Debt Help Services

Posts Tagged ‘busters’

Question: Improving my credit any suggestions?

I am enrolled in a debt management plan and have about a year to go ~ I check my credit score and it’s at 586 (OUCH but it was expected) The problem here is that I ran into some financially difficult years ago and paying for it big time I had late payments (never more than 30 days) anyway I was looking into a secured credit card and wanted opinions on if I should get one now while in the program or wait until I’m finished ~ I want to get back to rebuilding my credit which is why I was looking into the secured credit card option.

Also
How long does it take for a credit score to go up after paying a credit card in full

Answer: You should definitely open a secured account. This is one of the best ways to rebuild your credit since your score is not terrible. Just make sure that the company your after doesn't report the account as being secured. An account that is reported as secured seems to not carry as much weight since there is little risk to the lender.

Also look at this article from ezine. This is a great site full of good info for free and this author knows a lot about this subject! I'd look at all his articles too.

Don't let budget pitfalls trip you in 2010

NEW YORK -- Do you keep track of your ATM withdrawals? Do you know what you spent on car repairs last year? Did you set aside cash for holiday spending?

Credit Card Debt Consolidation: Choosing The Right Plan