ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
22.08.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Bad Credit - Some Solutions To Your History

Author: Joseph Kenny Author Ranking Gold Featured Author | Posted: 28-06-2006 | Comments: 0 | Views: 170 | Rating:  (50) Article Popularity - Green (?) Got a Question? Ask.
Sign Up Now!

So, you've established the reasons for your poor credit rating. Now how can you go about fixing the problem?

Correcting Any Mistakes

If you disagree with the facts that the credit reference agency has on your file, you can dispute them. If the information is inaccurate, your record can be amended. The agency can't change things just because you aren't happy about it.

Re-applying

Be wary of making too many applications if you've been recently turned down for credit - every refusal will show on your record and count as another black mark against you. A better approach is to re-assess your finances, make a plan to tackle your debts, and apply again in a few months time.

Credit Repair Companies

There are companies who claim to be able to remove information from your credit file. Other than correcting inaccurate information, which you can do yourself, this not possible.

Debt Solutions

There are plenty of organisations to help you get a handle on your finances and manage debts. If the problem is out of hand, borrowing more money is not likely to be the best solution. You need to take advice from an independent, trustworthy source, such as a Citizen's Advice Bureau or the National Debtline. (The Debtline has separate pages for England & Wales and Scotland, as the law differs between the countries.) They provide a helpline, as well as fact sheets on how to deal with debt problems and getting your personal finances back on track.

Budgeting Your Finances

Often the first solution to managing your debt is to make a budget, listing all your debts and debtors. You should prioritise, and aim to pay off either the most important debts, like rent or bills, or the ones with the highest interest rates, such as credit cards with high APRs. If there are debts that you can't afford to pay right now, you should contact your creditors and explain the situation. If you offer to make small, regular payments over a period of time they might be willing to be more flexible.

Should You Consolidate Debts?

If you have a number of debts on which the interest is high, it might be a good idea to consolidate these. Arrange an appointment with your bank manager and discuss converting credit cards and overdrafts into a loan. You may get a lower interest rate, and it will simplify your monthly repayments while reducing the overall amount you owe with every instalment.

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Source: http://www.articlesbase.com/non-fiction-articles/bad-credit-some-solutions-to-your-history-38023.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:
Joe Kenny writes for the Credit Card Guide, offering views on credit cards in the UK, visit them today for some great 0% balance transfer offers and start clearing credit card debt today.
Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Bad Credit Rating - Getting Out The Mess
By: Joseph Kenny | 18/06/2006 | Finance
It sounds like a terrible diagnosis - you've got a poor, bad or adverse credit score - as far as a mortgage goes, surely now nobody would touch you with a bargepole?

Bad Credit - Some Solutions
By: Joseph Kenny | 19/06/2006 | Finance
It sounds like a terrible diagnosis - you've got a poor, bad or adverse credit score - as far as a mortgage goes, surely now nobody would touch you with a bargepole?

Sub Prime Lenders - Get A Mortgage With Bad Credit
By: Joseph Kenny | 19/06/2006 | Finance
Even if you have a bad credit rating, you may be pleasantly surprised to know that there is a whole sector catering specifically for you. There are brokers who specialise in clients with adverse credit, and can help you find a mortgage deal.

UK Mortgages - Need To Know Information
By: Joseph Kenny | 19/06/2006 | Finance
Whatever stage of the mortgage game you're at, unless you happen to be a qualified financial advisor, solicitor and broker all rolled into one, you'll need professional help to find and arrange your loan.

What Are Bad Credit Mortgages
By: Joseph Kenny | 25/04/2006 | Mortgage
The primary difference between a bad credit mortgage and a normal mortgage is that a bad credit mortgage is typically given to people who have a history of bad credit. Many people end up with bad credit due to bankruptcy, not making loan payments, or other issues.

What Loan Options Are Available To Those With Bad Credit?
By: Joseph Kenny | 20/03/2007 | Non-Fiction
When it comes time to look around for the money you need to buy that thing you want, whether it is a car, a vacation, electronics, or whatever, you do not need to restrict yourself just because of bad credit.

Do You Need A Personal Loan And Have Less Than Perfect Credit?
By: Joseph Kenny | 22/05/2007 | Non-Fiction
Many lenders are in serious competition with each other to be able to give you a loan. This means that it may be easier than it has been in the past to get a personal loan. Competitive pricing and interest rates may make it nearly an ideal time.

Bad Credit Loans: Do They Exist
By: Joseph Kenny | 07/08/2006 | Advice
Everyone worries about their credit. Your credit score is important because it can determine whether or not you will be able to obtain a loan, now or in the future.

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

What is the earliest year (A.D.) which people referred to as "this year"?
By: Dr. Dave | 19-11-2007
In the earliest days (A.D.), it is obvious (at least to me) that the people didn't refer to the year they were living in as "45", or "1", or such early numbers.  They probably still refererred to the date as in the reign of Nero, or some such.  When did people start referring to the year that they were living in in the current A.D. system?  I know that when Constatine established Christianity as the "official" religion, it was about 306 A.D.  When did the current numbering start--i.e., when did someone say "I'm living in the year 128" or whatever it was?

Stock exchange
By: ofzer | 19-11-2007
which stock will bring me the most profit

How many companies are there in the US ?
By: misha | 18-11-2007
how many companies are there in the US ?

Sites from ww2 in Berlin
By: yanivjac | 18-11-2007
what are the existed sites in berlin from   ww2 ?

What reparations did Germany pay to Israel after the Holocaust?
By: tul2007tul | 17-11-2007
what reparations did Germany pay to Israel after the Holocaust?

Anglo Indians living in India.
By: Questy | 15-11-2007
Anglo Indians living in India. I would like to do some research on Anglo Indians living in India. I will be visiting India during Dec 2007. If anyone has any contacts or is Anglo Indian and do not mind speaking to me , please contact me. Thank you.

Q&A Powered by:
Powered by Yedda 

Latest Non-Fiction Articles

Write a How to Book First to Sell Way More
By: Earma Brown | 21/08/2008
Did you know Americans alone spend $8.5 billion a year on how-to and self-help information products and services?

Don't Let Good Grammar Spoil Good Writing
By: Philip Yaffe | 19/08/2008
Good grammar is fundamental to good writing, right? Wrong. However, years of experience working with people who use English as a second or third language have demonstrated that focusing too much on grammar can actually be detrimental to good writing. It's a question of priorities.

Modern Helicopters-the Eh-101 Merlin
By: K. Crockett | 16/08/2008
AgustaWestland is a joint venture formed by Agusta of Italy, makers of the A-109, and Westland of Great Britain, makers of the Lynx. The EH-101 is a direct competitor to the Sikorsky S-92 and was developed for both military and civil roles.

Animals
By: shivani suraiya | 15/08/2008
All about animals. About their origin, their lifestyles and their habitats including some interesting facts on different subjets. mostly based on mammals overing all extinct mammals around the world and which are not very well known.

The Three Speech Writing SECRETS You MUST Know - The Definitive Speech Writing How to Guide
By: Stuart Brown | 15/08/2008
In this article I am going to explore several techniques as to how you can improve your speech writing abilities, and also how to approach writing a speech for certain different circumstances. Whether it be for a wedding, where perhaps you are the best man, or for an important business meeting where you really need to impress. And tell you the three secret ingredients every speech needs.

Writing Your Thoughts – the Carrot and Stick Strategy
By: Nick Sanders | 14/08/2008
When you are writing, having a strategy in mind is rather useful – especially when you are wanting your reader to commit to something or someone. You will want to lead the reader in the direction you intend to finish upon and don’t want to cause confusion and misdirection in your writing. Here are a few tips on the carrot and stick strategy of writing that is good to use in a time of need.

Science: Guaranteed to Curb Creative Thinking!
By: Natasha | 13/08/2008
In today's sci- fi world dominated by facts and figures, the essence of life and belief in God's miracles have been thrust aside as illogical and futile, nonetheless God NEVER fails to surprise us....

How to Develop Your Book’s Structure
By: Melinda Copp | 12/08/2008
A man came to me last week because he needed help writing his book. He told me that he’s had this project on his to-do list for years, but he just couldn’t seem to get started. He’s literally been staring at the task—start writing my book—almost every day, and when he came to me, he still hadn’t done it.

More from Joseph Kenny

What Type of Loan Do You Need?
By: Joseph Kenny | 19/06/2008 | Loans
If you have ever applied for a loan, then you probably are aware that there are different kinds of loans which are available at banks, credit unions, other financial institutions, or with private lenders.

Choosing The Right Life Insurance For You
By: Joseph Kenny | 17/06/2008 | Insurance
Here is an important question for you. Have you considered the type of life insurance policy you need? For many people throughout the country, the question of life insurance is one they have no answer. They haven't even considered it. It is not always about not having the money to purchase a policy.

Be Prepared When Applying For A Mortgage
By: Joseph Kenny | 16/06/2008 | Mortgage
It is true that most of the people in America do not have the finances to purchase a home and pay cash or the equivalent for it. The American dream is to own a home and the main objective is to obtain a mortgage for it. This is what the mortgage lenders know and most of them are willing to be of help in this endeavor.

Choosing The Right Credit Card Deal
By: Joseph Kenny | 16/06/2008 | Credit
When you are considering applying for a credit card you probably will have several offers available. The credit card companies will spend about a million dollars a year to send us their particular offers for credit. Trying to choose which one among them that is best for you can be a hard decision to make. Should you choose the first pre-approved offer and send in the application?

Dwindling Consumer Confidence Is Not Helping the Housing Market
By: Joseph Kenny | 16/06/2008 | Finance
e aggressive interest rate cuts by the Federal Government to maintain jobs and even a stimulus package sent out to assist with finances, consumer confidence is still lingering around its lowest level in close to two decades.

Choosing Between A Second Mortgage And A Home Equity Loan
By: Joseph Kenny | 16/06/2008 | Mortgage
There are some alternatives available to the homeowner who needs financial help but does not want to refinance their present mortgage. There are however, at least two main options if some sort of equity loan is desired. You can obtain an equity credit line or a second mortgage loan and there are specific advantages and disadvantages with each one.

Defining Credit Card Finance Charges
By: Joseph Kenny | 13/06/2008 | Credit
There are other fees associated with the use of a credit card besides the actual charge from each purchase. These other costs can add to the total balance on your account that you have to pay.

Eliminate Debts For A Better Personal Life
By: Joseph Kenny | 13/06/2008 | Finance
The elimination of personal debt is always a good idea; removing debt is always advantageous in many ways. It doesn't matter who you are wealthy and have huge debts, or who are regular person with a small amount of debt.

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below