Fix My Credit; How Do I Fix My Credit

Many people are throwing up their hands in frustration wondering how can I fix my credit? In these hard economic times, with job losses at record levels and businesses having to close their doors due to people spending less (because they’re flat out keeping a roof over their head and putting food on the table), it’s easy to get into trouble financially with credit cards and be late with mortgage payments.

Before we know it we have a couple of late payments on our credit report and our credit score is taking a nose dive. What to do? How to fix credit before it spirals out of control?

Well you’ll be happy to know there are a number of things you can start doing now in order to fix my credit score, and the sooner you start doing them the sooner your credit score will start climbing up again instead of spiralling down.

The number one thing you can do to fix your credit is to go through your credit report and get any errors off there. You’re entitled to a free credit report every year. That’s right; you don’t have to pay for them like some unscrupulous websites will have you believe. They won’t cost you a cent and you can order them through annualcreditreport.com. That’s a legit website that is sponsored by the three large credit bureaus; Equifax, TransUnion and Experian.

You could have errors on your credit report that are costing you points on your credit score. You could have inquiries on there that weren’t made by you; mistakes get made by data entry people; identity fraud is on the rise, so you should be making it a habit to check over your report at least once a year. It’s not going to cost you anything, and removing any inaccuracies off your credit report can bump up that credit score to a nice healthy figure.

The next thing you can do to fix your credit score is to start paying your bills on time. I know…you’re thinking ‘well I already knew that’….but are you DOING it? Look, the credit reporting agencies base over a third of your credit score on your payment history. That’s a big percentage based on just how well you pay your bills. It is easier said than done when times are tough, but if you are really serious about fixing your credit, you’ve got to do whatever you can to start getting those bills paid on time.
 
You might have to draw up a budget and STICK to it. Even if you have to eat beans for a week from time to time, do whatever it takes to get those bills paid by their due date. I have an article here on budgeting tips that can help you stick to this important practice. You can completely turn your credit problems around by starting to pay those bills on time. Over a period of time, once any late payments items come off your credit report, you will be rewarded with an increased credit score that will never be affected by a late payment item showing on your credit report again. Do what you can to make sure that no more late payments ever show up on your credit report again.

The third thing you can do if you are having problems paying your bills on time or with late payments is to get in touch with your creditors and explain your situation. So many people just couldn’t be bothered doing this, yet it can help take a lot of pressure off you if you can arrange to have your repayments lowered to a level you can afford and that will also keep the creditor happy and off your back.

If you take action and follow the ideas mentioned above you will be well on your way to fixing your credit. It won’t happen overnight but it will certainly start shifting things around for you, so you will never have to lament over the words ‘how can I fix my credit‘ again.

Fix My Budget, Fixing My Budget

You’ve spent hours creating the “perfect” budget or so you thought, but now you need some help as all is not going to plan. This ‘fix my budget” article is for those of you struggling with your budget.

Don’t expect it be perfect straight from the get go. It’s going to take you a few months to really get your figures in line with what you realistically spend. You may have a goal that you only spend a certain amount on say the groceries per week or going out for example.

You will find that even with the best of intentions, you may go over this amount for the first month or two. The important thing here is to not give up in frustration thinking that this budgeting idea just doesn’t work for you.

When you’re trying to fix your budget you need to take into account whether you may have been unrealistic with your initial figures. The thing to remember is that a budget is a changing entity and the amounts you fix for each category can’t be set in stone to start with. If you can hang in there and stick with it, change it up or down to reflect your actual living expenses, after those first couple of months you’ll get a more realistic figure for the various categories that make up your budget.

Then the gap between the figures you’ve set and the amount spent will become more closely matched. The thing I can’t stress enough is to stick with it. Too many people get frustrated when they first start out. If you can make a promise to yourself that you will give this a shot for a 3 month period and stay flexible in your attitude to it, you will come out the other end as a very astute and successful budgeter.

Remember when “fixing my budget” that a flexible attitude is a must, as things will crop up unexpectedly from time to time. It’s almost like life is testing your resolve to stay on target and stick to your financial goals. You may have to shuffle things around, maybe spend less on groceries that week or not go out that week. Boring I know, but you will have weeks where you have a surplus in one particular category and that can then be allocated back to the account you may have had to “borrow” from.

Knowing how to “fix my budget” can help you achieve your financial goals. Just stay flexible and determined to make your budget work, and you’ll be richly rewarded for your efforts in the future.

Restore My Credit In Three Easy Steps

Restore My Credit

Restore My Credit

‘Restore My Credit’ is the catch cry around the nation at the moment. Many people have been negatively affected by the current economic downturn which in turn has affected their credit position.

Your credit standing affects so much of your financial life that you’ll want to implement these strategies to restore your credit and keep it in tip top condition. Read more »

Removing Bad Payment History

If you are keen to remove bad payment history from your credit report this article discusses some options the average Joe can do which can then help improve their credit.

Firstly do not get sucked in by advertisers telling you that they can remove bad payment history off your credit report. These people promise you the world saying they can remove negative items off your credit report like late payments, charge-offs, collections and judgements, but that is simply not the case. Bankruptcies and judgements can only be removed with the passage of time. Do not believe anyone who tells you otherwise – they are just trying to scam you. Read more »

Judgments on Credit Report

We received a question regarding judgments on credit report that still show up after 10 years. Here is the question and our answer follows.

My husband and I are encouraged to start improving our credit after reading this! (the article “Removing Bad Payment History“) One question though, you said
“Bankruptcies and judgements can only be removed with the passage of time.”
What exactly is the “passage of time” length? I heard 7 years & then I heard 10 years for old accurate info. What can we do if the 10 years has passed but the judgment is still on the report?
Thanks again & I look forward to finding those answers to my questions

Judgments on Credit Report

According to the FTC regarding judgement on credit report, Read more »

Credit Secrets Worth Knowing

It seems as though everyone in today’s society is trying to fix their damaged credit and trying desperately to figure out the key to solving bad debt.

But are there really any credit secrets or tips which can help?

When trying to improve your credit score it is vital to understand which actions cause the most damage. It is also important to learn and become familiar with the terms used by creditors, and to be able to recognize the difference between a legitimate issue and a coy intimidation tactic.

There are no real credit secrets, but having a solid understanding of what could damage your score and what may not is essential. If you are struggling to both understand and improve your current credit, you may want to consider the following; Read more »

How To Fix Your Credit

How to fix your credit is a question on many peoples minds at the moment and you’ll be pleased to know there are a number of things you can do.

You can of course seek help from credit agencies dedicated to helping people solve their credit score issues, but if you have decided that your credit problems are not too difficult for you to handle on your own, here are some easy steps to take that will get you on your way. Read more »

Clean Credit Report – FAQ & Answers

Clean Credit Report

Clean Credit Report

A clean credit report is something we all strive for, however, many people find themselves completely confused when it comes to their credit score and credit report.

Many people do not know how to improve their credit and many others find themselves striving to reach a credit standing that is not necessary or possible.

The following are the answers to some of the most frequently asked questions concerning clean credit reports and scores. Read more »

Credit Report Services – How Can They Help You?

Credit Report Services

Credit Report Services

Credit report services are popping up all over the internet with offers of screening potential tenants and or future employees.

Some are quite legitimate and if you’re an employer, landlord or property manager it may be worth your consideration.

Obviously there are fees involved for credit report services; however you could always pass this on to the applicant in the form of an application fee, thereby negating any cost to yourself. A smart move if you’re time poor.

Federal Law requires that you supply these credit report services with documentation to prove that you are indeed conducting business that warrants you receiving sensitive credit information about prospective applicants. Read more »

Credit Clean Up

A credit clean up is a good idea to do on an annual basis. But where to begin?

It may seem like an overwhelming task to do on your own but it’s not difficult and this article will walk you through the steps you need to take to clean up your credit report. Read more »

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