Tag Archives: Credit Repairing

Effective Tips That Will Repair Your Credit

Effective Tips That Will Repair Your Credit

Effective Tips That Will Repair Your Credit

Credit repair will not happen on its own. A person cannot reasonably expect to do nothing and have their credit magically repair itself. However, if one is thinking logically they can seek out the necessary information and use it to repair their credit like they wanted. This article will assist with that.

Keep your credit card balances low. having a high credit limit on your card can seem like you’ve won the lottery, but using that entire limit will lower your score. Try to keep balances at a 50% maximum. 30% is more of a prime target. By doing this you are showing that you can handle your credit well, and that you don’t need every dollar that has been extended to you.

Do not fall prey to the seven or ten year bad credit “monster” so many creditors put forth. You can positively impact your history through diligence and effort. These time frames are by no means a set standard on how long negative reports affect your standing. Many times these are used as a scare tactic to keep you from being proactive in your efforts. Continue reading

Fix Your Poor Credit Fast With These Great Ideas!

Fix Your Poor Credit Fast With These Great Ideas!

Fix Your Poor Credit Fast With These Great Ideas!

When your credit is bad, it can make you feel discouraged, upset and like a failure. Not much talking is done about what you can do to repair your credit but there are indeed steps you can take to make your credit score rise. Here are a few ways to do that.

If you have been repairing your credit for a while and have been paying responsibly, ask your credit card company to raise your credit limit. Debt utilization, the ratio of your debt to your credit limit, is one factor that determines your credit score. If you get a limit increase, then that ratio will be lower, making you appear to be a lower credit risk.

There are secured credit cards available if your credit rating is too low to open up a regular credit card account. When you open a secured credit card account, you place money on deposit to cover any charges you may make. This ensures in advance that you will have enough money to pay for your debt. Even though this card will be secured by your own money, you will make payments and manage it as if it were unsecured. This will improve your credit as you show yourself able to make the payments on time. Continue reading