How to Choose Credit Cards and Credit Repair Company?

Author: Groshan Fabiola

If you have or can collect accurate information about choosing a credit card, it will save you money on interest and fees. Choosing a credit card with features that match your needs is the main criteria to consider while you are checking out credit card options.

It’s very important that you understand the features of credit cards you are going to buy. You should also compare credit card features vis a vis it’s cost, it is also very crucial that you know what your rights are as you are use your credit card, and last but not the least, you should know who will address your problems and how promptly and professionally are you being attended to.

You should also have knowledge about things like How to use credit card, how to calculate APR – (The Annual Percentage Rate or APR is about the interest rate you pay if you carry over a balance, withdraw cash advance, or if you happen to transfer balance from one card to another.), what is the fee, how much is grace period, what is it’s credit limit, Does the credit card you are choosing have any incentive schemes running, what would you do about billing errors, who will resolve issues in case you have any, what to do when the thing you bought off credit card is found to be damaged etc.

If you get yourself answers to the above questions before finalizing a credit card, you won’t regret it.

Same rule applies before choosing credit Repair Company. Make sure you use as much caution against choosing your credit repair company, as you’d use before choosing Credit Card Company.

We come across many advertisements everyday making unrealistic claims to help you sort out the credit card mess. The best favor that you can do yourself at such times is to not believe these claims. Because nothing but time, a conscious effort, and a well chalked out personal debt repayment plan will improve your credit report and nothing else can or will. The truth is, credit repair companies can’t deliver. After shelling out hundreds or sometimes, even thousands of dollars’ fees, these companies can do nothing to improve your credit report. And then they do their famous vanishing act leaving you in the lurch.

Do you know that no one can legally remove accurate and timely negative information from a credit report? Do you know that everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost?

Learn to judge a credit repair company before hiring one. Credit repair companies that demand service charges before providing any services are not genuine people to deal with. If a company doesn’t not disclose your legal rights and the fact that it is possible to do it yourself is not the right company to choose. If the credit repair company says that you can’t contact Credit Card Company directly then they are hiding an important truth from you and shouldn’t be trusted. If you find the credit repair company advising you to adopt unfair means then it’s best to drop such a credit repair company.

If you keep these few points in mind and get your hands on the right information you will save yourself stress, money, and a good amount of time. Be well informed before taking the plunge. Credit cards are a potential danger. Credit repair companies are everywhere and most of them are scams. So find your own ways of finding the truth. Genuine truth. So that when you get yourself a credit card you can enjoy the conveniences it offers. And where credit repair is concerned, may you never get into a situation as bad as that!

Repair Your Bad Credit by Jason Kay

Do you suffer from a bad credit score? Have you missed so many bill payments you think getting a good interest rate on a line of credit is impossible? Well, there's good news! It's not impossible to rebuild your credit, even if you have filed bankruptcy! The bad news is, there isn't a quick fix. It takes A LOT of time to build credit.
Credit is your financial trustworthiness. As with any form of trust, it takes years to build and only seconds to ruin it. So if you do have to rebuild your credit score, what steps are you going to have to take?
Don't fall for a quick fix scam! You see these type of ads all the time. "Credit Problems? We Can Erase Your Bad Credit History Fast!" Save your money. For the most part, these are scams. The people offering these programs will charge you hundreds or even thousands of dollars for a service they can't provide. Most will take off with your money and you'll never see them again. If you really do need help from a knowledgeable professional, find a reputable financial advisor. You will get your money's worth from a licensed professional.
No more late payments. Late bill payments on anything from home mortgages to utility payments will mar your record even more. Paying every bill when it's due may not help your credit score improve, but it will make sure it doesn't fall any further.
Pay off debts to increase your income to debt ratio. The lower your debt to income ratio is, the less trustworthy you appear to creditors. When you pay off debt, that ratio increases, improving your report and score.
Start by paying off credit cards near their max limit. Credit cards tend to have a higher interest rate than any other line of credit. Here's a quick fix you can use - move cards with low maximum limits to cards with higher maximum limits or lower interest rates. That way you have fewer cards near the max limit and fewer payments to make each month. After your credit card debts are reduced, begin paying more on home mortgages and vehicle loans. The more you own in your financial assets, the better.
Maintain 2 to 6 Credit Cards. Credit cards can show you are financially trustworthy. As long as you don't max them out and pay them off every month, they will slowly help your report improve.
Try to spend no more than 30% of your maximum credit limit. Any higher shows you may be relying on credit too much. Make sure you live within your means. Pay off the entire balance each month. That being said, too many cards will flash red flags to creditors. Even if you do keep them all paid off, more than 5 or 6 cards may make it appear that you rely too much on credit. If you must get rid of some credit cards, discard the newest ones. Older cards have more history, and more history is always a good thing.
Find someone willing to co-sign. But what if you need a good loan now even though you have bad credit? Co-sign on a loan with somebody who has good credit. This serves two purposes...
1. It saves you money by having a lower interest rate
2. Another line of credit that you pay every month will help your score increase
Give it time. It can take 7 or more years for a blemish to disappear from your report. Some blemishes may never disappear, but by demonstrating financial responsibility and following the steps listed above, you will eventually override your bad cr