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Two Effective Ways to Fix Your Credit Score

Apr 12, 2008
Today, having a good credit score means alot. I assure you a good credit score will make your life more comfortable and easy. This is why many people work diligently to maintain a good credit score.

----- The Benefits of a Good Credit Score -----

Here are some benefits of having a good credit score:

* it can increase your chances of getting a loan approved

* it will keep your interest rate low on car loans, mortgages etc.

* the lower interest rate will save you tens of thousands of dollars in interest

* it will even help you get certain jobs because many companies today do financial background checks

What if you are plagued with a poor credit rating, how can you fix your credit score? First, you need to act quickly before your credit score becomes even worse so you won't miss out on any opportunities that may come along.

Repairing your bad credit score will take patience and a little bit of luck.

----- Effective Ways to Fix Your Credit Score -----

The first thing to do to help your credit score is to cut the sources of negative credit reports. By doing so, you will be well on your way to improving your credit score.

You can do this by getting current with your outstanding debts. This won't improve your credit rating but it will stop it from getting any worse. The next step is to look for ways to make some positive reports to the credit bureaus.

One way is to apply for and use a secured credit card. A secured credit card is designed for people who have a bad credit rating. A secured credit card is backed by a deposit of money. If you pay your monthly credit card invoices promptly and in full every month, you will begin to raise your credit rating.

In summary, I have outlined a few effective ways to fix your credit score. With patience, usually around 5 to 7 years, you will see your credit score rise and those negative reports removed from your credit report. Remember to pay your debts on time in order to maintain and increase your good credit score.
About the Author
Mark Lauber helps make people happier, healthier and wealthier. For additional ways to fix your credit score and to learn the truth about credit repair, get your FREE ebook now called " The Credit Secrets Mini-Book ."
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