[ budget ] [ consolidate ] [ counseling ]
Bo's fix credit
help blog keywords:
negotiate debt
Self help debt
budgeting
Reduction where I contact
creditors, manage loans and develop a home debt reduction budget.
When I go the self help debt route I rely on my self will and ability
to make sound debt reducing decisions and budget my spending and
payments habits in different or opposite ways than I have in the past.
My credit gets usually gets better faster with these tough be doable
new credit and payment debt habits. Over time everyone has to get this
option down pat.
Debt counseling and debt management
When I use a debt counseling company or debt reduction program set up
by a non profit or a for profit debt consolidation or reduction company
the same basic debt actions are taken. First the company will contact
all my creditors and negotiate a lower balance for me to pay. Then the
debt counseling company will total the negotiated bills and I will pay
an overall lower monthly payment.
My negotiated files will show negative (in credit counseling or
settlement accepted) at first, but my credit will get better in 1 - 2
years and if I can keep up the good work and I don't borrow more money
that I cannot pay. This is a primary option for people who has suffered
loss a loss of Job, Medical emergencies or some other form or financial
tragedy.
Debt consolidation
Use a second mortgage or home equity loan or
equity line of credit.
Second mortgages and home equity lines of credit are one of the
favorite ways to consolidate debt problems if I my home, have enough
equity my house and have a good enough current credit record to qualify
and get approved.
This option is dangerous because I have now put my home up as
collateral for debt that was previously unsecured. This option is
attractive and sometime good because one can deduct interest and lower
payments without disrupting good credit.
These are the best credit help offers I can find that I
trust and use.
Get
all 3 totally free credit reports and scores
I use this one. Best offer for
quick comprehensive credit checks.
Unlimited
3
bureau credit reports & 3 scores for 14.95 per month
The best for fixing credit, monitoring for fraud, and ID theft over a
period of time.
Raise
my credit score with new current lines of credit totally free
I must have at least 3 open rated lines of credit. These cards
report to bureaus.
Hire a Lawyer to do all the
work
Knee
deep in debt solutions
[ budget ] [ consolidate ] [ counseling ]
