101 credit repair tips: Boosting Your Credit Score: Part 63, Parting Advice
- 04/07/08 05:27 AM
Conclusion If you have read all 101 tips for improving your credit score then congratulations! If you follow all - or even some - of these tips, you will notice an improvement in your credit rating with time. The main thing is to keep showing lenders that you are a good credit risk and keeping your credit report safe from identity thieves and hackers. If you already suffer from bad credit, developing your own method of credit repair using the tips in this report can help you reestablish the credit risk rating that can get you the best interest rates possible. In general, you … (4 comments)
101 credit repair tips: Boosting Your Credit Score: Part 62, Keep at it
- 04/07/08 05:23 AM
Tip #101: Keep at it Credit repair is not something that you simply do once in a while when your credit rating slips below 620. Credit repair and credit check-ups need to be part of your overall long-term financial plan. You need to follow a regular maintenance schedule of checking your credit reports regularly (you can get one free credit report from each of the major credit bureaus every four months, which lets you check your credit for free three times a year). Regular check-ups will ensure that you have not been the victim of identity theft and will help you … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 61, Collection Agencies
- 04/04/08 08:24 AM
Tip #100: Learn to deal with collection agencies If you have bad credit, you will have to deal with collection agencies sooner or later, and these companies often present the most persistent and unpleasant problem for those with bad credit. Collection agencies are basically companies that work on behalf of companies to try to recoup money that is owed. If you owe your credit card company a payment that has not been made in some time, your credit card company will eventually ask a collection agency to speak with you. In many cases, collection agencies try to get money for their … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 60, Get Help if you need it
- 04/04/08 08:21 AM
Tip #99: Get help if you need it Do not be afraid to ask for help - financial or emotional - if you need it. There are a number of wonderful organizations that can help you if a problem is causing your credit problems. If you have credit problems due to compulsive overspending, for example, Overspenders Anonymous can be a great help. If you suffer from a gambling problem, there are a number of charitable organizations that can help you overcome the addiction. If you have accumulated debt as a result of these sorts of specific problems, you will not really be … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 59, Debt & Emotions
- 04/04/08 08:20 AM
Tip #98: Don't mix debt with emotion and stay aware of your emotions It pays to separate your feelings of worth and your emotions from your finances, especially when you are trying to repair your credit. Feeling self-pity, shame, fear, or sadness as you try to repair your credit score won't help you. Staying calm and professional as you deal with credit bureaus and financial professionals will help you. If you need to, keep telling yourself that your credit score is just an important number. Keep it separate from yourself and your emotional state as far as possible. Bad credit can be emotionally … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 58, Emotional Response to $$$
- 04/04/08 08:19 AM
Tip #97: Work on your emotional response to debt and money Most of us carry a lot of emotional baggage with us when it comes to money. We see money as a marker of success, or we see money as a way of making ourselves feel better, and these attitudes lead us to much of our financial and credit problems. If we rely on money to make us feel successful, then we are apt to overspend. If we fear money - or the lack of it - we are unlikely to save it or make investments with it. We need to be … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 57, "Treat" Yourself!
- 04/04/08 08:13 AM
Tip #96: Give Yourself a Treat - without affecting your credit rating Reestablishing good credit is hard work and daunting as well. Once in a while, as you reach a milestone, you need to reward yourself. You should do this through some means that do not involve debt or money. If you repay your credit card bill, there is no sense in running up that bill again on a shopping trip. Instead, you should list some inexpensive and fun treats you could give yourself. Keep this list wherever you keep your financial file. As you reach a big milestone, take out your … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 56, Credit Reapair & Your Emotions
- 03/27/08 05:19 AM
Credit Repair and Your Emotions It is a subject that few people discuss, but more and more therapists are talking about it - the key link between our emotions and our money. We may think that money is all about our rational selves, but in fact our emotions are often very much invested in our pocket books. If we want to repair our credit, we have to deal with the emotional as well as the numerical side of money. There are a few tips that financial experts now believe can help you harness your emotions in a way that can actually help … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 55, Debt to Pay More Debt?
- 03/27/08 05:16 AM
Tip #93: Do not use one debt to repay another This results in accumulating interest and so increasingly un-payable bills. If you use one credit card to pay off another, for example, you are paying interest on interest, and paying off the new credit card bill will be more difficult. This method will also mean that you will always be looking for new credit and new debt to pay off your increasing debts. It makes more sense to get a second job or arrange for a new payment schedule. Paying off your debts with another debt may help you in the short … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 54, AVOID Payday Loans
- 03/27/08 04:26 AM
Tip #91: Use loan calculators to estimate your finances and keep your credit rating in good shape Online loan calculators are a useful tool that can help you determine how much of an interest rate you should pay, how much in monthly payments you can afford, and how much your loan will cost you in interest over the long term. Online loan calculators are free to use and can help you figure out how to make your debts more affordable. There are online loan calculators for auto loans, home loans, and personal loans. If you are going to be getting a new … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 53, Minimal Payments?
- 03/27/08 04:24 AM
Tip #89: Pay down your debts by making larger than minimal payments If you only pay down the minimum amount on each of your loans, it will take you a long, long time to pay down your loans. This is because most lenders only require that you pay down slightly more than the interest amount on your debt each month. Even a debt of a few hundred dollars could take several years to repay this way. Paying down your debts by putting down more than the minimum required monthly payment can help you pay down your debts faster and so can boost … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 52, Consolidate Debt
- 03/25/08 09:11 AM
Dealing with Debt Debt is a major factor in your credit score. If you have too much of it (or none at all) or if you have trouble repaying your debts on time, your credit score will plummet. Keeping your debts reasonable and paid, on the other hand, will do more than almost anything else to improve your credit score. Here are a few tips that can ensure that your debts actually help you boost your credit score:
Tip #88: Consolidate your loans to make repaying them easier Having lots of loans and debt is one of the biggest reasons leading to poor … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 51, Learn about Money
- 03/25/08 09:10 AM
Tip #86: Make learning about money a priority As a student, whether you attend information sessions at the financial aid office, read about money in books, or meet with your bank's financial officers, learning how to manage your money is an important part of school life. For many students, their time away from home is one of the first times they are responsible for finances - including bills. Learning to handle this responsibility well early on in life ensures that you will enjoy a good credit standing your whole life. Learning about money will also help you prevent costly credit mistakes. Tip … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 50, More College Financial Tips
- 03/25/08 09:08 AM
Tip #84: Save money by taking advantage of student discounts or student life One of the advantages of student life is that it is inexpensive. Student housing or rooms rented with roommates create inexpensive living, on-campus facilities offer great services at discount rates, and many businesses offer student-only deals. Try to take advantage of these offers to make your student money stretch further so that you have take out the smallest student loans possible. Look around to find the best student-deal offers, ranging from travel deals to free tax filing services, available from your campus and from surrounding businesses. Make use of … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 49, Student loans - never default!
- 03/25/08 09:06 AM
Tip #83: (Almost) never default on a student loan Many students think that defaulting on a student loan after graduation is a smart way to get rid of a debt. After all, they no longer need the money for school and in fact need the money for settling into a job and new home. However, defaulting on a student loan is a terrible mistake in almost all cases, because it affects your credit rating very negatively. If you have student loans, it is important that you start repaying them on schedule and that you repay them on time. Doing so will actually … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 48, Budget & Paying for Education
- 03/25/08 08:56 AM
Tip #81: If you are a student (and especially a student with student loans), budget carefully Student loans need to be paid back and are more and more often for large amounts. Taking out the smallest loans you can and sticking to a budget can help establish good credit habits that can help ensure that you have a good credit score when you leave university. Plus, since student loans are for a limited amount, you can easily budget because you will know exactly how much money you will make each month and how much money you will be spending on student housing, … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 47, Student Credit Repair
- 03/20/08 10:06 AM
Student Credit Repair Students are increasingly worried about credit and credit scores - and for good reason. Student debts are rising and the numbers of students who leave school with ruined credit scores is rising as well. Many experts blame larger credit card debts and rising tuition costs (that lead to larger student loans). Despite the pressures of today's student life, though, it is possible to leave school with a good credit score and in fact to develop good financial habits that can lead to a lifetime of good credit ratings. There are a few tips that can make the college years … (4 comments)
101 credit repair tips: Boosting Your Credit Score: Part 46, Go Online
- 03/20/08 10:03 AM
Tip #79: Go online There are a number of online resources that can help you find credit information and can help you with your credit repair project: The FICO web site - www.myfico.com - contains lots of useful credit repair information and even allows you to order credit reports and scores. The credit bureaus (transunion.com, equifax.com and experian.com) allow you to order credit scores and credit reports online. Through the online sites you can also get information on reporting errors on your credit report. Your bank likely offers online banking as well, which can make managing your accounts easier and simpler for you … (2 comments)
101 credit repair tips: Boosting Your Credit Score: Part 45, Bill Paying Tips
- 03/20/08 09:59 AM
Tip #76: Pay your bills as soon as you get them If you leave your bills until later, you may forget and end up being listed as a late payer. Some companies may not report you to credit bureaus right away, but others report even one skipped or late payment, which can show up on your credit report and affect your credit rating. Tip #77: Set aside a regular day, time, and place for paying bills If you are too busy to pay your bills as they arrive, set aside one hour each week for paying your bills and ordering your finances. Have the … (0 comments)
101 credit repair tips: Boosting Your Credit Score: Part 44, Simplify Your Bills
- 03/20/08 09:56 AM
Tip #74: Consider online banking or telephone banking to make bill payment easier If you have trouble getting your payments in on time, consider online or telephone banking. This simple system is now available from virtually every bank and can help you pay your bills in minutes - at any time of the day or night. If you travel a lot, on line or telephone banking can be a real life-saver as it will allow you to pay your bills no matter where you are. Plus, you get instant confirmation of the paid bill and your payment is counted instantly. You no longer … (0 comments)
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