| There are different paths you can take if you want to | | | | score. Nothing can be further from the truth. For |
| fix a bad credit report. The "hard way" requires | | | | example, if you pay a collection debt that is more that |
| considerable financial effort, careful budget planning | | | | 2 years old, your credit score will probably drop. Why? |
| and spartan discipline. The "smart" way requires credit | | | | Because more recent items have greater impact on |
| knowledge and better comprehension of the inner | | | | your final FICO score. You bad debt (albeit now paid) |
| workings of the system. The credit system is rife with | | | | will have bigger influence on your credit score and will |
| paradoxes and loopholes. The more you know about | | | | stay on your record for another 7 years. Besides |
| them, the better your chances to raise credit score | | | | paying off old debt in full is unwise. Always negotiate |
| fast. | | | | with collection agencies for a settlement amount that |
| Here are 3 tips that will help you understand how fast | | | | satisfies you. They are still making a pretty handsome |
| credit repair works. | | | | profit even at 25 % or less for a " settlement" amount. |
| 1 Knowledge is a powerful weapon | | | | The ultimate goal is NOT to pay everything off, but to |
| Knowledge is the most powerful weapon when it | | | | pay LESS. And more importantly to get the items |
| comes to credit repair. Trying to fix your credit without | | | | deleted from your account. |
| the proper information is like going to a war unarmed. | | | | 3 the perfect debt to credit ratio. |
| How is your FICO score calculated? Why are some | | | | A lot of people rack up big credit card balances and |
| factors more important than others in your final credit | | | | pay them off at the end of the month, thinking this |
| score? Which are the most detrimental accounts in | | | | helps their credit score. It doesn't. Creditors don't like big |
| your credit report? Why different credit bureaus might | | | | spenders. In order to increase your credit score, you |
| have different credit score for you? Why paying off | | | | have to keep your card balance at 30 % or less. |
| old collection accounts may actually lower your credit? | | | | When calculating your score, credit bureaus take into |
| What is your most powerful weapon when negotiating | | | | consideration the balance on each of your cards |
| with collection agencies? How to dispute with credit | | | | individually as well as the overall debt to credit ratio |
| bureaus?What to avoid when filing a dispute? How to | | | | from all of your cards. If you have maxed out certain |
| request validation of debt? How to pressure the | | | | card and haven't used others, do a balance transfer |
| original creditor to remove a negative item from your | | | | from card with bigger balance to card with lower |
| account? How to properly document your | | | | balance. Ideally you should bring the balance on all of |
| communication with creditors, credit bureaus and debt | | | | your cards to the healthy 30 %. |
| collectors? The answers to such questions can help | | | | There are many ways to fix bad credit report. The |
| you understand how the credit system works and | | | | more you know about the credit system and the |
| what are the shortcuts to a better credit. | | | | various loopholes in it, the better your chances to |
| 2 the magic words-"negotiate" and "delete" | | | | achieve credit success fast. Credit repair is really easy |
| According to the mainstream credit advisors, paying | | | | once you start thinking outside the credit box. |
| off you debt in full will eventually increase you credit | | | | |