Credit Tips

If you're one of the people who has bad credit you are finding it very hard to get a loan or financing anywhere. 

A lot of people think that if they have bad credit there isn\'t a chance they can repair it.  That just is not true with a little work and  patience. 

What your credit report is a number system.  The higher the number the better your credit.  So why not get a unsecured credit card.  Use it only for emergency or just purchase something you know you can pay for immediately. Within 6 months your credit score will improve and then your back on track. 

Get organized! Make a folder for all your correspondence offline and online. You will have to do some snail mailing but in most cases you can work your repair online.

In the Us a credit score of 650 will get you a mortgage.  You can do it with a lower score but not  with a premium interest rate.

In fact, even a chapter 11 bankruptcy (erases all negative credit) is not as bad as many think.  It erases all your negative credit and allows you to start all over.  Use this opportunity to your advantage and keep up with your bills.