Solving Your Credit Problems

If you are having problems paying your bills, contact your creditors immediately. Here are some additional tips for solving your credit problems.

Your credit report can influence your purchasing power, as well as your opportunity to get a job, rent or buy an apartment or a house, and buy insurance. When negative information in your report is accurate, only the passage of time can assure its removal. A credit reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or …

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Credit Repair: How To Help Yourself

You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering credit repair services. They all make the same claims:

“Credit problems? No problem!”

“We can remove bankruptcies, judgments, liens, bad loans from your credit file forever!”

“We can erase your bad credit 100% guaranteed.”

“Create a new credit identity —legally.”

The Federal Trade Commision (FTC) says do your yourself …

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