Credit, a Financial Burden

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Credit, a Financial Burden

The truth, it is not okay. Having poor credit WILL ruin your future. Your credit has a large part of your life, it is how you are viewed and judged by others.

If you are trying to buy a home, refinance a home, apply for a credit card, cell phone, jobs. It is necessary to have good or okay credit. Did you know there are many many companies willing to assist you in rebuilding your credit? Did you know that working with many of these companies is going to be even worse of a financial burden, then you were having before. Having poor credit allows many companies to take advantage of the opportunity to tell you, they can help you.

A financial burden is spending money that is not needed. Buying a coffee a day is worth $730 in your pocket, that soda drink you purchase a day is worth another $730 a year. Buying lunch out even once a month could be worth $240 and that is for a $20 meal. What if spending money on these items helped rebuild your credit. What if you were to get a prepaid credit card, have a credit limit of $500 and only use this card to make these purchases? Pay it off in the same day or week? That would mean for 1 full year, you have not only paid your owing amount on this credit card, now, you have rebuilt your credit in only one year and not paid 1 cent to interest or a company.

This option will save your credit, and help you learn to manage your financial situations.

All you really have to think with each prepaid credit card purchase, I can get a house in a year. Many Poor Credit Credit Cards are also available to anyone with poor credit.

Credit Card Forum – Get Your Answers About Credit Cards before applying for them.

There is nothing a credit repair agency can do to repair your credit, that you can’t do yourself.

A few basic steps to repairing your credit:

* 1. Order a of your credit report. You can obtain a copy of your credit report, by contacting the three major credit bureaus:

Experian Credit Information

P.O. Box 9532

Allen, TX 75013

1-888 397 3742

http://www.experian.com

Equifax Credit Information Services, Inc

P.O. Box 740241

Atlanta, GA 30374

1-800-685-1111

http://www.equifax.com

TransUnion

P.O. Box 2000

Chester, PA 19022

1-800-916-8800

http://www.transunion.com

* 2. Check your credit report for inaccurate information; such as: Collections or debts which have been paid and never updated.

* 3. Avoid more debt. Your debt should not exceed 45% of your income.

Repairing your credit will take time and effort. Rebuild your credit, and own a home, car, cell phone, or any other item revolving around credit.

Source by James Cordeiro

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