Credit Repair Magic Helps Fix Your Credit Rating!

I’d like to take this time to thank you for checking out my site dedicated to fixing my credit rating as well as your own! I really was so impressed with what this program had to offer, that I created this web site to tell the world about it! I know it seems hard to believe, but getting your credit score up is easy when you have the knowledge from the tools and the steps to follow. I hope you take the time to check out “Credit Repair Magic“!

When I was growing up, my father left for work at 4:30am and didn’t get home until 3:00pm. He worked for 40 years at the same place! I have to give him a lot of credit (no pun intended) for that. He never complained about anything. I remember him always preaching to me to “be a man of my word, DO what you say your going to do,Do it right the first time!

Get there early, work hard, stay late, go the extra mile to help someone else and you will be rewarded for your actions! ” That was great advise but, the only problem with all his preaching was the fact that we never discussed that matter of handling my finances. My family just didn’t talk about money. I think it’s because both of my parents grew up around the time of the great depression.

So they both grew up not having a lot of anything. Any money they did have, I guess they felt like they had to keep it a secret. ” for whatever amount of credit line and I’d say hey cool! “They say” I can afford this so it must be true! ’s a crock of you know what! When the dust settled from my burning a path to the electronics superstores, the auto parts supply store’s and of course the music store’s for all the latest albums(yes, I said albums).

I was in SERIOUS Trouble, I was Thousands of dollars in debt with no clue as to how I was going to pay for all this CREDIT that “they said” I could afford . What they wanted, of course you know, was a payment., “any payment sir, the best thing for you to do is just keep paying us! Then the threatening phone calls and letters from all of the creditors began.

What could I do, “Well lets see this credit card company say’s I can use their checks to pay off these other credit card companies and then I can get this other credit card to do the same for the first credit card company! I had been searching for years for ” a way out” of the madness of a poor credit score rating. Having been turned down for the simplest of things was heartbreaking and at the very least very frustrating. Thank you so much for reading this. I hope it helps. Whether you click on any of the links to this great program or not. Please don’t give up.

It is recommended that you buy a good self credit fixing kit or book. There are many good ones available on line that will provide you with everything you need to complete the task. You will then need to get a copy of your credit report to see why your scores are low. Make notes as to what accounts are negative, incorrect or are older then seven years. Next write formal dispute letters to the credit reporting agencies using the credit dispute letter templates in your DIY kit.

How Many Credit Cards Should I Have, “How many credit cards should I have, ” is asked so often. The short answer is, it depends. The long answer involves many factors that revolve around your current credit score and also your credit grade. But, where most people may tell you “it depends” and leave it at that, you will walk away from this post with an answer that suits you.

So, we will tackle this from two sides. The first: “how many credit cards should I have” - just starting out. The second: “how many credit cards should I have” - to improve my credit score. Additionally, let’s take a look at the factors that help you decide how many credit cards you should have.

Average age of open credit lines. If you’re just starting out, you are looking to establish a good base and are just beginning your debt repayment history. You don’t want to NOT use credit cards, but you don’t want to overuse them either. Let’s look at each one of the factors for someone who is just starting out. Types of credit used: Variety helps you boost your credit score. Lenders want to see you use multiple types of credit to establish yourself as a reputable borrower.

When first starting out, a good best practice is to open a credit card with your bank / credit union, 1 or 2 store credit cards, and you typically have an auto loan at this point. New credit: This is a mostly N/A situation. You are just establishing yourself, therefore you would want to open a few credit cards to begin this process. Average age of open credit lines: Another N/A as you are just starting out, do not factor this into your decision. Total accounts: This ties into types of credit used.

Lenders like to see variety on your debt repayment history. You do not want to burden yourself with too many accounts, having an overabundance of store credit cards, a car loan, a student loan, and a few reward credit cards is too much. You should only open credit cards you will use. Student Loans (if applicable). Types of credit used: As mentioned above, variety is your friend.

If you only have one single credit card, along with perhaps an auto loan, a student loan, and maybe a mortgage, you would want to consider opening a store credit card. New credit: New credit is good and bad. It is good in that you can prove you can get lenders to take on your risk of lending to you, but bad in that it can decrease the average age of open credit lines below.