Add stability to your credit file

Dont let a foreclosure or bankruptcy on your credit get you down.  The faster you begin to re-establish good credit, where you pay on time -- every time the faster you'll improve your credit score.  Begin adding positive information and show stability in your credit file -- today!

Some creditors -- such as, gas card companies, local vendors, local banks and credit unions -- may not report your credit history to the credit bureaus.  You can also request that credit grantors  report your account information and monthly payment history to a credit-reporting agency.  Althought not all will grant the request, know you know in the future, to ask small creditors to report your on-time payments to a credit-reporting agency.

Credit Report is like a Financial Report Card

A credit report is the equivalent of a consumer’s financial report card. It details your credit history as it has been reported to the credit reporting agency by the lenders who’ve given you credit. Your credit report lists the types of credit you use, the amount of time your accounts have been open, and if you pay your bills on time.

Your credit report is used by many different companies to make decisions about you. Auto loan companies, Credit card companies, banks, mortgage companies, and insurance companies........employers and landlords check credit reports to check on your credit history.

Why? They know that if you were responsible I the past, you are likely be responsible in the future.

Avoid Foreclosure Now!

It has occurred to me that some of my blog readers may not know that I am also the author of 6 Simple Steps to Avoid Foreclosure. If you, or a neighbor or family member is in danger of losing a home, review my book and learn how to quickly understand the foreclosure process and what you need to know before you call your lender.

6 Simple Steps to Avoid Foreclosure
http://www.avoidforeclosuremanual.com/
$19.99

www.kpatricewilliams.com

K. Patrice Williams, the author of 6 Simple Steps to Avoid Foreclosure and 6 Simple Steps to Credit Repair, can be booked for training and speaking engagements at http://www.kpatricewilliams.com

Building Business Credit

Why, you ask, is there a post about business credit in a Credit Repair blog?

Whether you are currently a business owner or have dreams of starting one, obtaining and building business credit is a smart addition to your credit repair strategy.

Once a business is legally formed, not only does it give you the ability to take advantage of extra income and tax deductions but you can also build and develop business credit that is separate from your own.

Let me be clear, the strategy is to build a viable business NOT a business shell to be used for the purpose of developing business credit.

Revised Edition- 6 Simple Steps to Credit Repair

6 Simple Steps to Credit Repair, Bankruptcy and Foreclosure Included has been revised for 2009, at an affordable price of $19.99. Audio version to be available soon. http://improveyourcreditmanual.com

Patrice

Consolidating Your Debt

For years you’ve been spending and charging, racking up debt that ranges from simple department store credit to student loans to car purchases. Suddenly, you realize it’s all too much – your interest rates are increasing and all of you monthly payments are growing bigger than what your salary can afford. At first blush…you think it may be time to consider a debt consolidation loan.

Debt consolidation is when you take all of your debt as a whole, combine it, and pay it off with a single loan that gives you a lower interest rate and a more manageable monthly payment. To even consider a debt consolidation loan, you must act…before your credit takes a turn for the worst. This way you don’t damage your credit score, and you’re able to get the best terms on your new consolidated loan.

In most cases, the consolidated loan will still be better than the total of your individual debts – even if your credit is a bit tarnished. Debt consolidation loans are considered by some because you no longer have to juggle bills trying to make each lender happy – you simply write one check a month and your debt is paid.

But beware, when you consolidate your debt you also lower your Credit Score….. want to know more? Do to http:www.improveyourcreditmanual.com