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.

Credit Repair Loans

Credit repair loans can be helpful if you need a loan and have bad credit. While it may prove difficult to get a loan if you have a poor credit score, you still have some choices. This article discusses three of them. 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 »

Bad Credit Help

When you find yourself in a situation where you’re ready to pull out your hair and you don’t know where to turn because you’re desperate for bad credit help, get started on the road to credit repair with the following tips.

 1. Clear Your Credit Report Of Any Errors.

Get a copy of your credit report and go over it to see if there are any errors or mistakes on it. About a quarter of credit reports contain some errors so if there are any irregularities, contact the creditors involved and dispute those errors. This can help raise the score on your credit report which will then help you in regard to the next bad credit help tip. Read more »

Credit Repair Advice – 3 Things You Need

Credit repair advice comes to you from all avenues. The newspapers, the internet, the television all have advertisements telling you to do this or that in order to get your credit repair underway.

Credit repair isn’t difficult and you don’t have to hire someone to do it for you. If you arm yourself with the items mentioned in the following article you can’t go wrong. Read more »

Fixing Credit – How Long Will It Take?

It actually depends on what is on your credit report.

If you have inquiries on your report it will be two years before they get removed. However, if you dispute them and the credit reporting agencies cannot show proof of them within 30 days, you are able to get them removed.

That’s probably the quickest way of fixing credit in the short term.

If you make a real effort of paying your bills on time that also helps with fixing credit as the credit agencies tend to place weight on the more recent activity showing on your credit report. Read more »

Is Filing Bankruptcy Bad?

Filing bankruptcy is a serious consideration with long term consequences. The best way to answer this question is to weigh up the information given in this article and then decide for yourself.

Is filing bankruptcy bad? It depends how you look at it. Not having debt collectors phoning you or knocking on your door chasing you for money may offer you relief from the stress that often comes with outstanding debts. That could be looked upon as a good thing.

Once you have filed for bankruptcy, your creditors are not allowed to harass you any longer. An automatic stay is established and your creditors have to deal with matters through the court system.

Another factor that can be looked upon as good is once the bankruptcy is finalised in the courts, all your debts up to the time you filed for bankruptcy are discharged, meaning that you are no longer liable to pay back your creditors any money owed to them. The exception here is alimony and child support, student loans and money owed for tax. Read more »

The Best Credit Repair Strategy? Its All About The Cards!

Best Credit Repair?

Best Credit Repair?

When trying to find the best credit repair strategy, one might think to avoid using, or owning credit cards at all! But the truth is, using, maintaining and owning a few credit cards can do wonders for both your credit score and your over all debt management success.

Here are a few ways in which you can use your credit cards to improve your credit score;

1.Many people feel that paying down your credit cards can be one of the most essential steps in creating the best credit repair strategy. Read more »

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.

What Is A Good Credit Score And How Do I Get One?

what-is-a-good-credit-score

What is a good credit score is a question many people ask when they are about to purchase a large item such as a car, or apply for a mortgage.

Your loans, mortgages, and even rental applications will all be approved more quickly and with less hassle if you have a good credit score.

Credit agencies use a sliding scale to determine your final credit rating. Credit scores range from 300-850.

Obviously, the higher your rating the better, so to answer the question what is a good credit score, anything between 660 and 719 is considered a fair score, while a credit score over 720 is considered good and will make it easier for you to borrow money.

One good thing with credit scores is that they are created from reports from several different credit agencies. These reports will often be quite different because your relationship with each company is always different. Read more »

Credit Report Dispute Letter

credit report dispute letter can make or break your ability to get the loans you want at the best interest rates, or risk being declined as it can get inaccurate items that might be giving you a low credit score off your credit report. Find out how to write a credit report dispute letter designed to get errors removed from your credit report so you can get that loan you’re after.

You would have received your credit report from one of the big three credit agencies, either Equifax, Experian or Trans Union.

If after going over your credit report carefully you find what you think is an error – like a judgment still showing up after seven years or the statute of limitations for your state has elapsed, or a inquiry that you didn’t make – then you need to dispute it with the credit reporting agency you got the report from. Read more »

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