Credit Repair 101: Keep Your Pennies and Other Coins
It’s awesome how much money we carry around as loose change in our pockets, and it’s money we often don’t think of as money.
Half of the time it gets spent on a candy bar because we’re deadly bored rather than anything one needs.
You can turn it into an asset by dumping your change into a jar every night once you get home.
You will find the different and it’s impressive how fast it will add up, and that’s money that can be used for emergencies, or to pay down a debt that suddenly sprunged to the top of the pile.
So let’s start saving it. 
Categories: Credit Tags: credit repair 101, saving tips
Credit Repair 101: Prepare A Budget
Make a budget because budgeting is an important part of controlling the flow of your money. Budgeting helps you see the whole picture and gives you a plan with defined steps to focus on. It moves the what of reducing your debt and improving your credit into a plan of attack. Budgeting is the how of debt reduction, it’s where you write down the plan you’re going to follow to get your finances under control. You have to start somewhere, and budgeting is a good place to start. At least you have a plan.
Categories: Credit Tags: credit repair 101
Credit Repair 101: Always Pay Something
Having a credit burden, definitely you can’t pay all of your bills at one time. The advise is, always make a payment of some kind on each bill. Always pay even it is a small amount. This not only shows your good faith to the creditor by proving that you are not ignoring the debt, but it also reduces the amount you’ll have to pay when the next bill comes due. If one month is hard to pay now, two months will be harder to pay in future. Making partial payments helps reduce the effect of late payments piling up on each other.
Categories: Credit Tags: credit repair 101
Bills Are Paid, Ensure Creditors Notify the Agencies
This is also important in credit management. Please ensure your creditors notify credit agencies when bills are paid.
If you do have unpaid bills, it’s important not only to pay them but also to make sure those payments are reported to the credit agencies, otherwise those payments won’t help repair your credit.
Talk to the creditor about this, and if necessary don’t hesitate to follow up with the credit reporting agency yourself.
Categories: Credit Tags: credit repair, credit repair 101
Pay Bills When You Have Money
Straight to the point, just pay your bills when you have the money. Do not wait until the due dates.
A lot of people think the due date on a bill is the day you are supposed to pay it, not the day by which the creditor wants to have received the money.
Paying bills as soon as you get paid removes the temptation to take some of the money back to spend on something else. Once it’s gone, so is the temptation to take the money and spend it elsewhere.
Cheers!
Categories: Credit Tags: credit management, credit repair 101
Credit Repair 101: Pay Creditors Who Report to Agencies First
Some creditors report every payment you make to credit reporting agencies , while others report information only if they send your outstanding balance to third party collection agency. If you want to delay one of your bills through the maturity date, it is always better for your credit score (all things being equal) if you pay a regular report that will have the greatest impact on your credit score.
Categories: Credit Tags: bad credit, credit repair, credit repair 101