Monthly Archive:: November 2007

Why It’s So Difficult to Find Honest Credit Help

Finding credit help (particularly online) is difficult. As you may recall I expressed my frustration with the lack of honest, responsible resources available for people who want to repair their credit score in my first blog entry, “Why I Am Starting A

Utilization: Maintaining The Right Credit Balance to Limit Ratio

One of the first steps I recommend when repairing credit is to pay down any credit accounts where the balance is more than 25% of the account’s credit limit. If you’re not sure what balances are being reported on your credit report,

My Fifth Mistake: I started applying for credit too quickly

Many people are under the impression that once they fix (or remove) all of the bad records from their credit report (such as charge offs and late payments), they will have good credit. While ridding oneself of negative credit report records may

How Credit Inquiries Can Affect Your Credit Score

In the following article I will explain how credit report inquiries can lower your credit score. Depending on the type of inquiry, your score can lower 3 – 10 points -even more with multiple inquiries. While this should not be the pinnacle

Credit Report Not Updated After Negotiation

Question I mailed your negotiation letter a couple of weeks ago through certified mail. I got the green slip on Monday, but my credit report hasn’t been updated yet. Should I be worried? I haven’t sent them any money. Response You sent

Negotiation Letters Will NOT Work On Student Loans

Student loan creditors such as Nelnet are required by law to report accurate information to credit agencies. This makes dealing with late or defaulted student loans much different than other accounts. Basically, regardless of if you have consolidated, or even undergone a

Secured Credit Cards and Credit Repair

Often I am asked whether I recommend a secured credit card over a high interest rate credit card for people in the process of fixing their bad credit. The short answer is that I recommend a secured credit card. However, it should

How to Pay Off Bills and Debt

If you have read my previous articles, you might be saying to yourself, “Ok Ashley, you are giving me all this advice on how to fix my credit score and negotiate with the credit bureaus –are you assuming that I have the

10 Surefire Tips for Fixing Bad Credit

During the past week I have written an array of articles that outline the mistakes I made when I first began the process of fixing my bad credit. Scattered throughout these articles, readers will find some of the most valuable information that

My Fourth Mistake: I Closed Credit Card Accounts

When starting your you may tempted to close credit card accounts, especially if the credit card has negative entries on it such as a late payment. This is a bad idea. It’s actually better for your credit score in most cases if