Tip #25: If you have bad credit, establish better credit by taking out credit and repaying it quickly
If you have terrible credit following a bankruptcy or other major financial upheaval, you may need to get back into a good credit rating by taking out a loan you can handle. Make an appointment to see your bank or bad credit lender a few months or years after the problem in question and arrange for a small loan.
You should have enough savings to pay for the loan before you do this. Pay back the loan quickly. It will not hugely boost your credit score but it will show lenders that you are having an easier time paying your bills. Taking out a small loan you can repay is part of the slow process of reestablishing good credit following a big financial problem. Visit http://www.credithelp21.com/
If you are looking for mortgage financing or need to use a free financial calculator go to www.questgroup-usa.com
So many myths surround credit and credit scores, no wonder so many are confused. For this reason I have started this blog for accurate information for everyone to understand their credit, scores and how to bring them up or keep them up. All questions and input welcomed. If you post it make sure its fact not fiction.
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