Repair Credit FactsCREDIT Repair FAQs, Credit Repair Kit, Places to Fix your Credit For Free!

If you are struggling with your debts, it’s important that you don’t panic. At the same time, it’s vital that you don’t ignore your problems, as they’ll probably just get worse if you don’t face up to them.

There is help available for people with all kinds of financial problems, so even if you can’t afford your debt repayments, you can find help.

What could I do?

The very first thing you should do if you are struggling to make payments towards your debts is contact your lenders and explain your circumstances. As a general rule, the sooner you do this, the more options you should have when it comes to dealing with your debts. What’s more, it will show your creditors that you are serious about tackling your debts.

If they think it will help you clear your debts, your lenders may agree to accept lower monthly payments for a short while, hopefully giving you enough time to ‘get your feet back on the ground’ and regain control of your finances.

However, if you don’t think you’ll be able to negotiate effectively with your creditors on your own, you could contact a professional debt management company, who should be able to negotiate with your creditors on your behalf. Read more…

Beware Bank of America and its evil plan to steal your money. Forget thinking this couldn’t possibly happen to you because you are a loyal, repeat customer.

BofA “jacks” my business account!

“Bank of America is betraying its best customers!” states James of Tallahassee, FL.

In James’ own words, “Bank of America recently raised my interest rate up 10 percentage points and dropped my credit limit without notifying me. When I regained my composure after  seeing my minimum payment, I called to ask what was going on,” says James.

Unfortunately, James’ situation is about to get worse and he doesn’t even know it.

JAMES’ UNCONTROLLABLE ANGER….

Recently, I received the exact letter you see pictured above. I already know Bank of A

Read more…

Short Term Versus Long Term

Credit repair can produce wonderful and quick results; credit bureau disputes can remove offensive errors while there are many score optimization tricks that can bump up your scores in no time at all. But some of the work you will do to improve your credit will require time. This does not mean that it will be hard, but if you want genuine enduring results you may need patience.

Your Credit History Starts Today

A quick look at a list of the factors that contribute to your FICO score will reveal the importance of a good established credit history. If you have been through a rough patch you may have very few open accounts. Without open active accounts you cannot establish a credit history. This is one area of credit repair that requires time, and as every day represents money in the FICO bank, now is the time to start building credit that will serve you well in the future.

The Preferred Means of Building Credit

Credit cards are the preferred way of rebuilding credit for the long run and are quite popular among people in credit repair programs. Read more…

Debt collector problems can be a nightmare for anyone. The relentless calls and harassing tones they use when you answer the phone. No one wants to be in debt, and the demeaning attitude taken on by these atrocious callers does not help the situation. What is even more frustrating lately is that these bill collectors seem to know so much personal information about you that it is becoming spooky. The question is how?

The answer is simple: social network sites. The newest debt collector tricks are to research what you are saying on your social network page and use that information against you. People freely spill their personal information on these sites without thinking of the ramifications this may bring. People always refer to criminals tracking you down through this abundance of personal information however; they do not talk about the other types of people who use this information to their advantage.

If you wish to avoid debt collector problems you may want to tone down on the openness you have when on a social network site. Read more…

The confusion is the result of the fact that when people go to these websites to make their reports, often check the credit for the purchase of another product before it can access reports, and despite what you may not have heard recently, the government of that law only for the benefit of society and try to sell something in the process of reviewing the reports.

Businesses to sign up for something before you need to see your reportsdo not give a free credit report at all, and you should stay away from these companies at any price. This is because the companies have some other options that actually offer a credit report free no less serious to buy some others that the first to be transported easily in place of. You may have heard credit report, free of TRW, as these loans are the types ofReports that can be accessed freely and without the need to buy anything and everything you need to do is go to the Experian website and create an account and you should now have access to all three of your reports.

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You ask, “What’s worse than a bad credit score?”

Thank you for asking. It’s a fair question. Most people have NO clue that a bad credit score is the “good” side of the situation. The “ugly side” is:

1. Getting sued!
2. Having a judgment recorded against you!
3. Paying back the adjudicated amount PLUS outrageous interest & fees (legal, etc)!

By the way, a JUDGMENT (in easy-to-understand terms) is credit suicide — no other creditor will touch you until you’ve satisfied the judgment.

You see, STRATEGY is critically important.

Now, let’s get back to PK Smith’s bad credit situation.

Recap: “PK Smith” defaults on 2 credit cards….

What you see below is my response to PK Smith’s initial email you saw above:

Hello,

I have a couple questions for you:

1.     When did you default on these cards (in what month/year)?

2.     In what state did you default or live now?

3.     When you say “shared,” do you mean your Mom put you on as a joint account holder?

4.     Have debt collectors been on you?

Mike

Mom is

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