debt consolidation

Hi Gary Merrill

Welcome to the forums. You can take the advantage of consolidating all your debts into monthly easy installments at lower rate of interest. Doing this, all your debts will be paid to your creditors and hence help in improving your credit rating. Please have a look at the benefits of the debt consolidation program which makes this program common among the consumers.

http://www.debtconsolidationcare.com/benefits.html

Following are some of the tips that repair the bad credit problems in your credit report.

• Taking the first step, it is necessary to pay all the bills on time to have a good credit standing. A payment that is 30 days late or more makes a bad impact on the credit rating of an individual.
  
  
• In order to retain the good credit standing, carrying less number of cards will be beneficial for an individual. Request your creditors to close all the extra accounts and inform the three bureaus of this change of status.
  
  
• The most decisive factor that evaluates the credit worthiness of an individual is to avoid bankruptcies of tax liens. A bankruptcy can stay in the credit report for as long as 10 years. Collection accounts and paid tax liens stay for as long as seven years and an unpaid tax lien will hurt your forever.
  
  
• One of the other factors that help in retaining the credit worthiness of an individual is to lower the amount of available credit. You can request your creditors to reduce the amount of available credit even if you don't owe anything.
  
  
• A joint account will be helpful in re-establishing the credit. However, it is necessary to make the payments on time.
  
  
• You can keep sufficient amount of money in your account to make your payments on time. It will make your credit card secured and hence help in maintaining good credit.
  
  
• Please get your credit report from all the three bureaus and see if the report is free from any errors.