Credit Repair Help - It's Not As Hard As You Think!
It's really hard to go and live in this world with bad credit. People everywhere are in debt and in need of help. What are you supposed to do when you want to make that big purchase and the loan gets denied?
It's not that hard to get your credit repaired. All it takes is a little time and a little effort on your part. You must be diligent with your spending and take a few simple steps. Repairing your credit will not happen overnight.
The next time you order your fancy coffee at the drive through, think about this, How much a month do you spend on just coffee? A typical fancy coffee costs about $3-$4. if you have 4 a week, that's $12-$16 a week or $48-$64 a month! The key to credit resolution is budget. Cut back on frivolous purchases and put the money towards paying your debt off. It's hard but necessary.
First, get a credit report. The three major credit agencies are Equifax, Experian, and Trans Union. This will help to see what you owe and who you owe it to. There are plenty of online website that can help you with this.
The next step is contacting the creditors. I know this is something that is somewhat dreadful, but it must be done. You need to enter payment arrangements and schedule promise to pays with your lenders. This is the first step in the right direction. Any promise to pay or payment arrangement should be in writing. Sometimes, if you offer to pay off the full amount, they will let you pay off the amount at a discount.
Now you need to pay off your credit card debts. Cut up the cards and start paying them off. Close all the accounts you have except your three oldest ones. Credit scores are based on history of accounts. Even if these lines of credit are opened, you don't need to use them unless it's an emergency.
It seems simple, but pay the bills on time. This will be the best thing for your credit. The collections and creditors are willing to work with you and understand the situations you may be in. Any payment for the month is good, if you cant afford your full payment, you can still give them a good faith payment of as much as you can afford. This will at least show you attempting to work with the creditors.
It's not that hard to get your credit repaired. All it takes is a little time and a little effort on your part. You must be diligent with your spending and take a few simple steps. Repairing your credit will not happen overnight.
The next time you order your fancy coffee at the drive through, think about this, How much a month do you spend on just coffee? A typical fancy coffee costs about $3-$4. if you have 4 a week, that's $12-$16 a week or $48-$64 a month! The key to credit resolution is budget. Cut back on frivolous purchases and put the money towards paying your debt off. It's hard but necessary.
First, get a credit report. The three major credit agencies are Equifax, Experian, and Trans Union. This will help to see what you owe and who you owe it to. There are plenty of online website that can help you with this.
The next step is contacting the creditors. I know this is something that is somewhat dreadful, but it must be done. You need to enter payment arrangements and schedule promise to pays with your lenders. This is the first step in the right direction. Any promise to pay or payment arrangement should be in writing. Sometimes, if you offer to pay off the full amount, they will let you pay off the amount at a discount.
Now you need to pay off your credit card debts. Cut up the cards and start paying them off. Close all the accounts you have except your three oldest ones. Credit scores are based on history of accounts. Even if these lines of credit are opened, you don't need to use them unless it's an emergency.
It seems simple, but pay the bills on time. This will be the best thing for your credit. The collections and creditors are willing to work with you and understand the situations you may be in. Any payment for the month is good, if you cant afford your full payment, you can still give them a good faith payment of as much as you can afford. This will at least show you attempting to work with the creditors.
posted by Credit Counseling at
7:30 AM
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