With credit consolidation, you take out a new loan and use it to pay off smaller loans. Because you now only have one loan, you have one monthly payment. However, taking out a big loan can be tricky. If your credit score is not high, you may not qualify for a consolidation loan. If you do qualify, you may not qualify for competitive interest rates. Additionally, whenever you take out a new loan, there are loan origination fees which can run into the thousands. Finally, if you are able to secure a debt consolidation loan with a low monthly payment, it may be at the expense of the repayment period: you may be paying the loan for a decade or longer.
Veteran journalist/blogger Tom Jackson has worked for newspapers in Washington D.C., Sacramento, Calif., and Tampa, Fla., racking up state and national awards for writing, editing and design along the way. Tom also has been published in assorted sports magazines, and his work has been included in several annual “Best Sports Stories” collections. Most recently, his blogging for various websites on the 2016 election won a pair of top honors from the Florida Press Club. A University of Florida alumnus, St. Louis Cardinals fan and eager-if-haphazard golfer, Tom splits time between Tampa and Cashiers, N.C., with his wife of 40 years, college-age son, and Spencer, a yappy Shetland sheepdog.
Consolidating credit card debt allows you to develop an effective repayment strategy so you can get out of debt faster. At the same time, you minimize interest charges, which reduces your total cost and can lower your monthly payments. But debt consolidation is not a silver bullet. It won’t work in every situation and if it’s used incorrectly, it can actually make a bad situation worse.
The Discover it® Student Cash Back is our top pick for a student card since it has a wide range of benefits. There is a cashback program where you can earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com or wholesale clubs up to the quarterly maximum each time you activate, plus 1% unlimited cash back automatically on all other purchases. Plus, new cardmembers can benefit from Discover automatically matching all the cash back you earn at the end of your first year. Another unique perk is the good Grades Reward: Receive a $20 statement credit each school year that your GPA is 3.0 or higher, for up to five consecutive years.
If you are facing financial difficulties, it's always best to contact your lenders, creditors or service providers (such as your utility company or physicians) as soon as possible. Collection agencies and legal fees cost lenders a lot of money, so they are often open to negotiations, which are free. Call, email or write to explain your financial situation (for example, if you have experienced a job loss or unexpected set of expenses due to medical emergency). Discuss a new payment plan and make a good faith payment. At the least, you might be allowed to skip a payment without penalty or lower your minimum payments.
If so, you've come to the right place. We know how challenging it is to resolve today's credit issues, therefore our goal is to ensure satisfaction of every client by being superior in the field of credit repair. Easy Solutions has a proven track record, with a strong portfolio of satisfied clients, and was voted Best Credit Repair Services in Brownsville and McAllen, Texas. Become our next success story. Sign up today!
Step 1: Tell the credit reporting company, in writing, what information you think is inaccurate. Use our sample letter to help write your own. Include copies (NOT originals) of any documents that support your position. In addition to including your complete name and address, your letter should identify each item in your report that you dispute; state the facts and the reasons you dispute the information, and ask that it be removed or corrected. You may want to enclose a copy of your report, and circle the items in question. Send your letter by certified mail, “return receipt requested,” so you can document that the credit reporting company got it. Keep copies of your dispute letter and enclosures.

A credit card could very well be the source of your credit-score sorrow. But it’s also your score’s best chance at recovery. You can’t remove negative records that are accurate from your credit reports. So the best you can hope for is to devalue them with a steady flow of positive information. And credit cards are perfect for the job because anyone can get them, they can be free to use, and they don’t force you to go into debt. Plus, they report information to the major credit bureaus on a monthly basis.
* Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% higher. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
Exactly like that pie that had all of the kids begging for a slice while it was cooking – it’s only done WHEN it’s done. Bad credit is very similar to that pie; both have a distinct smell inciting a call to action. Biting into a piping hot pie and jumping into a high cost, upfront credit repair plan are absolutely on every top ten list of “things that can burn.”  Some things take the time to bake and then cool while others require a history of doing the right things over a period for the maximum results. Fast credit repair is without question the “drive-thru” of consumer credit restoration – nobody ever knows what’s in the bag until it’s too late.  There is no way to “un-bite” into a sandwich that has the wrong dressing or contains items that may cause an allergic reaction. Millions of consumers who bought into the concept of flash credit fixing may not be experiencing rashes or physical side effects, but every time they check their credit score they wish they could have spit out that decision.

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Isolating your financial needs on different credit-card accounts will help you get the best possible terms on every transaction that you make. For example, you could get the best cash-back credit card for everyday expenses, the best travel rewards card for airfare and hotel reservations, and the best balance-transfer card for reducing the cost of your existing debt.
Creditsweeps are done by companies or individuals who want hundreds to thousands of dollars upfront directly deposited in their bank account. (which is 100% illegal and against the credit services organizations act) Once they get you to pay they have you give them a power of attorney. they then use that power of attorney to file a FAKE police report saying your identity was stolen. In a very few cases this will work “permanently”. These are cases where its hard to determine there was a legitimate account. (ie. identity thieves don’t make payments on your accounts for months or years and then stop paying. Real identity theft involves someone getting a credit card, maxing it out and NEVER making a payment. If you have ever made a payment on your credit cards the creditsweep won’t work. What you are likely to see is 1 credit bureau remove all the items and then over a 4-5 month time period all the items come back one by one. (the other bureaus are notified but put off removing items until after the 1st bureau reviews it.
This is a basic balance transfer deal with an above average term. If you don’t have credit card balances with Discover, it’s a good option to free up your accounts with other banks. With this card, you also have the ability to earn cash back, and there is no late fee for your first missed payment and no penalty APR. Hopefully you will not need to take advantage of these features, but they are nice to have.
“Credit repair leverages your legal right to three standards: Credit reports must be 100% accurate, entirely fair, and fully substantiated,” Padawer said. “Too many lesser credit repair companies skip over those last two standards — which involve communicating with your creditors — in favor of depending upon simple credit bureau disputes by themselves.”
If you recognize the account but believe the information being reported is not correct, you should reach out directly to the financial institution that reported the information. For example, if you recognize the credit card, but do not recognize the late payment - speak with the credit card company. Often the bank or credit card company can fix the issue and update the credit bureaus directly.

With credit consolidation, you take out a new loan and use it to pay off smaller loans. Because you now only have one loan, you have one monthly payment. However, taking out a big loan can be tricky. If your credit score is not high, you may not qualify for a consolidation loan. If you do qualify, you may not qualify for competitive interest rates. Additionally, whenever you take out a new loan, there are loan origination fees which can run into the thousands. Finally, if you are able to secure a debt consolidation loan with a low monthly payment, it may be at the expense of the repayment period: you may be paying the loan for a decade or longer.


Before we jump into specifically learn how to repair credit fast, the last area that we would like to discuss is the importance of your credit report for fast credit repair. As you will learn in the following section, your credit report plays a major role in your credit score. The stronger your credit report is, the higher your credit score will be. In many cases, people notice fast credit repair simply by taking the time to learn about their credit report and fixing any mistakes that they may find. With that being said, we would like to say that, the first step of fast credit repair always begins with your credit report. Reason being, given the way the credit system works today, many lenders are beginning to look deeper into one’s credit report, deeming it more valuable than 3 simple numbers. Consider this, your credit report includes some of the most pertinent information regarding your financial history, including:
As we discussed earlier, a major mistake that many people make when trying to repair credit fast is canceling matured credit lines, thinking it will help with fast credit repair. This is extremely counterproductive, and it can decrease your credit score. Look at the five factors one more time: how much does credit history mean? Consider that before you are quick to closing any aged credit line.
Can you give me advice? I would like to buy a house the beginning of 2019. I got my chp 7 bk discharged in 2016. I only have a credit card and my car loan both have not had any late payment on. How do I boost my credit? Right now I am currently at 479, and I know I need to have at least 580 to qualify for some home loans. What can I do to achieve my goal of boosting my credit score?
All U.S. consumers are entitled to see their credit reports. Typically, copies are requested from the “big three” credit reporting agencies (Equifax, TransUnion and Experian). After obtaining a copy, it’s best to review the report. If you need to raise your credit score in 30 days, note any and all errors in the report. If errors are discovered, work to get them corrected as quickly as possible. A creditor may have erroneously reported late payments, or there may be outdated information on the report, like a defaulted loan that has since been paid in full.*
Personal loans charge simple interest (as opposed to credit cards, which often have variable rates and sometimes have different rates for a credit card balance transfer and purchases on the same card) and they typically have a loan repayment term of three to five years. By consolidating your credit card debt into a personal loan, you’ll have a definite plan for paying off your old card debt.
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On your journey to repair credit fast, we would like to interject and recommend that you take your time. When you rush or try to expedite credit repair, it opens the doors to errors and mistakes. Now that you have all the basic principles and the best tips on how to repair credit fast, take advantage of this material. Begin implementing new ideas and tactics and see how your credit responds. Be sure to visit other pages on our website so you can learn the very best information and stay up-to-date with Fast Credit Repair.
It's tempting, isn't it? Getting rid of all of your credit card bills, no more annoying multiple payment to multiple creditors, just one, automatic loan payment every month that comes out of your account automatically and you're back on the road to being debt free, right? Well sure—but it comes with a couple of pretty big caveats that might sour the milk for you. Let's explain, and then you can decide whether it's a good idea in your case.
The Target REDcard™ Credit Card offers great perks that are sure to please frequent Target shoppers. You receive 5% off every eligible transaction made at Target and Target.com. The discount automatically comes off your purchase — no redemption needed. Other benefits include free shipping on most items, early access to sales and exclusive extras like special items, offers, and 10% off coupon as a gift on your REDcard anniversary each year.* Recently, cardholders received early access to Black Friday deals. Reminder: This card can only be used at Target and on Target.com.

Personal Loans: With the rise of marketplace lenders, obtaining a personal loan with a low interest rate has become increasingly easy. Most lenders will allow you to shop for an interest rate without hurting your credit score. You should shop around for the best rate online at websites like MagnifyMoney or NerdWallet, where you can find variable interest rates as low as 4.74%.


You need to work to get credit card utilization down below 30% (below 10% would be even better). But high utilization alone should not have brought your score down quite so low. Here’s how to get your free credit score along with a personalized plan for improving it. Because the scores come from information in your credit reports, you should also check those for errors and dispute any information that is inaccurate. Here’s how to get your free annual credit reports.


Harzog was a successful freelance journalist for over 20 years, writing for major national magazines and custom publications. She became so entrenched in the credit industry, that in 2008, she was approached by CardRatings.com to be a credit card spokesperson for their site. In 2010, Harzog then went on to become the credit card expert for Credit.com.

A low credit score can affect almost every aspect of your life, and if you've realized that your negative credit is holding you back, you probably would like to do something to change that... and the sooner the better. You'll find plenty of companies that claim they can repair your credit overnight, or guarantee that they can remove any negative item from your credit report, whether accurate or not. If this sounds too good to be true, that's because it is. The truth is that there's no such thing as a quick credit fix.


Your credit score (often referred to as your FICO score) provides a snapshot of your credit status. It's determined by a variety of factors, and obviously, you need to understand the components that affect your credit score before you can start to repair it. Although the exact formula used by the Fair Isaac Corporation, which compiles the score, is proprietary and not publicly disclosed, here's basically what it looks at, and how each factor is weighed:
Focus on paying off your smallest debts first, suggests Kalen Omo, a financial coach in Tucson, Arizona, and owner of Kalen Omo Financial Coaching. This repayment strategy is known as the "debt snowball" method. "You list your debts from smallest to largest, paying minimums on everything except the smallest, and attacking that small debt with a vengeance. The goal is to get small wins along the way to motivate and give you hope to tackle the next one and the next one and so on. Once the smallest one is paid off, you take that payment to the next smallest debt, and the process acts like a snowball on the top of a hill. It picks up more snow as it goes downhill," Omo says.
However, each model weights the information differently. This means that a FICO® Score cannot be compared directly to a VantageScore® or an Equifax Risk Score. For example, a VantageScore® does not count paid items in collections against you. However, a FICO® Score counts all collections items against you, even if you’ve paid them. Additionally, the VantageScore® counts outstanding debt against you, but the FICO® Score only considers how much credit card debt you have relative to your available credit.
What is it? Balance transfers are when you transfer debt from a current credit card to a new card, ideally one with a 0% intro APR period. The intro period is for a set amount of time that can range from 6-21 months. Many cards offer 0% intro APR balance transfer offers in order to convince credit card users to give them their business. It’s a win-win situation for the lender and the borrower.
I have two credit cards, one from a credit union with just over 10% interest and one from Chase with 9.99% interest. I just asked the credit union to increase my credit line to $20k so I can consolidate the two, as I thought it’d be best to keep my credit union account. I have a credit card through Wells Fargo that has an $18k limit, but it’s zero’d out and I don’t use it. Will this hurt my credit score? It’s in the mid-700’s.
Get the advice of a nonprofit credit counselor before consolidating your credit card debt. Credit counseling offers free debt help and the expert advice could save you time and money. You may find out that your debts are indeed overwhelming and bankruptcy is best your option, or that your debts are judgment proof and thus you have nothing to lose by defaulting.
Unlike other types of credit, even people with deep subprime credit scores usually qualify to open a secured credit card. However, credit card use among people with poor credit scores is still near an all-time low. In the last decade, credit card use among deep subprime borrowers fell 16.7%. Today, just over 50% of deep subprime borrowers have credit card accounts.30
You have no real property and want to discharge your debts. While Chapter 13 bankruptcy requires you to reorganize your debts and pay them off, Chapter 7 bankruptcy allows you to discharge debts completely. For that reason, bankruptcy attorney Barry J. Roy of Rabinowitz, Lubetkin & Tully LLC in Livingston, N.J., said Chapter 7 makes sense when you don’t have many assets but desire to discharge your unsecured debts.
Are you the type of credit-holder who likes to open multiple credit lines at the same time, like store credit cards during the holiday season? This type of financial behavior will impact the fourth factor used to calculate your credit score: new credit lines. With this category, it’s not so much about opening many new credit lines, it’s about how many new credit lines you are opening. In other words, you do NOT want to open 3 to 4 new credit cards at the same time – this will be counter productive to your credit score.
You'll probably have a limited amount of money to put toward credit repair each month. So, you'll have to prioritize where you spend your money. Focus first on accounts that are in danger of becoming past due. Get as many of these accounts current as possible, preferably all of them. Then, work on bringing down your credit card balances. Third are those accounts that have already been charged-off or sent to a collection agency.
When you find yourself with damaged credit, it’s important to catch your breath and begin laying the foundation for a brighter financial future. Testing your financial literacy and educating yourself are part of that. But the centerpiece of this effort should be your emergency fund. With money saved for a rainy day, you’ll be far less likely to miss payments and damage your credit if met by hefty emergency expenses.

According to Kim Cole, community engagement manager at credit counseling agency Navicore Solutions, bankruptcy can make sense when life circumstances cause people’s finances to spiral out of control. Very often, she said, her company works with consumers who have racked up insurmountable amounts of medical debt that they couldn’t pay off if they tried. Other times, bankruptcy is the result of job loss or another unintended loss of income.

If you are facing financial difficulties, it's always best to contact your lenders, creditors or service providers (such as your utility company or physicians) as soon as possible. Collection agencies and legal fees cost lenders a lot of money, so they are often open to negotiations, which are free. Call, email or write to explain your financial situation (for example, if you have experienced a job loss or unexpected set of expenses due to medical emergency). Discuss a new payment plan and make a good faith payment. At the least, you might be allowed to skip a payment without penalty or lower your minimum payments.
All very good information.... but I am not sure that getting a credit offer with a pre approval doesn't recheck your credit when you actually apply. Every credit card I signed up for did a credit inquiry.... however.... I really like your advice about adding your daughter to your accounts... this doesnt put a hard inquiry on her credit report and it makes it look like the card is hers. She doesn't even have to use it but it will make her score jump. Great advice

As we discussed earlier, a major mistake that many people make when trying to repair credit fast is canceling matured credit lines, thinking it will help with fast credit repair. This is extremely counterproductive, and it can decrease your credit score. Look at the five factors one more time: how much does credit history mean? Consider that before you are quick to closing any aged credit line.


Checking your credit report on a periodic basis, at least annually, is a good way to catch any instances where you might be the target of identity theft – or the credit bureau has accidentally mixed up your history with someone of a similar (it happens more than you'd think). If you are concerned about others accessing your credit report without your permission, you can freeze it, which will limit who can access the information and under what circumstances. If you think you are a victim of identity theft, contact your local law enforcement authority immediately.
Several years have passed since technology started to fly by at what seemed like the speed of light and the demand for products and services began to change and adapt to meet the latest consumer pace. Services that previously took weeks were forced to move into days, soon followed by the same day and ultimately “within hours” or even “instant.”  Fast became the motto from the drive-thru windows for food, banking and almost anything and everything and “do it yourself” and “easy assembly in minutes” began to thrive.
Your goal with a balance transfer should be to get out of debt. If you start spending on the credit card, there is a real risk that you will end up in more debt. Additionally, you could end up being charged interest on your purchase balances. If your credit card has a 0% balance transfer rate but does not have a 0% promotional rate on purchases, you would end up being charged interest on your purchases right away, until your entire balance (including the balance transfer) is paid in full. In other words, you lose the grace period on your purchases so long as you have a balance transfer in place.

How it works: You can add your teen as an authorized user to your account by logging in to your online account or calling the number on the back of your card. The information required typically includes their name, birthday and SSN. After adding your teen as an authorized user, they will receive their own card that is linked to your account. They can use their card to make purchases just like you would.
I came across Brandon's credit repair Video on you tube, and by far was the best and most inspirational one that I've came across. I purchased his Ebook, and was very easy to understand and follow. I submitted a total of 6 letters, 3 for me and 3 for my boyfriend. It's been a little over a month and we have both seen a difference in our credit score. His more then mine, and we are both going to send round 2 letters in a couple of days. His score went up 95 points with the 1st round of letters. We are so happy! And to make things even better, every time I had a question I would just email Brandon and he would respond literally within 15min or less. He is very reliable to answer any questions. thank you Brandon! Honestly this is helping us so much.
According to Kim Cole, community engagement manager at credit counseling agency Navicore Solutions, bankruptcy can make sense when life circumstances cause people’s finances to spiral out of control. Very often, she said, her company works with consumers who have racked up insurmountable amounts of medical debt that they couldn’t pay off if they tried. Other times, bankruptcy is the result of job loss or another unintended loss of income.
Negative records that you cannot successfully dispute will remain on your credit reports for roughly seven to 10 years. The best way to overcome such negatives is to add a pile of new positive information to your credit reports. Doing so dilutes the negative information and shows that you’re really a responsible borrower who just made a few mistakes. We’ll explain how to go about doing that in the steps below.

If following the steps above seems daunting, some organizations specialize in paid credit repair services. Most of the services require a monthly subscription fee between $60-$100 per month, and most reviews report that the negative items are completely removed within 3-5 months. Despite the high cost, legitimate companies provide a valuable service if you’ve been the victim of identity theft and you want someone else to do the work for you.
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