Archive for the ‘Credit Repair’ Category
April 29th, 2010 | 
Author: While there are easy ways to raise credit score, there is something else you should do first. Before you attempt to raise your credit score, it is important to know exactly what it is. You can get a free credit report from each of the three credit reporting agencies once each year. While this report won’t include your credit score, it will include the information that is used to determine what your credit score is. Be sure and check for any discrepancies and report them immediately. If you want to know what your FICO score is, you may have to pay for that but you can get it for as little as $5.
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Once you have a low credit score, it can take a while to repair your credit and raise your score. While there are many advertisements from companies that promise quick fixes, many of them are not legal and many of them promise results they simply cannot deliver. Instead of providing legitimate credit repair tips or advice, they take your money and provide nothing in return.
If you find that you are getting further and further behind on your bills every month, then credit debt consolidation may be for you. When you consolidate your bills, you pay just one payment each month instead of having to juggle bills you may not be able to pay. Collection calls will stop and your stress level will go down once you have a concrete plan in place to repay your debts.
Once a tax lien has been assessed, it can remain on your credit report for as long as fifteen years, which is longer than any other item in your credit file. This is true if the lien is not paid. However, even if you pay the tax lien, it can remain on your credit report for a full seven years after it has been paid. The more time that goes by after a tax lien has been paid, the less it will negatively affect your credit. Once seven years have passed after you pay the taxes, it will disappear completely from your credit report.
You may have asked this question if you have poor credit or a credit score that is lower than you would like it to be. The truth is, though, that you can indeed repair your credit on your own without paying anyone to do it for you. While there are countless advertisements promising that your credit can be fixed for a fee, the truth is that ultimately, you are the only one who can repair your credit.