6 Ways to Improve Your Fico Score

The six ways to improve your fico score are:

1. Pay down your credit balances
2. Increase your credit lines
3. Have a good credit blend
4. Make your payments on time
5. Call your creditor to see if they will re age your account
6. Credit Restoration

Additional Credit Information

Low Credit Scores Can Cost You More Money For Your Insurance Policies

A negative credit report can cost you serious money in more ways than you would probably think. It seems like a seriously unfair practice, but it is more or less legal for insurance companies to factor in your credit score when determining your insurance premiums. Auto and homeowners insurance companies are now taking a closer look at their customers' credit ratings, the idea being that consumers with poor credit are actually more likely to file insurance claims. (Pay off old bills and improve your credit scores)

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What is Re Aging a credit account?

Re Aging a credit account is a way to improve your credit report and your credit scores. This approach is helpful only if you have had a short term problem, like a layoff and now you are back on your financial feet again. What is re-aging? When a creditor re ages your account they take off from your credit account negative information surrounding your late payments. Your account will go from delinquent to good standing. Your credit score should go right up again. Sometime just changing one item can have your credit score go up over 100 points.

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What is credit repair?

Credit repair is the process of improving your credit score. Bad credit is the major factor for people not being able to finance their consumer or home purchases. It can also be a process of disputing or fixing discrepancies shown on your credit report in the credit bureaus. A credit must be able to show proof of the existence of a debt. If they can't, they must take it off of your credit report.

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Credit Cards Are Convenient - But Using Them Can Hurt Your Credit Scores

Buying gifts for friends and family during the holidays can either be fun or stressful. I tend to fall on the side of stressful and overspend. I also tend to put a little more on my credit cards than I should, so this year my wife and I are waiting until after the holidays to get each other presents. This gives us the chance to see what we get from other folks, and allows us to catch up on our bills. This might be an option for you. It might not, but here is another options to use to get out of ...


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8 Major Misconceptions About Filing a Personal Bankruptcy

Bankruptcy is a big step and can be quite helpful in the process of restoring your credit. Not filing a bankruptcy because of untruths about it can be a mistake. Read about some of the misconceptions of bankruptcy in this article.

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I Am In Debt. How Do I Get Out Of It? Start With How You Got There!

For most of us, getting into debt did not just happen over night. While there are a few exceptions about how someone gets into debt (like a sudden illness or death of a spouse), I suggest that the root of our debt problems in the United States is due to us listening to our wants instead of our needs. The good news, to get out of debt we have to listen to ourselves saying discipline and strategy will get you out of debt.

what is debt settlement

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How much will my credit score go up if I pay my collection accounts off?

If you pay your collection accounts off your credit score can go up as much as 200 points. It can take a few months to report properly in your credit report. Typically once all the collection accounts are paid off your credit score should go back to normal in about six months. You can negotiate paying off your collections as well. You don't have to pay back dollar for dollar what you owe. You might want to start our negotiating your debt at 25 cents on the dollar and see where you end up. You may have to play with them for awhile however. They usually don't just roll over on the first offer. You may have to back an forth a few times before you will be able to reach a settlement.

If you have any questions about debt negotiation please let me know.

Alternative to Bankruptcy