Bad Credit Blog

Our site is dedicated to helping you improve your credit, in other words to get the credit you deserve. We have been there ourselves, in fact I went through a personal bankruptcy in 1990 so I know the pain.

If your credit is damaged and your credit score is low you will have trouble either getting credit or getting credit at a good interest rate. If that is your trouble then cheer up; we have good news for you! There are some steps you can take to fix the problem.

This is not a magic bullet or a general fix-all but if you follow our steps you can get your credit back on track. The first thing I have to say is this will take some time. Oh, don’t look so sad. If you took your car to a body shop because it had been totaled and they told you they could fix it overnight, you wouldn’t believe them. This is exactly the same. Some of you have credit that looks pretty bad. It can be fixed but it will take time. So chin up, let’s get started! Ready?

1.    Get a copy of your credit report (all three). You can’t fix it if you don’t know what is wrong.

2.    Go through those reports (yes, all three) and verify that the information is correct. The credit agencies themselves tell us that approximately 80% of these reports contain errors. It’s probably higher.

3.    Any thing that is incorrect or outdated can be legally removed. Be prepared to show proof that something is wrong. They are not just going to take your word for it.

4.    Report anything that you can prove is wrong or outdated to the credit agencies with copies of your proof and a NICE letter asking this to be removed. Don’t be rude and insulting or your letter will go into the trash, guaranteed. The agency has to verify the proof before it can be removed.

5.    Be prepared to wait because it takes time. If you are denied removal or the item(s) are too many or outdated (like a bankruptcy that is 15 years old) you will need to get a professional to do it for you. Lexington Law only does credit repair and they have been doing it since 1991. A friend of mine worked for six months to get some items removed and failed. Lexington Law got it done in about 60 days.

Contact them and they will get it done. We investigated lots of credit repair companies and found them to be the best and at a rate that anyone can afford. In fact you can’t afford not to hire the best if you want results and you do, that’s why you are reading this article.

6.    If you have any accounts that are past due, get current - and stay current. In fact, if possible get ahead on what’s due. Nothing shows a creditor that you mean business like paying ahead.

7.    Stop using your credit cards. I know that may be hard but put them away and don’t use them.

8.    Don’t apply for any new credit cards. When I was in college I had more than a dozen credit cards and thought that was cool - it’s not, it’s stupid! Applying for additional credit cards will lower your credit score not improve it. REMEMBER your goal is to raise your credit score.

9.    Keep accounts with balances open. You may be tempted to close out credit cards that are delinquent. Before you do that be sure this won’t negatively impact your credit score - it probably will! Another part of your credit score is based on “longevity”. So if you cancel any cards get rid of the newest.

10.                  The next thing to look at is your debt to credit ratio. You NEVER want to be maxed out on a credit card, in fact for maximum credit scoring you should keep your amount owed to approximately 25 - 30% of your credit limit. I know that may not always be easy but THAT MUST BE YOUR GOAL to raise your credit score.

11.                  Pay your debts off completely. This should be your ultimate goal. When you start paying your debts off your credit score will respond accordingly. Your outstanding debt makes up 30% of your total credit score. Lower your debt and your score will respond accordingly.

12.                  Finally, if you are a person who messed up a long time ago and want to get reestablished we have good news! You can do it! And we can show you how.

If you need a credit card (it’s nearly impossible to function without one) we can help by pointing you to companies who specialize in bad credit - credit cards.

If you need a car loan either because of bad credit or no credit we can help. The very best way is to be pre-approved for that car loan. We have companies that will pre-approve you and all you have to do is take the check to the dealer and drive out with the car of your dreams. Sound too good to be true? It isn’t! Check them out! You will be glad you did we guarantee it!

Finally, (I know this is a different subject but it is dear to my heart) if you know someone who is struggling to quit smoking, please let me refer you to a site that offers real help. Quitting smoking is the best gifts you can give yourself and your family. You can do it!

For some good Christian short stories and inspirational articles may I suggest this site! It’s great!!

Please visit our site for a complete list of helps available!

I have talked to a lot of people who have bad credit. I always begin by asking them if they know what they did (interpreted – are responsible for) to get in the mess they are in? You should hear some of the answers! “My wife left me,” “My wife spends too much money,” “I don’t make enough money” (then why do you have so many credit cards?), to a whole host of other excuses for the problem. Notice I said excuses and not reasons.

My next question is; well, have you a plan to get out of the mess you are in? Some do and some don’t. If you are one of the latter let’s see if we can help you.

Let’s start by saying that if you are disciplined (and really, really want to) there is no reason you can’t get back on top. If you are not then don’t bother reading any further.

A lot of people will offer you some bogus method to get out of the problem you have created. You may be told that you can form a corporation (won’t work), or get a fake social number or some such scheme (this is illegal just in case there is someone contemplating this).

Here are some facts that will show you just how important having a good credit score is:

You can save thousands of dollars on credit cards by qualifying for the lowest rate available.

Credit problems cause stress (marital and physical) among other things.

Having a poor credit score makes it almost impossible to buy a home since the current credit debacle.

Here’s what needs to happen if you want a better credit score . It won’t happen overnight but it will happen if you follow our directions.

Correct your credit report . I always suggest this first because the reporting agencies themselves say that up to 79% of the credit reports contain errors. I’ll bet yours does too! Get a copy and go over it line by line and see if you have any errors. I recently checked my own for accuracy and found seven errors.

If you find errors – what do you do? Start making a list of anything that is inaccurate, misleading, or whatever you find. You have the right to contest anything that is inaccurate, misleading or outdated on your credit report. Write to the agencies (all 3) and explain your side – be polite – just ask for this to be corrected. If you don’t get results (and you may not) then we recommend a good credit repair lawyer good credit repair lawyer. They will get things fixed up – guaranteed!

Plan a budget. I know you may not know how, that’s why we make it easy for you. Our website has budget planners budget planners that are FREE. We have one month and 12-month planners to help you get on top of your problem.

Pay your bills on time (what you should have been doing all along). Be more diligent about this aspect because this is a major key.

Pay your credit card(s) down. I recommend that you put them away for a time and only use them in case of a real emergency. Get those balances down to 30% or less of your credit limit.

What should your ultimate goal be? Why, I should have thought that was obvious. To be DEBT FREE! Then you will experience the ultimate freedom. No more fights with your spouse over money, no more stress attacks, no more nightmares, etc. You get the picture.

If you have trouble with numbers 1 & 2 carefully consider Lexington Law . It’s affordable and they guarantee results!

For more credit help, please visit our site. We have been there and know how bad credit can affect everything, including your health. Take a look!

If you know someone struggling to quit smoking we found a great site that offers genuine  help. You can Quit!!

Here is a great site for some wonderful Christian articles, short stories, plays, family stories, and Bible studies by Kathy Kearney. Check it out.