February 20, 2018

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What to do When Your Credit Is Bad


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.

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 Week In Credit Card News: Kids Are Key Targets For ID Theft; Is Card Debt Bad For Your Health

This file is then nurtured and grown over time, generating a slim but positive credit history, which is then leveraged ... the country's largest prepaid card, could see in 2012 that banking was moving to mobile. He also knew that his company couldn ...

Published:  Fri, 16 Feb 2018 11:29:00 GMT

Forged, Stolen Credit Cards & Skimmer Recovered by Sherwood PD

The 2 arrest reports read Cobb tried and Lee did use a forged credit card to buy prepaid gas at Mapco. But according to the report when Lee wouldn't show his ID to cash back the two men drove off in a white car. Harness said, "People work hard for their ...

Published:  Sat, 17 Feb 2018 19:24:00 GMT

Rubique prepaid card launched

The prepaid card will be linked to the e-wallet enabling users to transact ... Rubique facilitates a pre-loaded line of credit on the card to fulfill users' working capital requirements. The same will reflect on the wallet as and when the customer is ...

Published:  Thu, 08 Feb 2018 06:25:00 GMT

Credit Cards for Kids 8-14: You've Got to be Kidding

With a low credit limit on the card, it can be maxed out in minutes," says Gregg Murset, CEO of Phoenix-based BusyKid, an allowance app. This is a business case for prepaid and debit cards, if you've ever seen one.

Published:  Tue, 13 Feb 2018 07:31:00 GMT

The Inventor of Prepaid Debit Cards Is Going Mobile

he abruptly switched gears and created a prepaid debit card teenagers could use to shop online. Kids were only moderately interested in his invention, but it quickly took off among adults who didn't have a bank account or credit history. A decade later ...

Published:  Mon, 12 Feb 2018 10:00:00 GMT

VISA cards not welcome everywhere

Other venues where some credit cards are restricted include Olympic stadia, where the only acceptable payment methods are South Korean currency and credit and prepaid cards with the VISA logo. The Financial Supervisory Service (FSS) said Tuesday the ...

Published:  Wed, 07 Feb 2018 22:18:00 GMT

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