I will be 5 major steps to repair and maintain good credit.
# 1) Do not make the minimum payment on credit cards!
Do not fall into this trap! If you are in this habit will be very difficult (if not impossible) to quit. If you make a payment (about $ 250) for a total of 10,000 credit card debt and average interest rate of 9.99%, about 20 years to repay debt and pay an additional $ 5000 in interest. The solution is to provide the additional $ 100 per month minimum payment. Not only to save more than $ 3500 interest payment of debt in less than 3 years. Of course, if you can not afford to pay an additional $ 100 on the minimum payment only to pay for any you can pay your income. In principle, you can save a lot of money in interest and debt-free much sooner.
# 2) Cut the fat!
What do I do with the "Trim the fat out of the five routes, ie, the markets open and close all other areas of trade. Here's what you have ... For example, a mortgage, a loan for a car (if necessary), and 3-4 credit cards. Credit cards, which are those with low interest rates, you can be rewarded, and, preferably, a credit card company, good customer service departments. Try to do this to charge an annual fee. I found that credit cards from your bank or credit union are optimal because they are easy to use, and with free online banking.
# 3) Well, that the use of credit, simply do not choke on it!
To buy and pay for at the end of the month to avoid interest and finance costs. A general rule is to maintain the balance below 33% of the limit. Thus, your credit score is in good condition and should not be paid out of control. It also allows you to stay away from this case to the loan. Therefore, if your limit is $ 1000 your balance up to $ 330 if possible.
# 4) Debt Consolidation and Consumer Credit Counseling is a bad message!
Regardless of how well the sales is a step away from it. Do not repair or improve your credit account, but actually reduces your expense. I would recommend that in the settlement of debt, assets, and interest to you. The total volume of production and the ultimate repayment of their debts. Which in turn improves your credit accounts, too. I would like to compare prices at first, so it can be costly.
# 5) litigation, the controversy!
There are hundreds of millions of social security number in the United States. There are only three major credit bureaus (Equifax, Experian and Trans Union) to all of our data and credit information. You must mistakes and errors on your credit report. The only way for the parties to the dispute in writing to the creditors and the three credit bureaus. The trick is to send for approval by creditors and the three branches. The federal Fair Credit Reporting Act from 30 days to answer back. If the bureau is unable to perform duty at the time, it will be erased from your credit report.
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Secrets five of repairing and maintaining good credit
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