Have You Had Past Credit Problems? Here’s 4 Fool Proof Tips on How to …

When someone goes by financial issues, it creates a domino effect in their lives. One of the biggest problems is that the credit bureaus will condemn you to serve a 7-10 year credit prison sentence. If they had it their way, there would also be no chance for early parole. If you want to break free from the vicious cycle that happens when credit issues arise, then keep reading.

Rebuilding credit is very easy, if you know how to do it. Just because its easy though, doesnt average that its going to happen quickly. Unfortunately when you fall down financially, there truly is no real quick fix. Rebuilding credit can take a year or more, depending on how harsh your past issues are. For example Ive seen credit reports with very minor issues such as a few late payments, or a collection account. If this sounds like your credit report, then rebounding from this problem will only take a associate of months to get back on your feet. however Ive also seen credit reports that look like an atom bomb exploded on it, and no amount of credit repair or rebuilding credit is going to work overnight. In this case it may take a year or more to move past the issues and strengthen the credit score. already with that being the case, a year or two is a whole lot better than 7-10 years at minimum.

Follow this step by step guide on calculating what path is going to be best for you:

1. Get a copy of all 3 of your credit reports.

2. clarify every single item on your credit report. Make sure that they are all reporting accurate information.

3. If you find items that are not reporting precisely (especially if they are derogatory items), then start the argument course of action to make sure you get the information either corrected or deleted. If you have items on your credit report that you know are accurate and are derogatory than it will be good to start negotiating terms with the company thats reporting that information. When negotiating its best to try to get some kind of removal after the agreement to pay the item. Make sure to get this in writing also.

4. Start establishing new lines of credit closest. There is an abundance of credit cards for people with past credit problems. Choosing the right one will be important though so make sure you do proper research on how credit scores work and the different types of credit cards that way you can make an educated decision.

These are just a associate of tips, but can bring you a long way on your journey to getting your credit score on the right path.