Credit repair after bankruptcy is a real possibility. Some folk think that after they’ve gone through a bankruptcy that it will be impossible for them to repair their credit.

A bankruptcy will stay on your credit report for up to 10 years – there’s no way of getting it removed, but just because it is showing on your credit report doesn’t mean you can’t take action now to start building a good credit report. Read more »

Your credit score range is influenced by many factors, one of these could be having a negative affect on your credit score without you even realising it. Read more »

Bad debt management can be facilitated with a number of strategies, some you can do yourself, others will need some outside assistance. This article discusses some how-to techniques to get your bad debt managed. Read more »

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 »

To erase bad credit, chances are you have considered filing bankruptcy so you can start over with a clean slate. As tempting as this theory sounds, bankruptcy should be taken very seriously and should be considered a huge financial commitment. Like all financial decisions, using bankruptcy to erase bad credit has both negative and beneficial consequences. Read more »

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 »

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.

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 »

Do it yourself credit repair is possible. Though to some the steps may seem time consuming and incredibly frustrating, it is important to do all you can to improve your credit before the damage becomes permanent. The following is an easy to follow, quick and simple three step approach to Do It Yourself Credit Repair! Read more »

Improve Credit Rating

To improve credit rating scores on your credit report, there are some handy tips to know regarding your credit cards. As you know having a good credit score makes all the difference in the world when you go to apply for a loan.

One of the very first things you should do is pay down your credit cards. Lenders prefer to see your amount owing well below the maximum.

While they do want you to keep using credit, they get a little nervous when it comes too close to going over the top.

Oddly enough, another thing that helps improve credit ratings is using your credit card in small increments. Read more »