December 15, 2017

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Own Your Credit Problems


Top Consumer Reviews Articles 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.

Own Your Credit Problems

The bad news is that youíve come out of the recent financial slump with dismal credit and unhappy creditors. But, at least, millions of people are suffering financially so you know you're not alone. Owning your financial issues today is the most responsible position you can take and, more importantly, will get you on the path to a better credit score, faster. The following steps will help you get on the road to improving your credit worthiness:

  • Access the destruction. Either pay for or request a free copy of your credit report. Sometimes it's hard to digest the truth but the inevitable is that you should look at your credit report and identify your score from all three agencies to see where you stand.
  • Dispute any credit inaccuracies. It's simple and free to dispute issues with your credit reporting. Simply go online to your creditorís website or call them directly to ask for the proper steps in disputing a reporting error. More often than not youíll find reporting errors that, when corrected, will improve your credit score. Also, if your creditor is unable to provide adequate proof, of the issue at hand, they are required by to law to reverse the negative entry. Continue to review your credit history, on a monthly or quarterly basis, to identify additional inaccuracies and also monitor your progress.
  • Answer the phone. If creditors are still calling answer your phone and have a conversation with them. Many lenders are more than happy to set up a payment plan or negotiate options that you can afford - they do this to avoid your bankruptcy.
  • Review the status of your credit cards. If you still have any open credit cards look for those with issues you can fix. For example, if you have a credit card that is over the limit, make every effort to eliminate the overdrawn portion as soon as possible.
  • Open a secured credit card. If you donít have any credit cards open consider opening a secured credit card. Secured credit cards that report to all three agencies are going to be your best option to directly improving your current credit score. However, that means you have to show that you're more responsible now and will prioritize with this card. Make monthly payments on time, every month, without issue. Be sure and review the fees associated with any secured card you may be considering.
  • Once you have a little credit. Utilize your new credit card each month in the most responsible manner. Youíll see the biggest credit score boast by regularly using your credit card but only while keeping the spending down, and paying off the balance each month. Use your credit card to pay for groceries or utility bills - no need to spend on unnecessary items.

Owning your credit problem means taking the bull by the horns. Or in this case, taking control of your credit report. This will help you find ways to improve your existing credit score while making plans for the future.

120 Days in the Life of a Secured Credit Card

Without regard to how one got into the situation of an impared score as low as 350, akin to getting a 400 SAT score for showing up with or without a pencil, life without a credit card is almost undoable. A secured card can help. Instead of a loading a ...

Published:  Fri, 08 Dec 2017 09:12:00 GMT

Capital One Platinum Prestige Credit Card

There are more attractive options for people who want to repair their credit, such as the Discover it Secured Card. This card will help you pump up your credit score while also offering rewards. Cardholders will get 2 percent cash back on restaurants and ...

Published:  Fri, 01 Dec 2017 00:00:00 GMT

Best Credit Cards to Rebuild Credit

Limited credit history or working to rebuild your credit Secured credit cards are a great option for you. These cards offer an effective way to build credit. In fact, most of the cards we review will report your payment history to all three of the credit ...

Published:  Tue, 12 Dec 2017 04:34:00 GMT

How to Get Personal Loans With No Credit Score

and if you're going to have a credit card with no credit history, a secured credit card is the way to go. They're ideal for people who can't qualify for a regular credit card, secured by a cash down payment that acts as your credit limit. Keep your ...

Published:  Mon, 11 Dec 2017 14:29:00 GMT

10 Things to Know Before Getting a Credit Card

The two types of credit cards Credit cards come in two types: secured and unsecured. Secured means you'll have to put down a cash deposit. A secured credit card is a good type of credit card for those with low or no credit. The downside is your card limit ...

Published:  Sun, 10 Dec 2017 10:00:00 GMT

Should I Add My Child as an Authorized User on My Credit Card

It's a tough situation to be in, and while there are ways around it (like opening a secured credit card, which is a good credit-building option for those out in the real world for the first time), many of those who get denied are forced to resort to a ...

Published:  Thu, 07 Dec 2017 10:14:00 GMT

5 Smart Strategic Moves to Improve Your Credit (and Your Business) in the New Year

It also gives you the opportunity to check for errors on your credit report, so they can be corrected. 3. Open a secured card and pay it back on time. Let's say you have a pretty rough credit history and it's preventing you from paying for business ...

Published:  Fri, 08 Dec 2017 14:40:00 GMT

Don't Have Good Credit These Credit Cards Still Earn You Rewards

Plus, this card is available to consumers with poor, bad, or nonexistent credit. For Less-Than-Perfect Credit: To open this secured card, you'll need a security deposit of at least $200, and your initial credit limit will equal your initial deposit.

Published:  Thu, 07 Dec 2017 21:01:39 GMT

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