Poor Credit Can Be Fixed With This AdviceIf your credit report contains errors, it will lower your score, making it hard t...
errors on it. It is important to keep a record of all correspondence, whether it is via thetelephone, regular mail or emai...
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Poor Credit Can Be Fixed With This Advice

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Poor Credit Can Be Fixed With This Advice

  • 1. Poor Credit Can Be Fixed With This AdviceIf your credit report contains errors, it will lower your score, making it hard to obtain newcredit. There are a few ways to fix inaccuracies and/or blemishes on your credit report. Hereare a few ideas for fixing your credit.Look at your credit report to see if you have any missed payments or outstanding debt. Becertain there are no mistakes, then make right the wrong things youve done in your past.Pay the debt with the most interest first; dont forget to stay current with the other debts aswell.When disaster strikes and your credit is sinking, credit counseling can be just the solutionyou need. Reputable credit counselors can help you learn the ins-and-outs of credit repairand the skills you need to live within your means. You must agree to refrain from making newcharges and to abide by the budget that has been worked out.It can be terrible to deal with having multiple different debts that you are unable to pay.Spread your payments to all of your different creditors. Regardless of whether you aremaking the minimum payments or a little more, getting some money will keep your creditorsat bay and may stop them from calling collection agencies.Great Ideas For Fixing Bad Credit History Great Guide On How To Repair Your Credit CreditRepair Tips That Anyone Can Follow Having to deal with debt collectors is often verystressful and distressing. Cease and desist correspondences can be legally used by aconsumer to put off collection agencies; however they only help stop the harassing phonecalls. The consumer still has to pay disputed debts even though these letters stop agenciesfrom calling.When you have poor credit, you should reduce your credit limit through your bank. However,you should only do this if you can manage to keep your balance low. You want to avoidlowering your credit limit to the point that you run the risk of maxing out your current balance.You need to read and understand the credit card statements you receive in the mail. Its up toyou to ensure that the charges on your bill are correct and that you havent been doublecharged, overcharged or charged for something you didnt buy. You are the only one that canverify if everything on there is the way it should be.Requesting that your credit card limits be lowered can benefit you. This is likely to keep youfrom overusing credit, which can be a financial burden. It also lets credit card companiesknow that you are responsible, and this makes them more likely to extend credit to you astime goes on.Keep track of all the info on your credit report, so you can file a complaint if the report has
  • 2. errors on it. It is important to keep a record of all correspondence, whether it is via thetelephone, regular mail or email. You should certify or notarize your dispute letter when youare mailing them, in order to create proof that it was recieved.This advice can make a big difference in your credit score. The main key is to commit to yourplan of action and not allow your liabilities slip by. Fixing your credit is very very doable. Youjust need to stop worrying about it and get started.

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