How to Write A Credit Repair Letter

So you have ordered a copy of your credit report, and studied it carefully. You have found several errors in your report of charges that you did not make, and a credit card account that is still open after you requested it to be closed. What do you do now? You write a credit repair letter.

What is a credit repair letter? It is a letter that you write to the credit bureau to tell them that there is a mistake in your files that you would like to have corrected. It’s best to make sure that this letter looks and sounds as if it came from a consumer rather than a credit repair agency. You want to get across to the credit bureau that you are a consumer who is a little upset to find errors in a credit report that is supposed to be error-free, according to the law. [Read more]

How To Read A Credit Report

A credit report is an important piece of information that is used to determine eligibility for jobs to the amount of a consumers annual percentage rate. Being so important, it is certainly surprising to discover that the average consumer does not know the basics of how to read a credit report. Given that everyone will have their credit report pulled at least once in their life it is vital that consumers understand what can be found on the report and how it can affect them and their financial future. [Read more]

Improving Credit Score

A credit score is listed on the credit report and is used by many companies to evaluate the likelihood of the borrower to repay loans and how high or how low the interest rates on credit cards will be. This score is becoming more and more important through the years as many are seeing a need to turn to credit cards or mortgage loans to make ends meet or to pay for emergencies. [Read more]

Fixing Your Credit Even After Bankruptcy

Bankruptcy is a harrowing experience that one should, obviously, avoid if one can. However, it is not the end of the world. It is not even the end of your financial life. You still have a chance at borrowing money and even investing in a home. With some patience and humility and willingness to work hard and monitor your finances, you can gradually rebuild your credit.

Don’t be deceived by creditors. They will regard you as a major target because you will be starting fresh. However, you must take care not to make the same mistakes as before. If you haven’t before, now is the time to start thinking about managing your money wisely. [Read more]

How About Do It Yourself Credit Repair?

Is it possible for someone to patch up their credit on their own without using a debt consolidation service? Yes, it sure is! If you think your credit score should be higher than it is, there are several simple things you can do yourself that can bring it up.

First of all, order a copy of your free credit report. The law states that you can get a free copy of your credit report from each of the three major credit reporting agencies, which are Experian, Equifax, and TransUnion. Each one of these reporting agencies can have slightly different information on you, so be sure that you have in hand a copy from all three before proceeding. [Read more]

What’s A FICO Credit Score?

You have probably heard the word “FICO” before in your financial dealings. Do you know exactly what FICO stands for? FICO stands for the Fair Isaac Corporation. These people who retrieve information from your credit report to calculate the three digit number which is your FICO score have been at this task since the late 1950s. [Read more]

Credit Repair After Foreclosure

So many people think that once they have been through a foreclosure, all of their debts have disappeared and they can start over again with a clean slate as far as credit is concerned. It would be nice if a bankruptcy could do all that for you, but it cannot. If you have had to file for bankruptcy because you have been having trouble with your finances, you have damaged your credit. [Read more]

Non-profit Cooperates With Credit Card Bureau to Help Small Business Owners Build Credit

Experian, one of America’s three major credit reporting agencies, has declared that it will work together with the Credit Builders’ Alliance (CBA) to help lower-income individuals - especially lower-income entrepreneurs - work on building their credit history. This will help the  lower-income small business owners borrow microloans from community organizations to qualify for bigger loans from mainstream financial institutions. [Read more]

Credit Card Debt Consolidation

If you are having trouble paying your bills, a credit card debt consolidation service can pave the way to freedom from debt for you. It will end the annoyance of the daily phone calls from bill collectors and/or collection agencies, and provide a way for you to pay all of your bills on time. You will also be able to do this without incurring any more debt. [Read more]

Consumer Credit Counseling

Many people think that the only solution to getting behind on their bills is bankruptcy because that is the only option they have ever heard anything about. They realize that there is a stigma associated with filing bankruptcy, but do not think that they have another choice. [Read more]

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