Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from crazyp3t3 and more videos in the Debt category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com It’s never too late to clean up your credit record — and save yourself thousands of dollars in exorbitant interest rates in the process. To complete this How-To you will need: Frugality Self-discipline Negotiating skills Step 1: Pay off your debts Devise a plan to pay off your credit-card balances, even if it means living like a hermit and subsisting on peanut butter sandwiches for the foreseeable future. Tip: Call your creditors and tell them you can settle your debt right now for 30 cents on the dollar. Keep negotiating until you get something from them, even if it’s just a lower interest rate. Step 2: Get a secured card Once your credit cards are paid off, cancel all but the one with the lowest interest rate. Keep that for emergencies and for daily use get a secured credit card—one with a low limit that you pay for in advance. Tip: Resist the urge to open a store account every time you can “save 10% today!” The little bit you save will not make up for the higher interest rates you’ll pay for having so much revolving credit. Step 3: Get your record reports Get your credit reports from the three main services: Equifax, Trans Union, and …
Anna
February 28, 2011
How to Repair Your Credit
February 27, 2011
Credit Repair Fix
www.enire.com Credit Repair Fix Iv’e heard they send letters but how can I learn aboutit to do this for myself and my friends and family? Iv’e heard they send letters but how can I learn aboutit to do this for myself and my friends and family? Ok, I can see that I am going to have to dispell the myths about credit restoration. A site I’ve used for info in the past … debt.knowledged.info Hope it all works out I was referred by Wells Fargo Bank to a credit repair specialist to fix negative items on my credit report? I am wondering if anyone has done this and has it worked? Do the items truely stay off your report? He is wanting his fee upfront and I’ve read that you shouldn’t have to pay until services are completed. Is this true as well? I’m confused because Wells Fargo referred me and I want to think it is reputable otherwise why would they ask me if I wanted these services? Any advice would be extremely helpful! Thank You! Forget it. You will be out even more money. Use the funds to pay your debts. They promise nothing, do little and yes the problem MAY disappear a cyle and end up righ back on the reports. Iam trying to fix my credit can i trust a credit repair place to fix my credit? Do credit repair places realy fix your credit or is it easy to just start paying the debiters off Before you thow your money away on a credit repair company, read this: www.ftc.gov Get a copy of your credit report (AnnualCreditReport.com) and start work on cleaning up the negatives. Start …
Veronica
Halo Debt Solutions
www.myhalogroup.com The Federal Reserve indicates that the total amount of consumer debt in the United States stands at roughly $2.4 trillion dollars – and based on the latest Census statistics, that works out to be nearly $8000 in debt for everyone in the nation. The primary goal is to help clients achieve a debt-free lifestyle. Halo’s debt relief programs are developed with affordable payment plans, based upon the client’s personal financial situation. The majority of the payment plans are designed to eliminate each client’s debt in 12 to 36 months.
Laurie
February 26, 2011
February 25, 2011
Is it possible to remove credit inquiries from my credit report?
Over the course of about three months I went on a desperate auto loan shopping spree. I was trying incredibly hard to get approved under my own name with only a year worth of credit history because I have no willing/able co-signer.
I’ve recieved about 20 inquiries and my credit score dropped over 50 points from the original 730 I had, bringing me from excellent credit to between fair and poor.
Now I know that people usually say that you should stay away from “credit repair” agencies. However, I feel cheated to have these inquires draining on my credit report for the next two years when I’ve been responsible with my credit cards as I don’t have a single late payment and I usually pay off half my debt or more every 2 weeks.
Please advise.
Nicholas
February 24, 2011
Repair Credit Score – Get Back on Track
You are probable aware that lenders will examine your credit rating when you apply for a loan. Your credit report is not what you want it to be if you are frowning as you read this. There’s a good chance that you also know that there is something you should be doing about you credit rating. However, you may have no idea on what to do. That’s understandable because many people do not know how to fix their credit, even if some ways are simply common sense. How about you? Do you know how to repair credit score?
Knowing what it is and understanding why yours may be lower than what you want it to be is the first step in knowing how to repair credit score. Being late on your payments can affect your score, and having charge offs can be ever worse. If you can’t do something as simple as paying your current bills on time, then you are going to have a hard time trying to repair credit score.
There may be a need to go back to some old bills that perhaps you neglected to take care of if you are paying your bills on time. Remember that these are sitting on your credit report and will remain there for a long time. You have to take care of these bills if you want to repair credit score. Calling your lender to make arrangements to pay may help, though it won’t make too much of a difference until you start paying it off.
You may have to request to have it removed entirely once the balance is down to zero. Think twice before you accept a deal to get an old credit card paid off to repair credit score. You will still have a mark against you if you pay half of it just to get the debt paid. Even if the debt is considered to be settled, it is still going to go against you if you pay anything less than the full amount you owe.
There are also some offers on the Internet that offer to repair credit score without having to pay off your bills. Avoid these offers because they are nothing but scams. You will only be handing over money that you could be using to pay bills to repair credit score to someone who will just pocket it. You can repair your score if you sacrifice some of your time and money as well as make it a priority.
Pamela
February 22, 2011
February 21, 2011
FICO and your credit score
www.BadCreditMadeBetter.com – Bad Credit Made Better is a consumer information portal to help educate on financial matters such as getting out of debt, debt consolidation, importance of credit score, how to repair credit score among many other topics. Bad Credit Made Better is not a registered or affiliate to any statutory bodies or associations. Bad Credit Made Better is merely consumer helping consumer. – created at animoto.com
Brittany
How To Properly Dispute Negative Items On Your Credit Report
www.DisputeDemon.com If you have been thinking about disputing negative items that appear on your credit reports, (or if you have already disputed the negative items),Exactly how to most effectivly remove the disputed negative items from your credit report.
Jesus
Why do I keep getting denied credit with a 707 credit score?
About 2 months ago I applied for Home Depot and also a Lowes charge card and was denied. At the time my credit score was 671. Recently I checked it and it went up to 707. I applied for a Sears charge card to pay for some auto repairs and was denied again. What’s going on?
Dustin