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.
This is a riff off the strategy to pay before the statement date for those that cannot make a lump sum payment, similar to making bi-monthly payments to reduce your mortgage debt faster. For a 30-year mortgage, this strategy results in reducing the balance before interest is charged every month and in making an additional month’s payment every year, effectively reducing the loan term and interest charges dramatically over the life of the loan. For credit card payments, it can also mean the difference between being able to pay extra and not being able to pay extra during the month. So try making one payment before the statement date and another payment by the due date to pay down the balance as quickly as possible.
Negative credit information is any action that causes creditors to consider you a riskier borrower. It includes late payments, accounts in collections, foreclosures, bankruptcy, and tax liens. Once negative credit information is introduced into your credit history, you cannot remove it on your own. However, time heals all wounds. The longer it’s been since the negative information was introduced, the less it will affect your credit score. In time, negative information falls off your credit history.
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.
While the Savings Secured Visa Platinum Card from State Department Federal CU has a slightly higher security deposit at $250, it does have one of the lowest APRs of a secured card at 13.99% Variable. This may come in handy if you find yourself carrying a balance month to month — but we strongly encourage you to pay each bill on time and in full to avoid interest charges. This card is available to everyone regardless of residence by joining the American Consumer Council for free during the application process.
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Authentic credit repair experts and companies owned by individuals who believe in doing something the right way when they put their name on it still exist. Taking a few minutes to find the time to locate genuine credit restoration specialists may be involved but it almost always easier than dealing with a fast credit repair decision made too quickly. Almost everything worth having requires a little bit of wait time – even in today’s world.

One of the biggest pitfalls of debt consolidation is the risk of running up new debt before the consolidated debt is paid off. When you finish paying off credit cards with a consolidation loan, don’t be tempted to use the credit cards with their newly free credit limits. If you think you might, close the accounts. You may have heard that doing so could hurt your credit score, and it might. But you can recover from credit score damage much more easily and quickly than you can recover from crushing debt.
Consolidating the debt probably won’t hurt your credit scores over the long run, but there could be a short-term impact from the new loan with a balance. So I can’t guarantee that your scores won’t dip when you do this. If your scores are strong enough to get the lease now you may want to go ahead and do that. If not you may be taking something of a chance – it could go either way. Will Debt Consolidation Help or Hurt Your Credit?
Shortly before graduate school started, I visited friends in Iowa. When we were about to split the bill after dinner at a Japanese restaurant, I noticed that all my friends had a Discover card with a shimmering pink or blue cover. The Discover it® Student Cash Back was known for its high approval rate for student applicants, and had been popular among international students. 
According to VantageScore report on how credit behaviors affect your credit score, those with a low credit score may see a credit score bump of 5 to 10 points every month you use responsible credit behavior such as making on-time payments. And, you may see larger jumps of 35 to 50 points or even more if your score was low because of high credit utilization and you make a large lump sum payment to one of your cards and keep the balance low.

If you are struggling to pay off multiple credit cards, consolidating your debt may allow you to reduce your interest rates and lower your monthly payment. However, a lower monthly payment can mean a longer repayment term and more interest paid over the life of the loan. Whether you should consolidate your credit card debt depends on your individual circumstances and the terms of the consolidation.
Credit reports typically have a space for you to provide your comments at the bottom: explaining why a particular debt hasn't been paid or to point out any factual errors. While this is another area of recourse, with the credit bureaus you're seen as guilty until proven innocent, and the burden's on you to correct things. When you write to the credit bureau, be sure to send copies (not the originals) of any proof that can be used. 
As newer debt weighs more heavily on your credit report than older debt, your score can drop when you make an effort to pay, whether in part or in full. While the payment will make the debt show as settled in full, it may show on your report as new debt. Regardless of how it shows on your report, ensure that the lender removes the charged-off status on your old debt and shows it as paid in full.
Once you have your credit reports, read through them completely. If you have a long credit history, your credit reports might be several pages long. Try not to get overwhelmed by all the information you're reading. It's a lot to digest, especially if you're checking your credit report for the first time. Take your time and review your credit report over several days if you need to.
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.
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.
Offer a variety of deferment options: Discover offers four different deferment options for borrowers. If you decide to go back to school, you may be eligible for in-school deferment as long as you are enrolled for at least half-time. In addition to in-school deferment, Discover offers deferment to borrowers on active military duty (up to 3 years), in eligible public service careers (up to 3 years) and those in a health professions residency program (up to 5 years).
Despite anyone's diligence in managing their money wisely, sometimes financial hardships happen because of a job loss, medical condition, divorce, or other life events. If you have problems making ends meet, contact your creditors or a legitimate non-profit agency that specializes in credit counseling services for assistance. Do this as soon as possible to see how consolidated debt can help relieve the burden of financial stresses. The longer you wait, the more challenges you'll encounter. Consolidating debt is often your best alternative in these situations, and a counselor can help you with the process.
If you’re hesitant for your teen to open their own credit card, adding them as an authorized user on your credit card account may be the best option. You can easily monitor their spending through statements and online banking. While they piggyback off your credit, you can continue to benefit from the same perks your card offers and even earn rewards on their purchases — if you have a rewards card.

The Affinity Secured Visa® Credit Card requires cardholders to join the Affinity FCU. You may qualify through participating organizations, but if you don’t, anyone can join the New Jersey Coalition for Financial Education by making a $5 donation when you fill out your online application. This card has an 12.35% Variable APR, which is one of the lowest rates available for a no annual fee secured card and is nearly half the amount major issuers charge. This is a good rate if you may carry a balance — but try to pay each statement in full.


You have a low score, so I’m going to guess you have some charged-off, unpaid or seriously delinquent accounts on your credit report. The damage to your credit score has already happened. What you can do initially is make sure the negatives reported on your credit file are accurate and not out of date. Look over your credit reports, and dispute any negative items that you don’t think are yours or are more than 7 years old. Once you have ensured your history is accurate, you can work on adding new, positive data.

Balance transfers can be easily completed online or over the phone. After logging in to your account, you can navigate to your balance transfer and submit the request. If you rather speak to a representative, simply call the number on the back of your card. For both options, you will need to have the account number of the card with the debt and the amount you wish to transfer ready.


When your financial health is at stake, you need a lender you can trust. Unfortunately, some financial institutions make it difficult to find all the information you need to make an educated decision. This can cause you to inadvertently sign up for a misleading loan that doesn’t serve your best interests. If you can’t easily find the answers to any questions you may have about a debt consolidation loan, you may want to consider another lender.
Those are some primary areas to focus on for quick credit repair when you need to get a bump up in your credit score. These areas will help move the needle a little, if done effectively. But to make real, substantial changes in your credit score and history will take some time. To get an honest assessment on your current credit health, it might makes sense to start with a credit consultation from a professional credit repair firm.
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.

You don't have to pay your bill in full to have your payment count as on-time; you only have to pay the minimum (though that isn't there to do you any favors – it's there to keep you in debt: You'll be paying lots of interest, and paying off your balance for years). However, if it's all you can afford, you're better off making the minimum payment on time than not making a payment at all. The important thing to remember here is that a consistent history of on-time payments will cause your credit rating to rise.

It sounds like you are in a Catch-22 – you can’t pay down your debt without consolidating, and you can’t consolidate until you pay down your debt. That makes me think that you could be a good candidate for credit counseling. A credit counseling agency does not care about your credit scores. Your interest rates and payments will likely be reduced, and you will have a plan for paying back your debt in a reasonable period of time. We talked about that more in this article: Does Credit Counseling Work?
You should take the time to shop around. FICO says there is little to no impact on your credit score for rate shopping as many providers as you’d like in a single shopping period (which can be between 14-30 days, depending upon the version of FICO). So set aside a day and apply to as many as you feel comfortable with to get a sense of who is ready to give you the best terms.
I do not agree with the secured card info you've provided.  They are great tools when used correctly.  You can find one with no/small annual fee.  The interest rate won't come into play if you pay your balance in full each month.  Even if you don't pay in full, the interest on a very low balance is a non-factor.  Alomst any credit union will allow you to open an account with as little as $5 and secured card with $300/500.  My card is $500 and I never charge more than $150(30%).  It takes will power to not max it out.  You don;t want to fall back into old habits (if that is what got you into this situation in the first place).

The first step and tip that we can offer anyone interest in fast credit repair is to look at their credit report. This single document contains so much information that it’s quite easy for there to be minor mistakes, and even major mistakes. With that being said, take the time to receive your annual free copy of your credit report and analyze the entire document. Look at your address, previous loans, and even inquiries to see if everything is truthful. When it comes to inquiries, they should not be posted for more than two years. If there are any inquiries longer than this, they should be removed. In any case, if there are any discrepancies, credit holders have the power to file a claim to remove the falsified information. In many cases, through doing this, it can significantly improve your credit score.
Home Equity Loans and Lines of Credit: Before the 2008 financial crisis, this was one of the most common methods of consolidating credit card debt. The benefit of a home equity loan is the low interest rate and the ability to deduct the interest. However, you put your home at risk and tempt yourself with extending the term. Credit unions offer particularly low interest rates. You can visit your local credit union, or work with a national credit union like PenFed, which offers home equity loan interest rates as low as 3.74%.
If you find that you're always struggling to have enough money in your account, establishing automatic payments is a simple way to pad your savings. "When you get your direct deposit from your payroll, you can set it up with your bank that a certain portion automatically goes into your savings account," says Danial Tariq, vice president at Quontic Bank in New York City. "The idea is that you do not spend what you get. You are not tempted to spend a portion of your income because you don't even see it. It's human [nature to think] 'Oh, I have $500. I can spend $500.'"
Our last tip for fast credit repair that we are going to talk about is about removing any financial dependencies with individuals with poor credit. If you are currently tied by a car loan, mortgage, credit card, or any other line of credit with an individual that has poor credit, this can most certainly impact your credit score. On top of this, if you are planning on co-signing or being a guarantor for an individual, both will impair your credit score as well. It has been proven by financial experts and gurus that, through cutting any bad financial connections with other people, it can be one of the fastest ways of credit repair. We do advise to make this decision carefully as it can easily cause turmoil between two people.

This is a great company to work with. Friendly staff and very helpful. I provided them with my filled out form, and they were able to analyze my credit score. They provided sound advice and I was able to raise my score with a few tweaks. Gave their # to a couple of friends that I have heard had great success as well. Talk to the experts at Quick and Easy! They will help make you look good.

We have a budget and unfortunately have nothing of value to sell. I have to have a reliable vehicle to go to work and to take the kids to school. Can’t stand the mall, thank goodness!!! We make our own coffee. We save for months to have pizza or a family outing. We are very modest so we only have needs, wants went away when we had my kids. I am looking for a part time job but I want to have one day off a week to spend with my kids and thats apparently a problem for some employers. I’m not giving up and I will win this I just needed to see if anyone had an idea I haven’t already looked into. Thank you!
Unlike traditional debt consolidation loans, a nonprofit debt management program can help you lower your interest rates and consolidate your credit card payments, even if you have bad credit. That is because a debt management program isn’t extending new credit or a loan to you. They are simply helping you bundle your payments and make them on-time, and helping you lower your interest rates, despite a poor credit history. Why? Creditors may see you as a bankruptcy risk. By giving helping make your payment more affordable with lower rates, and supporting nonprofit debt consolidation programs, the creditors are attempting to prevent you from defaulting on your debt.
One of the main benefits of consolidating your credit card debt is getting a reduced interest rate. Reducing your interest rate allows you to lower your monthly payment and pay off your debts sooner. As a result, if you can’t lower your interest rates by consolidating your credit card debt, then it is probably not worth the extra cost and fees you will have to incur to do it.

The Amex EveryDay® Credit Card from American Express includes an extended intro period now at an intro 0% for 15 Months on balance transfers and purchases (14.74%-25.74% Variable APR after the promo period ends) and a $0 balance transfer fee. (For transfers requested within 60 days of account opening.) This offer is in direct competition with other $0 intro balance transfer fee cards like Chase Slate®.


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

Throughout much of 2007 Fair Isaac Corp, credit card issuers, and consumer rights groups battled over the proposed elimination of authorized user credit score benefits. In the end Fair Isaac implemented a software update that has effectively blocked benefits of brokered accounts while allowing legitimate family member accounts to continue to reap the awesome score benefits of authorized card memberships. The bottom line is that if you are trying to rebuild your credit and have a sympathetic family member with perfect credit who is willing to add you to one of their good, low balance accounts you can see a dramatic score boost in about sixty days. This can be a great credit repair blessing.


One of the main benefits of consolidating your credit card debt is getting a reduced interest rate. Reducing your interest rate allows you to lower your monthly payment and pay off your debts sooner. As a result, if you can’t lower your interest rates by consolidating your credit card debt, then it is probably not worth the extra cost and fees you will have to incur to do it.
You could consolidation the loans with a federal Direct Consolidation Loan. The Department of Education will issue you a new loan and use the money to pay off your existing loans. If you include your defaulted loan, that loan will be paid off, and your new consolidation loan will be current. To be eligible, you must agree to either repay the consolidation loan with an income-driven repayment plan or to make three monthly payments on your defaulted loan before applying for consolidation.
The first step and tip that we can offer anyone interest in fast credit repair is to look at their credit report. This single document contains so much information that it’s quite easy for there to be minor mistakes, and even major mistakes. With that being said, take the time to receive your annual free copy of your credit report and analyze the entire document. Look at your address, previous loans, and even inquiries to see if everything is truthful. When it comes to inquiries, they should not be posted for more than two years. If there are any inquiries longer than this, they should be removed. In any case, if there are any discrepancies, credit holders have the power to file a claim to remove the falsified information. In many cases, through doing this, it can significantly improve your credit score.
Rapid Rescore, Creditsweeps and other Instant or so called quick credit repair options have been invented and marketed to the modern day consumer who expects to have everything they need in an instant for over 15 years now. Although I have seen these type of programs work and even sold them for a short period about 10 years ago in today’s market with the credit bureaus doing everything in their power to protect the integrity of their data there is currently very little to no chance of getting fast credit repair that many of my readers are seeking.

I decided to work on my credit report because my goal is to buy a house. I was on YouTube and saw a video of Brandon Weaver discussing on how to remove the negative reports from my credit report. He sounded so convincing I decided to place an order. I received samples of the letters within 10 mins from purchasing it. I had 7 negative items on my report but when I sent out those letters the credit bureaus delete 4. I'm currently working on getting the other 3 removed with letter #2. This section 609 really works. Can't wait til the other 3 are removed so I can work on finally buying my house and refinancing my car. And take those dream vacations like Brandon. Thank you!!

If you've already used up your free credit reports for this year, you can order your credit reports directly from the credit bureaus for a fee. The bureaus all offer a three-in-one credit report that lists all three of your credit reports side-by-side. The three-in-one credit report costs more than a single credit report, but less than the combined price of purchasing your individual credit reports.


It should go without saying, but, another quick tip for fast credit repair is through focusing on eliminating outstanding debt. Furthermore, if you have outstanding debt, the idea of opening new credit lines should go out the window. It’s more important, as a responsible borrower, to handle the financial matters at hand and eliminate any outstanding debt first. Through taking the time to do this, you can significantly improve your credit score and likelihood of getting approved or credit increases, all of which can help with credit utilization, enhancing your efforts of fast credit repair!

If your teen is ready for their own card, a secured credit card is a good place to start.  A secured card is similar to a traditional “unsecured” card, except it requires a security deposit to access credit. Your teen can build credit by charging a small amount each month to their secured card and paying it off in full and on time each month. They can eventually upgrade to an unsecured card, and we’ll explain how below.

Before becoming a writer, she worked as a CPA for the former BellSouth Mobility. After maxing out seven credit cards and getting into credit card debt, she decided to leave her cubicle to become a financial journalist and help others avoid the mistakes she had made. Through her books and media appearances, she's become well-known in the credit industry as a consumer advocate.


What is it? Home equity loans are for a fixed amount of money for a fixed time and at a fixed interest rate — but they are secured by your home. That means your home is collateral, and if you default on your loan, the lender may foreclose on your home. You can borrow a certain percentage of your home equity. That’s how much your home is worth minus how much you owe on the mortgage.
If you need money fast, a home equity loan might be a good option. A home equity loan can provide you with a lump sum of money in a matter of weeks; the borrowed amount can then be paid off on a monthly basis for a fixed rate. It can be especially helpful to use this type of loan to help consolidate your current debt. A home equity loan can combine debt from various lenders, such as different credit card companies, and place it into one convenient payment.
If your credit score is pretty good, but not good enough to get you the interest rate you want, you may be able to improve it by taking out a small loan and repaying it as promised – in other words, by adding some positive activity to your credit history. Also, because installment loans add to your mix of credit, obtaining one might improve your score.
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:
The last major factor is your history of applying for credit. This accounts for 10% of most credit scores and may be holding you back if you applied for several credit accounts recently. This factor also takes time to correct, but any hard inquiries into your credit will only ding your scores slightly, and as they get older, they will have less of an impact. A year is generally when they begin to stop hurting your credit scores.
×