How To Fix Bad Credit 4 Steps To Success.pptx

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How To Fix Bad Credit 4 Steps To Success

• If youre reading this, chances are that you have
  bad credit and you want to know how to fix it.
  You arent alone! Its estimated that over
  one-third of Americans have credit scores in the
  bad or poor range, meaning they have credit
  scores under 600. While there are no quick fixes
  to fixing bad credit, if you follow these four
  steps to improve your credit, you can expect
  positive results!

1) Understand Why You Have Bad Credit
Your credit score is affected by dozens of
factors. If you have bad credit, first things
firsttake a moment to get an understanding of
why your score isnt where it should be. A bad
credit score could be a reflection of one big
mistake or a whole lot of small ones. Take some
time upfront to understand what caused your
rating and how you can fix it to build better
credit going forward. Fixing bad credit can seem
like an intimidating and frustrating task, but
there are concrete steps you can take today that
will lead you toward success. Keep reading for
some valuable information on how to fix bad
credit over time.
2) Understand Your Options
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• The first step in fixing bad credit is
  understanding what options are available and what
  they will cost you. These days, there are some
  ways that you can get rid of your bad credit, but
  each option has its pros and cons. For example,
  while its relatively easy to dispute incorrect
  information on your credit report with one of the
  big credit bureausTransUnion, Experian, or
  Equifaxit wont have an impact on your score for
  about 30 days. Depending on how severe your debt
  issues are, that could be too long for you to
  wait. Paying off delinquent accounts might seem
  like an obvious solution, but it can come with
  unexpected costs if it makes you unable to pay
  other bills because of interest payments and
  fees.
• Debt consolidation, on the other hand, helps you
  pay off all your debts at once and potentially
  save money over time. But it also involves more
  red tape than most people want to deal with. So
  when choosing how to fix bad credit, think
  carefully about which method will work best for
  you.

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3) Build Your Credibility

• Your credit score is a black mark on your
  credibility. Its pretty easy to check for
  mistakes and errors, but getting them corrected
  can be a long, drawn-out process. To fix bad
  credit in four simple steps follow these
  guidelines
• Create a plan
• Negotiate with creditors
• Obtain new credit
• Stay committed to your plan.
• The first thing you need when repairing bad
  credit is knowledge. These days many companies
  will help people rebuild their credit at a cost,
  but most of these companies do not provide much
  of a service other than filing bankruptcy for you
  (which is illegal). There are some things you can
  do yourself that will require little or no
  investment to get your bad credit fixed upright!
• Once youve created a plan, its time to start
  fixing bad credit by negotiating with your
  creditors. This means contacting each creditor
  individually and offering payment plans they
  might find acceptable. Each creditor has its own
  set of rules and regulations they must adhere to
  when dealing with customers who have poor credit
  ratings.

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4) Rebuild Your Credit Score

• If you fail to make payments according to those
  rules, they have every right to take legal action
  against you including seizing assets such as bank
  accounts, garnishing wages, or suing for debts
  owed plus interest charges and collection fees!

Your credit score is a number calculated from the
information in your credit report. You can have
bad credit due to too many late payments, not
having enough available credit, or a
debt-to-credit ratio. The quickest way to fix bad
credit is by paying your debts on time and
keeping your balances low. That alone may be
enough for you to increase your score
significantly for several months. However, if you
find yourself still needing help after using
these steps, you may want to consider additional
measures such as debt consolidation or student
loan refinancing that could make it easier for
you to manage future payments and could earn you
better interest rates on loans as well as savings
on credit card fees. A consultation with a credit
counselor could also be helpful if you are
struggling to get out of debt and maintain good
financial habits. If possible, try not to fall
behind on any bills while trying to rebuild your
credit.
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  92307
• Email - info_at_thecreditscoreking.com
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  ad-credit-4-steps-to-success/