Do you have bad credit? Is your credit so poor, no lender will give you a second glance? Are you attempting to repair your bad credit, but don’t know where to start? Are you tempted to call one of those 800 numbers on TV, in hopes of getting a quick fix?
The repair of poor credit doesn’t happen overnight. It probably took you awhile to get go far into debt, you don’t see a way out, therefore, taking the steps to improve your credit, will also take time. Short of winning the lottery, there is no easy fix.
Yesterday I wrote an article about where you can obtain the official free annual credit reports (see Free Annual Credit Report). These are the credit reports which are available to you, based on federal law.
While reading the website of Annual Credit Report.com, I came across a fantastic article, about repairing bad credit (It was in the Frequently Asked Questions section). It’s published by the Federal government, and is filled with tons of valuable information. To quote part of the article,
* “Credit problems? No problem!”
* “We can erase your bad credit — 100% guaranteed.”
* “Create a new credit identity — legally.”
* “We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”
Do yourself a favor and save some money, too. Don’t believe these statements. Only time, a conscious effort, and a personal debt repayment plan will improve your credit report.
This brochure explains how you can improve your creditworthiness and gives legitimate resources for low or no-cost help.
Following is the link to the governmental brochure. It’s a great article to read, bookmark, and/or print. This should answer lots of your questions, and get you started on the road to better credit. FTC Publication on Credit Repair