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Credit Card Consolidation
It is not uncommon for families or individuals to find themselves in the midst of credit card debt. Many people wonder if credit card debt consolidation is for them. What is involved in this process? Basically, a credit card balance transfer takes place ...
Going Mobile (Part 2): How to Get In on the Wireless Revolution -- Without Credit Checks or 2-Year Commitments
This article may be used freely on your website as long asit remains intact, including author byline and resourcebox and links. We would appreciate it if you would notifyus when it is used: Going Mobile (Part 2): How to Get In on the Wireless Revolution ...
Paying Off Your Credit Cards: A Get Out of Debt Plan
Getting out of debt requires more than just simple willpower. Most people will need to go a step further: coming up with a plan to make sure that they will be able to permanently retire their debts. First and foremost, you need to prioritize your debts. ...
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I came across this question as I was surfing discussion groups the other day. Check out my answer:
Dear Friend,
Here are 3 steps I used to take my credit score from 592 (horrible credit) to 762 (perfect credit) almost overnight. If you’re interested in improving your credit rating quickly, you’ll find this story helpful:
In 1995 I made a decision that would ruin my perfect credit history. I quit my salary job to become an insurance salesman. The job paid commission only. Within a few months I lost everything – house, car, credit rating and my self respect.
By the end of 1996 I was living with my mom, all my credit accounts were severely past due, and I was paying 22% interest on a broke-down green Geo Storm…I was a real loser.
Then, in 1997, I became a banker. I didn’t know it at the time, but this would turn out to be the break I needed to eliminate my credit problems forever.
During my seven years as a banker, I came across several legal and highly effective ways to improve my credit rating. As a result, I was able to increase my credit scores by an average of 170 points.
Here’s what I did:
Step #1:
After spending hundreds of dollars on credit repair services that didn’t work, I found out how to get negative accounts removed on my own.
Basically, I wrote letters to the collection agencies
requesting proof that the accounts were mine. 89% of the time they had no proof that the bad accounts belonged to me. So I was able to get them deleted from my credit file.
Step #2:
I opened new accounts with high credit limits and kept the balances low.
I discovered that if you keep your available credit limits high and only use 10% to 30% of the credit you have available, your credit score will improve dramatically.
Step #3:
Next, I added accounts with years of perfect payment history to my credit file. This step took my credit score from 647 to 762.
While you can certainly add seasoned accounts to your credit file for free, there are companies that claim they can do it for a fee.
The problem is, they charge between $2,000 and $2,500 per account. If you want a 700+ credit score you’ll need 3 to 4 of these accounts. That equates to a cost of $6,000 to $10,000.
(You can conduct a search on your favorite search engine for companies that offer this service.)
While there are several highly effective steps you can take to increase your credit scores by as much as 200 points, these are the main ones…And here’s the good news: Each step can be completed in less than 30 days.
About the Author
By Hartley W. Pinn, Jr, CEO, AtBalanceCreditRepair.com
Revealing the insider credit secrets you can use to increase your credit scores by up to 200 Points.
For more information please visit:
www.AtBalanceCreditRepair.com/credit/8
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