Can I afford to put off repairing my credit?
If you are in serious need of credit repair, and can find no way out, then a professional who works in the field of repairing credit is an excellent source to consult to get back on your feet. With over half of the population falling below the "good" credit line, it is not a wonder that so many people find themselves confused and unsure of how to get out of debt.
Your situation could also be entirely different than that of a procrastinator's you may simply just feel that you are not capable of handling paying off your debt right now and feel that an opportunity to start credit repair is down the road. Whatever the reason behind your first inclination to put off repairing your credit, this is one time when you should not trust your gut or your first instinctual response.
The longer you wait to start working out a credit repair plan, the more you will destroy your credit as it is a sure bet that you are also not looking into figuring out what you are doing that placed you in either a whole of debt or to accrue such a low credit ranking. One of the most successful ways to both avoid and start repairing your credit, is too simply know how your credit ranking is built so that you can start putting into place good financial habits, and stop the bad ones.
First, it's illegal. If you attempt to change your credit report as a method of credit repair with aid from an online source, you are now guilty of credit fraud, a federal offense. To compound matters, since it is extremely hard to track anybody down online, the only person who is going to be found guilty in a court of law is you.
Second, this is the wrong way to go about credit repair because if you succeed in creating a separate record that you can use and not get caught (and you will get caught, it is just about how long it takes to get there) you have not solved any problems, so you may end up even more in a financial mess. The debts you have are still going to be there waiting for you, and chances are since you cheated, you have no clue how you got yourself into the situation of having a low credit score, and so you are going to drop your legal one even lower.
If you are have just finished college, then you are probably either living in your bachelor pad that you have stayed at for the last four years or have been living in your parent's basement. Now is your first opportunity to move out, as your job is located in a different area, and buy your first real adult apartment, except for one problem. You never bother to start credit repair, and when the landlords in the area you wish to rent run your lease applications, you are coming up denied on all of them because you can't pass the credit check.
If you are not too far into debt, you may simply consider beginning your credit repair by paying your bills on time and by working on edging out your debt. One thing is for sure, more debt is not the solution so avoid any more credit card offers and/or loans even if they are tempting. It may be hard, but if you do the right thing, you can repair your credit and make your life better.
Your situation could also be entirely different than that of a procrastinator's you may simply just feel that you are not capable of handling paying off your debt right now and feel that an opportunity to start credit repair is down the road. Whatever the reason behind your first inclination to put off repairing your credit, this is one time when you should not trust your gut or your first instinctual response.
The longer you wait to start working out a credit repair plan, the more you will destroy your credit as it is a sure bet that you are also not looking into figuring out what you are doing that placed you in either a whole of debt or to accrue such a low credit ranking. One of the most successful ways to both avoid and start repairing your credit, is too simply know how your credit ranking is built so that you can start putting into place good financial habits, and stop the bad ones.
First, it's illegal. If you attempt to change your credit report as a method of credit repair with aid from an online source, you are now guilty of credit fraud, a federal offense. To compound matters, since it is extremely hard to track anybody down online, the only person who is going to be found guilty in a court of law is you.
Second, this is the wrong way to go about credit repair because if you succeed in creating a separate record that you can use and not get caught (and you will get caught, it is just about how long it takes to get there) you have not solved any problems, so you may end up even more in a financial mess. The debts you have are still going to be there waiting for you, and chances are since you cheated, you have no clue how you got yourself into the situation of having a low credit score, and so you are going to drop your legal one even lower.
If you are have just finished college, then you are probably either living in your bachelor pad that you have stayed at for the last four years or have been living in your parent's basement. Now is your first opportunity to move out, as your job is located in a different area, and buy your first real adult apartment, except for one problem. You never bother to start credit repair, and when the landlords in the area you wish to rent run your lease applications, you are coming up denied on all of them because you can't pass the credit check.
If you are not too far into debt, you may simply consider beginning your credit repair by paying your bills on time and by working on edging out your debt. One thing is for sure, more debt is not the solution so avoid any more credit card offers and/or loans even if they are tempting. It may be hard, but if you do the right thing, you can repair your credit and make your life better.
About the Author:
For additional Credit Repair Resources and information, visit MSI Credit Solutions.
posted by Credit Counseling at
2:01 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home