Repairing Your Credit Score Is Easier Than You Think

Repairing Your Credit Score Is Easier Than You Think

Everyone in the world is afraid of one thing, getting their identity stolen and having that ruin their credit, right? Well this brings up a great question.

Why if everyone is afraid of getting their identity stolen for the purpose of keeping a great credit score do they end up ruining their credit on their own?

I never understood why people would spend hours ripping up and shredding personal documents just to ruin their credit on their own, and I guess I never will. For those of you who have had the bad luck or getting your identity stolen or just ruined your credit score on your own I want to help you out and give you a couple methods that will get your credit score back on track.

The first thing you must do in order to get your credit score back on track is to get rid of anything that is hindering this from happening. Some of the things that hinder this from happening are too many credit cards, not carrying cash with you at all times, and most importantly living beyond your means.

What is living beyond your means?

Living beyond your means is just another way to say somebody is using credit way too much. If you can't afford something at the time you buy it then you shouldn't have it in the first place. For instance when a person buys a television on credit because they don't have enough cash then this is living beyond or means. Another example would be a family taking a trip on credit and when they get home figure out that they really couldn't afford it. Living beyond your means is a bad thing and if you are doing this you must stop now.

Repairing your credit is easier than you think for one reason, lenders are tight on money and they will do anything to get money from you. If you have lenders who you owe money to then you must call them and ask if they will help you out in order for you to pay a balance off. Most creditors will ask what you have in mind and just tell them that you will pay off the full balance of the account in 3 months if they stop tacking on interest for the three months and for the past 3 months. What this will do is most likely lower your balance and makes it easier for you to pay off.

This method is very simple and being that I have done it a few times before and others I have shown have done it as well, I know that it works almost every time. Don't be too afraid to call your creditors and throw out deals like this, your creditors won't ever do this so somebody has to start. If you do this with just one of your accounts I bet you will be much better off than you are right now and just think if you did it will all of your accounts, you would really be living a dream then.