Categories for How to Fix Credit

The Importance of Fixing Credit

September 10, 2010 5:00 am Published by

The Importance of Fixing Credit

Credit is basically borrowed money that you use to purchase products or services and pay for them at a later date. We use credit to buy homes, cars and even businesses. It also allows businesses to grow and expand. All jobs that are created and almost all buildings that are built are built on credit. Credit keeps our economy spinning so credit is a great thing however we need to be careful with our credit. Using credit makes spending money really easy and it’s all too common to lose control and wind up in debt that you can no longer pay. Access to credit does come with a price and the price is high interest rates which will only continually increase the balance of your debt. Once you’re in this position, your credit is tarnished.

 

Your credit can open up many possibilities for you. It will determine you’re worthiness through the banks, certain employers and to landlords. Having bad credit will only reduce these opportunities so it’s extremely important that you repair your credit.

 

Rebuilding your credit is a process. Bad credit may have left you with no credit cards and paying high interest rates on loans. The last thing you want is to take out a loan through any payday loan store as they will only charge you obscene amounts of interest rates. Also, if you’re making your payments on time, payday loan stores WILL NOT report your payments to the credit bureau to boost your credit score. They WILL however report your defaulted payments to credit agencies only tarnishing your credit even further so stay clear of all payday loans.

 

Fortunately you still have options! Prudent Financial Services doesn’t just provide loans to people with bad credit histories , they’ll go several steps further than their competition to help you repair your credit by reporting regularly to Equifax and you’ll earn the highest credit rating which when you pay on time.

 

Practice makes perfect so get your good credit habits into practice. Your credit will only improve once you show your creditors that you have what it takes to build a good credit score.

 

Good luck on your goal to good financial health. For more valuable information, visit http://www.prudentcreditrepair.ca/

Fast Credit Repair

Prudent Financial Services

The Leader in Loans for people with bad credit histories.

1150 Sheppard Ave W.

Toronto, ON

M3K 2B5

www.prudentcreditrepair.ca

(416) 634-2018



How To Fix Credit Card Debt

September 6, 2010 5:00 am Published by

How To Fix Credit Card Debt

If you are ,000 in credit card debt or more you are probably feeling pretty overwhelmed at the moment. In fact there are a lot of individuals that are in the same exact shoes as you are right now. And unfortunately not many individuals aren’t informed about what they need to know about credit card debt so that they can fix their situation.

Getting out of credit debt doesn’t have to be difficult especially if you owe ,000 in credit card debt or more. Even though this is a large amount of money to owe to your creditors, there are ways to get around it.

Usually most individuals that owe ,000 in credit card debt will often resort to filing bankruptcy. In fact filing bankruptcy is a bad idea for many reasons

1. You will be stuck with a black mark on your credit report for the next 7 – 10 years.

2. You can expect to be declined for loans and mortgages for quite a long time to come.

3. Filing for bankruptcy becomes a public record which means that anyone that reads the paper will eventually run into your name in the paper under the list of those that have filed for bankruptcy.

Fortunately there are better solutions in getting you out of credit debt nowadays. Many consumers are now beginning to seek assistance from debt relief organizations that would like to lend a helping hand. They help families find the best means possible in getting out of credit debt. The first step begins with getting a consultation set up so that they can figure out what is the best step for you in getting out of credit debt.

Fast Credit Repair

To take advantage of the credit relief company that will help you get out of ,000 in Credit Card Debt just Click Here

www.ScoreMoreCredit.com – Credit expert, Brian Diez, reveals how the credit bureaus profit by keeping you confused about your real credit scores. Credit repair does work if you use an expert that understands the credit system. Repair your credit and improve your credit score as much as 249 points in as little as 45 days!
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Video Rating: 5 / 5



Fixing Credit Repair And How To Go About It

September 3, 2010 5:00 pm Published by

Fixing Credit Repair And How To Go About It

Credit repair can be done by you or by an authorized credit repair company.

The option will depend on an individual but you should know that it is not something complicated and can easily be done if you follow the right steps.

Hector Milla Editor of the “Best Credit Repair Agencies” website — http://www.BestCreditRepairAgencies.com — pointed out;

“…To start the credit repair process, first you will need to have your report and you get it by requesting the reporting agencies to send it to you. Once you get it, go through it to find out if there is any information that is wrong. If there is, then you find ways to repair. Wrong information can affect your credit ratings negatively and may take a lot of time for your ratings to improve if you don’t take immediate measures to have it rectified…”

You will need to find a suitable credit repair company or if you are already signed up with one, instruct them immediately to take action when you find some errors on your reports. The company will send a letter to the agencies showing the information that is wrong together with any supporting documents that can be used to prove that. Usually, the credit reporting agencies will have to do their own investigation before they get back to you. If they need any more information from you, they will also contact you though the repair agency requesting for the data they need.

Once the agency verifies that the information is incorrect, they will always correct it and your repairing agency should make a follow up to make sure this is done and inform you. You can also be making follow ups by asking them where the process has reached.

“…Credit repair is necessary since it helps to improve your credit ratings too. The other way you can repair your credit is to do something about your unpaid debts and bills. Find some solution such as debt consolidation and once you have completed payment, you can be sure your credit record will start to have positive comments. Without repair, you end up being worse financially since you cannot get any assistance from lenders anymore hence seek help whenever you need…” added H. Milla.

Further information about how to secure a trusted and reputable credit repair agency by visiting; http://www.BestCreditRepairAgencies.com

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Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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Fixing Credit – Basic Tips For Fixing Credit Scores

August 31, 2010 5:00 pm Published by

Fixing Credit – Basic Tips For Fixing Credit Scores

Here’s how you can get great credit scores:

1. Know how to reach the three Credit Bureaus

There’s three credit bureaus – Equifax, Experian and Trans Union. The three major credit bureaus are important especially if you are going to be fixing your credit score. The major three credit bureaus can assist you by sending you your credit scoring report and guiding you how to correct errors. You can contact these agencies by email, telephone, or through the web.

2. Smoking kills your credit score

Smoking kills and sometimes it can kill your credit sore. Lets say you get health insurance. Your insurance company may ask you questions about your health. One of the questions will be about whether you are a smoker. If you are a smoker, your premiums will be higher than people who don’t smoke. Paying higher premiums on health insurance means less money towards your other expenses.

3. Collection agencies, deal with it

Most collection agencies are good at what they do. Some are great. Deal with it. People in debt feel so ashamed of their low credit rating that they feel they deserve the abuse and harassment that they get from collection agencies. A low credit rating does not entitle collection agencies from harassment or abuse. If this occurs, report collection agencies immediately.

4. Three scores

There are three collection agencies so you have 3 scores. However, the top and bottom score are generally omitted from loan applications so the middle one represents your credit score.

5. Pick a reputable credit repair service
There are numerous credit repair service agencies available. Lexington Law is by far the best at removing negative items on your credit report.

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John Stocker is a bad credit repair specialist devoted to helping people remove foreclosure from their credit reports.



Smart tactics to fix credit report mistakes faster

August 31, 2010 5:00 am Published by

Smart tactics to fix credit report mistakes faster

When you find an error on your credit report, you are eager to fix it as quickly as possible.  There are some set guidelines for fixing such mistakes.  In addition, you can use some little known tactics to speed up the process.

Many surveys have shown that 25 per cent of the credit reports contain serious mistakes at any point of time. These mistakes lower your credit score by about 50 points or more and they dampen your chances to get a good deal.

When you are desperate to correct your mistakes in a shortest possible time, try using the following smart tactics:

You need to document everything as and when it happens. Keep a diary enter the details of phone calls and letters sent. This will be useful for all future steps. Your first request for correction of mistakes in your credit report should always be in writing.  Send your letter by certified mail. The consumer protection laws make it mandatory for you to inform the credit bureaus in writing the mistakes in your credit report. Do not waste time in following up with the creditor.  You have to dispute with the credit bureau for reporting incorrect information.  You can send a copy of your request to the concerned creditor but your main focus should be on the credit bureau. If you are speaking to a representative from call center, you should ask for the team number and the name of the supervisor and note it in your diary for future reference. Find out the names of executives from the credit bureau.  You can find them on the Internet very easily.  When you write to the bureau, you should send copies to the concerned executives. It does not take much of your time, but it speeds up the resolution of your dispute. If you have all the documents in support of your claim, send them to Federal Trade Commission.  You be happy to see the quickness with which your dispute is resolved.  Their helpline is 877–FTC–HELP If the credit bureau agrees to your request of correcting your credit report, requested them to notify to all the parties (including your prospective employer) who might have reviewed your report in the last six months. You should never threaten anybody who is helping you to correct your problem to file a lawsuit.  Let your attorney do that for you.
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Chintamani Abhyankar, is a well known expert in the field of finance and taxation for last 25 years. He has written many books explaining inside secrets of the magic world of personal finance. His famous eBook Stop donating your money to IRS which is now running in its second edition, provides intricate knowledge and valuable tips on personal finance and income tax.

www.restoremycreditsystem.com Repair Bad Credit with the Restore My Credit system. http
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