There are multiple ways that we can build credit. If you are tired of collectors
hounding you, or if you are frustrated that no one will loan you money because
you never had credit, it is time to learn how to build your credit. First, and
foremost never purchase items you don't need. If you "want', don't let your
wants wear you down and get you deeper in debt. If you are searching to build
credit and have no history at all, insure you have your priorities in order.
Bad Credit Building Credit
If you have, bad credit get a DO-IT-YOURSELF-Kit and gets the balls rolling. You
can go to your public library and get books that will guide you through the
steps of repairing your credit. Most libraries allow you to copy and print forms
that you must fill out and then send to your credits.
There are systematic
guides at your local library that has the tools for instructor borrowers how to
write letters to creditors. Letters are probably better than phoning creditors,
since some creditors could care less about your situation and may threaten you.
Another good reason for writing letters is that (copy in writing) is more
valuable in a law court than a conversation on the phone. If something is said
or an agreement is reached and the creditor later denies his or her claims then
you can present this to any law court and they will listen to you first. Any
documents that pertain to your credit-history should be stored in a safe area.
If you send letters to your creditors keep a copy of each letter sent and store
it in a safe area. If you notice any errors on your bills or credit, reports
insure that you contact the appropriate professionals and dispute the charges
If you have credit-cards and used the card to purchase an item or
use a service and this person sold you a defected item or else provided bad
service, you DO NOT have to make payment toward the charges. You do however have
to dispute the charges with the services or stores that sold you the product or
service. If the sources refuse to give you an item usable, or else reimburse you
for a service or product you have the right to deny payment. As soon as you have
disputed the charges with the sources you will then contact your card provider
and let them know what occurred. If you are lucky enough to have a credit-card
with bad credit, use the card to repay your debts and then meet the monthly
instalments on the credit-card each month. Ironically, you are getting out of
debt while going in debt deeper. It is a solution when all else false.
words, if you use the card to pay your debts each month and then payoff your
credit-cards the following month and then turnaround and uses the card to pay
that month bills....
Now you see where I am going. Credit cards have interest rates so the bills each
month on the card will increase.