Rebuilding Damaged Credit
Bad credit can happen to good people. Don't despair. There
are ways you can get your credit back in shape. But you have to
start working on it today -- and keep working hard to show
potential creditors that you're serious about getting your
credit back in order. As you do so, your credit score will
improve, resulting in better credit offers and a substantial
savings in money.
Get Started Now
Open new accounts and pay them off. Being
able to repay a variety of new accounts is a key step in
rebuilding your credit. That means that devising a strategy to
open and pay off as many different kinds of accounts as you can
is better than adding more debt to an existing credit card.
Start small. Rebuilding your credit can be
similar to starting over from scratch, and starting small may be
the easiest option. Credit cards from department stores or your
local credit union can be useful.
Consider asking for help. If you can't
qualify on your own, ask a friend or family member to cosign for
a small loan or credit card. If you can stay current on a major
credit card account or small auto loan, this will speed up the
process of re-establishing good credit on your own.
Consider a secured credit card. They are
guaranteed by a deposit that you make with the credit grantor.
The cards offer the purchasing power of a major credit card.
Just make sure the grantor reports payment histories to one of
the three major credit bureaus so you're building your positive
payment history.
Use your new accounts in moderation. And
make payments that are more than the minimum. You can keep a
small balance so that your positive payment history will
continue to show up on your credit report.
Keep your balances low. Avoid carrying a
balance that is more than 30% of your credit limit (creditors
may view it as excessive debt that you may not be able to stay
current with).
Check Your Progress
You have taken the first step toward rebuilding your credit.
Now it's time to take the next. Do you know where your credit
stands? Find out with Score
Power®, it includes your Equifax
Credit Report™ and your FICO® Credit Score, the score
used by more creditors than any other to judge you as a credit
risk.
Be Patient-the Payoff Is Worth It
It takes some time for your new credit history to gain
momentum. You're demonstrating that you are not depending on
certain credit cards and loans for your financial survival.
That's why opening and paying down accounts may make it a
little easier to get more credit. With patience and timely
repayments, you'll likely be able to build a new credit history
that creditors will look upon favorably when making decisions
about your ability to handle even more credit.
Credit Restoration Package
Good credit is essential in today's economy. Without it you
cannot buy a home or car, obtain credit cards or build the
financial future you and your family desire.
Regardless of your situation, now you can easily and effectively
repair or improve your credit rating. 2-EZ Credit Repair
provides full instructions and contains ready-to-use forms to
correct every type of credit problem. You can even use Credit
Repair to improve the credit rating of your business.
2-EZ Legal Credit Repair has been specifically designed for:
- Anyone with any type of credit problem.
- Consumers with no credit history.
- Individuals who need to repair their bad credit.
- Anyone whose credit is overextended.
- People starting out after bankruptcy.
- People who want to obtain credit or charge cards.
Get the forms and the formula to turn bad credit or no credit
into a triple-A rating.
All for only $49.95
Click her to download your Credit
Restoration Kit
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