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fix credit rating
Credit Score

How to Fix Your Credit Rating in 8 Steps

Having poor credit can be very stressful and harmful to your health.

You need to take a different outlook on how your money is being spent and focus on the important things in life.

Having a low credit score puts limits on your finances and needs to be fixed.

Below I have outlined a series of steps that will get you started in repairing your credit and get you back on your feet.


First, you will need to request a credit report from all 3 Credit Bureaus. This can be done online by visiting or by calling 877-322-8228. You are entitled to all 3 credit reports for free every year.


Review each credit report carefully and dispute any errors you find by contacting the creditor that reported the error. If any disputes are found to be resulting from outstanding debts try to repay them as quickly as possible. Any legit errors that are found, ask the creditor if they can contact the bureau on your behalf to fix the error. More info in this video:


If there is any suspicion of fraud taking place, like accounts opened that you have not opened, call the credit bureau at once to have a 90-day fraud alert place on your credit report.

It’s only necessary to call 1 credit bureau as they will notify the other 2 for you. If the fraud activity is serious, you should contact the local authorities to file a police report. With a police report, you can have a 7-year fraud alert placed on your credit report.


If your debts are overwhelming, then you will need to contact a nonprofit credit counseling organization to work for a debt consolidation plan. A counselor will help you by consolidating your debts and contacting debtors on your behalf for reducing your finance charges.


cancel credit cardsClose your credit accounts and cancel credit cards.

If you need to raise money to pay off your debts, you may need to liquidate some of your assets.

Until you are caught up on your bills, you will need to cut back to the bare essentials to maintain a normal life.


Collaborate with your credit counselor to repay all your debts. Pay the necessary bills like rent and utilities and maintain a savings and checking account.


Once you have repaid all your debts, you can request a new credit card to start building good credit. Don’t charge what you don’t have and pay off the balance of the credit card every month to maintain a good credit rating.


You can improve your credit rating by maintaining a good payment record. Keeping the credit inquiries to a minimum may also help your credit rating whenever you request a credit card.…

tips get credit
Credit Score

X Tips to Get Credit

It seems that credit is the main way to purchase these days.

Cash isn’t even a close second anymore.

But if you’re just starting out and have no credit, it can be difficult to obtain a credit card.

No one wants to give credit to someone who has no credit.

This is because when you have no payment history, it is difficult to judge if you will pay back the loan or not.

Still, it does leave many of us in quite a pickle, since you need credit to get credit.

Where do you go from here?

Do Your Research

Some companies will actually look at the whole picture and not just your credit history.

Ask for a company’s loan policy.

Look for ones that check for your housing situation, bills, and income.

It is also a plus if you have been with your current employer and residence for at least a year.

This shows your potential creditors that you are stable and won’t move at the drop of a hat.

Secured Credit

If you have a savings account, many banks will issue a line of credit against the amount in the account.

They also will probably lock the account against withdrawal until you begin to pay back the loan.

They have their money, either way, so you are a pretty safe bet for credit.

Passbook Loans

This is similar to secured credit loans. The big difference is you don’t get the money.

Instead, you are using the money to open up a locked savings account. As you pay on the loan, the money then becomes available in the account.

This is a great way to build credit and savings at the same time since you did not have to have the money already in the account to get the loan.


Some banks like the one I use no longer offer passbook loans.

They offer a loan against something of equal value such as a vehicle or laptop.

Do your homework first as some banks have a minimum amount on this type of loan and the item must be worth at least the amount.

Credit Unions

Credit unions are a little bit more relaxed in their approval process.

If you qualify for membership, it may be easier to get a credit card from one of these companies.

Many of them will even offer to mail you a free credit report if you are turned down.

Student Credit

Many banks are less liberal in their approval process for college students. If you are currently a student, this may be the route for you.

Store Cards

Nearly every department store, grocery store, and gas station around is now offering a store card.

These are much easier to obtain because they can only be used at that company.

The important thing, though, is that they are reported to the credit bureaus so they can still help your credit history.

No matter which method you use, once you get a credit card, be careful with it. Always think before you spend and make sure you can pay back the loan.

Credit cards can help you establish good credit and build a bright future, but if used unwisely, they can also cause many headaches that will take forever to go away. Guard your credit with your life!…