Isnare Free Articles
Authors Contents [Add OpenSearch]
Distribute your articles to more than 6,000+ sites and 40,000+ email group publisher subscribers for as low as $2 / article...
Index  Article Directory  Finances
Embed this Article  
Deanna Mascle

Deanna Mascle x 329 articles

Liked the article? Consider buying me a beer!
$

Most Recent Videos Most Recent Videos

Credit repair and eliminating your credit card debt does not mean that you have to hire an expensive credit repair service. In fact, if you want to fix your credit you can do it yourself for free. I cannot promise that it will be easy but despite the glib promises made by professional services those are not easy either.

Do not sign a contract committing yourself to an expensive credit repair service. Do not buy any books or software to help you fix your credit. Instead focus on three simple and free steps to rid yourself of bad credit.

First, go the root of the matter. Run your credit reports, every consumer gets a free credit report from the three major reporting agencies every year. Plus if you have had a credit application denied recently you can ask for a report at that time. You do not need to pay for your credit report or join a program to get access to it. This will give you a good picture of your credit situation but you should also collect the recent statements from each of your creditors. Not only will these give you valuable contact information for the next two steps but it usually offers the most up-to-date information regarding your payments, balance, and interest rates.

Once you have summarized your situation it is time to move on to step two which is simple -- empty your wallet of credit cards. Cut them up and throw them out, but then you need to take another important step. Close those accounts and do not sign up for any more cards until your credit is once more good. If you continue to add to your debt then you will not solve your problems.

The final step to repair your bad credit and eliminate your credit card debt will take the longest and involve the most hard work and stress. Now you will need to make a plan of action. The first step is to stop making any payments on your credit cards. Now, set aside the money you would use to make those payments for a few months. When the credit card companies start calling about your delinquent payments be polite but be clear that you cannot pay the bill at this time although you are working on a plan to clear your debts. Tell them not to call again until next month. Minimum payments will never clear your debt and it is best to consolidate the money until it matches a sum that will be able to do you the most good. Once you have enough money to pay about one-third of one of your bills (assuming a few months have passed) then call the company and offer your one-third payment. Some companies might jump at that settlement and others may negotiate for a while. It is very likely that through standing firm, consolidating your payments, and waiting them out that most of your creditors will settle for half or less (on average).

You can do your own credit repair and eliminate your credit card debt without outside help with these three simple steps. Simply summarize your situation, empty your wallet, and work the phones. You can do it.

Rate this article:
Deanna Mascle shares more advice in her blog Credit Repair at http://answersaboutcredit.com where you can also download the free ebook "What To Do When Your Credit Goes Bad"
Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.

Most Recent Articles

Why Buying a Flat or Apartment in Lucknow is the Most Favorable Investment Option?

An Article by Rajeev Kapoor in Real Estate

1 day ago

Lucknow, which is synonymous with rich culture, history, arts and music, is slowly becoming an important hub of commerce, technology, pharmaceuticals, finance, education and real estate. The city which is also referred to as “Constantinople of the East” for the remarkable domes and arches of its Nawabi-era monuments that bear resemblance to the historical monuments of present-day Istanbul is witnessing significant growth and development in all the sectors, especially real estate in the past few years...

Ganga Legend 1 ,2 & 3 BHK Apartments in Bavdhan | Pune

An Article by Goel Ganga in Real Estate

2 days ago

Goel Ganga Group one of the most trusted developers in Pune. We put our Heart into your Homes. With over 11 ongoing residential projects, and 10 ongoing commercial projects spread over Pune, Mumbai, Bengaluru and Nagpur, we have a home for everyone. We add Pure Delight to your Home. If you are looking to invest in property in Pune, look no further...

Sobha Dream Acres Resale Engaging 1/2/2.5/3 Bedroom Units by Grade a Builder

An Article by Akanshatyagi Tyagi in Real Estate

2 days ago

Sobha dream acres are an innovative provider of real estate services in Panathur road, Bangalore. Sobha dream acres provide spacious 1BHK and 2BHK flats in Bangalore. It encompasses a wide area of around 81 acres and the size ranges between 650 - 1500Sft. It is the fastest-growing and quality real estate developer in Bangalore...

Sobha Dream Acres Resale Prepossessing 1/2/2.5/3 Bedroom Units by Grade a Builder

An Article by Akanshatyagi Tyagi in Real Estate

2 days ago

The project offers easy access to numerous social facilities & amenities. There are several reputed educational institutions close to the venture including Greenwood High, India International School, The International School, in venture Academy, Vibgyor High & Gear Innovative International School. Leading hospitals like the Manipal Hospital & Columbia Asia Hospital are also well connected to the venture...

Gift City Ahmedabad Spectacular 1/2/2.5/3 Bedroom Units by Grade a Builder

An Article by Gift City in Travel

2 days ago

REITs will help retail investors put down their money in realty ventures via a safer avenue for returns, while as well as helping developers improve liquidity even in testing market conditions. There are expectations that REITs could ultimately attract funds worth $20 billion. Whatever the inflow levels, REITs will help facilitate better demand...

IBM Worklight Foundation V6.2 C5050-408 Dumps

An Article by Kruis Barry in Education

2 days ago

Passcert, as a professional, reliable IT certification exam study materials suppliers to provide complete latest IBM Worklight Foundation V6. 2 C5050-408 dumps, it includes all the knowledge points of the C5050-408 exam and its content, you are familiar with the content of the examination and examination environment...

Advice For Students: Simple Tips to Write Research Papers That Rock!

An Article by Sveta Petrova in Writing

2 days ago

No assignment save the comprehensive final exam seems to engender such fear in students while the research paper, especially the subject research paper that is available. Confronted with the prospect of writing 5, 8, 12, or maybe more pages on an interest of the choosing, a total large amount of students panic, uncertain things to create about and how to analyze it...

ITILF Latest Certification Tests

An Article by Dennisng Ng in Business

2 days ago

Question: 1Access management is responsible for implementing policies defined in which process. A. Service portfolio managementB. Information security managementC. Change managementD. Problem managementAnswer: BQuestion: 2What BEST describes the value of service design to the business. A. It supports the creation of a portfolio of quantified servicesB...

Fox Mowing NSW Help You With Your Mowing and Gardening Needs

An Article by Leo Lazich in Business

2 days ago

An all-around kept-up garden is a delightful sight; it gives your home an additional interest and makes it an enticing space. Cultivating is a pleasant movement in spite of the fact that relatively few people discover the time or vitality to make and keep up a lovely garden. A garden means a considerable measure of work appropriate from soil readiness, planting, watering, weeding, bug control, and so on...

99 Preparation Guides

An Article by Brent Fowler in Home Management

2 days ago

Question: 1When considering risks, which describes an opportunity in a project. A. An uncertain event that could have a negative impact on objectivesB. An uncertain event that could have a favourable impact on objectivesC. An event that has occurred resulting in a negative impact on objectivesD. An event that has occurred resulting in a favourable impact on objectivesAnswer: BQuestion: 2Which of the following statements about lines of authority and reporting are true...

Garden Fences - Best Outdoor Privacy Screening Solution

An Article by Trim Lite in Home Management

2 days ago

In local locations, there are a couple of alternatives to introduce some Flair in your yard. Utilizing privacy screens is one of the choices. They can separate a space, include some fascinating visual segments, and manufacture your own private resort, even in populated regions. privacy screens can convey a dynamic component to your yard, blocking things that you don't need insight, or keeping others from seeing into your space...

99 Test Certification

An Article by Dennisng Ng in Home Management

3 days ago

Question: 1When considering risks, which describes an opportunity in a project. A. An uncertain event that could have a negative impact on objectivesB. An uncertain event that could have a favourable impact on objectivesC. An event that has occurred resulting in a negative impact on objectivesD. An event that has occurred resulting in a favourable impact on objectivesAnswer: BQuestion: 2Which of the following statements about lines of authority and reporting are true...

Tips Before Select Bike Carriers to Suit Your Requirements OR Needs

An Article by Bulic Tony in Automotive

3 days ago

It always seem like such a hassle when you are trying to find the perfect bike carrier for your bike. One might think, aren't they all the same. No. Not all bike carriers are the same. Vehicle-Accessories has quality bike carriers to fit your needs. Bikes can cost a pretty penny so, read on about tips that can help you select a bike carrier that suits your needs and requirements...

Tips Before Select Bike Carriers to Suit Your Requirements OR Needs

An Article by Tony Bulic in Automotive

3 days ago

It always seem like such a hassle when you are trying to find the perfect bike carrier for your bike. One might think, aren't they all the same. No. Not all bike carriers are the same. Vehicle-Accessories has quality bike carriers to fit your needs. Bikes can cost a pretty penny so, read on about tips that can help you select a bike carrier that suits your needs and requirements...

58 Study Guides

An Article by Dennisng Ng in Business

3 days ago

Question: 1Which of the following are sources of best practice. 1. Academic research2. Internal experience3. Industry practicesA. All of the aboveB. 1 and 3 onlyC. 1 and 2 onlyD. 2 and 3 onlyAnswer: AQuestion: 2What type of services are NOT directly used by the business but are required by the service provider to deliver customer facing services...

MLA Style Citation:
Mascle, Deanna "Credit Repair: Repair Bad Credit Card Debt Yourself." Credit Repair: Repair Bad Credit Card Debt Yourself. 06 Dec. 2006 Isnare.com. 01 May. 2017 <https://www.isnare.com/?aid=107285&ca=Finances>.
APA Style Citation:
Mascle, Deanna (2006, December 06). Credit Repair: Repair Bad Credit Card Debt Yourself. Retrieved May 01, 2017, from https://www.isnare.com/?aid=107285&ca=Finances
Chicago Style Citation:
Mascle, Deanna "Credit Repair: Repair Bad Credit Card Debt Yourself." Credit Repair: Repair Bad Credit Card Debt Yourself Isnare.com. https://www.isnare.com/?aid=107285&ca=Finances
Copy and paste the code below to embed this article:
<a class="embedly-card" href="https://www.isnare.com/?aid=107285&ca=Finances">Credit Repair: Repair Bad Credit Card Debt Yourself</a> <script>!function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){ var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js"; var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);</script>