HOW TO FIX BAD CREDIT YOURSELF ! (A FRIENDLY FEDERATION SERVICE) www.friendly-federation.com/ )
How to fix bad credit yourself ? This is a question many of us have answered instead of having to get a lawyer (and pay money) or hire a credit repair service (and pay money) well it is much easier than you think. Once you fix your bad credit it becomes very easy to get money via a loan or credit cards the point is that it opens many credit and money doors for you. Here are some very simple things you can do yourself without spending money on lawyers or how to books.
1) challenge every bad debt you have on your credit report. Even if the debt really does belong to you the credit bureau is required to keep to documentation on that debt but the truth is that the credit bureau is so big and disorganized most of the time they misplace or just plain lose the documentation and once you challenge it the credit bureau most prove the debt is valid and you actually owe the money or loan within 30 days or they must take the bad credit entry off of your credit report period. That would make your credit score go up. To challenge a debt just go to http://www.transunion.com/ set up and account and the site will guide you on how to do it. Its free and once you fix it on Trans union the other 2 main credit bureaus will automatically change. Get a copy of your credit report to see whats on it. there are several sites you can get it for free *****
Click here: To get one.
2) Get yourself just one credit card or small loan of any kind that reports to the credit bureau. One you have one active account that you are paying on time your credit score will go up and it will open up more opportunities to get credit cards , a loan or money. Note: If you have active accounts that you are currently late on either catch them up or close them completely even if you owe a balance. A 30 day late entry on your credit report hurts your credit score, a 60 day late payment really hurts your credit score and a 90 day late payment just plain kills your credit score and will give you bad credit for a long time if the account is still active. (Remember if payment are late they wont affect your score till 30 days late)
3) Learn how to manage your credit cards to increase your credit score if you have some. when you do have credit cards any time your balance goes over 50% of your credit limit the positive effect it has on your credit is decreased even if you pay the credit cards on time. For example if your credit limit is $1000.00 dollars keep that cards balance below $500.00 dollars. Just showing you borrow less than half the money you are allowed to will increase your credit score. If you have several credit cards you can transfer some of the balance on one card to another card. Example: You have 3 credit cards all with a $1000.00 dollar limit and you balances are $600.00 on one $600.00 on the second one and $100.00 on the third one. buy transferring about $105.00 dollars out of the first two cards and adding it to the third card it would make all three of your balances below 50% ($500.00) and would increase your credit score.
4) On any type of loan you have just remember that according to the credit bureau it does not score a late payment until it is 30 days late so if you must be late that's OK cause it wont hurt your credit score until its a full 30 days late. So lets say you pay money on your car loan 28 days late every month for a whole year your credit report would still show you with a perfect payment record and no late's at all so its OK to be late just not 30 days late ever !
5) If you have any loans you paid off on time with a company that doesn't report to the credit bureau like a buy here pay here car lot just go to them and ask them for a statement showing all your payments for the past year then you can just mail that statement or record to the credit bureau and often they will post it. Any 12 month on time payment history on a money or item loan will increase your credit score
These are all things you can do yourself, do them and just continue paying money on any new accounts on time and your credit report and your credit score will look good in no time ! Even if your credit isn't good yet get yourself some credit protection.
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Go to : www.friendly-federation.com
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