After bankruptcy or settling credit card debt, you get a ”fresh start” and can improve credit score right away. For many, that fresh start begins with the resolution to swear off any debt or credit cards ever again. Some well known “gurus” like Dave Ramsey make this “debt free” status a cornerstone of their program. While I don’t recommend that you recklessly borrow money and I only recommend borrowing for “good debt” as recommended by Rich Dad, Poor Dad author Robert Kiyosaki, not maintaining a good credit score will cost you thousands and thousands of dollars when you go to buy a house or a car.
A poor credit score translates into higher interest rates when you do borrow money.
I recommend that all of my clients, both credit card debt settlement and bankruptcy clients, enroll in Philip Tirone’s credit repair course.
Find out more about how to improve credit score after bankruptcy or debt settlement here.
Click here now for more information
Credit Basics
- Understanding why the rules are so confusing
- How to identify where you could be overpaying because of your credit score
- How to get your correct credit report in order to make a proper analysis
- Learning how to read your credit report and avoiding the most common pitfalls.
- Identifying the easy places to improve your credit, and avoiding the time traps
- Reviewing the 13 Biggest Credit Misconceptions and how they are impacting your credit score
- Identifying why all debt is not bad debt
- How to identify if you have the right number of credit cards
- How to identify if you have the right type of credit cards
- Understanding why banks and credit card companies often report the wrong information
- How to get credit when you keep getting turned away from qualifying
- The art of handling collections when they are on your credit report
- How to identify the right installment loan for you:
- What lenders look for to approve you for an installment loan
- What you should think about before you cosign a loan
- How to find installment loans if you have bad credit
- How to identify the “High Priority” errors on your credit report, the errors that are impacting your credit report 50, 100, even 150 points
Posts
I had bad credit and I used Installment Loans to get back on track. Jim Montgomery does not recommend this method.
May 2, 2011 @ 2:12 pm