Have you found that the burden of a poor credit score is causing a bit of interference in your otherwise normal life? Do you wake up from a sound sleep sweating, and feeling the weight of the world on your shoulders? Is it causing undue stress in your life? We can fix that! You'll have to do a lot of the heavy lifting, but we can put you on the right track, and give you the tools you need to become financially responsible once again.
The first thing we will discuss is your ability to make a plan. What sort of plan will you be able to formulate? Can you commit to that plan? The best thing you can do under your new plan after you develop it is to buy only the things that you need -- no matter how strong the urge is. This means the bare necessities for your home, whether it be food, clothing, or household items.
Try to keep a balance of less than 50% of your available credit on all of your cards. When balances are over 50%, your credit rating goes down significantly, so try to either spread out your debt or, ideally, pay off your credit cards.
If you want to avoid giving too much to your creditor, simply refuse to pay towards unfairly huge interest rates. There are legal limits set in place to control the amount of interest a creditor is allowed to charge you, plus your original debt is all the credit card company paid when you made the purchase. Keep in mind that you did sign a contract agreeing that interest rates were acceptable. You may wish to make a legal claim that the interest rate charged exceeded your state's statutory limits.
If someone promises you to improve your score by changing your factual history, this is a scam. If the information is correct, it will remain as part of your report, in most cases, for seven years. You should know that mistakes and anything incorrect can be removed from your credit report.
If you find that you have a higher interest rates than you believe you should, then you might want to ask whether or not what they are doing is legal. While you did sign a contract promising to pay off the debt, some inflated interest rates are less than legal. In any case, you will need to make sure you are paying on time, and that you are paying in full. Settling your debts in a timely manner will help to raise your credit score.
Though you may be extremely motivated to improve your credit quickly, always stay within the bounds of the law. It is possible to engage the services of individuals who claim they can provide you with an entirely new credit profile, or who promise instant fixes for your credit woes. Be aware that many such schemes are illegal and can land you in serious trouble.
Never be afraid to negotiate with your existing creditors so that you can get yourself on firmer financial footing. Ask about the possibility of lowering your interest rates so that you can pay down balances faster and see real improvement in your credit score.
If you are working with an agency that promises to consolidate your loans, then you will want to ensure that they are reputable. There are some agencies that for all intents and purposes wish to scam you, and perhaps even take your money. Don't be a victim! Do your research and even consult the Better Business Bureau if you are unsure.
A low credit score can have a detrimental impact on numerous aspects of your life. However, by taking the initiative and seizing control of your own financial behavior, you have the power to raise your score by a considerable amount in a shorter period of time than you might have imagined.
The first thing we will discuss is your ability to make a plan. What sort of plan will you be able to formulate? Can you commit to that plan? The best thing you can do under your new plan after you develop it is to buy only the things that you need -- no matter how strong the urge is. This means the bare necessities for your home, whether it be food, clothing, or household items.
Try to keep a balance of less than 50% of your available credit on all of your cards. When balances are over 50%, your credit rating goes down significantly, so try to either spread out your debt or, ideally, pay off your credit cards.
If you want to avoid giving too much to your creditor, simply refuse to pay towards unfairly huge interest rates. There are legal limits set in place to control the amount of interest a creditor is allowed to charge you, plus your original debt is all the credit card company paid when you made the purchase. Keep in mind that you did sign a contract agreeing that interest rates were acceptable. You may wish to make a legal claim that the interest rate charged exceeded your state's statutory limits.
If someone promises you to improve your score by changing your factual history, this is a scam. If the information is correct, it will remain as part of your report, in most cases, for seven years. You should know that mistakes and anything incorrect can be removed from your credit report.
If you find that you have a higher interest rates than you believe you should, then you might want to ask whether or not what they are doing is legal. While you did sign a contract promising to pay off the debt, some inflated interest rates are less than legal. In any case, you will need to make sure you are paying on time, and that you are paying in full. Settling your debts in a timely manner will help to raise your credit score.
Though you may be extremely motivated to improve your credit quickly, always stay within the bounds of the law. It is possible to engage the services of individuals who claim they can provide you with an entirely new credit profile, or who promise instant fixes for your credit woes. Be aware that many such schemes are illegal and can land you in serious trouble.
Never be afraid to negotiate with your existing creditors so that you can get yourself on firmer financial footing. Ask about the possibility of lowering your interest rates so that you can pay down balances faster and see real improvement in your credit score.
If you are working with an agency that promises to consolidate your loans, then you will want to ensure that they are reputable. There are some agencies that for all intents and purposes wish to scam you, and perhaps even take your money. Don't be a victim! Do your research and even consult the Better Business Bureau if you are unsure.
A low credit score can have a detrimental impact on numerous aspects of your life. However, by taking the initiative and seizing control of your own financial behavior, you have the power to raise your score by a considerable amount in a shorter period of time than you might have imagined.
About the Author:
Very few people have reached a max credit score, but they have improved it. Learn how by visiting http://maxcreditscore.org and click the blue banner found at the top of the page to view a free video on your credit score.. Also published at Effective Ways In Fixing Your Credit Problems.
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