Credit Finance Solution

Well the title post is kind of popular recently. Everybody wants to get out of debt. So the first thing is to know what the situation you are in.  For me, home mortgage loan or car loan is not include as a debt story.  For me, home mortgage loan and car loan are something that is well planned and it can turn to be big investment in the long run especially in buying home or land. What I consider as a debt story is something out of financial planning. Debt is something worst than having loan and as usual like credit card debt.

Oh I hate to say this. Yes I have credit card debt. I feel really really bad for having this problem. When you read articles cross the internet that people having credit cards debts have more stress then it’s true. Things with credit card debt is it’s not going to be lower every month. Why I said that because if you just make the minimum payment, the credit card issuer will charge you interest (now mine is 17% )base on your card balance. The percentage is getting higher compare to last year. Last year they only charge about 5%. So, even if I pay the minimum payout,you can calculate; the debt will never end. So this is the worst thing if you trap in credit card debt. It was a mistake and I admit.

Why I can trap to this serious problem? Okay, at first I always paying cash when shopping. But I heard one of my friends had a GUESS watch, really nice guess watch after redeem points when using credit card. So, I’m thinking why not using credit card so I can get free branded items in the same time? But it’s getting easy when you use credit card to shop. I do. Just swipe that card and I’m done.  It starts when I pay late for the credit card bills and they started to charge the interest. Then I concentrate to pay on time. But as i said it’s seems so easy to pay using credit card and you don’t even realize that you are overspend. Then I started to pay just the minimum payment every month and that makes my payment seems never end.

Oh I hate citibank. They just increase my credit limit means “you can shop more”. How much did I owe citibank? Total is less then $10,000. I have to admit I have this much debt.

So, what I do? I took a little advice from friend to clear my debt using a personal loan. Yes, finally I can get out of that high interest every month. What I do is I go for personal loan which the interest is less and less payment every month. I’m still waiting for the loan application approval. It’s not done yet. May be it’s though to get loan during recession time but once it’s approve and I will have full settlement with my credit card debt.  No more debt. Debt free. I wish.

Previous Post On How To: Bad Credit Repair Secrets

Is having a bad credit is normal? It is never to late to find bad credit repair solution. It is a matter of time for you to learn on how to improve your credit score. Most of people who have bad credit is unfortunately trap from the credit card debt. It’s not from one credit card but can get worst up to .. maybe 4 or 5 credit cards debt. Actually the easiest thing to control your debt is a credit card. It is quite tricky in maintaining good credit if you don’t know why credit cards can revolve debt on you. But on this article I want to continue on bad credit repair solution regarding on negative listing reported by the creditor.

Perhaps in the previous post about bad credit repair secrets you may start challenging in negative listing reported in your credit report. Clearly now the agency credit will act to your request to verify the information on your credit report. Another way of bad credit repair secret is you can direct to the creditor and have the verification by paper not over the computer. Usually many creditors may get angry with this but when people who are requesting copy of verification in any ways they must comply. In this way, if the creditor doesn’t hold any verification paper, they must cancel their report submission to the credit agency. People also can use attorney to write all of the letters related to the credit agency and the creditors. Well, creditors are less possible to fool what required by law when authorized attorney gets involved in the procedure.

Even though it’s taking time to repair bad credit, on the way it is possible to improve the credit rating as well. And for this reason, seeking for bad credit repair secrets is definitely worth in the long run.

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Finding The Bad Credit Repair Secrets.

It is hard for so many people who are living in bad credit. People who are living in bad credit have to live average about 10 percent to 50 percent more in expenses compare to people who are living in good credit. For these people, they always look for quick bad credit repair solution.

Yet, this problem is not easy to overcome. For those who are paying attention about this condition, they can start thinking about problems that they are in. This will bring them on credit repair secrets and how to fix credit problems quickly and with just some little effort.

The bad credit repair secrets number one is to look at the credit report that have been negatively reported to the credit agency. You can start challenging these items to the credit agency. Then, the credit agency have to verify those information reported to them by themselves. The credit agency will directly confirm this to the creditor.

After the credit agency starts the verifying process, the creditor has 30 days to respond to the questioning. And if there is no any feedback from the creditor, the credit agency will remove the negative listing reported by them from the credit report. This may be done for every negative listing in the report.

Unfortunately lots of creditors will respond to the verification from the credit agency but this may help sometimes.  There are lots of “bad credit repair secrets” to eliminate your bad credit and perhaps you may start with this one  .