How to fix bad credit


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This is a presentation from on how to fix bad credit efficiently. Repair, restore and protect your credit by taking the positive steps mentioned in these guidelines

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How to fix bad credit

  1. 1. How to Fix Bad Credit Simple guidelines towards Repairing, Restoring and Protecting your credit http://
  2. 2. http:// 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. Is Bad Credit Holding You Back?
  3. 3. http:// <ul><li>Order Your Credit Report </li></ul><ul><li>Locate and Report Error </li></ul><ul><li>Clear Outstanding Debts </li></ul><ul><li>Work With A Debt Counsellor </li></ul><ul><li>Create a New Credit History </li></ul><ul><li>Stick to a Sensible Budget </li></ul>CREDIT REPAIR CHECKLIST
  4. 4. http:// 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. CREDIT REPORT
  5. 5. http:// UNDERSTAND WHAT AFFECTS YOUR CREDIT SCORE <ul><li>Late payment </li></ul><ul><li>Chapter 13 bankruptcy </li></ul><ul><li>Foreclosure </li></ul><ul><li>Loan default </li></ul><ul><li>Exhausted credit cards </li></ul>
  6. 6. http:// Locate Any Wayward Error That Might Have Surfaced in the Report Any such error should be immediately reported and corrected with the bureau. Rectify Errors
  7. 7. http:// 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. Clear Your Outstanding Debts
  8. 8. http:// 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. Get In Touch With A Debt Counselling Organisation
  9. 9. http:// 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 Start Setting Up A New And Sound Credit Foundation
  10. 10. http:// 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. Change Your Outlook Towards Spending