| Credit repair strategies have undergone drastic | | | | good utilisation ratio which would work in your favour. |
| changes with the recent changes in the laws and | | | | 2. Do not be late on your mortgage payments |
| policies related to credit card and student loan | | | | It is critical now more than ever before that you do not |
| rehabilitation. In such changing times it is important to be | | | | delay your mortgage instalments and pay them before |
| abreast of new information as soon as it comes in the | | | | the 30 days valid due date of repayment.This has a |
| market before it is too late. | | | | massive impact on the credit score and so any slips |
| Here are 4 steps that you would need to take in the | | | | here would ruin your credit score for a long time. |
| beginning of Year 2010 to have a well balanced credit | | | | 3. Dispute any increase in the interest rates |
| score and debt structure. | | | | Any unilateral increase in interest rate on your balance |
| 1. Negotiate for Higher Credit Limit | | | | payment will be against the CARD Act which will |
| You must negotiate for higher credit limit. But before | | | | come into effect starting 22nd February 2010. So you |
| you do that you should have a very clean record with | | | | do have the right to dispute the increase and keep |
| that Credit Card Company. Credit Cards are a big | | | | your credit card bills under scanner. Of late many |
| business and a good client is worth much more. It | | | | credit card companies have been increasing interest |
| simply means you too have the power to negotiate. | | | | rates without the consumer's permission, so keep an |
| An increased credit limit on your card would mean a | | | | eye on that bill payment. |