Categories for Fixing Credit

How These Simple Steps Can Help You Protect Your Credit Score

August 3, 2010 7:36 pm Published by

Your credit score is an extremely important and influential number. If this score is not ideal then you may need to use credit repair steps to raise your credit score. Once you have this score where you want it, you will need to take some steps to protect your numbers. Credit repair is important, but once this is done you will also need to practice credit score protection methods and techniques as well. Budgeting, smart financial planning, proper organization, and changing your spending habits are all steps that you can take to keep your credit score high, once you have it repaired. You will also need to monitor your credit reports and scores to ensure that no mistakes occur and to prevent or detect any identity or credit fraud.

How Budgeting and Financial Planning Can Help Protect Your Score

As many of you know, your credit score is a reflection of your ability to repay your debt and your history of payments. Keeping your credit score at a level where you feel comfortable is very important. Proper financial planning and budgeting are both very important factors in helping you keep that score right where it is. This means making sure that you are paying all of your bills on time and paying off all of your debt in a timely fashion. Following these two simple steps will ensure that you are not seen as a high credit risk and will ensure that any credit applications you submit receive optimal interest rates and terms.

Don’t Forget About Any Correspondence Received From Creditors

Receiving a correspondence for a collection agency is never a pleasant thing to receive in the mail. Usually these notices are for an outstanding debt that you owe to the company. It is extremely important that these notices are answered in a timely manner. You will usually have about thirty days to dispute a correspondence from one of these agencies. After that time has expired, the debt will then be seen as valid. If that happens, your credit score is going to reflect that in a negative way. So stay on top of all paperwork that you receive from any creditor or collection agency and this will help protect your credit score.

Always Limit Your Credit Applications and Spend Available Credit Wisely

Once your credit score is excellent, thanks to your credit repair efforts, make sure that you use your available credit wisely. Limit the credit applications you submit, and if you are looking for a new card, or any other type of credit, make sure you submit your applications around the same time. Numerous credit applications over an extended period of time can harm and lower your credit score, so if you are looking for a new credit type make sure that you put in all the applications within a short time. This will allow possible creditors to evaluate your credit reports and understand that all of the inquiries are related. Otherwise your credit report may give the appearance that you are desperate and need credit, which causes your credit score to drop and will hurt your chances of approval, or the best possible interest rates and terms.

Visit Quick Fix Credit Score for your free report on 10 Free Steps To Instantly Start Repairing Your Bad Credit!



HDTV Secrets – Fix Bad Pixels and Why 720p Often Wins

August 3, 2010 5:00 pm Published by

Best HDTV Tips, Tricks and Secrets: Some simple DIY remedies for fixing stuck HDTV pixels. The Top 5 Best Car Chase Scenes in HD Movies. Cheap Big Screen Monitors that aren’t crap! When 720p makes more sense than 1080p. Not all rear surround sound speakers are the same: dipole, bipole, or direct. HD Nation!
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Bankruptcy Repair – Yes You Can!

August 3, 2010 12:00 pm Published by

For those who have had to declare bankruptcy, you already know that this is one of the most damaging marks that you can have on your credit report. Many creditors consider it a “deal-breaker” when considering credit applications.

The two most common types of bankruptcy are referred to as “Chapter 7” and “Chapter 13”. A Chapter 7 bankruptcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.

Either way, bankruptcies stay on your record for at long time. If you want to improve your chances of getting credit in the future, you should consider trying to do some bankruptcy repair.

It doesn’t matter if everything else on your report is perfect, as long as it’s showing that you’ve filed for bankruptcy that flaw is going to stick out like a sore thumb and you’re going to have problems trying to get any sort of credit. If you have any hopes of restoring your credit to what it once was, you’re going to have to find out everything you can about bankruptcy repair.

You can consider consulting different services that specialize in bankruptcy repair. You can often find a lawyer who will represent you through any proceedings or hearings. These days, you can even find a treasure trove of information online, including step-by-step guides to do it yourself.

While it is difficult to remove bankruptcy information completely, there are credit repair companies that have had success doing this. More often, the information can be cleaned up and updated, adding explanations that will be included in your credit report.

There are also legal firms who specialize with bankruptcy repair as well as other agencies that will repair your credit listed on the internet or through yellow pages. These agencies will talk to you on the phone or through free first appointments.

The author is currently researching Home Made Wine methods and recipes, as well as the hobby of Genealogy Searches for upcoming review articles.



How To Increase Your Credit Score

July 31, 2010 5:05 pm Published by

Your credit rating is among one of the most important things in your life. It will determine your future. And your life can be more fulfilled if your rating is high. You need to find out how to increase your credit score to make your future brighter.

You can quickly improve your score by getting a line of credit and paying the bill religiously. You may be able to get a credit card, or a card from a department store. As long as they report monthly to the major three recognized credit bureaus, you will be on your way to improving your credit score.

If your credit is less than perfect, or you have never had credit before, you may need to secure a pre-paid credit card. That is a credit card wherein your money is put down on it, and you borrow against it. You are borrowing against your own money, and paying the institution interest, in order for you to be able to use what looks like a charge card. Since they report monthly to the credit bureaus, this should help you.

You can also obtain credit through a used car dealer. They are probably among the most lenient lenders. This is because people who buy used cars usually can’t afford a new car. And often their credit is a bit tarnished. They need the sales, so they have to be more forgiving. Just be sure they report monthly to the credit bureaus.

When you are given the line of credit to work with, you must make the payments on time. They must be made before or on the due date. That means that the institution must receive your payment before or on the exact due date. It cannot be late. Sometimes there is short grace period, but as soon as that period passes by, the bill will be reported to the bureaus as a thirty-day late payment. Your credit will already be ruined.

For twenty-four months your payments need to be made on time. They can be for more than the minimum amount due, but not for less. The longer this good habit continues, the better your rating will be. Do not try to make payments that are above the minimum payment to earn points. The credit companies do not care at all about that. In fact, they want you to pay the minimum payment, so that you continue to collect the interest.

Once a pattern is established, you can see how easily it is to stick to it. Your score will increase nicely, and your auto insurance premiums may even decrease over time. When you learn how to increase your credit score, you can buy nearly anything you want.

Learn more about fixing your credit score at Quick Fix Credit Score. Where you can receive your free report on “10 Free Steps To Instantly Start Repairing Bad Credit”!



Q&A: Fixing credit?

January 28, 2010 5:24 am Published by

Question by nici s: Fixing credit?
What is a good company to go through when trying to fix your credit rating? Alot of companies only deal with credit card debt not other financial areas. I live on a tight budget so it would be hard to pay off everything at once. Is there a place that consolidates all bills into one monthly payment?

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Best answer:

Answer by James H
There is a lot of good info on this subject right here.

Know better? Leave your own answer in the comments!