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Do it Yourself
Credit Repair Kit
Everything you need to begin repairing
your credit today. "Give Yourself Credit" details the truth about credit reporting and the best countermeasures available to recover credit worthiness. The Information in this guide represents over 15 years of research and experience in the field. The authors of this guide have witnessed the deletion of over 115,000 negative credit items using the exact methods described throughout the guide.
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Credit Repair
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sign up and they do the rest. If you are ready to have your credit repaired but aren't up to doing it yourself, we highly recommend having the most trusted credit restoration law firm do it for you. You pay a low monthly fee of only $39.00 and all of the disputing is done for you. No headaches, no worries, just ease of mind. Get the score you deserve. Start today!
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Only $35.00 a month. Questions about
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Contact us This Week's Credit Term Advance-fee loan: A loan calculated so that all the finance charges and other creditor expenses are deducted before the consumer receives the principal. ---
more terms Education Articles Terms Calculators Resource Previews Credit Reports A credit report is a constantly changing report that reflects all debt information that is attached to a person. This information can be updated daily. This means if you view your credit report today, and then view it again in a week, there will most likely be some changes. Changes occur when one of your creditors sends the Credit Bureaus new payment information on you for the most recent billing cycle. Some of the information that your credit report consists of:
- If there are any public records on you such as judgments, bankruptcies, or tax liens.
- Your current billing address
- List of all creditors past and present
- List of all accounts presently open
- Amount owed on each account
- Amount available on each account
- List of all late payments or non-payments
Who looks at your credit report?
----more If you haven’t checked your credit report recently you may be surprised at the results. Millions of Americans who think they have great credit are shocked when they are turned down for a credit card, car loan, or home mortgage. Bad Credit is easy to get, but could take you seven years to get rid of. Are you thinking not me? I have great credit! If you have moved, are paying on a student loan or share a name with someone in town you may be surprised at the story that your credit report is telling everyone about you A 30-day late on your credit report may look bad but three or four of them after a move may cause your credit to nose dive without you even noticing.
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How Much is Bad Credit Costing you? Example 1:
Automobile Financing If you are making payments on a car, you are probably paying between $5,000 and
$9,000 more in interest just for having bad credit. This added interest shows up every month in a higher payment. Take a look
Credit Status Rate Payment Over 5 years Monthly Cost of
Bad Credit Perfect 10% $424.94 $0.00
$0.00 Mildly damaged 14% $465.37 $4,722.54
$76.17 Damaged 20% $529.88 $8,593.30
$138.60 Example 2 :
Home Mortgage Bad credit in auto financing can really hurt, but it is nothing compared to the cost of bad credit when a home is involved. A typical home can cost between $50,000 and
$130,000 more in interest if you are buying the home with bad credit, as indicated below.
Credit Status Rate Payment Over 30 years Monthly Cost of
Bad Credit Perfect 7% $655.30 $0.00
$0.00 Mildly damaged 9% $804.62 $50,155.24
$139.31 Damaged 12% $1,028.61 $130,791.63
$363.30 Example 3:
Credit Cards Most of the time you cannot even get an unsecured credit card with bad credit. If you do, you are generally expected to pay a high monthly payment or initial fee. Furthermore, the limits are typically low and the card issuer often asks for a cash deposit.
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