Credit Repair - How to Get Started!
Today, many people end up needing credit repair. How can you find reliable help? Can you repair your own credit? Yes you can, or you can use a good credit repair company. Learn how in this article to determine which is best for you.
Understanding how to remedy this situation will give you the confidence necessary to take charge! Knowledge will allow you to snatch yourself (and your checkbook!) back from the snarling creditor wolves. Remember, Little Red Riding Hood survived her wolf and you can, too!
If you are one of the many people trying to stave off the creditor wolves (or even if you are not), just keep reading. I will explain the ins and outs of credit repair. Oftentimes, people believe there is no way out. However, I am here to tell you that you can fix your bad credit.
It is important to understand how you ended up in a debt situation now requiring credit repair. In many cases, bad credit commences with:
- too many credit cards, most of which (if not all) have outlandish balances;
- no or little accumulated rainy day savings funds;
- overdue bills; or,
- just bad financial decisions.
People, for the reasons mentioned above, frequently suffer from a phenomenon known as "bad credit". Assistance can be found in the form of credit and debt counseling. Essentially, you can obtain bad credit by:
- not being able to purchase on credit; or,
- by having a less than stellar credit report, though you still may be able to purchase on credit.
At this point, I would like to go out on a limb and state the obvious...credit repair can be AVOIDED by:
- not running your credit cards up;
- not paying your bills late;
- not spending more than you bring home;
- squirreling away some money each paycheck for that unexpected expense or vacation; and,
- making good financial choices.
So if you're in trouble with your financial affairs, don't worry! Help is on the way. First you need to know how to read a credit report. What can you do to learn how? Keep reading, I have some ideas to share with you.
There are three major credit reporting agencies--Experian, Equifax & TransUnion. These credit bureau agencies gather information from various sources about a person's credit history. They then compile a unique summary of the relevant information, called a credit report.
Credit report information contains credit and non-credit information. Examples of credit information are names of creditors, credit card/loan account numbers, current balances, monthly amounts due, and number of past due payments. Likewise, examples of non-credit information are a person's name and previously used names, current and prior addresses, social security numbers, and employment history.
Negative credit report information will remain on a person's credit report for anywhere from seven to ten years. Credit inquiries, on the other hand, can only remain on a person's credit report for two years.
With this brief article, you have hopefully learned the basics of credit repair. You have decided to do something about it and want to find help.
Would you like some guidance? Are you uneasy about taking the first step? I understand.
However, your bad credit will not fix itself. You have to take action. With all the scams out there how can you know where to turn?
First you need knowledge. Consider visiting this website on "credit repair" to learn how to get started today. Get a copy of your credit report in hand and begin to make the changes that can save you time, money and grief!
No matter if you're buying a new home, car or just wanting to get a credit card, you need to have good credit to obtain them. Some have found problems in this area and don't know where to turn. For 26 Tips on how to erase bad credit please feel free to visit our website. You will find lots of FREE information from a reliable source.
Today, many people end up needing credit repair. How can you find reliable help? Can you repair your own credit? Yes you can, or you can use a good credit repair company. Learn how in this article to determine which is best for you.
Understanding how to remedy this situation will give you the confidence necessary to take charge! Knowledge will allow you to snatch yourself (and your checkbook!) back from the snarling creditor wolves. Remember, Little Red Riding Hood survived her wolf and you can, too!
If you are one of the many people trying to stave off the creditor wolves (or even if you are not), just keep reading. I will explain the ins and outs of credit repair. Oftentimes, people believe there is no way out. However, I am here to tell you that you can fix your bad credit.
It is important to understand how you ended up in a debt situation now requiring credit repair. In many cases, bad credit commences with:
- too many credit cards, most of which (if not all) have outlandish balances;
- no or little accumulated rainy day savings funds;
- overdue bills; or,
- just bad financial decisions.
People, for the reasons mentioned above, frequently suffer from a phenomenon known as "bad credit". Assistance can be found in the form of credit and debt counseling. Essentially, you can obtain bad credit by:
- not being able to purchase on credit; or,
- by having a less than stellar credit report, though you still may be able to purchase on credit.
At this point, I would like to go out on a limb and state the obvious...credit repair can be AVOIDED by:
- not running your credit cards up;
- not paying your bills late;
- not spending more than you bring home;
- squirreling away some money each paycheck for that unexpected expense or vacation; and,
- making good financial choices.
So if you're in trouble with your financial affairs, don't worry! Help is on the way. First you need to know how to read a credit report. What can you do to learn how? Keep reading, I have some ideas to share with you.
There are three major credit reporting agencies--Experian, Equifax & TransUnion. These credit bureau agencies gather information from various sources about a person's credit history. They then compile a unique summary of the relevant information, called a credit report.
Credit report information contains credit and non-credit information. Examples of credit information are names of creditors, credit card/loan account numbers, current balances, monthly amounts due, and number of past due payments. Likewise, examples of non-credit information are a person's name and previously used names, current and prior addresses, social security numbers, and employment history.
Negative credit report information will remain on a person's credit report for anywhere from seven to ten years. Credit inquiries, on the other hand, can only remain on a person's credit report for two years.
With this brief article, you have hopefully learned the basics of credit repair. You have decided to do something about it and want to find help.
Would you like some guidance? Are you uneasy about taking the first step? I understand.
However, your bad credit will not fix itself. You have to take action. With all the scams out there how can you know where to turn?
First you need knowledge. Consider visiting this website on "credit repair" to learn how to get started today. Get a copy of your credit report in hand and begin to make the changes that can save you time, money and grief!
No matter if you're buying a new home, car or just wanting to get a credit card, you need to have good credit to obtain them. Some have found problems in this area and don't know where to turn. For 26 Tips on how to erase bad credit please feel free to visit our website. You will find lots of FREE information from a reliable source.