Advice On Repairing Your Damaged Credit Score

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					Advice On Repairing Your Damaged Credit Score

No matter what your age or your income, you need good credit! Be it hard
economic times or foolish indiscretions, what ever happened to bring your
credit score down it must now be brought up. Much easier said than done,
so please read on for some very helpful tips and advice you can put into
practice immediately to get that credit rating back up where it belongs!

Do research on any credit repair company you wish to do business with,
starting with where they're located. If you can't find a physical address
for the company, or if the address you're provided points to a
residential area, you should be very careful in giving them any of your
money.

A great tip for people are are trying to repair their credit is to get a
free credit score. By law you are allowed to receive one free credit
report every year. Make sure you take advantage of this and request your
free copy so that you can see what your report actually looks like.

When you are trying to repair your credit score do not be depressed when
you experience setbacks along the way. Your credit score might drop as
you try to fix it. This does not mean that you did something wrong. Just
keep on adding positive information and your credit will eventually
improve.

When trying to repair your credit, it is important to know you are
entitled to a no-cost credit report from each of the three U.S. consumer
reporting companies. Annually, Equifax, Experian, and TransUnion are
legally required to give you a complimentary copy of your credit report,
if you request one. Each of these three companies has a website, a
mailing address, and a toll-free telephone number which can be used to
ask for a free annual report.

If you are trying to repair your credit, you do need to use your cards
somewhat. Allowing a card to sit without any new purchases can hurt your
score, even with a long-standing account. Making small frequent purchases
and then paying them off right away is better than not using the card at
all.

Don't play the transfer game; transferring your credit from one card to
another to avoid making a payment is only postponing the inevitable
payment. Transferring your credit is not saving you money it is really
costing you more, you have transfer fee's added with each transfer making
the amount you owe grow.

No one has to live with a bad credit score. Even though the sound of
repairing your credit sounds daunting, it can be accomplished. The first
step is to determine what is hurting your credit score. After figuring
this out, begin taking measures to minimize the damage. Next, begin steps
to start adding positive data to your credit history, like paying bills
in a timely manner. If you feel you need help in this endeavor, try to
find a reputable credit repair company.
Nobody is perfect and most of us have made the same spending mistakes
that you have and negatively effected our credit ratings. Facing up to
the problem is the first step and it is a big step in the right
direction. Take what you have learned today from this article, apply it
to your every day actions and incorporate it into your strategy for
repairing your credit now!

				
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posted:6/24/2012
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Description: Credit Repairs Tips & Advice