National Debt Relief Shares Effective Tips To Fix Bad Credit Scores
Dallas, TX (PRWEB) August 05, 2016 -- National Debt Relief recently shared in an article published July 11, 2016 that is meant to help consumers who have some serious problems with their credit score. The article titled “The 7-Step Path to Fixing Bad Credit” takes a look at seven of the most useful strategies consumers can use to rebuild and improve their credit score.
The article shares that having a low credit score can be financially prohibitive on the part of the consumer. It can lower their chances of getting a credit card, a personal loan and even a mortgage loan. In the off chance that they do get approved, they are slapped with a high interest rate which consequently increases the amount they have to pay back.
One of the ways to help fix a bad credit score is by reviewing credit reports. The article reminds consumers that they are entitled to free credit reports every 12 months from some credit reporting bureaus and they can use this to analyze their finances. They can look at late payments and other factors that is pulling their score down.
The “pay for delete” strategy is another credit score tip the article explains to consumers. What this does is that consumers can contact their lenders and ask that they take out their late payment record in exchange for a payment. This can drastically pull up the score because the negative records can be pulled out.
Another strategy the article gives out to consumers is how secured credit cards can help them get their scores up. The way it works is that consumers deposit a certain amount of money to “secure” the card so they can then use it. As they use the card, this activity is reported and improves their payment record.
Improving the score can also be as simple as staring to pay bills on time. More often than not, this is one of the simplest reasons why a credit score is low. It would be a good to start monitoring debt accounts and when each has to be paid to keep everything up to date.
To read the full article, click https://www.nationaldebtrelief.com/the8-steps/
Paul Ritz, National Debt Relief, http://www.nationaldebtrelief.com/, +1 888-703-4948, [email protected]
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