Posted by admin | Under Credit Repair
Saturday Oct 18, 2008
One of the most effective ways to build your personal credit is to add new, positive accounts to your credit report. When you add new accounts, your high credit limit (the total credit available to you) will be increased. This is a big turn-on for potential lenders; the “pre-approved” offers will start arriving in your mailbox. The goal, of course, is to earn better credit as reflected in a higher credit score.
But, as in many things in life, there’s a catch-22. In order to GET good credit, you usually must HAVE good credit. Ask anyone with a high credit rating, and they’ll tell you they are flooded with offers of credit cards with reasonable rates every single week. However, there are ways for those of us with less than stellar credit ratings to add new credit accounts to our files. In this article, we’ll briefly describe a few methods, some good, some questionable.
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Posted by admin | Under Credit Repair
Wednesday Oct 15, 2008
What is your credit score? If you don’t know your credit score, it’s time to find out. In this article we’ll give you some very good reasons for knowing how you rate with creditors, and how to monitor your credit score.
First, a little background. Your credit score is based on information about you from companies that gave you credit in the past. They report on your payment history to the three major credit reporting bureaus, who then create a numerical score, sometimes call a FICO score (it’s named after the Fair Isaac Corporation).
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Posted by admin | Under Credit Repair
Sunday Oct 12, 2008
Bad credit doesn’t necessarily mean you can’t get credit; you just can’t get credit at a reasonable cost. The interest rates you are charged are sky high because you had some financial difficulties in the past. In this article we will give you three methods for repairing your credit. The method that is best for you will depend on the severity of your financial problems.
Problem: Incorrect information on your credit report.
Method #1: Contact the credit bureaus.
Let’s say you’ve requested a copy of your credit report from the three credit bureaus, and you find that there is a negative entry or two from your past lenders. It could be the negative information is just, plain wrong. The lender reported you still had an outstanding balance, when in fact, you have proof you have paid off the loan. This is an easy problem to fix. Well-written letters to the credit bureaus, with proof of your claim, should correct the problem.
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Posted by admin | Under Credit Repair
Wednesday Oct 8, 2008
Every time you turn on the TV or open the newspaper, you see stories of people who are suffering from the financial effects of bad credit. They are in over their heads with credit card debt, and may be at risk of losing their homes to foreclosure. You know a little something about credit repair - you will able to raise your own credit score recently. You are the perfect candidate to help other people solve their credit problems. You can become a credit restoration specialist. In this article we will give you some tips for preparing for this fast growing field.
Tip #1: Get smart. Gather all of the information you will need to be successful. Invest in manuals or other educational materials that provide you with proven tips and techniques for helping others with their credit problems. Some publishers offer home study courses, eBooks, and even audio CDs that will help you build the knowledge base you will need.
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