Tuesday, 6 December 2011

The best way to Fix My Credit: Preventing Bankruptcy

By Jonathan Andrews


The simplest way to fix my credit? This is one query which has been bedeviling all of our minds. In this age of lending agencies and credit cards, it is not a shock that everyone will have their allocated share of debts and creditors to cope with on a consistent basis. Irrespective of how desperate the situation may appear at times , we must avoid bankruptcy as much as we are able to. Phoenix Credit Correction provides us with 3 beneficial suggestions of the best way to do so.

Debt Settlement

The easy way to fix my credit without filing for bankruptcy can be done with debt settlement. With this plan, a reduced interest rate is bartered with your lender. This gives you a chance to keep up with your regular payments. Phoenix Credit Correction can be of help in negotiating and handling your payments on your behalf.

Debt Handling

Debt administration is another method of the simple way to fix my credit. This plan of action will require the help of a credit counselling agency like Phoenix Credit Repair who will aid in dealing with your IRs and penalties. The credit counseling agency will handle your monthly payments and guide you to render you debt-free in the shortest period of time possible.

DIY Plan

The DIY plan on the right way to fix my credit will need us to do everything ourselves without the help of any credit counselling agency. You will have to agree terms with your lenders on lowering your interest rates and then tediously plan your position and allowance so you can have enough cash for your monthly payments.

Filing for bankruptcy is something that we must avoid as much as possible. This is believed to be a final resort regarding how to fix my credit since this has a heavy negative result on our current credit worthiness scores.




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