Bad Credit Repair
Is Bad Credit Repair Possible?
Yes! Always keep in mind that there are steps you can take to repair bad credit. Regardless of how hopeless your financial situation seems, you can begin to make it better. First, examine how you lost control of your finances.
Was it through no fault of yours? Did you, for instance, lose your job, or have a serious accident that prevented you from working? Has your spouse gone on a spending spree with the credit cards after a divorce?
Steps to Take
If necessary, get legal advice about your situation. Low-cost advice is available; contact your county American Bar Association for referrals. Are you eligible for Workers' Compensation? Settle the legal and insurance issues, then start on bad credit repair.
Once you have things rolling in the legal and insurance fields, you can turn your attention to bad credit repair. Experts agree that one of the first steps to take is to cut up your credit cards. Next, get copies of your credit reports from the major credit bureaus. This is an essential step in bad credit repair. Third, correct any inaccuracies in these reports. Fourth, obtain a secured credit card, or pre-paid card, charge a small amount and pay off the balance in full every month.
