scoring, improving credit, etc. He also holds seminars on financial advising. So I could probably do this myself or with his help, but I’d rather take it to an outside company who specializes in this. I don’t mind paying fees, unless they are astronomical.

Fast Credit Repair
Best answer:

Answer by Smoovy Loco
I’m currently using Lexington Law. They’ve been a godsend to me. They’ve actually managed to dispute and remove several negative items off my report. They offer a lot of other services as well. Granted, it does take time, so don’t expect it to happen overnight.

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