Repair Bad Credit Yourself

In March 2005, the U.S. financial services industry succeeded in hammering the first nail in their plan to overhaul the nation's bankruptcy system. Repairing bad credit yourself will be more necessary than ever. After contributing millions of dollars to elect Republican candidates sympathetic to their big money interests, banks, credit unions, credit card companies and major retailers have succeeded in making it more difficult to file for bankruptcy relief. About half of those filing do so due to medical catastrophe. You can still get help and repair bad credit yourself.

If you need to repair bad credit yourself begin by assessing your current credit situation. Request a copy of your credit report, also known as your FICO report, then read through it without getting upset. Don't let the information you find make you feel bad. It is common that up to 50% of the information on your credit report is likely to be wrong or misrepresentative of your present credit situation. When you learn how to repair bad credit yourself you'll find out how the credit industry works and you'll raise your current credit score.

More to the point, when you learn how to repair bad credit yourself you will avoid getting caught in credit traps that the credit card companies purposely set. Discover what you need to know in order to repair bad credit yourself. Find out what the banks, credit unions, and big corporate retailers don't want you to know.

Who else gains from bankruptcy reform? Who doesn't mind that you don't know how to repair bad credit yourself? Car makers and car dealers, such as the Ford Motor Co., General Motors, and DaimlerChrysler. These automakers spent years and millions pressuring legislators for bankruptcy reform. They did not like the way auto loans were handled when an individual filed for bankruptcy. Repair bad credit yourself and watch your credit score rise so that you can qualify for an auto loan.

Others who lobbied heavily for reform were the entertainment industry, gaming interests and prime lenders such as MBNA Corporation and American Express Company. These companies contributed millions and spent several years stacking the political odds in favor of bankruptcy reform. Repair bad credit yourself and don't weep for the big corporations. MBNA Corp. and American Express Co. will be among the top beneficiaries of bankruptcy reform.

The new bankruptcy reform laws will require most filers to get credit counseling and lessons on how to improve their financial management skills. Repair bad credit yourself and improve your FICO score within weeks. Keep your credit score healthy and repair bad credit yourself before you ever need to consider seeking bankruptcy relief.

Citizen advocate Suzanne Arthur highly recommends checking out the blog, Repair Bad Credit Newslog. Go to http://radio.weblogs.com/0142485/categories/ badCreditRepairNewslog/ for further information on how to avoid credit card company traps and to repair your credit scores.

---

Christian Debt Consolidation ? Feel Comfortable About Managing Your Debt

Many Christians feel uncomfortable with the notion of being in... Read More

What is Debt Settlement?

Debt settlement is the process of negotiating with your creditors... Read More

Debt Elimination Is The Key to Financial Freedom

If you want financial freedom, the first thing that you... Read More

Personal Debt Reduction Practices

Personal debt reduction practices, the steps people take to relieve... Read More

Credit Card Debt Elimination

Credit card debt elimination can be done with a good... Read More

New Bankruptcy Law ? Targeting the Wrong People?

Last April, President Bush enthusiastically signed into law the oddly-named... Read More

Creating A Realistic Budget

Budgeting -- ooh, what a scary word! If you want... Read More

Going Bankrupt in the World

It all starts by defaulting on an obligation: Money owed... Read More

A Debt Elimination Process Must Be Initiated From You.

The first and maybe most important step in a debt... Read More

Questions to Ask a Credit Counseling Service about Debt Relief

Debt relief is a topic on a lot of consumers'... Read More

Assess Your Financial Attitude and Eliminate Your Debt Forever

Want to know if your attitude towards your finances is... Read More

Bankruptcy: Which Chapter Do I File?

There is more than one kind of bankruptcy. You should... Read More

The New Bankruptcy Law -- How Will It Affect Debt Negotiation?

In April 2005, Congress made sweeping changes in U.S. bankruptcy... Read More

5 Ways to Get Out of Debt

It has been said that everyday more and more people... Read More

Debt Elimination 3

Planning To Achieve Debt EliminationOnce you have started the process... Read More

Is It Possible to Be Sued For My Debts?

It is possible for creditors and third-party collection agencies to... Read More

How to Protect Yourself: Debt Collections

So you are getting collection calls? You're desk is full... Read More

Bouncing Back from a CCJ

Should you be unfortunate enough to face a CCJ ?... Read More

Debt Management Systems

What is a debt management system, and when do you... Read More

Debt Collectors; And what you can do to Get Them Out of your Life

FTC opinion letter on validation Section 809(a) of the FDCPA,... Read More

Purchase Your Future Now While It Is Still Inexpensive

Leaving school, getting a new job, or even a raise... Read More

Life on a Debt Management Program

Signing up for a debt management program is easy; it's... Read More

IVA Advice

An IVA (individual voluntary arrangement) is an alternative to bankruptcy... Read More

Debt Recovery Can be Easy

OK, so you are up to your head in debt.... Read More

Life After Debt ? Strategies for Dealing with Problem Debt

Honorably and ethically rid yourself of burdensome debts using the... Read More

Five Hot Tips To Get Out Of Debt Forever

The financial and psychological burden of being in debt causes... Read More

Are You Beating Up On Yourself About Debt?

When you hear the word "debt", whats the first thought... Read More

Bankruptcy Interest Increases as Deadline Approaches

Congress recently passed sweeping legislation that will significantly reform American... Read More

Do It Yourself Debt Relief

With mounting bills and unforeseen hardships, you may be considering... Read More

5 Options Toward Debt Relief

If you are in debt, well over your head in... Read More

Debt Problems? You Can Negotiate With Your Creditors

It is always possible to negotiate with creditors ? even... Read More

Selecting A Credit Counselor; Asking The Right Questions.

When you find yourself thinking about using a credit counseling... Read More

Eliminate Your Credit Card Debt, But How?

Can a debt consolidation loan eliminate your credit card debt?... Read More