Top 3 Tips to Keep your Creditors Happy-Even Without Paying

There is hardly a person who, at one time or another, hasn’t at least thought about not paying a credit card bill. Mortgages and other secured loans are tougher to not pay, as that particular creditor has the means to repossess what is technically theirs. What would credit card company do, come and get the purchase back? What if you went out to dinner on the card, how would they get restitution for then? Sometimes, the will is there to pay, but the means are unfortunately not.

How to Raise Your Credit Score in 5 Steps

It is a fact that there is nothing that a credit restoration company can do to raise your credit score that you can’t do. You can do all of it yourself; they have no special skills or secret “inside information” that can relieve your credit file of negative information that is true, no matter what they might tell you. It is illegal to remove late payments, collections, and other types of black marks from your credit if they are in fact, true.

Credit Counseling - The Risks and the Benefits

Credit counseling, in all of it’s forms, have been around for many years, but it’s been within the last 5 years that their popularity has gained momentum.  With new federal laws governing credit card accounts (in order to speed up the pay-off process by raising the minimum amount due), it’s sending a green light credit counseling services to get ready, for the masses will be pouring in. Minimum payments are expected to double.

Beware of the Scams! Fix your credit yourself

Before you read any further into this article, there is something that you need to realize about scams that claim to fix your credit reports and their accompanying scores:

NO ONE CAN REMOVE NEGATIVE INFORMATION IF IT IS TRUE!

Is Credit Repair a Reality?

Credit repair is a very real, lucrative business, but not in the terms that you might be associating it with. More often than not, an individual with legitimately bad credit (i.e. late payments, foreclosure, repossession) cannot do anything to repair their poor credit report and score. Only inaccuracies and errors may be removed.