Credit Scores USA

Al & Bevo pic

"Here is a picture of me and my baby boy Bevo".  I adopted Bevo from a home that just could not care for him.  We've done our best to give him a good, loving home with his brother, Rizzo.  We'll get a picture of Rizzo on the blog in an upcoming post.

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Debt Consolidation, Debt Management, Credit Repair

When you find yourself in a situation where you need to make serious repair to your credit, a debt consolidation loan or a debt management program may be the way to go.  Credit repair isn’t easy and going it on your own can be difficult, although not impossible.  That’s where debt consolidation companies and debt management companies can be invaluable when it comes to credit repair.

A debt consolidation company can help you repair your credit by obtaining a lower-interest loan that will pay off your creditors and allow you to make just one payment to one company instead of several payments to several companies.  They can also contact your creditors to get a lower payoff amount so that the final amount of the debt consolidation loan you’ll need to repair your credit could be lower.  Credit Scores USA will help you negotiate a lower payoff on your collection accounts - and here's the key - IN EXCHANGE FOR A DELETION!  Some collection companies will delete and some are more stubborn and will not. 

A debt management company does much the same as a debt consolidation company when it comes to credit repair.  They also obtain a loan to help consolidate your debts, but they also provide counseling services that will help you manage your debt and get you well on your way towards repairing your credit.

When you are looking for a debt consolidation or debt management company to help you repair your credit, there are a lot of things you need to look for.  First, check out their references and make sure they are on the “up and up”.  Their reputation can say volumes about their true abilities to help you repair your credit.  Check with the Better Business Bureau and see if they are registered with them and if any complaints have been filed against them.  What methods of payment do they accept or require?  Can you use your debit or credit card?  Using a card can give you extra assurance as opposed to paying for the services by check.

Do extensive research when it comes to finding a debt consolidation or debt management company.  Credit repair is very important to you and your life.  Your credit score can mean the difference between getting a reliable vehicle or even owning your own home.  That’s where these companies can help as making repair to your credit can be an overwhelming procedure.

What a debt consolidation and debt management company will do is walk you through the credit repair process step by step and take some of the pressure off of you when it gets to be too much for you to handle.  They will charge a fee for their services, but it is usually quite reasonable, and they will often work with you to make that payment over a period of time if you are in severe financial trouble.

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Credit Repair

It is a reality that many people are faced with the difficult task of credit repair.  They may have found themselves overextended on their credit cards and have to repair some late payments and some bad decisions when it comes to credit history.  Credit repair isn’t as difficult as many people might think.  It takes time, but it can be done.

First, you need to obtain a copy of your credit report from either one or all three of the major credit reporting agencies.  The “big three” are Experian, Equifax, and TransUnion.  They can be found quite easily on the Internet and will provide you with a copy of your credit report.  Professional Credit Repair is available at Credit Scores USA.

The FACT Act that was passed by Congress back in 2001 allows all consumers one free copy of their credit report per year.  For this, you will need to go to either www.annualcreditreport.com or www.freecreditreport.com.  Sometimes one of the agencies will provide you with the one report for free, but you are best off to go to one of these websites.

However, if you are serious about credit repair, you will really need to obtain copies of all three credit reports.  Creditors are not required to report to any of the agencies, and often they will just report to one.  Having all three credit reports on hand will help you make repair to your credit more effectively and more thoroughly.

Once you have these reports in hand, go over them “with a fine tooth comb”.  Check for any errors such as accounts that have been paid off but are still appearing as delinquent or accounts that you never opened or used in the first place.  If you do find errors on your report, it is essential that you contact the credit bureau to make the correction if you want your credit repair efforts to be thorough.

After checking your credit report, the essential part of making repairs to your credit is to change the way you are using credit.  That includes making all payments on time and not using credit the way you used to.  While it’s true that it’s virtually impossible to go through life today without using credit, you can use it wisely and not end up in trouble down the line.

Making repair to your credit is not a difficult task, but it does take time and patience.  Truly what you need to do is simply take steps to evaluate your use of credit and then see where changes can be made.  Then not only will your credit be repaired, your credit score will raise as well.

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