Credit and debt repair is a solution that so many people have spent endless amounts of time looking into. If you feel like you’ve become a victim of bad decisions leading to massive credit card debt, just know you’re not the only one.
Countless people feel exactly the same way. And this is not limited to credit card debt, but any debt in general. It doesn’t matter who the source of your debt is. If it’s not handled asap, it will make its way over to your credit report for an unfriendly visit.
And once it camps out there, it will stay parked for a good while, like a disgruntled tenant who refused to be evicted. I don’t want that for you, and I know you don’t want that either, that’s why you’re here. You found this article because you want some answers that are up to date and work. Well, congrats my friend, you found me, welcome to credit on steroids. Let’s get into it!
Many people get into trouble with credit cards, and other forms of debt in general. Having a couple of credit cards that you manage properly will help build your credit, but many people find it really hard to manage credit cards properly. As a result, this has immensely affected their way of living.
To make things worse, not only does it greatly affect your way of living but also damages your credit score. This results in you having a difficult, experience looking for available options out there that everyone should have access to.
In this particular article, we’ll be discussing some significant credit and debt repair techniques that will help fix the damage that has already been done.
Ultimate guides to credit and debt repair made simple
Really important tip before moving forward. “Big things are just a lot of little things put together”. No matter how bad your situation is, and how impossible it may seem to fix, always remember this wise proverb, There’s no need to get overwhelmed, just break it down by taking one step at a time until you get there!
Fixing your credit is the first priority. I can’t stress this enough. Many people don’t know this, but this actually is the first important step to take. Having a good credit score makes so many things easy for you. Easy and affordable loan acquisition is a prime example. How many times have you applied for a car loan or credit card, only to have the sales rep look at you like your half crazy?
There is possibly no more embarrassing a feeling than having to go through that. When you walk into that dealership, you want to strut in there with confidence. When you enter the bank, you want to stroll up to the manager’s desk with no fear or asking for a loan. And you definitely don’t want to be taken advantage of by getting a loan that charges you unreasonable interest rates.
Personal story:
When my wife and I first got married, we were broke. How broke you may ask? Well, ever heard of the saying “making ends meet”? Well, we were so broke, we couldn’t get our ends to even wave at each other, much less make them meet 🙂 I had a 1984 Mercury Topaz with grandmother plastic on the seats. It had a leaky transmission, an oil leak, and no AC. And we lived in the south, yikes! When we finally couldn’t keep the car alive any longer, we went to some dealerships to look for a used one.. We learned a big lesson about the importance of your credit score when we got denied again and again for some of the cheapest cars.
Finally, we found one dealership who was willing to take a chance on us. But there was a catch here…we would have to pay an outrageous interest rate on the car. At that time, we were desperate for transportation and needed something quick, so we settled. While that experience was a pain that we thankfully never have to repeat again, it was a valuable lesson.
Can you relate to this in any way? If so, then keep reading. That was when I woke up, and became aware of how my credit score affects so much of my life. You may be at the same place in your life right now. Friend, this applies not just to necessities like getting a car, but even employment is often affected by this.
Having a good credit score really can help you get a decent job. Some employers believe that a good credit score proves that you have good financial discipline. Imagine being the most qualified candidate for a position, only to get denied because you came up short on your score. There’s nothing cool about that folks. You need to truly understand how to renovate your credit report. This article also gives you some ways to get your credit score up.
If you let it, your brain can go in circles trying to figure this stuff out by yourself. It’s always best to identify your goal, and then step by step, break down what needs to happen for you to achieve it. And if you’ve been overwhelmed at all about this, just relax, you can do this. Big things are just a lot of little things put together. So lets look at some steps to get both your debt and your credit back on the right path 🙂
Here are a few things that you should be thinking about regarding credit and debt repair:
• Paying off your debt as quickly as possible:
When I first began this journey of paying off my debt, it was pretty painful, to be honest with you. I had to take a good, hard look at the mess I had made, and take responsibility for what I had done. I had over 40 items in collections, just eating away at my credit score, and I was honestly afraid to even look at my credit report. That’s when I began to start with the smallest items first, and pay them off. When you do it this way, you get a quick sense of accomplishment, that motivates you to go on to the next one.
and the next one.. and the next one… and the next.. you get it 🙂
From there I simply began to take on the larger debts, and clear them out. Before I knew it, I had a flow of positive energy propelling me toward this goal. In all honesty, not all of them were paid off with a single swipe of the debit card, BUT they were open to payment arrangements. And that allowed me chip away at them until they were gone! Now, you may be thinking to yourself “Man, I thought this guy was going to give me tips to get around having to pay off those collection bills.” Don’t lose hope just yet, there are ways to do this! And I implemented them both. We’ll talk about that in just a bit 🙂
• Never opt for bankruptcy:
Filing for bankruptcy is not an option, it is an act of desperation – and is a wrong one at that. Settling your debts now will only affect your credit score for the next 7 years while filing for a bankruptcy will take your credit score 7-10 years before recovering depending on the type filed. No matter how desperate I got to be free from bad debt, this was NEVER an option for me. And in all honesty, it should never be an option for you, if you can help it. Friend, this will go directly against your goal of having a great credit score. That is what you ultimately want right?
• Seek help from experts:
As I stated earlier, there is always a manual, as well as an automated way to do things. There are many reputable companies that will be able to provide you with additional help in repairing your credit. This makes the process much easier. At this point, you will need all the help you can get. So seek a good company out and see what they can do for you. Also, when seeking help, always remember that you are protected by the Credit Repair Organizations Act.
In my case, I was doing a great job paying down my debt, but I frankly needed some help. Like I said, I had over 40 open collections accounts on my credit report. Embarrassing but true. But I was lucky enough to get connected with a team of experts who got the other half of those c0llection accounts dropped. The beauty of it was that it was pretty much on autopilot. I just gave them permission to work through the items on my credit report, and they took it from there.
How they got these accounts dropped from my report:
Before I go into this, let me just kill a misnomer about the popular tactic of disputing items. Most people will tell you that if you have an item on your credit report that shouldn’t be there, to dispute it. However, as someone who has done this, I will tell you it’s not that cut and dry. If you legitimately owe that debt, disputing it can be futile a majority of the time. This is because when you dispute an item on your report, you have to provide a reason. And a legitimate reason at that. There are some loopholes that you can base your disputes on that could work, but for the most part, they will not apply to the majority of your debt.
A seasoned credit repair service has proprietary techniques that examine loopholes that we haven’t even thought of. Some of these I’ve learned from experience. Others are simply that, proprietary. Meaning if everybody knew about it there would be no need for a credit repair service 🙂 What this repair service did was successfully remove close to half of the remaining items that were on my report. And this was done using dispute techniques from collections statues that these agencies have violated. The best part is that it was pretty much automated. I would be lying if I said I didn’t need the extra help. Either way, I want you to understand that credit and debt repair is achievable folks. You can go at it yourself, get a team to assist, or a combination of the two.
Education is key:
No matter which route you decide to take, keep in mind that your own personal education is never a bad thing. Especially when dealing with your credit report. It’s important to take personal ownership of your situation and get the knowledge that will get you out of the problem. Lots of people get what I call “scattered information”. This means that they get a little advice here, another tip there, and end up confused by all the contradiction. You want to get your information from one place, and preferably one source.
Once you have access to the information you need, remember, implementation is key. Think about it, what good would it be if you have the know-how but not the want-to? You have to be so dissatisfied with your situation that it moves you to take action.
Remember, the only way you’ll be able to rid yourself of the credit card debt that you have right now is to take proactive action against it as early on as possible. As mentioned, there are many ways that you will be able to do this properly and the tips mentioned above are just a few of them.
If you’d like the kind of up to date solution that has worked for me and so many people who need credit and debt repair, you can access this free guide below. This is the same guide I used from the credit service team that was working to fix my credit. It covers:
- Getting and Understanding your credit reports & scores
- Real “how-to” for improving your credit (these are the very tactics the best credit repair firms in the country use)
- Powerful action plans
To Better Credit!