Cleaning up your credit history may feel a bit overwhelming but that is exactly what the credit companies want you to feel. You should know that you are far from alone and that millions of Americans are in the same boat as yourself. There is good news however, and that is that you can fix your problems on your own free of charge. By following the three steps below you will be on the road to recovery in no time.
1.) Know what your balances are: Take all of your credit bills and put them in an order of highest balance on the bottom to smallest balance on the top.
2.) Start low: Begin with the lowest balance first. Do not simply pay the minimum on this one or you will get nowhere fast. You need to make payments larger than the minimum balance to get it paid off. Also by increasing the payment amounts you will save on any interest payments, which is another secret the credit companies don't want you to know. Once you have paid off this card move on to the next card.
3.) Follow up: After clearing the balances on your debts you will want to follow up with the three different credit bureaus to be sure they remove all paid items that still show as outstanding. Keep an eye on your credit reports after you are caught up to check for any errors, cleaning those up fast will also help your credit in the long run.
Once you are armed with all the information needed to repair your credit you are ready to go. Do not let the credit companies intimidate you now or in the future. Having control over your financial future is a wonderful goal to work towards and by knowing what you owe and by paying off the bills from lowest to highest will get you there the quickest. Do not forget to follow up though sometimes you have to specifically ask for items to be removed and you will need to be able to prove it so be sure to keep ALL of your records and receipts.
1.) Know what your balances are: Take all of your credit bills and put them in an order of highest balance on the bottom to smallest balance on the top.
2.) Start low: Begin with the lowest balance first. Do not simply pay the minimum on this one or you will get nowhere fast. You need to make payments larger than the minimum balance to get it paid off. Also by increasing the payment amounts you will save on any interest payments, which is another secret the credit companies don't want you to know. Once you have paid off this card move on to the next card.
3.) Follow up: After clearing the balances on your debts you will want to follow up with the three different credit bureaus to be sure they remove all paid items that still show as outstanding. Keep an eye on your credit reports after you are caught up to check for any errors, cleaning those up fast will also help your credit in the long run.
Once you are armed with all the information needed to repair your credit you are ready to go. Do not let the credit companies intimidate you now or in the future. Having control over your financial future is a wonderful goal to work towards and by knowing what you owe and by paying off the bills from lowest to highest will get you there the quickest. Do not forget to follow up though sometimes you have to specifically ask for items to be removed and you will need to be able to prove it so be sure to keep ALL of your records and receipts.
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