How to Fix Bad Credit

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How to Fix Bad Credit
Simple guidelines towards Repairing, Restoring
and Protecting your credit
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• Is Bad Credit Holding You Back?

• A bad credit report to your name can be one of
  the most stressful predicaments to deal with, but
  by taking various positive actions with some
  discipline on your part, you can be on the road
  to recovery much sooner than you think.

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CREDIT REPAIR CHECKLIST

• Order Your Credit Report
• Locate and Report Error
• Clear Outstanding Debts
• Work With A Debt Counsellor
• Create a New Credit History
• Stick to a Sensible Budget

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CREDIT REPORT
Order Your Credit Report From The Credit
Bureau Study the report thoroughly to
understand all the aspects that are affecting it
negatively so that you can tackle them one by one.
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UNDERSTAND WHAT AFFECTS YOUR CREDIT SCORE

• Late payment
• Chapter 13 bankruptcy
• Foreclosure
• Loan default
• Exhausted credit cards

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Rectify Errors
Locate Any Wayward Error That Might Have
Surfaced in the Report Any such error should be
immediately reported and corrected with the
bureau.
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Clear Your Outstanding Debts
Outstanding debts are one of the most obvious
reasons behind a bad credit report - Start making
repayments as soon as possible - Repay the loans
that have the highest interest rates.
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Get In Touch With A Debt Counselling Organisation
Having a credit counsellor can ease out a huge
amount of stress for you as the analyst can help
you in - Debt consolidation - Negotiate with
the creditors to reduce financial charges.
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Start Setting Up A New And Sound Credit Foundation
While you work with your counselor set up a
clean credit history by - applying for a new
credit card - making sure that you use it with
caution - ensure that you pay the monthly bills
on time
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Change Your Outlook Towards Spending
Apart from working on repairing on your credit
report, you have to remember that you also need
to make a whole lot of positive changes in your
lifestyle as well as your attitude towards
spending. This can begin with making a realistic
budget for yourself and your family and actually
sticking to it.