Even though bad credit may seem stressful and costly, it is not eternal. However hopeless your financial situation may seem, there is always a way out. Most people underestimate the importance of clearing bad credit. Though it may seem unimportant at the moment, you will be tied up in knots when it comes to future investments. For example, if you have a large number of student loans pending, no bank will be confident to give you a business loan. So it is important to clear the credit history as quickly as possible. Paying off all the debts at ... Read more »
If you have some inaccurate credit and you need credit repair you do not need to hire a professional. You can do it yourself for free and the credit bureaus even provide forms on their websites the help you expedite the process. You absolutely have the right to repair your credit yourself.
It may seem like a simple and inexpensive solution to just do it yourself. After all, how hard can it be? You just get a copy of your credit report, identify the inaccuracies, fill out the paperwork, submit it and wait for the listings to be deleted. Anyone can ... Read more »
Very few people are aware of how important a high credit score can be when it comes to getting a job. For certain jobs out there, your credit score can get you a job, or it can possibly prevent you from getting a job as well.
Employers may look at credit reports because they feel it is a fair assessment of a potential employees sense of responsibility, judgment and work performance. They may feel that the way an employee handles their credit is a fair representation of the type of employee that they will be.
However, there are some consumer advocates ... Read more »
Most people will experience a credit problem or two in their lifetimes as very few people can escape all of these problems. Credit is typically a necessary and required fact of life.
The majority of people will require credit for the purchase of the larger items like houses and cars. Bad credit may be a problem but it is a good thing that there are steps you can take to repair or improve your credit.
Get a copy of your credit reports.
The first thing that you should do before you start a credit repair strategy is to get a copy of all three of your ... Read more »
Why should you hire a credit expert to help you to clean up your credit? Are there any advantages to hiring a credit expert?
Actually there are some definite benefits and advantages to hiring a professional for credit repair services is if you are drowning in debt or if you are struggling to keep up with your monthly obligations. Right now, many people are in this same position, with the current state of the economy debt has become a big issue for people in the United States and throughout the world.
Side note: If you are looking to increase your ... Read more »
The current economy has wreaked havoc on many people. Many people, even those who previously had stellar credit, have seen their credit scores plunge and they are still suffering the effects of bad times with bad credit.
But there is hope. There are some things you can do to repair your credit. But first there are a few things that you should never do. In no particular order but numbered for efficiency sake below are some of the six worst mistakes.
1. Biggest Credit Mistake – Canceling your credit cards.
It may seem counter-intuitive and if ... Read more »
There is a prevalent myth out there that bankruptcy is bad, really bad.
Not to say that bankruptcy is good (of course it is not) but how bad is it really?
The truth is that once you file bankruptcy, it can remain on your credit report for up to 7 years and 10 years in certain instances.
According to FreeCreditScore:
“Chapter 13 bankruptcy will remain on the credit report for seven years from the filing date. Under Chapter 7 bankruptcy, a person does not repay any of the debts included in the filing. Chapter 7 bankruptcy remains on the credit ... Read more »
There are many credit repair scams and myths out in the world right now. Besides the common scam of using a person who isn’t even licensed or certified to help you (always search Illinois licenses before you choose), there are some other scary ones out there. I’m sure you have heard of many, and some may even prevented you from wanting to repair your credit. Do not fear though, today we will go over these common credit repair scams and myths so that you can overcome your bad credit and work on improving it in the future.
Below are three ... Read more »