Categories for Organizing to Repair Credit

Easy Ways to Repair Credit Repair Debt Consolidation

June 6, 2009 11:31 am Published by

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.

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Article written by Jessica Bradbury, she has a site dedicated to botton line information on debt relief

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Repair Credit Score Problems Quickly With These Tips

April 26, 2009 10:45 pm Published by

Repair Credit Score Problems Quickly With These Tips

Everybody wants their credit repair done as quickly as possible.  The phrase “fast credit repair” is searched thousands of times a month.  We live in a time where almost everything is done electronically, in the blink of an eye.  Americans are increasingly expecting results for their efforts to be immediate.  Unfortunately, the credit bureaus and collection agencies aren’t necessarily keeping pace.

There is no overnight fix when it comes to credit repair.  The majority of correspondence is still done via snail mail.  Additionally, credit reporting agencies and collectors legally have 30 days to respond to your letters and we’re clearly moving away from the immediate solutions that we’ve grown used to.

There are however a handful of guidelines to adhere to if you’re truly in need of credit repair done as hastily as possible.

Send Documentation

Each of the three major credit bureaus – Equifax, TransUnion and Experian – has different forms of identification that you need to send with your inquiries so they’ll actually start work on your account.  If you don’t send the right documentation they’ll simply send a letter back asking for the proper documents.  You’ll have wasted a month right out of the gate.  Visit their individual websites to see exactly what you should be sending with your letters to them.

Get Their Signatures

Everything should be in writing.  This includes using certified mail to guarantee that your letters have been received.  This also allows you to start the 30-day clock that most credit reporting agencies and collectors have to respond to your inquiries.  If you send it via regular mail, you create a “he said-she said” situation, which you want to avoid at all cost if you’re trying to quickly boost your credit score.

Dispute with Restraint

The credit reporting agencies will send you a letter stating that they have done no work if they believe you are trying to overwork them.  If you need to dispute several accounts, do so by breaking them up into 5 per letter that you send them.  This will ensure that they won’t use any stall tactics when they receive your letter.

Be Organized

If you’re really looking to repair credit score problems as quickly as possible, your best bet is to remain as organized as possible.  Be assured that if you’re in the right, the law is on your side.  That does not mean that collection agencies, creditors or even the credit bureaus are going to make it easy for you.  But if every time they try to throw up a road block, you’re prepared because of your detailed files and notes, then your credit repair will be a much smoother process.

Remain Patient

Again, credit repair is going to take some time and some hard work on your part.  If you remain patient and don’t allow yourself to get frustrated, the work you put in will be worth it.  It’s always advisable that you keep an eye on your credit scores so you’re not forced into fixing your credit scores quickly.  However, if it’s an absolute necessity, following the tips above will certainly cut some time out of the equation.

Fast Credit Repair

MyCreditGroup.com is an industry leader with experience in Credit Repair Services and Debt Settlement Solutions.  My Credit Group Inc. – A nationally recognized authority on credit repair, helping people improve credit scores legally and effectively for over a decade.  Consultations are free and credit repair is backed with a no-risk guarantee.

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How To Repair Credit – A Brief Report

April 13, 2009 5:18 am Published by

How To Repair Credit – A Brief Report

Are you looking for a way to dig yourself out of mounting debt that just seems to keep getting worse? You’re first instinct may be to hire someone to fix the problem, but if you’ve already got financial problems this might not be the best choice. Why not try to find out how to repair credit and do it yourself?

If you’ve got credit issues, sometimes it can feel like you’re in over your head. It can be very hard to pay back your loans on time while staying caught up on your regular bills as well. If this sounds like your situation, you probably don’t know where to turn to for help. If you’re a very self reliant person you may not want any help at all, and first try learning how to repair credit on your own. This can be an excellent move because no one is going to be more motivated in figuring out how to repair credit than you, since it’s your credit standing that’s on the line. Only you can undo the damage to your credit score.

The first step in learning how to repair credit is figuring out how much debt you owe in total. Make up a list of all the outstanding debts you have along with who they are owed to. Getting all your debts accounted for is essential – if you’re disorganized to the point that you don’t even know how much you owe, it’s going to be very difficult to do anything about your situation. You really can’t skip this step if you hope to learn how to repair credit.

Next you’ll want to get a copy of your credit report from one of the three major credit bureaus – Equifax, Experian or TransUnion. You can obtain them for free once a year. When learning the basics of how to repair credit this step is also crucial since you need to know which debts to focus on first. You’ll also want to look over them for any mistakes, which are actually quite common to find, so that you can dispute them. Obviously you’ve got enough issues without being penalized for debt you don’t really owe.

If you can’t find any prominent errors, the next step in how to repair credit is to research your options. Debt consolidation is a common route that many people take. This involves a debt consolidation company acquiring all your outstanding debts and then allowing you to pay them one monthly payment at a lower interest rate.

Also you will probably want to research the Credit Repair Organizations Act. It protects you from credit repair organizations which falsify their claims or attempt to bill you before you’ve received their services.

Another thing you can do if you want to know how to repair credit is to apply for a credit card. This might sound like the last thing you want to do, and of course the annual fees and interest rates are going to be quite high, but if you can be responsible and make your monthly payments, it can go a long way toward repairing your credit score.

The most important step when it comes to how to repair credit is learning financial responsibility. There’s no point in going to all this trouble to correct your credit rating if you’re just going to get right back into hot water. For many this can be quite hard and budgeting yourself so you stay within your means can be a lot of work. One thing that might help is debt counseling, which instructs how to stay on top of your finances.

In conclusion, I hope this article has provided some useful information in regards to how to repair credit. It can be a wonderful feeling of accomplishment when you’ve arranged to get out of debt once and for all.

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John Robbins is a small business owner who likes to write on a wide variety of topics. For more information on credit repair visit http://creditrepair.k3dn.com/ You can also visit his blog: http://all-aboutaccounting.blogspot.com