This Article is About
bad credit history
split milk
temporary relief
Credit History Repair
Join 1000's of Authors at StreetArticles Today!

No matter how bad your credit is, you can seek for ways to do a Credit history repair. You do not need to brood over a bad credit history. You do not have to worry over split milk! You can begin to clean up the mess and seek practical ways to ensure a neat Credit history repair process.

To be on the way to a nice Credit history repair, you need to pay all of your bills on time. Of course, it can be worse if you don't do that. Do not forget that late payments after 30 days or more can have a negative effect on your credit history.

If you want to get through a smooth Credit history repair process, you need to lower the number of credit cards you carry. Ask your credit issuers to close some of your accounts and notify you of the status of this change to all the three credit reporting agencies.

Do your utmost best to avoid bankruptcy, tax liens for not paying state or federal income taxes or property taxes and even collections. Bankruptcy should be a no go area for you!

If it helps relieve you of your debt issues now, the pains you will experience will last for a longer time than the temporary relief you may enjoy. A bankruptcy declaration can stay up to ten years on your credit report, and this will deter lenders from giving you more loans in future. You may even find it difficult to secure a good job if care is not taken. In the same vein, collection accounts and paid tax liens stay on for seven years. On the other hand, unpaid tax liens will haunt you down for ever!

To ensure a smooth credit history repair, you need to ask your creditors to reduce the credit limits on your account so that, it lowers the amount of credit available.

Do not forget that the total amount of credit on your account is considered by lenders even if you owe nothing. You can ask a family member or friend to co-sign with you on a small loan or credit card, if you want a Credit history repair. And you should not fail to make your payments on time!

Get a secured credit card to re-establish your chances for a Credit history repair. Do not forget that you need to keep a certain amount of money in an account that will be enough to cover your charges. Let me emphasize here again that, you should always make your payments on time. Make sure you get a yearly report of your credit report and scan for any errors that may be present.

Finally, you can go to credit history repair clinics and consumer agencies to arrange a repayment plan for you and restructure your payments to fit your budget. However, always bear in mind that even if the creditor agrees to the plan, smaller payments and skipped payments will be counted against you.

If you made a friend or family member co-sign for you on a loan credit or credit card, do not forget that the person's credit will be affected by the payment history as well. So, make sure you make your payments on time. I wish you all the best in your Credit history repair process!


Street Talk

No comments present
You May Also Like
How to Get the Best Loan After Bankruptcy
Because getting financing at all is difficult with a bad credit history many focus solely on finding approval. While this is obviously the priority, you do want to try and improve your situation as best you can and look at how to get the best loan after bankruptcy you can…
By: Jennifer4 in  Finance  >  Bankruptcy Tips Advice   Nov 28, 2011  
0
  Likes: 0

Know More About Online Payment Modes And High Risk Merchant Accounts
Shopping is a part of everyone’s lives. It is something that we do inevitably to get through each and every day. But what’s fascinating about shopping is that it is evolving with us, and now, most people shop through the internet. If you have a business online and you are…
By: tisamit1 in  Finance  >  Personal Finance   Sep 14, 2012  
1
  Likes: 0

Applying for Credit Cards With No Credit History
If you've never owned a credit card, you are unlikely to have a credit history. Applying for credit cards with no credit history can sometimes be as hard as applying for them with with a bad credit history. It is often the case that credit card providers turn people down…
By: Rose Richards in  Finance  >  Credit Tips   Aug 31, 2011  
0
  Likes: 0

How to Get the Best Cash Back Credit Card?
Selecting the best credit card provider is certainly not an easy job. You need to consider a number of important parameters and the fulfillment of each and every parameter will dictate your selection. The key to an effective credit card search process is research. Talk to friends. Talk to acquaintances.…
By: Zara Ali in  Finance  >  Credit Tips   Feb 23, 2016  
0
  Likes: 0

How To Raise Your Credit Score With These Simple But Effective Credit Tips
Many people across the nation share the problem of a negative credit score. Many of those people are seeking easy ways to increase their score so that they can qualify for better rates and bigger loans. This article is full of ways that you can improve your credit score easily.…
By: Darin Sewell in  Finance  >  Credit Tips   Nov 17, 2011  
0
  Likes: 1

How to Effectively Remove Inquiries From Your Credit Report
A lot of people do not know this, but inquiries on a credit report can drastically and negatively affect theirability to get financing. In fact, having just 6 inquiries on your account within a short 6-month period can render you automatically disqualified in the eyes of many modern lenders. Despite…
By: Farrah Graham in  Finance  >  Credit Tips   Oct 30, 2015  
0
  Likes: 0

How To Prevent Bankruptcy
There are many things you have to know about learning how to prevent bankruptcy. All boils down to learning how to prevent bankruptcy if you must be able to manage your finances well. You need to find out if there are some things you need to do so as to…
By: Scott Newman in  Finance  >  Credit Tips   Dec 29, 2010  
0
  Likes: 0

How to Fix And Maintain A Good Credit Score
Getting Out Of Debt Did you know that a simple three-digit number could be that singular factor that could be standing between you and your dream? This could be buying a car, purchasing a home, starting a business, or even something as simple as managing your personal finances. Your chance…
By: Shawn Deny in  Finance  >  Credit Tips   Oct 19, 2015  
0
  Likes: 1

Ways To Improve Your Credit Score
Your credit score, no doubt, is a very useful number that lenders need to know whether or not they will extend credit to you. It also dictates what the interest rate and terms of the credit or loan will be. The lower your score, the less likely you will be…
By:  in  Finance  >  Credit Tips   Dec 30, 2010  
0
  Likes: 0

Do You Have Bogus Account Payments? A Bad Credit Repair Is Your Answer!
Doing a bad credit repair fix is simple if you know how to try to to it right. Remember that this is often not an overnight process. Discipline and a dose of frugality is the new approach you might take in your life and ought to be practiced by those…
By: Sonny Apollo in  Finance  >  Credit Tips   Feb 02, 2011  
0
  Likes: 0

Some Of These Things Might Leave You In Heavy Debt
It’s very easy for people to become overwhelmed by their credit card debts due to a number of reasons but there’s still a silver lining to this ominous reality. You aren’t alone! Others have faced the same issue; some are able to pay their debt by careful strategizing, not only…
By: Shawn Deny in  Finance  >  Credit Tips   Sep 29, 2015  
0
  Likes: 0

How Could the Credit Crunch Affect You?
While you might think of banks, businesses, and government entities when you hear the words “credit crunch,” these times of economic turmoil and uncertainty can affect you, too. Some economic sectors are affected more than others during these times, and some industries and businesses suffer more, as well. However, if…
By: joymali in  Finance  >  Credit Tips   Dec 11, 2013  
0
  Likes: 0

Credit Repair Facts And Scams
There's a new scam in town and it is called credit repair. Unfortunately, there is no way to know exactly how much money this scam rakes in per year because most victims are too embarrassed to come forward and file complaints. It starts with the promise of taking your low…
By: Maria Lazzati in  Finance  >  Credit Tips   Dec 05, 2011  
0
  Likes: 0

Different Methods Of Credit Card Processing
Credit cards have become the most popular way for consumers to make purchases. Customers nowadays expect every vendor to have some way of processing a credit card. If you are a vendor, you need to fulfill your customers’ expectations. But there are a lot of different methods of processing a…
By: johnalica in  Finance  >  Credit Tips   Sep 02, 2014  
0
  Likes: 0

Article Views: 1645    Report this Article