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Building Credit Ideas
There are several ways that we can build credit. If you are
tired of collectors hounding you, or if you are frustrated that
no one will loan you money because you never had credit, it is
time to learn how to build your credit. First, and...
Credit Building Strategies
IF you are attempting to build your credit there are many
strategies we can look at to help you get started. If you have
no credit, bad credit or good credit, building credit is
important since regardless of your situation, you do not want to
go...
Credit Report – How to Improve Your Credit Score
One of the great mysteries of life is how the three major credit bureaus (Experian, Equifax, and Trans Union) score credit. They all have secret statistical formulas for determining your credit score, but they are unwilling to divulge exactly what,...
Kill OFf Your Evil Credit Cards with a Home Equity Line of Credit.
Ok, tired of those ridiculous credit card statements? Time to refinance! If you own a home chances are your bank will help you out with your bills...and at rates that at a fraction of what your existing credit card rate. If you are paying the...
Super Balance Transfer Credit Cards
Credit cards are a great way to spend money that you do not have and we all know that so it is nothing new to us. A credit card is a spending tool that many of us would feel as if we had had a limb cut off if we could no longer have one, would also...
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Understanding the Process of Credit Counseling
Many of us have seen the advertisements on television. "Get out of debt fast!" "We can solve all your credit problems with only one call!" These sound really great but you know that, realistically, one call is not going to solve your credit problems. If it were so fast and easy to get out of debt the credit card companies and these agencies advertising on television would be out of business very soon. Credit counselors can help you to understand your credit problems and to devise a plan to help you to manage your debt.
They do this by providing services to you for a fee or for free if it is a non-profit organization. Some agencies will provide a free debt analysis to determine the best way in which they can service your needs. The following is a guide to help you understand how credit counseling works and if credit counseling is right for you.
The first step you should take is to decide if you do have a debt problem. For some it may be obvious, but for others they may not recognize the problem until they are faced with a collection agency. If you are only making minimum payments on your credit cards, or taking cash advances to pay bills, then you may need to seek advise from a credit counselor.
When you contact a credit-counseling
agency, ask questions. Ask about the company and what programs they offer. Contact the Better Business Bureau to find out the facts about their history. Make sure to ask about all fees and charges; you are trying to get out of debt, not obtain more!
After you have chosen a credit counseling agency usually they will take a look expenses, income and debts. Most require you to participate in a debt management seminar, some longer than others to educate yourself about money management and budgeting as well as information on credit and finances. Some agencies charge a fee to attend the class, for others it is free.
You should know that even while you are seeking credit counseling, the company in which you owe money could continue to try and collect by any means necessary. However, most credit companies will see that you are trying to get your debt under control and work with you to solve your debt problems without bankruptcy.
About the Author
Timothy Gorman is a successful webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and free debt consolidation information that you can research in your pajamas on his website.
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