What is the Fastest Way to Repair My Credit?
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Robert Corter
Nov 27, 2013, 3:40:02 PM11/27/13
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Please consider this free-reprint article written by:
Robert Corter
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Article Title: What is the Fastest Way to Repair My Credit?
Author: Robert Corter
Word Count: 515
Article URL: http://www.isnare.com/?aid=1870907&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1870907
Easy Publish Tool: http://www.isnare.com/html.php?aid=1870907
*********************** ARTICLE START ***********************
When you are in a credit score bind you may be looking for some immediate solutions coupled with a more long term solution. Using credit responsibly and disputing mistakes on your credit report are two of the most useful things you can do, whether your credit is poor or not.
The first thing to remember is to pay down credit cards that are near their limit. If you are using over 30 percent of the credit available to you on your card that will drag down your credit score. However, it is also important to remember not to be afraid to use your credit cards. Many people who have had credit problems in the past are leery of using credit cards again, even after they have learned better spending habits. While you may not want to use your credit card all the time you should use it periodically to keep your credit accounts active and build a positive report with credit reporting agencies. It is also critical to remember that the older the card is the better it is to use it. The older your credit history is, the better. Even if your credibility with a certain card was poor before it is good to use it because you are working to reestablish credibility with the company and with other financial institutions. Should your credit be in good condition using a specific card over a long period of time can be beneficial in case you ever miss a payment. Building goodwill within a company can do wonders for your credit report.
In addition to using credit cards responsibly you also want to keep the type of debt you have relatively diverse. Credit cards offer what is called "revolving" credit, meaning that as you pay your card off you can use it again. Having installment credit, provided through loans, is also important to building up your credit. Installment loans are loans such as mortgages, personal loans, auto loans, and student loans. Basically any kind of a loan you take out to purchase a specific good or service.
The second thing that is critical to repairing your credit is to actively pursue your credit report to dispute any errors. Most credit reports contain errors and it is important to remove them from your report to ensure that you are in good standing with financial institutions you may want to interact with in the future. MSN Money recommends the following things as being worth your time to follow up with:
* Late payments, charge offs, collections or other negative accounts that are not yours.
* Credit limits reported as lower than they actually are
* Accounts that are listed as "settled", "paid derogatory", or "paid as charged off" if you have paid the account in full
* Accounts listed as unpaid that were discharged in bankruptcy
Using a diverse variety of credit and disputing errors on your report are the most important things to do when repairing your credit, or continuing to keep it in good standing.
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Robert Corter
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1870907
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1870907
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: What is the Fastest Way to Repair My Credit?
Author: Robert Corter
Word Count: 515
Article URL: http://www.isnare.com/?aid=1870907&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1870907
Easy Publish Tool: http://www.isnare.com/html.php?aid=1870907
*********************** ARTICLE START ***********************
When you are in a credit score bind you may be looking for some immediate solutions coupled with a more long term solution. Using credit responsibly and disputing mistakes on your credit report are two of the most useful things you can do, whether your credit is poor or not.
The first thing to remember is to pay down credit cards that are near their limit. If you are using over 30 percent of the credit available to you on your card that will drag down your credit score. However, it is also important to remember not to be afraid to use your credit cards. Many people who have had credit problems in the past are leery of using credit cards again, even after they have learned better spending habits. While you may not want to use your credit card all the time you should use it periodically to keep your credit accounts active and build a positive report with credit reporting agencies. It is also critical to remember that the older the card is the better it is to use it. The older your credit history is, the better. Even if your credibility with a certain card was poor before it is good to use it because you are working to reestablish credibility with the company and with other financial institutions. Should your credit be in good condition using a specific card over a long period of time can be beneficial in case you ever miss a payment. Building goodwill within a company can do wonders for your credit report.
In addition to using credit cards responsibly you also want to keep the type of debt you have relatively diverse. Credit cards offer what is called "revolving" credit, meaning that as you pay your card off you can use it again. Having installment credit, provided through loans, is also important to building up your credit. Installment loans are loans such as mortgages, personal loans, auto loans, and student loans. Basically any kind of a loan you take out to purchase a specific good or service.
The second thing that is critical to repairing your credit is to actively pursue your credit report to dispute any errors. Most credit reports contain errors and it is important to remove them from your report to ensure that you are in good standing with financial institutions you may want to interact with in the future. MSN Money recommends the following things as being worth your time to follow up with:
* Late payments, charge offs, collections or other negative accounts that are not yours.
* Credit limits reported as lower than they actually are
* Accounts that are listed as "settled", "paid derogatory", or "paid as charged off" if you have paid the account in full
* Accounts listed as unpaid that were discharged in bankruptcy
Using a diverse variety of credit and disputing errors on your report are the most important things to do when repairing your credit, or continuing to keep it in good standing.
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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