November 9, 2009
Getting out of debt is rewarding and hard. When I took the time to fix my credit, I never dreamed it would take so long. You might have already considered one of the many Debt relief programs being advertised on air and online. This article will give you the questions to ask and give you both the upside and downside toward using these programs to get out of debt.
Attacking debt with the same passion and energy you would any big challenge is necessary to get the problem under control. It takes a discipline well beyond what many people have. Turning to debt relief programs can provide you with the encouragement and support you need to accomplish your goal. These programs may include a number of different types of discipline to help you get the job done. Services I used to fix my credit, include debt consolidation, debt settlement, debt counseling, and debt management services are just a few. Some programs include direct negotiations with your creditors to ask them to reduce minimum payments or reduce interest rates to help you in your fight against debt. Full Story »
November 8, 2009
There are a number of companies who make prey upon those of us with bad credit with an offer to “fix my credit.” Here are examples of some of these companies and what you should be on the watch for before you spend your money.
Companies who challenge everything in your credit report. The idea with this line of attack is a requirement that lenders must prove or otherwise confirm the debt and the account actually exists. This tactic is still used today, but computerized reporting makes it likely this won’t get much off your credit report. Its also a short term effort, as on the next scheduled update from the creditor to the reporting agency the bad data is likely to pop back on your report. I didn’t see it do much to fix my credit, as most of the items on the report were pretty factual. Full Story »
November 7, 2009
OK, so you been turned down for a loan. My first thought would be how am I going to fix my credit so this doesn’t happen again. And I want to fix my credit fast. Here are steps you can take. These steps can help you boost your FICO score within a month, and are legal and ethical.
Start with figuring out why your numbers are bad. Legally, you are allowed a free report from whichever of the three national credit reporting agencies were relied upon by the creditor in turning you down for credit. Once you have the report in hand, look at the negative information. Look for late payments, judgments, and false information. Its here we’ll take two different approaches. A low FICO score because of negative information requires a different approach than a low score because of a lack of credit history or accounts.
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