Fixing Bad Credit Now!

1. Pay bills on time. When you are delayed or delinquent in a payment, late fees are charged, more interest accrues and your credit will fall victim fast.

2. Contact your creditors immediately if you are unable to pay your bills on time, or if you find an error in a bill. Be sure to make any complaints and corrections in writing.

3. Maintain a small number of credit cards and close unused accounts. Creditors look at your potential for going on a spending spree and temptation to fall deeply into debt. The more credit cards you have the larger your debt potential.

4. Keep your debts reasonable. Financial experts say that, as a rule, nonmortgage debt payments should not exceed 10 percent to 15 percent of your take-home pay each month. We offer great debt counseling solutions that can help you take out a debt loan or a non profit service to help you consolidate.

5. Avoid unnecessary inquiries. Any time you authorize a creditor or other business to check your credit report, an inquiry is added to your report. If you have a large number of inquiries in a short amount of time, creditors may infer that you are either applying for too much credit because of financial difficulties or taking on more debt than you can re-pay.

6. Order a copy of your credit report (available FREE in most states by the end of 2005 thanks to a new law passed) at least once a year from each of the three credit reporting companies to stay on top of changes to your credit profile and to check for identity theft. You can also check for errors and know what your credit score is compared to the national average, this will be a great step in getting a home loan or a unsecured low-interest credit card.

7. Repair Credit that is damaged.

8. Build your credit with a secured credit card or unsecured line of credit that reports to the credit bureaus. Although it is bad to have too many credit cards it is not bad to have a credit cards if you pay them off every month and keep them building your credit history back up and helping you get the credit you need to get a Home Loan.

If you have tips on credit please email us and help keep America debt free!! We can work as a team in fixing your credit and living credit-healthy lives!