Credit scores and credit bureaus and FICO look like a three-headed monster living under your bed. Pull back the covers and see if you even care what your FICO score is this month.

So why does the average consumer worry so much about his credit rating? 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
- 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

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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

- 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

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In Part 3 of learning how to repair your credit you discovered that it takes more than just taking action to solve your problems with all that debt. It is just as important, if not more so, to know how to take action and the first steps you need to take to make that action effective.

You also need to be aware. Improving your credit rating and decreasing the amount of debt you have takes constant vigilance. In other words, you need to keep watching your back.

This next step is all about Read the rest of this entry

- Part 1 – Recognizing Your Debt Problem and Obtaining Your Credit Report
- Part 2 – Acting on Your Credit Reports

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In learning how to repair your credit, you first learned to recognize the fact that you actually have a debt problem and that you need to do something about it. In Part 1 you also learned a little bit about credit reports and how it will help you with repairing your credit. Part 2 tried to explain to you that you need to act on your credit reports and how to do it.

Part 3 is a little more technical, but is a crucial step in learning how to repair your credit. Although taking action on your debt problem is what you really need to do, knowing exactly HOW to take the proper action in the first place will Read the rest of this entry

Part 1 – Recognizing Your Debt Problem and Obtaining Your Credit Report

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The lesson you should have learned in Part 1 (click the above link if you missed it) was for you to get your mind straight and to recognize that you have a problem with your debts and you need to do something to to repair your credit. This first step is crucial.

Once you recognize the fact that you do have a debt problem, this should be enough motivation for you to start acting on it. Of course, before you relieve yourself of your debts you need to get all the information you need first. That information is your credit reports. Once armed with these reports you can start to do something about it.

This second step takes you from the recognition phase to the action phase.

Step 2 – Acting on Your Read the rest of this entry

By – Joseph Nykoluk

If you have a credit problem, then your first step in repairing your credit is to just set a goal to solve it. Without setting yourself a goal, how can you ever hope to achieve that touchdown. Before you can solve the problem you have have with your credit, you must first recognize the fact that you do indeed have a problem and that you need to solve it.

Once recognized, you need to start considering all the factors you will need to start building up your credit. Don’t be afraid of Read the rest of this entry