Have you had one or more financial misfortunes over the past several years and now have a less than ideal credit score? If so, you're certainly not alone. Credit scores have been one of the biggest victims of the financial crisis and the recession. Unfortunately, that number can determine not only whether you can get credit and what interest rates you'll pay but they can also affect your insurance premiums and even your ability to get a job.
You’ll use your own money as collateral by putting down a deposit, which is often about $150 – $250. Typically, the amount of your deposit will then be your credit limit. You should make one small purchase each month and then pay it off on time and in full. Once you prove you’re responsible, you can get back your deposit and upgrade to a regular credit card. Read more about secured cards here.
If you have a number of mistakes that appear in your report, you may want to only include a few disputes at a time. We recommend a maximum of five disputes in a one ltter. This means that you may need to go through several rounds of disputes if you’ve never repaired your credit before. If you do this process regularly, then it typically takes one round, at most.
UPDATE: The Alternative Loan Machine is actually fixing the issue for me now. Apparently the problem was during the period when they were switching from beta testing to going live. Their communications were down while they were transferring everything over to their new system. They’ve since contacted me and are assisting in getting my refund back from the vendor I hired through them, so everything’s getting taken care now. They are at this time doing everything they advertise themselves doing.
It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Both the credit reporting company and the information provider (the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights, contact both the credit reporting company and the information provider.
If you’ve settled your accounts because of an illness or job loss, they will likely get closed and your score will drop precipitously low. This is only temporary. Your next job will be to continue paying all of your bills on time and paying all other loans you have (like your auto or mortgage loans). Your credit score will rise again, and when it does after about a month or two, you should start applying for credit again.
This last step is easy too! Our strategy puts the bad credit of your past further and further behind you showing the credit bureaus that you are improving your credit. We make this easy for you by hand selecting the right credit cards for you to choose from - the ones that will get reported to the credit bureaus and are easier for individuals going through credit repair to get approved with.

A report by FICO® showed that younger consumers can earn high credit scores with excellent credit behavior. 93% of consumers with credit scores between 750 and 799 who were under age 29 never had a late payment on their credit report. In contrast, 57% of the total population had at least one delinquency. This good credit group also used less of their available credit. They had an average revolving credit utilization ratio of 6%. The nation as a whole had a utilization ratio of 15%.39
Everyone is entitled to one free credit report per year from each of the three credit reporting agencies. Your credit report contains the information used to compute your credit score. It can be obtained by visiting www.annualcreditreport.com(Opens in a new window) or by calling 1-877-322-8228. Your credit score won’t be included in the free report, but can be purchased at the same time your report is pulled for a small fee.
Stop using credit cards. This is usually the most expensive of debt type, the easiest to use without thinking, and the source of aggressive collection efforts. Keeping zero or low balances on your credit cards will save money and increase your peace of mind. Use cash or your checking account debit card for irregular purchases, keeping your credit cards locked up securely at home.
How it works: A student credit card is the same as a regular credit card but typically has a lower credit limit. The lower limit is due to the smaller income students have compared with adults. Your teen can use their student card just like you’d use your card. However, student cards tend to have higher interest rates than non-student cards — making it all the more important for your teen to pay on time and in full each month.
This is easier said than done, but reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. The first thing you need to do is stop using your credit cards. Use your credit report to make a list of all of your accounts and then go online or check recent statements to determine how much you owe on each account and what interest rate they are charging you. Come up with a payment plan that puts most of your available budget for debt payments towards the highest interest cards first, while maintaining minimum payments on your other accounts.
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