Do You Need Bad Credit Help

Are you one of thousands with nocredit and no collateral to help secure approval, or you justhave extremely bad credit and no one wants to help you, and allyou hear is stories and more stories?Bad credit is a term used to describe a poor credit rating.Common practices that can damage a credit rating include makinglate payments, skipping payments, exceeding card limits ordeclaring bankruptcy. Bad Credit can result in being deniedcredit. Bad credit can result in a negative rating from the creditreporting agencies. Many factors can contribute to someonegetting a "bad credit" rating, among these are non-payment of anaccount or late payments over an extended length of time.Whether non-payment of an account is willful or due to financialhardship, the result can be the same, a negative rating whichwill result in a low credit score. However, lenders are morewilling to work with individuals if the person contacts thelender to let them know they are having problems meeting theircommitment to pay. 100% Online Debt Relief! No Phone Calls! Youmust have at least $2,500 of total debt over two or moreaccounts to qualify for our Help. Name, email, and Zip Code arerequired. US Residents only. No phone call required - allcustomer interaction is done online!Christian Debt Consolidation Services Professional DebtConsolidation with a Christian perspective. Lower monthlypayments. Reduce or Eliminate High interest rates. Apply now fora FREE NO-OBLIGATION QUOTE!Fast Loans Online by DrCredit We are currently able to provideauto loans, mortgage loans, debt counseling, home equity,refinance loans, debt consolidation loans, personal loans andmuch more...A credit score is defined as a statistical method of assessingan applicant's credit worthiness. An applicant's credit cardhistory; amount of outstanding debt; the type of credit used;negative information such as bankruptcies or late payments;collection accounts and judgments; too little credit history,and too many credit lines with the maximum amount borrowed areall included in credit-scoring models to determine the creditscore.Raising your credit score is possible. It's a well known factthat lenders will give people with higher credit scores lowerinterest rates on mortgages, car loans and credit cards. If yourcredit score falls under 620 just getting loans and credit cardswith reasonable terms is difficult.Here are five things that you can use to raise credit score.1. Correct obvious mistakes.Your credit score is what shows up in your credit report. Reviewyour reports from all three credit bureaus for accuracy once ayear as well as several months before applying for a loan.Changing a mistake on your report can take 30 days to threemonths, or more. Get Your credit report from the three majorbureaus: Experian, Trans Union and Equifax. 2. Pay Your Bills On TimeYour payment history makes up 35% of your total credit score.Your recent payment history will carry much more weight thanwhat happened five years ago. Missing just one payment on anything can knock 50 to 100 pointsoff of your credit score. Paying your bills on time is the best way to get startedrebuilding your credit rating and raising your credit score. 3. Reduce your credit card balances.A heavily weighted factor in your FICO score is how much moneyyou owe on your credit cards relative to your total creditlimit. Generally, it's good to keep your balances at or below 25percent of your credit card limit, said Jeanne Kelly, founder ofThe Kelly Group in Brookfield, Conn., which helps clientsimprove their credit scores.4. Don’t Close Old AccountsIn the past people were told to close old accounts they weren’tusing. But with today's current scoring methods that couldactually hurt your credit score. Closing old or paid off credit accounts lowers the total creditavailable to you and makes any balances you have appear largerin credit score calculations. Closing your oldest accounts canactually shorten the length of your credit history and to alender it makes you less credit worthy. If you are trying to minimize identity theft and it's worth thepeace of mind for you to close your old or paid off accounts,the good news is it will only lower you score a minimal amount.But just by keeping those old accounts open you can raise creditscore for you.5. Avoid BankruptcyBankruptcy is the single worst thing you can do to your creditscore. Bankruptcy will lower your credit score by 200 points ormore and is very difficult to come back from. Once your credit score falls below 620, any loan you get will befar more expensive. A bankruptcy on your credit record isreported for up to 10 years. The reality of a bankruptcy is it will limit you tohigh-interest lenders that will squeeze out high interest ratepayments from you for years. It is better to get credit counseling to help you with yourbills and avoid bankruptcy at all costs. By getting creditcounseling instead of declaring bankruptcy you can raise creditscore over a much shorter period of time.