Quick ways to fix your bad credit

In the modern world, Credit is a very important in the everyday life. If you have good credit history, all credit doors open for you. But if you have poor credit history, it is very difficult to get a credit card. You can face so many problems without a good credit history. You may be decline for a car loan or home loan. So you need to fix your bad credit. You can out of this problem with quickly bed credit fix information.

When you are fixing bed credit, you should be careful and be patient, because it can take time. Getting more information about your credit will help you lot at this time. You can improve your credit score wit paying your payment on time. Fill up the entries carefully because it cannot change after you had taken care of debt. All negative and unrelated information to show in you file and then they keep from being approved for credit right now. For this you require to bad credit fix quickly and also fix wrong or incorrect information.

Start to pay your loan and credit card payment on time is the best way to bad credit fixing. SO don’t wait for last minute and pay your loan on the time. You should always keep you credit card’s outstanding balance less than 25% of your credit limit. One other thing to keep in your mind to fix bad credit is to get your credit report copies from all three credit bureaus. And make sure all information reported in it is right and accurate. I any thing wrong inside the report, it is your responsibility to make it correct, because there is not option to correct itself.

Today there are many credit repair companies work for it. You can hire a profession credit repair company that makes efforts to fix your bad credit report.

Your credit score is important

Your credit score helps your creditors determine your likelihood of paying off their money back if they choose to lend you money or extend you credit. But in recent times, credit score is not only considered as a loan decision number, it has been used widely by the insurers, land lords, employers and even utility service. Thus, a credit score is an important numerical number that affects each and every aspect of your life and it is of you must be aware of all the facts regarding this three digit number.

Given below is an array of important information that you must know:

Each of the three main credit bureaus: Equifax, Experian, and TransUnion assign you a credit score. Even though all of them use information included in your report, but still you will see a difference in your scores between the three bureaus. The reason for this discrepancy is that all of your creditors do not report to the same bureau.

The FICO score is the most popular score used by the lenders. It ranges from 300 to 850. The higher your FICO score, the harder the lenders will be eager to do business with you. However, if you have a not so perfect score, then you will be facing lot of troubles in getting your loan application approved and even if you get it approved you will be charged with hefty interest rates.

Another thing that you should remember is your score is fluid i.e. it changes based on the information reported by your creditors at the end of each month. Therefore, any change in your report due to a reported financial transaction could impact your score heavily.

Knowing the different factors used by the bureaus to determine your credit score can give you the tools to improve your scores. Credit bureaus weigh factors such as: Your payment history ; how long have you had accounts opened; what is your credit limit and how much are you using; what types of credit accounts do you have; how many recent accounts have you opened and how many recent credit inquiries you have made.

How to cut your credit payment to half

Credit is what makes the world to around. Without credit this world would not function and many people would not be able withstand the difficult periods during life when their cash flow dries up because of a lack of work and income. Credit smooth out the potholes in the road to riches. In fact, more than that credit can be the beginning to the road to riches. if you can handle your money correctly.

The problem is sometimes things do not work out as planned and we find ourselves in difficulties that were not intended. With the debt collector at the door, and the sheriff about to throw you out of house and home. It is not a welcome set of circumstances. Nothing worse than seeing a family evicted out of the house they have come to know as home just because of some credit company not liking the fact that their exorbitant interest rates are not being paid.

Interest rates on consumer credit are really deadly. It bad enough has to pay any interest, let alone paying over 20%in interest on a loan. Some people find themselves paying over 30% in interest for unsecured credit.

Well there is good news for those who want to get out of trouble.

Once, after having learnt that a certain television star had gone bankrupt, I was amazed to hear two weeks later he was no longer bankrupt but had paid his creditors out at the rate of ten cents in the dollar. Now we were talking some serious money even with a settlement of ten cents in the dollar. Wouldn’t you like to be able to payout your debtors at a huge discount and then get on with your life. as if nothing had really happened? Well, you can.

Ignorance is such a costly thing. It is astounding that people are prepared to wallow in it. Knowledge, when used properly, gives you a huge advantage and enables you to wield power in circumstances and places you never thought possible. If you have the knowledge you will be amazed what you can do.

Here is some of what you can do, if you know how;

You can prevent foreclosure on our home, if you know
You can repair a poor credit rating without an attorney (just think what would save)
You can use the small claims court to remove derogatory remarks from your credit history
You can get a 20 year excellent credit history added to your credit report
You can cut your credit payments in half
You can get unsecured finance to start up or expand a business.

Knowledge is a powerful thing and when used in the right way, not only can save a fortune; you can prevent yourself from having a poor credit history, so you can obtain the money for investment purposes and other money-making business ventures. Actually, there is much more that is hidden from the public that is made use of to prosper by those who are in the know. knowledge is powerful when used in ghe right way.

Free Credit Report.com commercial with the guy driving the subcompact car

I love this free credit report commercial as well:

Well I was shopping for a new car,which one's me/a cool convertible or an SUV/too bad I didn't know my credit was whack/'cause now i'm drivin' off the lot in a used sub-compact/f-r-e-e,that spells Free/ Credit Report.com baby/saw their ads on my TV/thought about goin' but was too lazy/now instead of lookin' fly&rollin'phat/my legs are stickin' to the vinyl&my posse's gettin' laughed at/f-r-e-e,that spells Free/ Credit Report.com baby.

Freecreditreport.com commercial song

I LOVE those commercials! i want to find this one-

they say a man should always dress for the job he wants so why am i dressed up like a pirate in this restaurant its all because some hacker stole my identity now im in here every evening serving chowder and iced tea shoulda gone to freeee credit report dot com, i shoulda seen this comin at me like an atom bomb, they moniter your credit and send you email alerts so you don't end up selling fish to tourists in tee shirts!
^best one!!

Training needed before applying for credit cards

I tell young people that obtaining their first credit card, in their name, is just like buying a gun.

This comparison always brings a puzzled look. They can't make the connection!

No one should own or even handle a pistol or long gun such as a shotgun or rifle without safety training.

No one should carry a credit card without training in how to use credit, but more importantly how to pay what's owed on that credit card account.

These little plastic cards are part of growing up. A man or woman today has to possess a major credit card to spend the night in a hotel and to rent a car at an airport. I still remember hearing of a North Texas rancher who was well-to-do, but never got around to applying for a credit card.

He lived in a fairly large rural town where he simply wrote a check for big items and paid cash otherwise. This didn't work in a Denver airport when he had to rent a car. He could have written a check and bought the car he was wanting to rent, but that didn't get him the car keys.

So today's lifestyle requires a credit card, but most folks have half dozen or more with debt on them all.

It is so easy to use a credit today but so hard to pay off the debt. Would you permit your son or daughter to own a semiautomatic pistol before having any training in safety or the dangers involved? You can't shoot a friend in the stomach and then just say, "Gosh ... I'm sorry!"

Sears & Roebuck used to be the place my family bought all our major appliances, because before credit cards it was about the only business where we could buy a refrigerator or washing machine on credit.

Now with plastic cards, any store in town welcomes buyers and their credit doesn't have to be checked out.

Why do we need credit rather than paying cash? We don't have the cash. An Associated Press story this week pointed out a family of four with two children is living at poverty level with an income of less than $20,444. If you and your spouse together make anything less than that your children are growing up in what the federal government considers poverty.

And sadly, those in this lower income bracket are part of the 15.8 percent of Americans who don't have any health insurance. This just adds to their financial problems.

The poverty level is the official measure of who is eligible for federal health, housing. nutrition and child care benefits.

Do politicians really care about these needy families? It doesn't appear so. Poverty has not been a big issue in anyone's campaign.

"The poor are politically mute," said Larry Jacobs in an AP story Tuesday. He is a political scientist at the University of Minnesota. He added, "What rational politician would listen to the poor? They don't vote; they don't write checks; why care?"

How long ago has it been since Lyndon Johnson was president? He was the last president to launch a major initiative aimed at eradicating poverty.

How did I get from credit cards to poverty figures? Mainly because it is many times harder for families living in poverty to pay off credit card debt. But how do you tell people simply not to use credit? Repayment of credit is the key. But how can this be taught? - From Times Record News

A Six-Step Guide To Fixing Your Credit Report

So you finally heeded the advice of the experts and ordered a copy of your credit report only to discover a major error. Don't despair. Bankrate.com writer Cheryl Allebrand offers this step-by-step guide to fixing mistakes in your credit report:

Step 1: Gather your back-up materials. You already make a habit of holding on to financial records of everything likely to appear on your credit report for the next seven years, right? Good, because in order to set the record straight you'll have to prove your case. This will require providing the agency that compiled the report with copies of billing statements, payment records and any other documentation that supports your claim.

Step 2: Contact the credit-reporting agency. Once you've collected your evidence, you'll need to contact the credit reporting agency. (It will be one of three: Experian, TransUnion or Equifax.) The best way to do this is to send a letter of dispute via certified mail. Be as detailed as possible, but make sure the letter is no longer than one page. After the agency receives your letter, it is legally required to notify the other credit-reporting agencies, launch an investigation and contact the creditor who made the initial report.

Step 3: Contact the creditor. To expedite the process, go one step further and send a letter of dispute directly to the creditor who reported the error. If you choose to talk to a customer-service representative on the phone instead, don't assume that the situation has been resolved. Always ask the creditor to send you a letter describing the actions it has taken.

Step 4: Keep records of everything. It's important to keep a file of all payment records, receipts and billing statements relating to the error, along with copies of any letters you've sent to, or received from, the crediting-reporting agency and creditor.

Step 5: Follow up after 30 days. Once the agency receives your letter alerting it of the error, the creditor has 30 days to either verify or dispute the information. If the matter hasn't been resolved within this time, follow up with the credit-reporting agency. After the matter has been resolved, you are entitled to order another free credit report to ensure the changes have been made.

Step 6: If you can't resolve the situation, contact an attorney. If you've sent a letter of dispute and provided the credit-reporting agency with all of the available documentation and the error still hasn't been fixed, consider hiring a lawyer. Many of them are willing to take this type of case on a contingency basis, which means you pay only if you win the case, because the Fair Credit Reporting Act has a lawyer fee written in.

To learn more about your rights, visit the Federal Trade Commission's Web site: http://www.ftc.gov/credit.