July 22nd, 2013 Published by: marcocarbajo

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Credit Repair Help: HowTo Repair Your Credit

Need credit repair help? Discover how you can rebuildyour good credit standing in three easy steps. A highercredit score can provide you with better rates onmortgages, auto loans, credit cards, insurance premiumsand even positive results for employment, business andcareer opportunities.

Credit Repair Help: How toRepair, Rebuild And RestoreCredit

Bad credit can cripple your chances for getting financing,insurance, housing and even employment. It can also affecthow much you’ll pay on interest, insurance and even cell phonecontracts.

So what can you do to recover and restore your good creditratings?

If you’re suffering from bad credit reports don’t worry becausethere is hope and a way for you to rebuild your good creditstanding. It’s important to realize that rebuilding a bad creditreport is possible but it does take time and it’s not an overnightfix.

When it comes to credit repair the goal is for you to establisha minimum of three positive accounts reporting on yourcredit reports as soon as possible. Once you obtain these newcredit accounts it’s critical that you actively use them. Withoutcontinual use of your credit, eventually your credit reportswon’t even generate credit scores.

Take the following three steps to get your credit reports backon track.

Step 1 Work on Repairing Your Credit Reports

According to the Fair Credit Reporting Act (FCRA) you as aconsumer have every right to verify the accuracy of your creditreports. Whether you choose the “Do-It-Yourself” approach or

hire a reputable credit repair serviceyou should take all thenecessary steps to repair your credit.

Step 2 Apply for New Credit Cards

At this time you may not be able to qualify for an unsecuredcredit card and the last thing you want is to get turned downmultiple times resulting in excessive inquiries. It’s always bestto start with a reputable secured credit card issuer that reportsto all three major credit agencies.

Since you need at least three active accounts you may want toconsider opening two secured credit cards if you have no otheropen accounts that are active.

Step 3 Open a Personal Line of Credit

In an effort to sell more products some companies offerpotential customers a personal line of credit to their stores.One company offers a credit limit that starts at $500-$1500and best of all it reports to Equifax. This online store has over athousand premium brand name items for you to purchase andup to a 25% discount off the manufacturer’s suggested retailprice.

You can purchase electronics, jewelry, cookware, bedding,pet products, tools, home/office products, luggage and muchmore.

You can purchase products outright or use your credit line andmake payments over time. If you decide to carry a balance thenyour minimum monthly payment will be 20% of the accountbalance or $20 whichever is greater.

Best of all there is no interest for 6 months! If you continueto maintain a balance after that period then there is a 17.99%APR.

Other fees associated with this account include:

• Account Maintenance Fee: $20 monthly

• Late Fee: Maximum allowable in your state

• Returned Check Fee (NSF): $30

You will be invoiced once per month 10 days prior to your duedate. They don’t send paper statements so be sure to checkyour email that you used to apply for a personal line of credit.You can also check your account statement and balance bylogging on to your account online.

For maximum impact to your scores each new account youestablish should reflect the following:

• Active and consistent credit activity

• Positive payment history

July 22nd, 2013 Published by: marcocarbajo

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• Debt to credit limit ratio not to exceed 30%

• High available credit limits

You can restore your good credit standing by taking proactivesteps like these. Don’t let bad credit hold you back. Startrepairing your credit today!

Ready to repair, restore and reclaim your excellent creditscores? Submit your name and email below to receive myFREE course ’7 Steps To Superior Credit’ ($497 value) =>

http://RepairMyCreditCourse.comAbout the author

Marco Carbajo is a business credit expert, author, speaker,and founder of the Business Credit Insiders Circle. He is abusiness credit blogger for Dun and Bradstreet CredibilityCorp, the SBA.gov Community, and All Business.com. Hisarticles and blog; Business Credit Blogger.com, have beenfeatured in American Express Small Business, Business Week,The Washington Post, The San Francisco Tribune, ScotsmanGuide, Alltop, Entrepreneur Connect, and Active Rain.