Credit Repair Tips – 10 Ways To Get Your Credit Score In Shape Fast
This is a frequently asked question in my office, “How do I improve my credit score after bankruptcy.” It may seem like the end of your credit score when financial disaster strikes, but you’ll be surprised to learn that you can quickly rebuild your credit to get a job and finance big purchases like a home or car. Here are my top 10 ways to break yours fast credit rating in shape:
- Never charge more than 25% of any available line of credit;
- Eliminate debt. [Pay it off, filed bankruptcy, or settle it]
- Pay off balances in full each month, on time [never charge more than you can afford]
- Review your credit report annually for accuracy and correct errors;
- Never sign another’s debt unless you are ready to pay it;
- Shred all privacy-related documents [names, addresses, birthdates, etc.]
- When shopping online, remember to protect your identity/information;
- Check your credit card statements monthly to make sure all charges are correct;
- Apply to open new accounts only when necessary;
- Do not close old accounts
Having a great credit score is within anyone’s reach when you follow these simple tips. For more detailed information, please visit credit education center. I generally don’t recommend going into debt because as a bankruptcy attorney, my job is to help eliminate debt for my clients. However, I find that many clients have had problems that are not related to financial irresponsibility, but rather financial distress. This Great Recession caused massive unemployment and underemployment where workers’ wages and/or hours were reduced. Many of these statistics are not included in the state unemployment rate, making it appear that our economy is improving. It is possible to recover from a credit score decline. Working with a credit recovery expert can speed up this process.
A professional and reputable credit repair company will conduct an ongoing written campaign to dispute any error they find on your credit reports with the three major credit bureaus. You will also receive an education credit through the process. After 60 minutes of broadcasting 40 million mistakes: Is Your Credit Report Accurate?, there is an increase in lawsuits against credit bureaus Experian, Equifax and Trans Union and creditors who report false information under the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. These federal laws protect consumers against harassment by debt collectors and false information on credit reports.
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