Repair Your Credit Score In These Easy Steps
We just returned from which was supposed to be a simple breakfast at the mall. This quick trip wound up in a 3 hour shopping spree where most of my store cards as well as my credit cards (that’s right, plural!) were pushed to the maximum. Instead of just having breakfast, my husband and I returned with new shoes, clothing, bath towels for the bathroom and even a new office table and chair!
The irony of the issue is that we did not have to once take actual cash from our wallets – we charged it all on credit! The shoes and clothes were bought on a charge card while the rest was split between the different plastic cards. It is quite a strange concept – leaving a store with trolleys full of merchandise and feeling as if you got it all for “free”. that’s until those monthly bills start arriving!
Buying on credit is so simple and hassle-free, it’s no surprise that many individuals end up in deep trouble when not being able to pay back all the credit that they have effortlessly amassed! The sad reality is that only missing a number of payments are all that’s necessary to quickly label you as a poor payer with a poor credit history.
The good news is that you can repair credit score once your credit score has been negatively affected. Step one would be to request a copy of your credit report from your local credit agency. In many instances every individual would be qualified to receive one free report in a certain period of time, usually a calendar year. Study that statement carefully and ensure that all payments and credit appearing on that report are in actual fact yours. It can occasionally happen that someone else’s bad credit lands on your report (we’re all human, accidents happen) and you need to bring it under the attention of the correct individual.
If your credit score indicates that you are behind on any of your debt payments, you can repair credit score by settling these outstanding debts as quickly as you possibly can. You need to pay off the installments with the highest rates of interest first as they can just land you in further issues if left unattended for too long.
Once you have had a look at your report you will quickly see which charge cards or credit cards are the ones that landed you in trouble. Pay those cards off and close them! Once you discover that you cannot overcome your shopping urge in a specific shop, having a charge card for that store is simply too tempting!
It is also a good idea to talk to a debt counselor to further help you to repair credit score. There are ways in which you can consolidate all your debt into a single account and then make one monthly payment, instead of trying to keep track of ten other payments that you need to make every month.
Try and keep your credit score as clean as possible – you do not want this to count against you when you need to apply for a vehicle or home loan.
For more information about how to repair credit score ratings visit the website http://www.creditinforepair.com
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