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Useful articles to help Repair your credit

10 Key steps to having GREAT credit!

If you are tired of having blemished scores stop you in your tracks whenever you try to get access to credit, this ten step check off list will definitely help you to focus on turning them in a positive direction in the future. Need help with credit management strategies or restoration assistance? Consult with the experts, www.repairmycredittoday.com.

• Get a copy of credit report from the 3 major bureaus (Equifax, Experian, and Trans Union).
• Try to never miss a payment.
• Get a very good understanding of the impact untimely payments have on your credit rating.
• Establish accounts with high limits.
• Spend 7-12%. Try never to use more than 30% of your established limit!
• Have inaccurate accounts immediately deleted.
• Accounts that cannot be verified must be deleted!
• Avoid bankruptcy [7-10-13 year plague].
• Understand the impact on scores when requesting credit [Hard vs. Soft inquiry].
• Monitor report every 3-6 months. Take immediate action to correct entries that are adversely reported.

If you need to take action right away to restore blemished items on your reports because you need to increase your credit score to purchase or refinance your property, go to www.repairmycredittoday.com and get the 8 steps to credit repair by author Michael A. Jones. His 8 steps method comes complete with coaching assistance that is guaranteed to have your scores rebounding in 30 days or less!

Get help to repair your credit NOW!

5 FASTEST WAYS TO DESTROY YOUR CREDIT RATING

You have probably heard the saying that there many ways to skin a cat…well for lack of a better parallel, there are many ways to kill your credit rating. Understanding the elements that are like dangerous corrosives that melt away your credit rating, will enable you to take the actions necessary to manage activities which affect your credit scores.

1. PAYMENT HISTORY – By not making payments on time, your credit score is adversely impacted by as much as 35%, and worst yet those results will be obvious in as little as 30-days as the credit bureaus update your file! If it is at all possible, make your scheduled payments in 50% increments twice monthly. It is always better to be super early than even 1 minute too late.

2. BALANCES OWED – It is the whole truth and nothing but the truth that potential creditors can only evaluate you based on the numerical presentation recorded on your credit reports, and will consider you credit dependent when your spending is elevated even a mere 1% over 50% of the credit line you may have been given access to . In order to control ones’ access to more credit, the scores are purposefully adjusted downward to prevent further access. In fact the balances owed factor, weighs as much as 30% on your score make up! It is amazing to know that most of the heavy balances that weigh credit scores to an all time low come as a result of "Alligator Habits." Learn more about this killer of American finances in your copy of my book “The Inside Secrets of Credit Restoration.”

3. COSIGNING FOR OTHERS – When you co-sign for some one in order to assist them in obtaining access to a residence, loans, credit cards or any other form of financial activity that requires credit reporting history, you should be very aware of their ability to fulfill their re-payment obligations. If some one you have co-signed for has the responsibility to make payments to the creditor you are now both liable to, your credit scores will quickly fall if the payment patterns made by the co-signer are not in compliance with the dates when they become due.

4. ERRONEOUS ENRTIES – It should never be taken for granted that the credit bureaus are reporting information that is accurate. Your discovery that erroneous and often time incorrect information on you credit report has somehow found a way to get on your credit report, would not be all together unique. Upon finding inaccurate information on your credit report, promptly correct it/them.

5. NOT KNOWING – The number of people who should be concerned about the status of their credit score, seemingly are not! When asked what their scores are, many will answer that they do not know. Knowing ones’ credit score is the most important part of formulating an action plan to correct deficiencies if the score is not competitive. If you have been applying for credit and keep getting denied, STOP, get to know your scores, the factors that make them negative, put in place an action plan to take corrective steps to immediately fix them and begin. For an action plan that will take you by the hand to credit restoration in just 8 steps, click here.

CHECK FRAUD – PREVENTION TIPS

Check fraud continues to be a major reason why many have suffered substantial loss and expensive inconvenience as their finances continues to be blundered by thieves who access checking accounts and extract millions of dollars from personal and business accounts daily. As the war against personal and business finance rages on, it is paramount that steps are taken to significantly reduce loss that can best be described as painful.

Some of the immediate and most aggressive steps that you can take to prevent check fraud are as follows:

1. You should avoid leaving blank spaces in the areas located on your checks after you have entered both the numerical and written dollar amount. Additionally, leave no room on the “pay to the order of” line; this seals the opportunity for a thief to enter a payee’s information other than the one you intended.

2. Be sure to keep your unused checks as well as the used carbon copies of written checks in a very safe place.

3. Review bank statements frequently and inform your bank of any unusual account activity.

4. Check with your financial institution to find out what types of check fraud prevention techniques they have recently developed to further combat this crime. For example, some banks offer security features embedded in laser printed checks.

5. If you have discovered that checks which were payable by you were stolen or unnecessarily delayed for processing, immediately notify your bank.


6. Prior to having checks printed by a company other than your bank, be sure to thoroughly check out the company’s reputation prior to releasing your valuable banking information.

7. If you choose not to use convenience checks your bank of Credit Card Company may have sent you, promptly shred in with a shredder having pulverizing capabilities or, return them to the issuing source either in person or by some form of signature required mail.y.php

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