147 Elm Street Thomaston, CT
Approximately half the country just had their credit profile hacked.
What are you doing to protect yourself? At this seminar you will:
- Learn How To Repair, Manage & Increase Your Credit.
- Learn Simple DIY Steps and Know When To Hire Professionals.
- We will walk you through the steps recommended by the State of Connecticut Dept of Banking
- You’ve been hacked, what now?
Credit governs everyone’s lives. It is what allows people to buy a house, get a car, have a credit card and generally live a life they cannot really afford. Sadly, many people get into a debt spiral that soon goes out of control. They have trouble keeping their head above water, and soon they fall under as the weight of debt drags them down.
Thankfully, credit can be managed and all it takes is having the ability to change how one lives their life. By implementing the lessons explained in this Seminar, an individual will be able to take their credit and repair it.
147 Elm Street “The BIOS Center”
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How to repair your credit
Credit repair is neither impossible nor time consuming. You just need to follow a few simple steps to improve your credit condition and score after which you can become eligible for any type of loan and get the best terms of payment.
Step 1- Get a credit report done
How can you improve your credit situation without knowing what it is exactly? So the first step that you need to take is to go to an official credit bureau to get a free copy of your report. This can give you a clear idea as to the areas that you need to work on. You also require this report while applying for a loan.
Step 2- Check for errors
You need to read through the report carefully and check whether all the entries are accurate. If not, then you have the right to dispute the errors and get the problems fixed within a short time. Special attention should be given to derogatory marks because they influence your overall score in a major way. Once you report a mistake, the credit bureau is responsible for resolving the problem.
Step 3- Increase the limit of your credit card
A vital factor that affects your credit score is the ratio between credit available and credit used. If you increase the limit of your credit score then the amount of usage will be a small fraction of the total credit available. Maxing out cards hurts the credit score in a big way. You need to make sure that you pay your balances, increase your limit by requesting the bank and reduce your usage of the card for some time. All these actions can significantly improve your credit score.
Step 4- Clear high interest and new credit accounts
You need to prioritize your credit payments and pay off those credit accounts which charge a high interest rate. This way you can save some money that goes into paying the interest and redirect it to clear the new loans which you have just taken. Quick payment of new loans can reflect well on your credit score.
Step 5- Pay all bills within the due date
Not only credit bills but utility bills or mortgage payments can also play a very important role in improving your credit situation. You need to ensure that all your monthly bills are paid on time. Even a single late payment can impact your credit score negatively. If you do not have enough resources to pay every bill at the end of the month, you need to clear at least the bills for mortgage loans and utilities whose providers are likely to flag late payments.
These few simple measures can repair your credit and improve your credit score substantially in 2 to 3 months. Then you can apply for all types of loans and increase the chances of getting approval.