I've got a problem that I need to share with you, I'm addicted to
credit, it's damaged my credit score. The good news for you is I've
come full circle now and I now know How To Repair Credit Report.
I want to share my secrets to getting a top credit report.
Unfortunately most people completely ignore the first tell-tale sign of credit addiction. It's like they don't want to believe that they have a problem. But you know what, I don't blame them. I used to just limp from one repayment to the next, this had to stop. Credit cards were the culprit.
Credit was first designed as a matter of convenience so you could make large purchases, and you did not have to carry a huge amount of cash on you. Now it's a modern day problem that edges into your life bit by bit.
The first sign is that you are carrying a balance, this may only be small but it's like the drinker who only has 2 or 3 drinks a day, or like a recreational drug user who then experiments with harder drugs. This is how all addictions start off, you need to nip it in the bud before your balance increases.
Banks don't help as they let you increase your credit limits, so you get into more debt.
The potential of a large credit debt makes lenders nervous. They hate to see you applying for a lot of credit. As it makes them think you're going to get in debt and the way over your head with debt. You will have a distinctive pattern that they will see. This is of opening new accounts. Or maybe it's applying for new accounts
The best way for this to be prevented is to get a debt card, you can still use it like a credit card - that is buy purchases over the internet and over the phone but you will not be spending money that you don't have, you will not be spending credit.
Have a lot of debt makes it really hard to get a big loan when you will need it for something really important like buying a house.
Not having a credit card also means that you are likely to miss payments when you have to pay back your monthly amount.
If you have to have a credit card then make sure you pay back your monthly spend and balance your credit card, set your credit limits low so you are not template to "just whack it on credit". Make sure you pay back your amounts well before the 30 day limit, Some banks will report your late payment even if you are only 25 days late. As their reporting schedule might only be after 25 days.
I really do hope this information gets your mind ticking over and gets you into action. I also hope it provides you with a few tips and some good advice on How To Repair Credit Report when obtaining your credit report.
I want to share my secrets to getting a top credit report.
Unfortunately most people completely ignore the first tell-tale sign of credit addiction. It's like they don't want to believe that they have a problem. But you know what, I don't blame them. I used to just limp from one repayment to the next, this had to stop. Credit cards were the culprit.
Credit was first designed as a matter of convenience so you could make large purchases, and you did not have to carry a huge amount of cash on you. Now it's a modern day problem that edges into your life bit by bit.
The first sign is that you are carrying a balance, this may only be small but it's like the drinker who only has 2 or 3 drinks a day, or like a recreational drug user who then experiments with harder drugs. This is how all addictions start off, you need to nip it in the bud before your balance increases.
Banks don't help as they let you increase your credit limits, so you get into more debt.
The potential of a large credit debt makes lenders nervous. They hate to see you applying for a lot of credit. As it makes them think you're going to get in debt and the way over your head with debt. You will have a distinctive pattern that they will see. This is of opening new accounts. Or maybe it's applying for new accounts
The best way for this to be prevented is to get a debt card, you can still use it like a credit card - that is buy purchases over the internet and over the phone but you will not be spending money that you don't have, you will not be spending credit.
Have a lot of debt makes it really hard to get a big loan when you will need it for something really important like buying a house.
Not having a credit card also means that you are likely to miss payments when you have to pay back your monthly amount.
If you have to have a credit card then make sure you pay back your monthly spend and balance your credit card, set your credit limits low so you are not template to "just whack it on credit". Make sure you pay back your amounts well before the 30 day limit, Some banks will report your late payment even if you are only 25 days late. As their reporting schedule might only be after 25 days.
I really do hope this information gets your mind ticking over and gets you into action. I also hope it provides you with a few tips and some good advice on How To Repair Credit Report when obtaining your credit report.
To get more advice and information on How To Repair Credit
Report, or Credit Score and Credit Reports click on http://www.credit-reporter.net
Written By: Justin Fox
Written By: Justin Fox
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