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      October 19, 2017

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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What to do When Your Credit Is Bad

Many consumers assume and hope they are in good financial shape until they go to make a major purchase and are declined. Whether you were aware of your credit issues or were just recently informed, the only way out of a bad credit situation is to take action. Below are some steps to improving your credit score. Remember there's no quick fix available.

Take a Look
Order a credit report from Experian, Equifax and TransUnion - the three credit reporting agencies. Take a look at what each report says about you. Closely look over your credit reports and see what errors exist. Common errors include incorrect account information that is not yours, payments reported late in error, aged items that should be removed, missing details and more. Itís free to dispute errors and is your legal right under the Fair Credit Reporting Act. You can make disputes online, over the phone and via mail. Experts advise following these rules when disputing credit items:

  • Don't dispute several items at once. Only report one dispute per letter, call or online submission. If you attempt several at once the credit agency may automatically assume they are not valid and will disregard.
  • If you are looking for the easiest method of disputing your credit reporting the online route is the fastest but will require you keep good notes.
  • When you do submit your dispute (mail, phone, online) you have to include a copy of the actual credit report item. Highlight which entry you're referring to so that you're effort is not wasted. If a credit agency is confused in any way they will return as such and you have to start the process over.

Get Help
Feeling overwhelmed or know you don't have the time to manage such a detailed project? Several credit repair companies exist today that are relatively affordable, are experts in this field and do a great job of managing the process for you. Many companies can also give you advice to start making smart financial decisions that positively impact your credit score.

Use a Prepaid Credit Card
If you've lost the use of your credit card you can still have the same convenience of a Visa or MasterCard by using a prepaid credit card. Prepaid credit cards are purchased and loaded with the available balance you'll have access to spend. Be sure and identify what fees are accessed with your prepaid card and how future balances may be loaded for your convenience.

In summary, if you have damaged credit the only way out is to take immediate action. Investigate the damage, fight the inaccuracies and get help if needed. A prepaid credit card will help get you through until your credit score improves.

This executive left a great job at PayPal to run a gift card startup she thinks could help end poverty

Pierce-Gilmore, who has spent most of her career in credit divisions across the financial industry, thinks prepaid cards could be a key step in helping low-income consumers escape heavy credit debts - the type of which she saw often when working at as a ...

Published:  Wed, 18 Oct 2017 22:56:00 GMT



How to Apply for a Walmart Credit Card

Learn: Why the Walmart MoneyCard Is Among the Best Prepaid Cards The Walmart credit card can be ideal for individuals and families who regularly shop at Walmart and would benefit from the cash-back rewards program.

Published:  Mon, 16 Oct 2017 02:27:00 GMT



Couple wants new credit cards after accounts went delinquent: Money Matters

Multiple inquiries hurt you. 7. If you can't qualify for a "regular" unsecured credit card even in a couple of years, you can get a secured card, which is like a prepaid card using your own money. Before you would open any secured card account, you'd ...

Published:  Wed, 11 Oct 2017 02:04:00 GMT



Searching Prepaid Cell Phones

credit cards, much can be learned about a subject in this manner. As there are neither credit nor identity checks when someone takes out one of these prepaid devices, they are ideal for someone seeking to remain anonymous." - John A. DeMarr PI LOS ...

Published:  Sun, 15 Oct 2017 16:52:00 GMT



Chevron Employee Cops To Credit Card Plot To Embezzle $1.8M

Darla Kay Beede, 54, formerly an administrative assistant at Chevron in Pasadena, Texas, admitted to using company credit cards issued to managers in order to purchase gift cards, prepaid debit cards, and copper wire to resell for her own personal profit ...

Published:  Wed, 18 Oct 2017 17:11:00 GMT



There's One Big Difference Between Debit and Credit

everyone's looking for a bargain-but if the cashier offers you a big discount for taking out a store credit card you might want to turn it down. Store-branded cards can come with poor terms, Prepaid Card Basics Over the last few years, there has been ...

Published:  Wed, 18 Oct 2017 18:17:00 GMT



Siouxland Federal Credit Union

Secured credit cards are great options for those who haven't built a solid credit history yet. Secured cards aren't the same as prepaid cards. With a secured card, your cash deposit doesn't run out as you spend, as it does with a prepaid card.

Published:  Mon, 09 Oct 2017 22:00:00 GMT



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