While you may be finding it difficult to get good advice on credit repair, there is good advice available. In this article, the author has compiled some sound credit advice to help max credit score you get back on track and repair your credit. Applying these simple tactics can literally save you hundreds of dollars in fees and interest while helping you reach your max credit score. Here are some ideas to get you going.
- Get A Secured Credit Card – If you can’t get a regular credit card due to your past credit history, a secured card may be your answer. To get a secured card you’ll need to have a deposit amount when you apply for the card. This amount is like an insurance premium, it shows your good intent and you’ll have credit up to the amount of your deposit. Most secured cards will return your deposit after a specified amount of time of good payment history.
- Be Cautious – If it sounds too good to be true, it probably is. No company can remove all of your bad credit. No matter what a company says, there’s little more they can do to repair your credit than you can, it can’t simply be erased. The only information that can be erased from your bad credit is information that is inaccurate or false and generally, you’ll have to prove that it’s inaccurate or false to get this bad information erased.
- Don’t Live Off Credit – It’s easy to live off of your credit cards and to live beyond your financial means. If this is what you’ve been doing, you need to stop now. It’s always going to be tempting to buy high priced consumer goods, especially with the commercials on television these days. Learn to be frugal, and start keeping a budget. Yes, it’s a pain and it takes discipline, but discipline is what you need if you want to fix your credit.
- Avoid Bankruptcy – Bankruptcy should only be considered as a last resort. A bankruptcy will stay on your credit report for up to 10 years. It will be more difficult to raise your credit score and secure credit if you choose this route. This is especially true if your intention is to purchase your own home. Not saying it’s impossible, just more difficult.
It is the author’s hope that this information has been helpful to you and that you’ll be able to begin rebuilding your credit with these tips. There really is no need to spend hundreds of dollars on credit repair services. Again, much of what these services do is something you can do yourself. So, be patient, obtain the information you need, utilize it and remember it takes a little time to reach your max credit score.