Is there an easy way to fix bad credit? The answer is a resounding no. Whether you choose to fix your bad credit yourself, or hire a company offering credit repair services, it will not be easy. There is one sure thing about credit repair, it will be stressful and will take time.
Some people believe that credit repair services are the best way to fix bad credit. That's why these companies do such good business. It is also possible to fix bad credit yourself, but it is not easy. However even dealing with credit repair companies is not necessarily easy or stress free either.
I suppose you could do it without this step, some people have tried, many have failed. You need to get rid of your credit cards. It is way to easy to spend, just this once, if you don't have to actually part with the money right now. Get rid of those cards.
Open a separate bank account, and for a few months put your payment you normally make to your credit card company in that account. I mean let's face it, you'll never get it paid off with the minimum monthly payment. When the credit companies start calling regarding your delinquent accounts, be honest that you can't pay right now, but you have a plan in place to repair this situation as soon as possible.
The next step in this plan, is to contact your credit provider, usually when you have approximately one third of your outstanding debt. Now you are in a position to offer a lump sum payment to get this debt paid off. Sometimes this first offer is snatched at, and sometimes you need to go through the process of negotiating first.
Once you assess your credit standing, you will know where you are now, and you should have a good idea of where you want to go. Then it is a simple matter of mapping out your route to get from where you are to where you want to be. It is important to decide whether a few missed payments now, in exchange for having the debt eliminated later is worth it. You don't want to make your credit worse.
A lot of people have found sources of hope, support and good information on credit repair forums. Some people working for companies offering credit repair services are on these forums as well. It can be a great place to get free advice and to read about others who have dealt with situations similar to what you're dealing with.
Please remember this, if you remember nothing else. Research. That's right Research. It is extremely important to research your alternatives as well as your legal rights and responsibilities.
My Dad is fond of a saying, measure twice and cut once. Well as it applies to fixing bad credit, it is Read thrice and act once. Reading can't be overemphasized, make sure you understand what you are doing so you don't make things worse.
One saying I have heard that rings true, is make choices and don't look back. Decide on a course of action and move forward. Never mind wasting time trying to figure out what would have happened if you had made a different decision. It's done, you decided now move forward from where you are.
The fact is that by researching, negotiating and hard work you can fix bad credit yourself. If you decide you don't want to expend the energy, there are lots of companies that offer credit repair services. Either way your credit is in your hands.
Some people believe that credit repair services are the best way to fix bad credit. That's why these companies do such good business. It is also possible to fix bad credit yourself, but it is not easy. However even dealing with credit repair companies is not necessarily easy or stress free either.
I suppose you could do it without this step, some people have tried, many have failed. You need to get rid of your credit cards. It is way to easy to spend, just this once, if you don't have to actually part with the money right now. Get rid of those cards.
Open a separate bank account, and for a few months put your payment you normally make to your credit card company in that account. I mean let's face it, you'll never get it paid off with the minimum monthly payment. When the credit companies start calling regarding your delinquent accounts, be honest that you can't pay right now, but you have a plan in place to repair this situation as soon as possible.
The next step in this plan, is to contact your credit provider, usually when you have approximately one third of your outstanding debt. Now you are in a position to offer a lump sum payment to get this debt paid off. Sometimes this first offer is snatched at, and sometimes you need to go through the process of negotiating first.
Once you assess your credit standing, you will know where you are now, and you should have a good idea of where you want to go. Then it is a simple matter of mapping out your route to get from where you are to where you want to be. It is important to decide whether a few missed payments now, in exchange for having the debt eliminated later is worth it. You don't want to make your credit worse.
A lot of people have found sources of hope, support and good information on credit repair forums. Some people working for companies offering credit repair services are on these forums as well. It can be a great place to get free advice and to read about others who have dealt with situations similar to what you're dealing with.
Please remember this, if you remember nothing else. Research. That's right Research. It is extremely important to research your alternatives as well as your legal rights and responsibilities.
My Dad is fond of a saying, measure twice and cut once. Well as it applies to fixing bad credit, it is Read thrice and act once. Reading can't be overemphasized, make sure you understand what you are doing so you don't make things worse.
One saying I have heard that rings true, is make choices and don't look back. Decide on a course of action and move forward. Never mind wasting time trying to figure out what would have happened if you had made a different decision. It's done, you decided now move forward from where you are.
The fact is that by researching, negotiating and hard work you can fix bad credit yourself. If you decide you don't want to expend the energy, there are lots of companies that offer credit repair services. Either way your credit is in your hands.
About the Author:
Debt consolidation is not a direct way to repair your credit. Family Law Lexington Your credit history, a component of your credit report, depends on how long you've held how much credit. You should go online and get your credit report before ever attempting credit repair.
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