Wow! Who's credit has not been effected by the economy. People have lost their homes, retirements funds, jobs, and savings. It's hard to fathom how anyone is going to be able to even use credit as a standard in the future. If you're credit has faltered and you still want to salvage it through the economy, here are a few tips:
- Keep at least two credit cards open and keep them up to date. If you
can arrange other installment loans, go ahead and do so. This will help
rebuild your credit.
- Pay all of your accounts when they come due.
- File disputes against any derogatory entries on your credit report.
If you're not sure what your credit score is, but want to get a good idea--you can also use the free service at creditkarma.com. It will update you monthly with any changes and is a great way to monitor your progress if you are trying to get back on track.
Don't give up! The economy will make a comeback and when it does, you want to position yourself to have the good credit you need.
No comments:
Post a Comment