Monday 5 December 2011

3 Fast Credit Repair Fixes

By Jonathan Andrews


Having a poor credit history can cause a drain on you should you decide to sign up for a loan or Mastercard. Therefore it's critical that, before your credit report spirals downwards, you take the necessary steps to save it. Phoenix Credit Repair offers you 3 fast credit fixing fixes.

Get a Visa Card

Contrary to popular belief, having a Mastercard won't hurt your credit score. As long as you are paying your standard payments on time, having one is no problem. In fact , having one or two is thought of as a fast credit repair since it will also help build your scores. If you cannot qualify for a regular credit card, employ a secured Visa card where the full amount that you can charge is equivalent to the amount you deposited.

Have an Installment Loan

If you show you are responsible with your payments, you'll have a fast credit fixing. This is pertinent for both kinds of credit "be it revolving or installment. If you now don't have an installment plan, companies like Phoenix Credit Fixing suggest you get a small personal loan that you can manage. Report this to the credit firms to them know you're capable of paying loans.

Pay Down Your Credit Cards

Paying your loans and mortgages could be a good fast credit fixing but clearing your Visa card is an even better move. Attempt to get your balance below 30% of the borrowing arrangement for an improved credit record. If you can, lower it down to 10% to put a big opening between the credit you're using and the available borrowing arrangement.

Phoenix Credit Correction will be able to give you the above fast credit correction fixes together with a few more to give you a sound credit record. In no time, you'll be enjoying a high credit score.




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