Credit Repair

Getting Your Finances Under Control is the First Step in Repairing Your Credit

Posted 12/17/2010 2:29:49 PM
1 comment
Typically, credit repair consists of two parts, repairing the damage to your credit reports (removing bad credit) and enhancing your credit profile (adding good credit). But for some people there is a third preliminary step that must be addressed because without doing so, no amount of work on the other two will be enough to effectively and permanently restore their credit.

This third step is to get your finances under control and stop additional negative items from showing up on your credit reports. Much like a doctor will never be able to make you 100% healthy if you keep doing the things that are hurting your body, no credit repair effort will be able to completely repair your credit reports if things like late payments, collections accounts, and other delinquencies continue being added to your credit reports.

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A Sign of a Credit Repair Scam that Could Give You a False Positive

Posted 5/10/2010 4:23:58 PM
The FTC provides 6 tips for recognizing a credit repair scam with one of those tips being that a credit repair company who "recommends that you do not contact any of the three major national credit reporting companies directly" is "up to no good".

Since the FTC website is one of, if not the most cited resources on credit repair out there, this guideline as well as the other 5 have been widely circulated on a number of other sites warning people of credit repair scams. As a consequence, it is not only the FTC site but all the other sites referencing it that are disseminating information that, because of the way it is written, can cause people to believe a perfectly legitimate credit repair company is a scam.

» Continue reading A Sign of a Credit Repair Scam that Could Give You a False Positive

Lower Your Car Insurance Rates by Repairing Your Credit

Posted 3/5/2010 1:07:55 PM
If you are like many people these days trying to make your paycheck go a little farther, you may have considered shopping the different car insurance companies to see if you can find a better rate. Judging by the number of Progressive and Geico ads on television these days, it's a safe bet that you aren't the only one.
Something to keep in mind while you are searching for that ideal car insurance premium is that, odds are, regardless of which car insurance company you end up with you will be offered a lower insurance premium if your credit is good. In fact, according to according to research firm Conning & Co, more than 90% of car insurance companies consider the information in your credit reports when putting together an insurance policy.

» Continue reading Lower Your Car Insurance Rates by Repairing Your Credit