Debt Settlement Services Create New Debt
Debt settlement service fees and increased taxes on forgiven debt are new debts that result from a settlement plan.
Is Debt Settlement an Option?
The idea behind debt settlement is to put off your payments while incurring the damages to your credit, and to save cash in the meantime.
How to Raise my Credit Score
Increasing your credit scores by a few points might mean the difference between getting a loan or getting a better rate.
Reverse Mortgage Loans: Identifying Scams and Shortcuts
This could be right for you, but you'd better be sure. Get the right information from trusted sources or risk losing your home to scammers.
How to Repair Your Credit Through a Credit Card Negotiation
A simple guide to a card negotiation.
Get Out of Debt Books
Sometimes just a few minutes of reading can empower you to take control of your finances.
Top 5 Tips For Paying Off Credit Card Debt
Some credit card companies offer interest rates as low as 0% for a limited time -- usually six months.
How to settle a charge-off
It is something that could hurt your credit for
Credit card debt negotiation
Be prepared to make a lot of phone calls.
Free Debt Consolidation Programs May Still Cost You
Debt consolidation programs offered by non-profit organizations can make repaying debt quicker and easier, and often offer free services, yet it may end up costing you.
Call us now
Ask a Question
Debtors Fight Back
Bankruptcy and Legal
Get Help Now
How to Repair My Credit
How to Repair My Credit
on February 15, 2011
How to repair my credit? It is a query that troubles the minds of millions who are dealing with the devastating consequences of debt. It is also a phrase that is searched on the Internet with increasing frequency, triggering nearly 10 million hits on Google alone. Nonetheless, the apparent wealth of information about credit repair conceals a large number of people whose advice may either confuse or capitalize upon those seeking to rebuild their lives. None of us need such further complications, as the lingering damage that a troubled financial past does to your financial mobility can not only diminish future prospects but prevent you from fulfilling your current needs. It is important to remember that there are ways one can restore credit status, but they require a sense of commitment and financial maturity that demands a form of uncompromising fiscal responsibility which instills a sense of self-discipline that will not only lead you to financial independence but help ensure that you never jeopardize it again through endangering your credit.
A commonly cited means of “fixing credit” is the pursuit of a
. You should be extremely wary of companies which offer to
conduct this process on your behalf
. Websites which depict credit disputes as the ideal form of improving credit encourage you to scrutinize your credit report for errors which you may use in order to contest the legitimacy of the case against you. It should be noted, however, that you already ought to examine your credit report closely every time it is issued since you are eligible for a free annual copy and a detailed knowledge of its contents will strengthen your awareness of your financial standing, which may help you avoid falling into debt in the first place. Additionally, those free credit reports provide you with information that will allow to conduct much of the credit repair process without having to pay a company to do it for you.
Sites which advocate credit disputes often present attractive offers, claiming (among other things) that they can legally erase all derogatory information (negative active information) from your credit file. This is completely untrue. Furthermore, be suspicious of companies which do not ask you to contact the three major credit reporting agencies (Equifax, Experian and TransUnion) directly. They should also inform you of your rights before you hire them and cannot demand payment before they have completed their services.
While credit repair appeals to us due to its promise of compromise and reconstruction of our lives, any successful route to stability and financial autonomy depends upon responsible behavior. That may well begin with a
debt repayment plan
which has to be carried out with consistency. If you can succeed in maintaining a detailed base of knowledge about your credit status and can handle repayments in due fashion, then it is possible not only to repair your credit but reinforce your security.
Current Rating: 0 (0 ratings)
Defeat Your Credit Card Debt Today!
*Please input the following code
to safely submit your information.
Enter security code:
Copyright © 2010-2012 DebtorsUnite.com. All rights reserved