Credit River, MN (WiredPRNews.com) — Having bad credit can be troublesome for anyone. It makes you feel as if you’re inferior to other people that have good credit because they seem to get privileges such as approval for loans and credit cards. It seems this way because maintaining a good credit report and score takes discipline, and those that pull it off are rewarded with more financial options where credit is concerned.
Here are some signs that you may need some help fixing your credit:
* You cannot pay your bills and have trouble purchasing life’s necessities.
* You see your credit score has dropped one hundred points or more.
* You get turned down when applying for “simple” things because of poor credit.
* You avoid the phone, mailbox, and the door because you are being harassed by collection agencies.
* You avoid going out because you feel terrible about your financial situation.
* You have no idea how you will repay your bills and loans. You do not even know where to start.
So, where do you start?
If you are in over your head when it comes to debt and your credit is so bad that you cannot get a loan and may even be facing bankruptcy, you may want to seek help from a professional. There are a number of financial experts that can help you with credit restoration.
Bankruptcy Lawyers and Advisors. Bankruptcy lawyers can help represent you in bankruptcy proceedings. Advisors can help you decide whether to apply for a bankruptcy and how to proceed if you make the decision to file. Getting the right help during a time when your credit report has started to take some hits is very important and can make the difference between getting approved or turned down for the next house or new car that you want to buy. While getting a bankruptcy lawyer and filing for bankruptcy can be upsetting and can dramatically affect your credit score for many years, it can also give you a chance to start over financially and can help you re-establish good credit again in the long run.
Credit Restoration. This can help you by empowering you to take control of your credit and helping you find a path that will lead to a better credit report and help you with the rebuilding process. Credit restoration involves paying off debts and negotiating settlements with creditors, along with other techniques that will clean up your credit over the long haul.
Accountants and Tax Services. Accountants and tax filing services can help you make the most of your money by making sure that you do not end up overspending on taxes.
Bankers and Bank Officers. Most banks today will not only help you keep your money but are also willing to work with you to make the most of it. Banks are actually a financial service, so they offer free investing advice, saving advice, and personalized meetings with bank officers that can help you figure out your money situation and help you plan for the future.
Loan Providers and Bad Credit Lenders. How you deal with lenders will determine how well your credit score is maintained. Avoiding too many inquiries by not applying for too many loans, establishing long-term business relationships with bankers, and doing business with bankers in an organized and professional way (i.e. paying your debts on time) will go a long way towards improving and keeping a good credit rating. In turn, a good credit rating will make it easier to apply and receive loans from lenders.
Written by: Michael Malloy ( The Credit Physician ) This author has been researching the anatomy of the credit report for years,giveing readers the information to empower them to take control of there credit reports.
THE CREDIT PHYSICIAN
“empowering you to take control of your credit”