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  1. Credit Repair Tips To Help Fix Your Credit

    Bad credit can make many aspects of your life difficult. It can keep you from getting a loan or renting an apartment, or even cost you a job. Thankfully, there are many things you can do to repair bad credit.

    Having good credit can mean the difference in a bad credit loan or good credit loan. As your credit begins to improve, you'll qualify for better loans and interest rates.

    Here are a few tips to get you started on the right path to fixing your credit.

    Check out your options with installment accounts to work with your revolving accounts. They will add positive ratings to your credit profile and dramatically increase your FICO scores. Be sure that this will fit in your budget as it requires payments to be made monthly. It will be worth every penny in very little time.

    Bills should never be left unpaid long enough to generate late fees when one's credit needs repair. Customers that incur late fees regularly are the ones that companies are most likely to make bad credit reports about. It is better to contact companies about bill payment problems than to ignore them. They will only get worse with time.

    Watch out for credit repair scams. A legitimate credit repair company will make sure to inform you of your rights under the Fair Credit Reporting Act, will have you sign a valid contract, and will not claim to be able to remove correct negative reports. A scam company will not fix your credit; they will simply take your money and disappear.

    Check your credit report from all three major credit reporting agencies once a year. This is a great opportunity to check your report for problems or bad information. If you notice a problem on your report then you have the opportunity to fix it. This also gives you an idea of how a prospective lender would view you when pulling your credit report.

    If you are trying to repair your credit score, you need a major credit card. While using a store or gas card can be an initial benefit, especially if your credit is extremely poor, to get the best credit you need a major credit card. If you can't get one with a major company, try for a secured card that converts to a regular card after a certain number of on-time payments.

    If you are repairing your credit and do not have a credit card get a secured credit card. It is a way to build your credit by paying on time every month. There may be fees, but these usually can be avoided by being diligent. Your credit with them is only in the amount of what you deposit with the bank.

    A great tip for those looking to improve their credit is to beware of credits and debts that you do not use. Signing up for a credit card and then forgetting about it still affects your credit score as long as that card is open. Make sure that you are aware of all open accounts that you have.

    An important tip to consider when working to repair your credit, is the fact that you cannot legally have a second credit file created for you.

    You can only have one social security number and one tax ID.

    One effective step in credit repair is to get a secured credit card. By getting a secured credit card and carrying a balance while paying off the majority of the monthly bill, youwill be establishing good revolving credit and increasing your credit score at the same time.

    There usually isn't a way to get around negative items on your credit report unless you contact the creditor directly. There are many companies that claim they have the ability to do this but really they just contact the creditor and if they don't hear back from them the debt is removed. Once the creditor reports to the credit agency, the negative item will show on your report again.

    Paying cash for smaller purchases will not only save ones credit cards from being overused but it will also help one repair their credit. By keeping down the amounts ontheir credit cards by paying cash whenever one can will not only limit the bill one has to pay but repair credit.

    Pay down your credit cards. The lower the balance of your credit card debt, the higher your credit score will be. Paying down this kind of debt is a great way to quickly increase your credit score so as to help you build a good reputation with your local bank. Then, it will be easier to get the loan you want.

    When trying to repair your credit, keep in mind that you will be committing a federal crime if you supply false data on a credit or loan application. It is also illegal to use falsepretenses to get an Employer Identification Number issued by the Internal Revenue Service. You will be acting criminally if you misrepresent your Social Security number. If you apply for credit through the internet, mail, or telephone and supply false information, you can be charged and prosecuted for committing wire or mail fraud.

    One of the simplest things that you can do to repair your credit is to never make the same mistakes that you did in the past. Even if you might have declared bankruptcy in the past, it does not mean that you will continue in your bad habits. You can correct this by simply working on positive things to repair your credit one step at a time.

    Pay your credit cards every month by setting up an automatic payment. This will make sure your payments are made on time every month. You will not forget to make apayment this way and you can avoid late charges or other fees for having a late or missed payment.

    While improving bad credit isn't easy, it's worthwhile. Credit repair can improve many aspects of your life. If you follow the advice given in this article, you should see yourcredit score start to rise in no time. With a little hard work and determination, you can make your credit score a number that you're proud of.

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  2. Tips To Protect Your Identity While On Vacation

    If you plan on taking a vacation in the upcoming travel season, there are a few precautions that you should take a head of time. With Thanksgiving being the most heavily traveled holiday of the year, as well as Christmas, most families will be leaving town. If your choosing to go on vacation, make sure to pay your bills ahead of time, lock up all your valuables, and set your alarm. Protecting your home while on vacation, is the standard thing to do, but have you ever thought about protecting your identity too?

    Many people do not consider identity theft being something that happens while on vacation, but it's a very common occurrence. When you decide to go on vacation, if you get a daily or weekly paper, have a neighbor or someone pick them up. Having newspapers pile up in one place, let's burglars know you're away from home. If you know you'll be gone for a lengthy period of time, put a hold on your mail with the postal service. With a mail hold, identity thieves can't get any of your personal information while you're gone.

    t's a good idea to lock up your home and set an alarm, but sometimes this does not deter burglars from breaking into your home. Most homeowners carry insurance to protect their property against vandals, but this insurance will not cover against identity theft. If you leave identity cards or even credit cards at home while on vacation, you can become a victim of identity theft. If you happen to leave any credit cards or financial information behind, then you need to lock them up in a safe, if you have one, or a secure location.

    Don't leave any financial statements lying around, or paperwork with your Social Security Number on it. If you don't need the financial information left behind, then shred the paperwork before leaving or lock them in a secure location. Also make sure you don't throw out any financial information prior to going on vacation. If you must throw away any private documents, make sure to shred them first, as identity thieves may go through your garbage looking for this information.

    Use a credit monitoring service for identity protection and receive alerts if any changes are made to your credit report.

    While you're on vacation, you still have to continue to protect your identity. If you carry a purse, keep it close to you at all times, or it's best to wear a purse that crosses over your body. For those who carry a wallet, it's best to keep it in a pocket that is hard to get in and out of, so it can't be slipped off of you, without you noticing. If you leave the hotel room, make sure to bring your identity cards, as well as your credit cards with you. By keeping your credit cards on you, it prevents anyone who may enter your hotel room unknowingly, from having access to them.

    If you're going out of state, or even out of country, it's best to contact your credit card company and bank, and let them know where you'll be using your cards. By telling your card companies where you'll be using your cards, they won't be blocked, and your spending habits can be monitored. If possible, try to use only one credit or debit card while on vacation, so you can easily track your spending. If you have several cards available, try to use as few as possible, and securely lock up the other cards you will need on your vacation. It's great to get away and have some fun on a vacation, but be sure to protect your identity while you're away as well.


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  3. Credit Repair and the Credit Bureau Battle by Ian Webber

    Credit reporting errors are much more prevalent and costly than most people realize. Over half of all credit reports have errors on them that are serious enough to cause the victim to pay higher interest rates and even to be denied for financing. Credit repair is about finding and correcting these errors, and there is more to it than most people realize.

    Too Hard to Find

    Many people dismiss credit repair as a process that requires no more than a cursory scan of their credit reports. Unfortunately, a quick scan of your credit reports will almost certainly leave almost all of the score-damaging errors undiscovered. To tap the real potential of credit repair requires an exploration of the credit reporting guidelines embodied by the Fair Credit Reporting Act FCRA. An understanding of the FCRA is certain to reveal a number of surprising and correctable errors. And every error caught and corrected is money in the bank.

    Why Credit Repair Matters

    You might be shocked at the potential cost of impaired credit. You pay interest on the money you borrow, and your interest rates are based on your credit. And it adds up. If you have a mortgage, an auto loan, and a couple of credit cards a damaged credit report could be costing you thousands of dollars each year. A small investment of time today can repay you in a tangible way for many years to come.

    Sneaky Defensive Credit Bureaus

    If you are going to launch a credit repair project you must adopt a somewhat skeptical attitude towards the credit bureaus. It might be handy to understand that the credit bureaus are not government agencies, nor do they have any status other than for-profit businesses. They each manage billions of pieces of data for over 200 million Americans, and they are not perfect. They are interested in maintaining accuracy, but only to the extent that it is not an economic detriment. You should also keep in mind that they often take a stand against credit repair only because it is in their best financial interest to do so.

    The Problem with the FTC

    The FTC in very justified in their campaign against crooked credit repair operations. The only real caveat here is that the FTC operations and press campaigns against scams can be heavy handed and unhappily omit the fact that, as in every industry, there are good guys and bad guys, and there are many excellent credit repair companies capable of significantly transforming your life.

    How the Bureaus Manage Disputes

    Once you decide to get your credit repair project underway you need to be conscious of the fact that you need to work thoughtfully, and even respectfully, within the credit bureau system. It is essential to understand the FCRA and to focus your disputes in areas that you have leverage, but it is equally important to understand that you will face some resistance. The credit bureaus receive mountains of disputes every day and have the right to refuse to process any request they feel is frivolous. They use this right liberally, and you need to be patient; determined, but patient.

    Collectors and Credit RepairAnother somewhat recalcitrant group of participants in the credit reporting process is collectors. They are governed by the Fair Debt Collection Practices Act FDCPA, and in their interaction with the bureaus by the FCRA, but there are so few repercussions for failure to comply that an amazing number of errors, intentional and otherwise, slip through the cracks. And the unwary consumer pays the price.

    Winning the Credit Repair Battle with Collectors

    When it comes to collectors appearing on your credit report, doubt your eyes. Take the time to understand how reporting period limits work, and how collectors reset them causing collections to report many years past their legal reporting limit. And to defend yourself against any active collectors you will also need to understand how statutes of limitation work. When it comes to credit repair a little homework really pays.

    Professional Credit Repair Services Work

    Not everyone has the time available to master the details involved in credit repair success. Nothing can affect your financial life like your credit. You simply cannot afford to do half the job. It s your credit, and you owe it to yourself to make sure the job is done right. Either invest in a couple of good books and put in some serious study time, or hire someone to do the job for you. Credit repair is all about the details. It s not hard to get the results if you do it right.

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  4. Tips To Save Money On Personal Finances

    All of us enjoy eating out from time to time but there are going to be instances when we want to save money when we do eat out. Fortunately, there are some things that you can do in order to save money and enjoy some of the best meals that are available in your area. Here are some tips that can help you to save money and enjoy a night out on the town, regardless of whether you are enjoying it with friends or if you're out on a date.

    Perhaps one of the best tips that I can give you for saving money is to use some type of a coupon when you are eating at a restaurant. Some restaurants are going to offer their coupons openly but others are going to put them in a San Francisco coupon book. Some of the better San Francisco restaurants will still offer discounts to pull new people into their establishment in the hopes of gaining repeat business. If you use a coupon book for this purpose, you will find that some of the higher end restaurants are also offering deals to their customers.

    Are you somebody that tends to drink when you go out for a meal? If you do, you are likely spending a lot of money in the process. Alcoholic beverages are always going to drive the bill up and although it may be enjoyable to have a drink with friends, it is much less expensive if you simply drink water. Of course, it is not only the alcoholic beverages that cost you additional money, it is also soda. In many cases, you are going to spend two dollars or more for a glass of soda and although you get free refills, it is going to be difficult to justify that price when you compare it with what you would spend at a grocery store.

    If you want to have some food that is prepared by someone else but you are not necessarily interested in spending some time outside of the home, you can save money by ordering takeout. Most restaurants are going to have a takeout menu and it helps you to save money in a number of different ways. Not only are you able to save money on the drinks, you are also save money on the tip. Although I am not advocating skipping the tip altogether, it is not necessary to give the full 15% or 20% if you are taking the food home to eat.

    One other option that you have opened to you is to split a meal with somebody. This is something that is going to be possible in many restaurants and in most instances the amount of food that you get is going to be adequate for two individuals. Be aware of any extra charges that are being put on the bill for a sharing fees, however, as it can end up costing you $10 per meal or more in some establishments. If a sharing fee is not on the menu, you can share at a savings.

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  5. After Bankruptcy Credit Repair!

    If you have a recently discharged bankruptcy, you are probably wondering what you need to do to get your life back on track. One of the key things you need to do is begin after bankruptcy credit repair. People tend to put this off, thinking they will just stay from credit for a while. While being careful with credit and not falling into old habits is a good idea, the reality is that you should begin credit restoration just as soon as you possibly can. Because bad credit is expensive and impacts more than just your ability to buy a new car! It can also prevent you from getting a job or even certain types of insurance. Let's take a look at how you can get started today!

    You may be surprised just how bad your credit report looks!

    Very often, people forget the critical first step to after bankruptcy credit repair. The first thing you need to do is get a copy of your credit report. This is a critical step that should not be forgotten. Why is it so important? Because chances are that one or more of your old creditors have not updated your account to show that it was included in your bankruptcy. Instead, they are reporting the account as being open and currently past due. This is a disaster when it comes to getting new credit because creditors will assume that the account was not included in your bankruptcy and that you have derogatory credit after the bankruptcy. It will cause your credit score to be lower. You will need to dispute each account that is not reporting correctly with the three credit bureaus. It's a good idea to include a copy of your bankruptcy discharge and schedule showing that the account was included with your dispute.

    Two easy ways to reestablish credit

    You may think that there is no point in trying to get credit right after your bankruptcy has been discharged. After all, who would lend to you?

    Secured Credit Cards

    The easiest way to start reestablishing credit is to get a secured credit card. You will need to place a small deposit with the credit card company and they will issue you a credit line in the amount of that deposit. Just make sure that you select a company that reports to all three credit bureaus!

    What you will do is go to your bank and open a Certificate of Deposit. Then, you will take out a loan that is secured by this CD. This is a great way to reestablish an installment credit history.

    Vincent Polisi is the founder of Credit Repair College. To learn more about credit cards after bankruptcy, please visit him on the web.

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