Ok.
So you were behind on some bills and you're back on track now.
What do you do? Should you just wait until each negative item falls off in seven years OR should you take action and learn to fix your own credit? You should definitely fix it, but why should you fix it and can you fix it yourself? There are a few whys and here they are: 1 - Because poor credit costs you money.
You might be wondering, does the fact that I put that last sentence in all caps mean I'm yelling? You bet your bottom dollar it does! I'm yelling with excitement.
Good credit saves you money.
Think about it.
If you buy one of the American cars that offers a zero APR loan, then a $20,000 loan will run you $333.
33 monthly for five years.
Let's say you don't do anything to fix your credit.
Let's also say you have to take a 16% APR to get the same car.
That same car cost $486.
36 monthly or an EXTRA $9181.
87 over the life of the 5 year loan.
2 - The U.
S.
economy is going through something unique right now.
The credit markets are nearly locked up.
People and businesses with decent credit scores in the 650 range are finding it hard to get money without showing the bank that you don't really need the money anyway.
Stronger credit means buying power for the big stuff (hmm like cashing in on all the foreclosures we'll see in the coming years).
3 - Here is another why.
Why not do it yourself? It's actually pretty easy, especially with a plan.
You can easily get your hands on a down-loadable version of the plan that the credit repair companies use.
They use this plan to make millions of dollars.
You can get your hands on the same plan and save yourself some money.
Don't fret about taking a 16% car loan.
You won't have to when you fix your credit AND you won't spend a fortune having someone else do what you could have done anyway.
It really is easy if you have a plan or a guide that shows you exactly what to do to get your score in the 700 range asap.
So you were behind on some bills and you're back on track now.
What do you do? Should you just wait until each negative item falls off in seven years OR should you take action and learn to fix your own credit? You should definitely fix it, but why should you fix it and can you fix it yourself? There are a few whys and here they are: 1 - Because poor credit costs you money.
You might be wondering, does the fact that I put that last sentence in all caps mean I'm yelling? You bet your bottom dollar it does! I'm yelling with excitement.
Good credit saves you money.
Think about it.
If you buy one of the American cars that offers a zero APR loan, then a $20,000 loan will run you $333.
33 monthly for five years.
Let's say you don't do anything to fix your credit.
Let's also say you have to take a 16% APR to get the same car.
That same car cost $486.
36 monthly or an EXTRA $9181.
87 over the life of the 5 year loan.
2 - The U.
S.
economy is going through something unique right now.
The credit markets are nearly locked up.
People and businesses with decent credit scores in the 650 range are finding it hard to get money without showing the bank that you don't really need the money anyway.
Stronger credit means buying power for the big stuff (hmm like cashing in on all the foreclosures we'll see in the coming years).
3 - Here is another why.
Why not do it yourself? It's actually pretty easy, especially with a plan.
You can easily get your hands on a down-loadable version of the plan that the credit repair companies use.
They use this plan to make millions of dollars.
You can get your hands on the same plan and save yourself some money.
Don't fret about taking a 16% car loan.
You won't have to when you fix your credit AND you won't spend a fortune having someone else do what you could have done anyway.
It really is easy if you have a plan or a guide that shows you exactly what to do to get your score in the 700 range asap.
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