Archive for September, 2010

Does anyone know how to repair credit without paying for a service?

Ready Realtor asked:

I really would like to repair my own credit without having to pay someone.I recently enrolled into a service online that lets me see my credit scores from all three credit bureaus but what can I do from there.Do I need to remove all or just certain ones?Any advice would be very apreciated.


Credit Repair Online

Carrie Reeder asked:

Having less than perfect credit can be very frustrating. Trying to purchase a car or home can become a nightmare when you don’t have good credit on your side. If you have poor credit, don’t give up. There are things that can be done to improve your rating.

Seek out a Credit Counseling Agency

There are many non-profit organizations out there ready to lend information to you to get you on the right track. By visiting websites, filling out information forms or chatting with a credit counselor online you can get information vital to repairing your credit. Another benefit to this is that credit counseling agencies don’t usually charge fees to help you.

Debt Consolidation

If you have multiple credit cards and are having trouble paying on time or having trouble paying down the balances you have, debt consolidation could be a good option. By taking out a personal loan or using the equity in your home to obtain a loan, you can eliminate all of the small cards you may have and only have to deal with one payment and one interest rate. There are also organizations that work with people in poor credit situations, put them on a payment program and bargain with the credit card companies to get your payments to a level you can manage.

Self Manage Your Situation

Try using one of ABC Loan Guide’s Recommended Debt Consolidation Companies Online.

When your credit is damaged because of past situations you may just need to start and maintain good spending habits. There are many credible websites that give great tips on how to turn your credit around, check them out. Make the decision to be committed to making your payments on time, keep your balances in check and always realize that repairing your credit takes time and effort.


can someone please tell me a real credit repair company ,and how do o know if there real are fake ?

msmyanka asked:

can someone please tell me a real credit repair company ,and how do o know if there real are fake ? i’m trying to repair my credit so i can buy my first home.


Bad Credit Repair – How To Pay Off Debt and Increase Credit Score

Paul Sarwana asked:

Every day more and more people find themselves suffering with bad credit. Having bad credit makes it nearly impossible to make any major purchases such as purchasing a car, getting a credit card, renting a car an even buying a home. Below are some easy tips for bad credit repair. These tips will help you to repair your credit status bringing your total credit score up enough to where you’re able to do things again.

Many people do not realize just how low their credit score actually is until they go apply for credit somewhere. They sit down at the table awaiting to get their brand-new car only to find out that there had to be stuck with high interest rates due to their low credit score. Well there are ways to boost your credit score. Bad credit repair is easier than you think. By using the right credit repair methods for your situation you can help to reduce your level of debt over a period of time while at the same time increasing your credit.

One of the first things you will want to do is get a copy of your credit report. Then there are three major credit reporting agencies, all of which offer a free credit report once a year. You can obtain these reports from either calling them directly, going on the Internet and requesting a copy or you can write to them requesting a copy of your free credit report. Once you get your copies of your credit reports, you’ll want to look them over thoroughly.

What you are looking for are double entries on your report’s as they will lower your credit score. With all the discrepancies that you find in your credit reports, you will want to contact the credit reporting agency directly to have them removed from your credit report. You do this in writing and you can find on each of their website the forms to fill out to dispute anything on your credit report. They make it really simple for you to work with your credit score.

There are many lenders out there today that will help people with bad credit. While you may pay a higher interest rate at first, as long as you make your payments on time over a period of time, they will increase your credit and lower your interest rate. This helps to boost your credit score after showing you can make on-time payments to a credit agency. There are many lenders that focus on bad credit repair and that is the majority of their clients.

When you apply for credit the lender is looking for your debt to income ratio and what your scores on your credit reports are. A bad credit lender will help you consolidate your debt by paying off the current debt you have and giving you just one small monthly payment that you make to them. This helps increase your credit quickly and effectively as your debt is now paid off your own just one person.

By following the bad credit repair tips above you will see that you can increase your credit score and start living the life that you want to live. Keep in mind financial freedom is not what the tips above will give you but they will however help get you going in the right direction.