Fight Back And Turn Poor Credit Into Great CreditBy Debbie Wilson
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Credit information, whether good or bad, remains on your credit report for a period of seven years. So, it makes good sense to know what's on your credit report, especially if you're considering applying for a mortgage or a new home loan.
When Good Credit Goes BadBefore you insist that you've never once made a late payment or that your credit history is unremarkable, keep in mind that errors do happen. That said, errors in credit reports can actually be quite common. Think for a moment about mail containing misspelled names or addresses. Then, imagine the possibility for errors in a credit report, a document that actually contains much more pertinent personal information about yourself (social security number, drivers license, income, loan and bank account numbers). By reviewing your credit report often, you can reduce or eliminate these costly errors.
Steps To Maintaining Good CreditTo reduce your chances of encountering an unwelcome credit surprise, consider the following helpful hints:
When Bad Credit Really Is Bad CreditIf you are applying for a new home loan, but already know you have blemishes on your credit report, don't give up. There are organizations that can help solve your credit problems and get you back on track. By developing a budget, consolidating expenses, and preparing a plan for the future, you can apply for that mortgage and obtain the new home loan you've always dreamed of. All it takes is a little discipline, perseverance, and a solid financial game plan. Look for an advisor or organization in your area and turn your poor credit into great credit today!
National Foundation for Consumer Credit
About the Author
Debbie Wilson owns and operates a lakeside resort. Her previous experience includes profitability consulting for a national healthcare company. Debbie holds a B.A. in Business Management.
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