|In this article, I guarantee you'll discover something new or
interesting - a resource, a tip, an idea... something to help
you learn more about the topic.
How can I say this? Because having written many articles like
this one, I know just how much research and background
investigation into the subject goes into its creation.
Having good credit is almost a necessity on today's world. In
most cases, credit it essential to owning a car or home, and
with the proliferation of online shopping it's hard to be
without a credit card. Unfortunately, some people get into
trouble with their credit. They miss some minimum payments on
their credit card, or let a loan go into default. When this
happens the creditor will report it a credit reporting agency,
who will add it to your credit history. Once your credit history
is blemished, it can be difficult to repair: most things will
stay on your credit history for 7 years before they are removed.
Once you're in a situation where you have a bad credit history,
you'll find yourself dealing with many previously unknown
problems: you won't be able to rent cars or purchase things
online; landlords will hesitate to rent property to you; a
mortgage may be difficult or impossible to get. This is why it's
important to engage in credit repair as soon as possible: you
can do wonders for your credit repair by taking proactive an
One of the best things you can do if you've fallen behind on
payments is to contact your creditor. Many people, alas, take
the opposite approach: they feel a sense of embarrassment or
shame and avoid calls and contact with their creditors. This
type of behavior is shortsighted and will result in long term
The best thing you can do in terms of credit repair is to
contact your creditor as soon as you run into trouble with a
debt. Remember that the key to credit repair lies in your credit
history report, and the report depends on whether or not your
creditor reports you to the credit reporting agency. In most
cases your creditor will be open to discussing alternate payment
plans and solutions. Keep in mind that it is not in the
creditor's interest to push you away, as that could mean they
get no payment at all. Instead, the creditor is likely to be
open to discussing terms.
As you've read until now, this is a subject that needs knowledge
and effort to work around. And the information in this article
is gathered from several resources created by experts in the
There are some more gems of wisdom in what follows - keep
For these reasons you should always contact your creditor to
ensure faster credit repair. Once you contact them, propose a
payment system that is realistic both for you and the creditor.
It is absolutely essential that you propose a payment plan you
can stick to, and that you stick to it. The absolute worst thing
you can do is default on these payments - if you do so it will
seem like you were simply stalling to avoid payment from the
creditor's points of view.
In general, when contacting your creditors in regards to
outstanding debts, remember that their decision as to whether to
report your non-payment to the credit report agency will affect
you greatly, and it is in your interest to do everything in your
power to convince the creditor not to do this. By contacting
your creditor early and proposing a realistic payment system,
you take one of the most effective steps possible towards credit
Many visitors finish reading this article, and they'll write
asking: "You must have worked long and hard to create this
wonderful article! Why did you do it?"
Our reply: "It's a shame for you not to know everything about
the topic when others do it so easily" I hope you agree!
Free Credit Repair
About the author:
James Mahony is the founder of Free Credit Repair
Guide - A Guide Free Guide to Credit Repair and Credit Card
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