- Part 1 – Recognizing Your Debt Problem and Obtaining Your Credit Report
- Part 2 – Acting on Your Credit Reports
- Part 3 – How To Understand Your Credit Files
- Part 4 – Observing Your Bills and Other Debt | Secured and Unsecured Debt
- Part 5 – Creditors, Collection Agencies and Debt Counselors

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In Part 4 of this series of “How To Repair Your Credit” you were taught to use the most powerful tools you have - that being your own mind and the senses you were born with. We also talked about the fact that sometimes our “tools” were just not enough. In this case it may be time for outside help. If need be it is time to look for a good Debt Counselor to be on our side and help us with our debt load.

As with most things in life, there’s usually more than one way to “skin a cat” so to speak. This last post in this series talks about another alternative for you to think about in repairing your credit.

How To Use Read the rest of this entry

- Part 1 – Recognizing Your Debt Problem and Obtaining Your Credit Report
- Part 2 – Acting on Your Credit Reports
- Part 3 – How To Understand Your Credit Files
- Part 4 – Observing Your Bills and Other Debt | Secured and Unsecured Debt

* * * * *

Believe it or not, one of the best tools you can use to repair your credit is your own mind and your own senses. Stop getting into more debt and use your mind to think about what you are doing. Use your eyes to see and your ears to listen and pay attention to your surroundings. What are you using your debt for? Is it necessary? Do you really need to borrow to get into more debt? Remember that these activities can adversely affect your credit report.

In Part 4 of this series on “How To Repair Your Credit” you will discover the advantages as well as the disadvantages you will have as being a debtor.

Do you know what can happen when you have Read the rest of this entry

What Does Having A Bad Debt Mean?

Most people in the civilized world has some debt, but the question becomes more serious when it involves bad debt. So what is bad debt? Put simply, bad debt is debt that is not being repaid when it should be. It does not matter if you live in the United States, Canada, Mexico, Latin America or Europe. If you borrow money and do not pay it back you have a bad debt.

Examples of bad debt include such things as a credit card or a loan to which you did not make your required scheduled payment. Making your credit card payments is very important as it can Read the rest of this entry