Saturday, October 17, 2009

Tips on Finding the Best Credit Card Deals

If you are looking for a new credit card, it is certainly to your advantage to search for credit card deals. If you make your homework, you could step into some of best credit card deals offered. Getting a new credit card should not be a goad of the minute thing. Your credit score can strongly impact your life, so you should take anything involved with it very seriously. You should always be well informed about any credit card you are applying for. This agency you may need to inquire inquiries and read all of the mulct print. Use these tips to assist you with your search for great credit card deals.

New Cardholder Incentives

Some of the best credit card deals include new cardholder incentives. The best credit card deals are those that allow new cardholders to do purchases for an drawn-out clip period of time, without interest charges. Some volition offer this for 60 years while others may offer this deal for up to six months. These are great because if cardholders wait until they are making a major purchase, they can salvage a batch on interest while they quickly pay it off.

Rewards Programs

Other great credit card deals include rewards programs. Rewards programs may change from card to card. Most of them work the same manner however. The more than than the cardholder utilizes their card, the more rewards they will accumulate. Rewards may be in the word form of flight points, cash back, or other miscellaneous prizes. These are great deals for cardholders that usage their cards quite a bit. Not much is better than being rewarded for disbursement money.

Interest Rates

Of course of study everyone looking for a new credit card should see good credit card deals involving interest rates. If you can get a credit card with a low interest rate, then you are getting a great deal. Many credit cards will throw interest rates of up to 22%. So, if you can get a lower
rate, you are doing great.

Annual Fees

Take notice of annual fees when looking for credit card deals. Cards with high annual fees are certainly not deserving your time. The best credit card deals include no annual or monthly fees. This allows you to be charged nil if you don’t usage your card. With many people keeping credit cards for emergency intents only, this is the best manner to go.

Credit card deals usually don’t jump out at you, so they make necessitate a small research. Brand a listing of what is of import to you personally when it come ups to your credit card and number them in order of importance. Try to happen a credit card that lucifers all of those items. When you make happen that card, you cognize you have got establish the best credit card deal available for you.

Friday, October 16, 2009

Bad Credit? Qualify Yourself For A Zero Down Mortgage Loan

I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad, I’m talking about a bankruptcy 2 years ago, thousands of dollars in outstanding collections, charge-offs and debt to income ratio of 49%. By the way, we left all of their outstanding charge-offs and collections open which means they didn’t have to pay any of them off! So many think they won't be able to qualify for a mortgage loan. Many will keep thinking they can't qualify until they read this article.

My name is Nick Graziano and I have been employed as a Loan Officer for 5 years. I have experience originating conventional mortgage loans as well as sub-prime (non-conventional) residential mortgage loans. Many of the clients that I deal with have great credit (and know it) and have no problem getting a loan but then there are those with credit problems (and they know it too). The ones with great credit are the ones that are easy to close, get the best rates and all with minimal time involved on the part of myself.

But, this article is for those with credit problems, low income and those who cannot afford a down payment. I am going to show you how to qualify for a loan with ZERO down payment, and the only out of pocket expense will be less than $1,000 ( if any at all) to cover some of the closing costs. This is just an example of one particular loan program that I use but there are numerous others out there. I picked this loan program because it allows 100% financing down to a 575 credit score

I see it on a daily basis.

Everyone wants to own a home and those with credit problems are calling every mortgage company in the phone book and applying on every mortgage website out there. (And there are many out there). Only to find out later that every time a mortgage company pulls their credit, their credit score dropped a few points, or that the particular lender doesn’t originate the type of loan that you need. That is frustrating.

Step by Step

Here is where I show you how to qualify yourself for a zero down loan.

1.The first thing you need is your tri-merge credit score. I would be more that happy to suggest a few places on the internet that you could go to get your credit score but I don’t want this article to seem like an advertisement. So, the best thing to do is to do a search on for terms like “free credit reports”, or “tri-merge credit report”. Just make sure that you end up pulling a “tri-merge” credit report on yourself. A tri-merged credit report pulls your credit profiles from the 3 major credit reporting companies and merges it into 1 report. The nice thing about pulling your credit yourself is that it will NOT affect your credit score. Bookmark this page while you go get a copy of your credit report and then come back to see the additional steps.

2.What is your credit score? Most mortgage lenders will use the middle of the three scores. Example: Your credit scores are 576, 525, 599. In this case you would use the 576 credit score since it is not the lowest score and it is not the highest.

3.Is your middle credit score at least 575? If so, congratulations and move on to the next step. If your middle score is less than 575 you have some homework to do. You can either sign up with a credit repair company (“search for credit repair”) to try and remove some derogatory items on your credit which will raise your credit score OR you can try to acquire some credit to help re-establish your credit worthiness. The easiest way to re-establish your credit is by either getting a car loan or credit card designed to help re-establish your credit. Again search for “credit cards to re-establish credit”

4.Do you have a bankruptcy or foreclosure in your past? Has it been 2 years since it was discharged? If yes, move on to the next step! If not, unfortunately in most cases your bankruptcy or foreclosure will need to be discharged at least 2 years or you will need to have at least 5% down payment.

5.You will need to document 24 months of recent mortgage or rental history. If you rent from a property management company we will need a Verification Of Rent completed. The form will be supplied by your mortgage lender or broker. If you rent from a private landlord, you will need 24 months cancelled checks/ or money order receipts with no payments over 30 days late. Sorry, you cannot prove your rental history if you pay your landlord cash every month, unless they are a property management company. If you are unable to document your rental history there is a way around it. Get your credit report and look for the following: Do you have an active credit line on your credit report that has been open for at least 24 months? Has this credit line had any activity in the last 6 months? If so, move to the next step.

6.Look at your credit report. Do you have a credit line that has a 12 month history reporting? If so and as long as you have no more that 2x30 day late payments then move on to the next step.

7.Look at your credit report again. Do any of your credit lines have a high limit of at least $3,000. If so, move to the next step.

8.Now take one more look at your credit report. You will need 1 more additional open credit line reporting on your credit report. (It does not matter how long it has been open or how much the credit line is for).

Well, congrats! You made it this far which means that your credit might qualify for a Zero Down Payment Loan. The loan program you qualified for is subject to change and is subject to additional conditions. This article should not be construed as an advertisement to lend. These are the steps that I go through when trying to pre-qualify a client that has credit problems. There are many more factors to determine so please discuss this with a qualified mortgage professional.

You are probably asking yourself what you are supposed to do with the information that was given to you in this article. The first thing is to contact a few mortgage companies. Ask them if they have any zero down loan programs that will go down to a 575 credit score, or whatever your credit score is. Remember, you will need at least a 575 credit score to qualify for this particular loan program. Also, in order to minimize your out of pocket expense, ask your mortgage professional if the property seller is allowed to pay 6% of the purchase price towards closing costs. If so, you will need to remember to negotiate that into your purchase contract when you make an offer on a house.

Tuesday, October 13, 2009

Credit Cards For Adverse Credit History

The credit card market is seeing a roar with numerous market players. It have created a sort of pick pandemonium or rather a clutter. It is of import to distinguish between a good and a bad market offer. We all have got got discussed enough about the good and best credit card offers but it is equally of import to cognize about the poor credit card offers, and what to mind of.

It is of import to check the certificate of a credit card company before sign language up for any offer since a number of fraudulent credit card companies have also sprung up along with the equal numbers of genuine ones. There is never a credit card offer that is perfect. Each have its professionals and cons. Normally, if it sounds too good to be true, then it is a certain mark of being a credit card offer for person with an adverse credit history. Offers like these tin simply rip off your pocket and go forth you with peanuts. They make tall claims to entice clients but if you read between the lines there is always a trap clause that takes the air out of the claim.

However, desperate demand you might have got of a credit do not fall into the trap of these jazzy claims. They might claim to give you low APR and high credit bounds even with your bad credit history. Now this is obviously unbelievable. More incredible agency more unreliable.

Then there could be credit card offers that are ridiculously unreasonable. For example, they may have got a worthless balance transfer offer with amount limited to a degree of say £500. Or there could be store cards through which you can shop only at a peculiar shop and that too only from a peculiar catalogue.

These credit card offers are responsible for upper limit credit card frauds or losings to clients owed to unprecedented high costs. These are mostly wipe, battalion and disappear firms, i.e. companies that pass over off your resources, battalion their business and simply disappear leaving a large hole in your pocket.

We all have those flowery once in lifetime offers claiming to change the course of study of life with all the financial additions we can get through them. Remember they are out there for business. They are not going to pay out of their pockets so obviously they cannot unrecorded up to their tall claims. Think wise and smart. It is good to put in small clip lesser-known ventures but at the same clip it is better to be safe. After all bar is better than cure.

Sunday, October 11, 2009

Beginner's Guide to Credit

I retrieve back when I was 18 and completely unmindful to the conception of credit. It looks like aeons ago! If lone Iodine had known then what I cognize now about credit. Hopefully, this short usher will be able to give you some ideas on how you can construct a solid credit rating... even if you have got to make it from scratch!!

Everyone have to begin somewhere, whether you are 18 like I was, or even 30, there is no better clip than the present to begin thought about your financial future. Chances are, your credit score will come up into to play during some point down your financial-life road. And when that clip comes, you had better have got some conception of credit and how it can assist you, or else you might happen yourself not able to measure up for much of anything.

First of all, if you are starting from scratch, don't worry! It will take some time, but eventually you will be able to measure up for the bigger things like a car or a mortgage. The first thing you need to make is set up your credit. The easiest manner to make this is to get a credit card issued by your bank. Chances are, the bank already cognizes you and won't have got as much of a problem with issuing a card to one of it's current clients. If you don't already have got a checking account, get one! There are a short ton of great banks out there that issue free checking accounts with check cards to new customers. But take note! A check card or standard atmosphere card isn't the same as a credit card! With these you are simply withdrawing the money that you already have got in your checking or other accounts. Type A credit card is very different...

A credit card is actually a right given to you by your lender to borrow a set amount of money from them. You might be shocked to happen out that the lone card you can get when you are first starting out come ups with an outrageous interest rate. Sometimes as high as 15-25%. But don't fret... as long as you pay off your balance every month, those interest rates will be easier to swallow, and you will eventually to be able to measure up for a card with a much lower rate.

A short letter for the beginner: In order to have got a good credit score for life, you need to develop a personal goal... never, EVER do a late payment for anything. I was lucky when I first started edifice credit to have got a female parent that ruthlessly instilled in me a healthy regard for the powerfulness of paying measures on time. It not only constructs your credit quickly, but do you a good steward of your finances. There were modern times when I owed money for a credit card bill, and I was so deathly afraid that the creditor would take the measure to aggregations and ding my credit, that I stooped to borrowing money, just to do certain my credit record stayed clean! I cognize that looks a small crazy... but trust me, it is extremely of import to pay all of your measures on time, even if you have got to travel out of your manner to make it. You will appreciate your diligence down the road.

A warning for the Beginner: Be careful with your spending! It may look exciting when you first get a credit card with a $1,000 limit, but it can be very dangerous. It is very alluring to feign that your credit card stands for money that you have got in the bank. My advice, don't ever pass more than than you can pay off in that same month. And if you aren't able to wage off your full balance in a month, pay more than the minimum requirement. This volition aid give you a flimsy boost.

Moving on... After you have got had your bank issued credit card for a while, and experience that you can manage the responsibility, seek moving onto one of the major credit card companies. There are many out there. Try to happen one with the lowest interest rate and no annual fee. Don't apply for too many at once! Each clip you apply for a C.C., the company will run your credit to see if you will qualify, and to see what your disbursement bounds should be. One or two should make just fine. If you did well in handling your bank C.C., you should have got no problem qualifying. A company I like is Providian; mostly because they give you a little snapshot of what your credit score is each month, and as a beginner, you will desire to begin paying attention to what your score is and how it can be effected by your different disbursement habits.

After a piece of responsible disbursement with your new credit cards, your score will really begin to move. You'll detect multiple credit card offers from many companies mysteriously begin showing up in the mail. Your score will probably be somewhere around 600-650. This isn't a bad credit score, but it could be better. Most likely, it is around this range because of your deficiency of credit history. As you can see in our Credit overview section, length of credit history accounts for around 15% of of your overall score.

Another factor that come ups into drama with your score is the type of credit you have got been issued; approx.10% of your score trusts on it. You can only construct so much credit with your credit cards. Eventually lenders will wish to see some other word forms of cogent evidence that you are able to be responsible with monies borrowed. This is where a personal loan, or a car loan can be helpful. Lenders position this as a different sort of borrowing than from the credit card companies. In terms of edifice your credit, these types of loans are great.

After that, you should see a important leaping in your credit score, and should be able to travel onto bigger and better things like a home mortgage loan! Just always do certain you retrieve the fundamentals: always pay your measures on time, and never pass beyond your means. With these tips in mind, you will be on your manner to making sound financial determinations for life.

Saturday, October 10, 2009

Free Credit Reports For You

American consumers are now entitled to have one free transcript of their credit report per twelvemonth from each of the three major credit reporting agencies. Equifax, Experian, and Trans Union are now all required by law to supply to you a transcript of your credit report. This is good intelligence for consumers; delight read on for further helpful information.

As of September 1, 2005, the federal Fair Credit Reporting Act (FCRA) necessitates that the three national credit reporting agencies supply one free copy of your credit report to you annually. You make not need to reach the three reporting agencies separately to obtain your reports, instead you can tell them online at; Oregon by calling 877-322-8228; or by completing the Annual Credit Report Request Form and mailing it in.

The mailing computer address is:

Annual Credit Report Request Service

P.O. Box 105281

Atlanta, gallium 30348-5281

The online word form is available here:

If you need transcripts more often, you can reach the three reporting agencies and petition transcripts directly from them. You will be charged for any reports over and beyond your 1 free annual report.

To purchase a transcript of your report, contact:




888-EXPERIAN (888-397-3742)

Trans Union


What is the best manner for you to profit from the new law? That’s easy: order transcripts of your reports from the companies on a four calendar month rotating basis. Most consumers will happen this method to be adequate as it will allow for you to compare reports from each agency. Naturally, if you already surmise fraud you will desire to tell all three reports at once and advise each agency to put a "fraud alert" in your credit file.

There are also respective private companies who will get a clasp of all three transcripts of your credit report for you as well. There are fees involved, but you may happen their services to be less of a fuss than contacting the three companies separately.

In summation, the new law is a fillip for consumers. Published reports bespeak that many credit reports incorporate errors in them; this law gives you the chance to rectify "their" mistakes by setting the record straight and at no cost to you.

Thursday, October 08, 2009

Taking Control of Your Credit

Credit is one of the hardest things for many immature (and older) people to deal with. Unfortunately subjects like using credit wisely and applying for loans are not offered in schools; these lessons are generally learned in the school of hard knocks. Learning by making errors may be effective, but it can be detrimental to your credit score and your finances as well.

A better attack is to learn from the errors of others and avoid making them yourself. Fortunately, there is a wealthiness of information available on what to make - and not make - when it come ups to credit and credit cards.

One of the biggest, and most commonly seen, errors made by new credit card holders is to utilize that easy money as an alibi to purchase tons of unneeded extravagance items. Just because you can charge that four star dinner or five star hotel room makes not intend you should. Buying a leather couch that you cannot afford is a poor usage of that new credit card, and it will catch up with you in the end.

The regulation of pollex with credit cards is this: if you cannot afford to pay cash for it make not purchase it. Of course of study there are exclusions to this rule, but they should be few and far between. A premier illustration of an exclusion to the regulation is car repairs. If you need to have got your car repaired in order to get to work and maintain earning money, that would be a wise usage of credit, even if you cannot afford to pay the measure in full at the end of the month. Even in such as an emergency, however, it is of import to squash as much extra money as possible from each and every paycheck until the measure is paid in full.

Other than emergency situations, credit card holders should endeavor to pay their measures in full every month. If you happen yourself not able to make this consistently, it may be clip to look at your disbursement and search for ways to cut back.

Using credit wisely may not be an easy goal, but it is certainly an of import one. The sooner you learn to utilize credit wisely, the better off your finances will be.

Find out more than at

Tuesday, October 06, 2009

How To Get A Credit Card With No Credit History

Oddly enough, not only will bad credit work against you when applying for a loan or a credit card, but so will NO credit. Even though this doesn't look fair, it’s the manner things work in the complicated human race of consumer credit. Lenders are mistrustful about gap accounts for people with no credit history, simply because they have got nil by which to judge your reliability.

If you can't construct a credit history without credit, and you can't get credit without a credit history, what can you do? It's nearly impossible to lease a car, stay in a hotel, or store online without a credit card.

Let's research a few ways to work around this "Catch-22."

Getting Started in Credit

Although many of the major credit card companies won't give you a card without a credit history, some smaller 1s will. Department supplies are likely candidates. Gas station cards are also easier to get.

Also you can look for a credit card company that volition reappraisal your overall financial situation, not just your credit history. Some lenders will look at your employment history, your lodging situation, and how often you have got moved. If all this rans into their standards, they may O.K. your application.

Credit Unions

If you are a credit union member, or are eligible for membership, see what their card issuing terms are. They often have got more than relaxed statuses for members. You no longer have got to work for a specific company to be eligible to fall in a credit union. So, it's swell deserving checking to happen out if there's one in your area.

Student Credit Cards

If you are a student, then you'll be best off with a student credit card. Student credit cards can be a great manner of edifice the credit history you will need after graduation. Many banks will publish college students a credit card, especially banks that are located in college or university cities and towns.

Secured Credit Cards

As a last resort, because of their high interest rates, secured credit cards are available. They are offered by lenders who will give you a line of credit either equal to, or slightly higher than, a cash sedimentation that you give them to hold. As your experience with the card grows, these lenders will often raise your bounds without requiring you to increase your deposit. Eventually, you can utilize your experience with this lender to apply for cards that are not secured.

When you make manage to get a credit card, don't travel on a disbursement fling -- you will repent it in the very near future. Use your card wisely, and above all be certain to do all payments on time. Your end is to construct a good credit history, not just get a single credit card. Soon you'll be complaining about all the credit cards being offered to you in the mail.

Monday, October 05, 2009

Opting For A Credit Card? Check Out Certain Terms

You’ve just received a "pre-approved" credit card offer in your mail. Without cachexia a minute you’re ready to accept it, especially if it’s the "before-the-offer-expires” one. Wait! Don’t be in a hurry. Shop around a small and then do your determination about that credit card.

Do you cognize that these "pre-approved" offers that dad up almost every clip you open up your mail are just gimmicks? Actually, the approval of your credit card depends on your formal application. If it neglects to ran into the criteria, you may be either denied the credit card or offered a higher interest rate on it. Moreover, don’t be in the semblance that just because your credit card is pre-approved, it’ll be compatible to your disbursement habits. Credit card basically intends that you’re borrowing money by paying some charges. So, it’s indispensable to understand the terms and statuses of the credit card before accepting it.

Every credit card applicant should be aware of certain terms before opting for that valuable plastic asset. Are you aware of them? If not, then read on…

Annual Percentage Rate (APR): It’s the measurement of the credit cost that is charged annually. Before gap your credit card account, you should be familiar with the APR. Inch addition, some credit card issuers may change your APR with the change in interest rates or other economical indicators. Programs allowing such as change are called "variable rate" programs.

Free Time Time Period or Grace Period: Always happen out whether your credit card gives you a free time period lest you may be deprived of the benefit of avoiding finance charges on full payment before the owed date. If your credit card offers a saving grace period, you should have got your measure 14 years prior to the owed date, so that you get sufficient clip to do the payments.

Annual Fees, Transaction Fees and other charges: It’s critical to have knowledge about the annual and transaction fees charged by the credit card issuer. Besides this, you may also be charged in lawsuit of a cash advance, a late payment, or exceeding your credit limit. Sometimes, you’ve to pay a monthly fee even if you don’t usage your credit card.

The Bonus Program: If you’re opting for a credit card that offers attractions like airline miles, merchandise, or cash back, check out whether there are any engagement charges linked with them. If you believe you won’t get a opportunity to utilize these bonuses owed to your lifestyle, then it’s better to avoid such as credit cards.

Zero percent financing: If you throw respective credit cards, then a credit card with an initial 0 percent balance transfer rate would salvage you 100s of dollars in the first year. However, such as transfers may come up with some charges. Check them out.

Credit card terms differ with the issuers. You should cognize how you’d usage your credit card. For instance, if you are going to pay your full balance each month, then you should concentrate on annual fee and other charges rather than the periodical rate and the APR.

Moreover, you should cognize your credit card bounds too. Also, happen out how popular the credit card is and what are the characteristics and programs of the credit card you’ve opted for.

Once you are well versed with the terms of the credit card, just apply for it!

Saturday, October 03, 2009

Dealing with High Levels of Personal Debt

In the human race today, credit is just about a necessity. It is all but impossible to lease a car, book a hotel room or purchase a airplane ticket without a credit card, and that agency that just about every consumer will eventually have got to deal with issues like credit and personal debt.

Unfortunately, there are no social classes on how to utilize credit wisely, and most consumers end up determination out about these topic the hard way, by getting into debt over their heads. While it is true that being in debt is very nerve-racking and difficult, it is of import to utilize dealing with and eliminating that debt as a learning experience, and not to reiterate the same errors in the future.

One error many consumers do when getting a credit card for the first clip is treating the card as free money. Instead of farewell with that hard earned cash, they can simply subscribe their name and purchase anything they want. Too many people do this mistake, and happen themselves with a larger measure at the end of the calendar month than they are able to pay.

This problem simply goes on to compound, and at the high interest rates charged by most credit card companies, it can be very hard to pay off even a small balance. It is easy to see, therefore, why dealing with debt can be so difficult.

One manner to both learn from a negative experience and assist repair a dinged credit evaluation is to take out a personal loan to pay off the high interest credit card debt. Not only will a personal loan aid you get quit of that high interest credit card debt, but making the payments on clip will assist to reconstruct your good credit rating. A history of on clip payments is one of the best ways to maintain your credit score up and your interest rates down.

Friday, October 02, 2009

Options for Individuals with Bad Credit

If you've had problems with your credit in the past, you might believe that your options are extremely limited in sees to financial matters. While it's true up that it can be more than hard to happen loans and credit cards when you have got got got got got bad credit, that doesn't intend that it's impossible.

In fact, there are some banks and other lenders that make a point of supplying those people who have bad credit with the loans or other services that they need.

Not only can this fill the need that they have for financial services, but they also may be able to better their credit evaluation while making payments on their new loan or credit card.

Below you'll happen some information on how your credit goes bad, what you can make to repair it, and what loan and credit card options are available for you even if you do have bad credit.

Defining Bad Credit

The first measure in getting quit of bad credit is knowing exactly what it intends to have bad credit. Basically, having bad credit intends that you've had problems making payments in the past… unfortunately, it was more than than just once or twice.

Each clip you lose a payment, there is the possible for a negative report appearing on your credit score… lose enough payment dates, and the negative reports begin to drag down your credit score.

The lower your credit score is, the worse your credit evaluation is… and the negative reports that are filed on your credit history can endure for up to seven old age before they expire.

Credit Repair

It is possible to repair your credit and better your credit score, but it can take time… don't be fooled by ads that say that they can repair it instantly, because not only is it wrong but in some of the cases what they make can also be illegal. In order to repair your credit evaluation and better your score, you'll need to get repaying some of your old debts so that they halt adding new negative reports as well as get establishing new lines of credit so that you can get positive reports added to assist convey up your score faster.

Once you've repaid your old debts and begun making regular payments on your new debts, you might have got to wait a spot before your score starts to improve… after all, you're not going to repair old age worth of credit problems in just a few weeks. As clip travels by, however, your positive reports will get to outweigh the negative; at the same time, your aged negative reports will get to expire.

It's important to make certain that you maintain up with your new payments, though… you don't desire to begin causing additional credit damage after you've finally begun to better your score.

Loan and Credit Card Options

There are a assortment of loan and credit card options available for people with bad credit, both at banking and finance companies as well as online.

It's important to retrieve that you'll be paying a much higher interest rate than you might with a good credit rating, however, so you should take care to make a spot of shopping around so as to happen the best interest rate that you can. The collateral that you utilize will also do a difference, as high-value collateral can reduce interest rates even on bad-credit loans.

Choose your loan or credit card carefully, making certain that you'll be able to maintain up with the payments, and you should be well on your manner to a new credit rating.

You may freely reissue this article provided the following author's life (including the unrecorded uniform resource locator link) stays intact:

About The Author

Thursday, October 01, 2009

Bad Credit Repair

Building your credit after repeated interruptions is a constant headache we all want to avoid. In this article I am going to break it on down for you, since there are many sources that will take full advantage of you when the opportunity arise. If you feel bad simply because you can’t meet your bills expectations at the moment they arrive, then you are not alone. The fact is, even the best of us are struggling to meet some expectation that the system has placed on us.

We calculate weekly the amount we spend on groceries, which are constantly increasing, as well as other bills that are constantly on the rise. It seems at times it is a no win situation, but the fact is there is always a solution to most problems. The problem most times is some of us do not have the means to find those solutions. This brings forth more stress and often we feel that we are alone. If you trying to build your credit status you need to find the resources that can help you get results. The marketplace offers credit repair kits, which can lead us in the right direction to repairing credit, but the disadvantage is that many of the kits are expensive.

Let’s face it, not everyone has the money to spend on commodities that claim to help us. Some of us struggle harder than others just to survive. Life is forever changing and in order to keep up with the changes we all have to find a solution. Therefore, I am going to tell you where you can get a free credit repair kit. Your local library stores a wealth of information and it is free to the public. In most libraries that have credit repair kits, credit repair books, or debt management solution books.

Anything you want at your disposal and it is all free information. The library also has copy and fax machines often, and if you notice in the credit repair guide or kit, it will have copies of the letters you can write to your creditors. Make yourself some copies and once you fill them out as instructed, you are on your way to repairing your credit. The library also has guides or kits for filing bankruptcy.

If you do not see a way out, then you may want to go this route. In most cases, you can do a Pro Bono Bankruptcy, which means you will represent yourself in the courtroom. I just wanted to let you know that if you file a Chapter 7 Bankruptcy, you will have monthly installments to make, but if you file Chapter 13 Bankruptcy then the courts wipe out all your debts. The problem is that bankruptcies remain on credit files for up to ten years or longer. If you can avoid bankruptcy do so, however it is not the end of the world if you do.

I know people personally that filed bankruptcy and was able to get loans for mortgage, cars and so on. If you know what you are, doing you can do anything no matter how bad your situation is. Avoid Debt Consolidation, simply because it is means you will be paying fees and costs to others to get out of debt, which only adds up the bills. You might want to consider a Debt Counselor from a respected organization.

It makes sense to check out any business first before spending money or asking for services. The BBB offers free information on organizations, businesses and corporations. Once you have investigated the service then you will know if the people are really trying to help you. Any service that tells you they can get you out of debt in no time at all is pulling your leg. The fact is even when you pay your bills your credit will continue to list all the bad debts, it will only say after the debt listed…Resolved.

Finally message while I am thinking about it. It is important to get copies of your credit reports from TransUnion, Equifax, and Experian. You can find any information you need online. Knowing your status in life is the beginning of repairing bad credit.