Many people nowadays are getting hosed when it comes to credit. Whatever you want to blame it on--recession or depression or just bad habits--it's tough to deal with. The worst of it is that when the economy bounces back, you won't have the credit that it will take to be a player in the game.
Only Frauds Claim They Can Get Rid of Bankruptcy
Don't spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn't for everyone and if you have a bankruptcy, it's not going away for about seven years. Any "legit" bad credit on your report is there to stay.
The First Step
The first thing that you need to do is to get your hands on all three credit reporting agencies credit reports that they have on you. It's absolutely free because they have to each give you one on demand for free once a year.
Seven Years Past the Last "Action" On An Report
Understand that bad credit other than bankruptcies can stay on your report for no longer than seven years (beyond the last action) that was made on the account. Understand? Seven years after your last payment, not seven years after the negative report was logged.
Credit Reporting Errors are Very Commonplace
The days when credit bureaus can get away with a mistake on your credit report are lost and gone. Learn the simple methods to challenge negative marks and use them if you come across any mistakes like that. Really! Credit reporting mistakes are no stranger to many.
Credit Cards - Both Good and Bad
Finally, after you have done what you can in these few areas, credit repair comes down to building new credit and replacing bad credit. Credit cards are a good and bad because they are great for building credit but if used wrong, they can also quickly kill a persons credit. - 31379
Only Frauds Claim They Can Get Rid of Bankruptcy
Don't spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn't for everyone and if you have a bankruptcy, it's not going away for about seven years. Any "legit" bad credit on your report is there to stay.
The First Step
The first thing that you need to do is to get your hands on all three credit reporting agencies credit reports that they have on you. It's absolutely free because they have to each give you one on demand for free once a year.
Seven Years Past the Last "Action" On An Report
Understand that bad credit other than bankruptcies can stay on your report for no longer than seven years (beyond the last action) that was made on the account. Understand? Seven years after your last payment, not seven years after the negative report was logged.
Credit Reporting Errors are Very Commonplace
The days when credit bureaus can get away with a mistake on your credit report are lost and gone. Learn the simple methods to challenge negative marks and use them if you come across any mistakes like that. Really! Credit reporting mistakes are no stranger to many.
Credit Cards - Both Good and Bad
Finally, after you have done what you can in these few areas, credit repair comes down to building new credit and replacing bad credit. Credit cards are a good and bad because they are great for building credit but if used wrong, they can also quickly kill a persons credit. - 31379
