Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

How to Clean Up Your Past Bad Debt Management Mistakes!

If you have made some bad debt management mistakes in the past or have made mistakes on a debt consolidation loan, or whatever it might be, you may not realize how much those debt management mistakes can affect your future. However, if you go and try and find a reasonable loan for a house or a home, you will discover right away just how much problems this can cause. So it is important that you try and repair these mistakes from the past.

The first thing you need to figure out is what is the extent of the past mistakes and you can do this by requesting a free copy of your credit report. It is your right to receive one free credit report on a yearly basis and one place you can get them from is from You'll be able to get a report from all three major credit bureaus simply by going online. Make sure that you look over each report carefully and see which areas of your history needs to be improved upon.

If you see that there are old medical bills still not paid or collection accounts, then you need to take care of these right away. If you don't pay things like medical bills or cell phone or even utilities, these things are going to leave negative marks against you on your credit report. You should call up these old creditors and tell them you would like to be able to pay the balance off. Then talk to the manager to see if they can then update your credit report for you after you have paid off the balance.

If you notice that you have some outstanding judgments against you, you will need to take care of these as well. Any kind of credit judgment is going to put a blemish on your credit score too. If you can't pay it off all at once you need to see if you can't arrange to make some sort of monthly payment until you have the judgment paid off. Once this is paid off you should ask the creditor to make sure to send in a letter to the courts to let them know that you have satisfied the judgment against you.

Once you have done these things and have tried to clean up your credit history as best you can it is important that you make sure to pay all of your credit cards and other bills continually on time. The better you take care of your current bills the better it will be on your credit report. In order to make sure the bills get paid on time either use online bill paying or send in your payment at least a week prior to the due date on the bill. This way you know the payment is going to get there on time.

If you happen to have a bankruptcy on file it's a good idea to try and fix your credit by applying for a secured credit card and then make all of your payments on time. You should get this kind of a card from a bank or your credit union. By getting one of these you will be able to eventually patch up the blemishes that the bankruptcy has put on your credit history.

Post has no comments.
Post a Comment

Captcha Image

introductory offers debt consolidation medical debt need money less money debt consolidation loans unsecured loan discounts mortgages account fees debt solution help with debt savings credit report credit card companies debt collectors cash paying out debt negotiate credit companies credit checks home equity loans credit card debt back support insurance new job credit become free allowance trusted friends overspending household items education interest rate help installment plans professional credit card company unexpected expenses payment frequency invest money high interest rate seperate accounts comfortable living charitable organisation payday loan control spending debt free regain control your rights court appearance monthly bill repay worksheet loss of income doctors good debt saving financial education fly-by-night ill health spending creditors tax info credit line payday loan companies house loan checking account paycheck info debt traps loan debt company modified payment plan loans budget investing monthly payments prioritizing money home equity credit company credit scores illness pay off debt restrict spending home debts job loss good credit rating managing debt injury filing bankruptcy younger children initial research purchases personal finance checks financial security check card cable bill car loan common debt traps pay off bill loan harassment debt relief debt problems live your life insurances school jobs budget sheet part time job finances utility payments lose your job medical bill overbearing bills building debts government assistance child spending take control of debt social services hobbies budget ideas bank accounts purchase protection tracking money sickness borrow money family assistance deb consolidation mortgage payments internet debt programs debt payment period loan companies implement a budget legal action paycheck overcharging down payment losing a job security spend money negotiation debt collector help chapter 7 medical bills live within means debt management advice order report loan agents budget categories save money asset info bills good budget taking responsibility credit history children saving debt settlement repay loans assets child support debt debt collection agency paying bills stop harassment bad debt management monthly payment specific budget categories management program ongoing bills great budget personal finances interest payments credit reports get out of debt receipt borrowing software family budget understanding teaching children finance rent payments child support credit bureaus repayment plans payment behavior cash card credit limit good credit record more income common debt debt management tips borrower groceries visualization monthly budget buying a house handling money lending companies credit card help credit rating credit cards management tips lending company total balance debt management mistakes bad financial decisions second job bank making payments account interest rebuild good credit savings account management advice income credit card learning experience installment plan debit card consumer lawyer original creditor unemployed credit repair short sale account charges telephone bills losing your job understanding home equity good credit credit accounts bankruptcy liability flat broke reduce debts credit score domestic support loan amount hospital bad debt past bad debt debt relief agency full details credit card traps honesty phone calls budgeting classify bills saving money unreasonable expectations whole family low interest own money interest rates cancer extra payments extra money emergency savings account gambling debts great budget ideas secured loan debt management candidate debt interest salary piling debts Consolidation Company careful handling deals in writing Chapter 13 debts expenses gambling problem children budget debt consolidation

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs