Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

How to Clean Up Your Past Bad Debt Management Mistakes!

If you have made some bad debt management mistakes in the past or have made mistakes on a debt consolidation loan, or whatever it might be, you may not realize how much those debt management mistakes can affect your future. However, if you go and try and find a reasonable loan for a house or a home, you will discover right away just how much problems this can cause. So it is important that you try and repair these mistakes from the past.

The first thing you need to figure out is what is the extent of the past mistakes and you can do this by requesting a free copy of your credit report. It is your right to receive one free credit report on a yearly basis and one place you can get them from is from You'll be able to get a report from all three major credit bureaus simply by going online. Make sure that you look over each report carefully and see which areas of your history needs to be improved upon.

If you see that there are old medical bills still not paid or collection accounts, then you need to take care of these right away. If you don't pay things like medical bills or cell phone or even utilities, these things are going to leave negative marks against you on your credit report. You should call up these old creditors and tell them you would like to be able to pay the balance off. Then talk to the manager to see if they can then update your credit report for you after you have paid off the balance.

If you notice that you have some outstanding judgments against you, you will need to take care of these as well. Any kind of credit judgment is going to put a blemish on your credit score too. If you can't pay it off all at once you need to see if you can't arrange to make some sort of monthly payment until you have the judgment paid off. Once this is paid off you should ask the creditor to make sure to send in a letter to the courts to let them know that you have satisfied the judgment against you.

Once you have done these things and have tried to clean up your credit history as best you can it is important that you make sure to pay all of your credit cards and other bills continually on time. The better you take care of your current bills the better it will be on your credit report. In order to make sure the bills get paid on time either use online bill paying or send in your payment at least a week prior to the due date on the bill. This way you know the payment is going to get there on time.

If you happen to have a bankruptcy on file it's a good idea to try and fix your credit by applying for a secured credit card and then make all of your payments on time. You should get this kind of a card from a bank or your credit union. By getting one of these you will be able to eventually patch up the blemishes that the bankruptcy has put on your credit history.

Post has no comments.
Post a Comment

Captcha Image

loan classify bills financial education rebuild good credit bad debt management worksheet piling debts debt company Chapter 13 repay loans comfortable living paying out debt loan amount credit cards family budget interest payments interest credit companies creditors credit card debt your rights trusted friends credit past bad debt domestic support high interest rate home debts help home equity debt consolidation medical debt discounts groceries children budget phone calls credit rating purchase protection security credit history managing debt back support debt free live within means purchases payday loan companies cash card borrower consumer lawyer visualization common debt traps less money good credit record unreasonable expectations honesty budgeting loan harassment loan companies debt solution education asset info management advice illness credit report finances paycheck info mortgages check card credit card company making payments full details payment frequency unsecured loan debt management tips household items doctors down payment common debt credit limit modified payment plan salary credit accounts child support professional debt collector help understanding budget ideas investing ill health extra payments get out of debt order report bank accounts deb consolidation monthly payment saving reduce debts taking responsibility great budget prioritizing invest money bills credit scores debt credit card traps loss of income checking account overspending school jobs liability child spending child support debt gambling problem expenses paying bills credit card companies monthly budget debt collection agency need money borrow money credit checks chapter 7 debt payment period debt traps losing your job credit card help internet hospital personal finances control spending installment plan repay candidate checks interest rates implement a budget repayment plans lose your job payment behavior mortgage payments new job account charges telephone bills sickness negotiate bad financial decisions credit score debt relief account interest children saving court appearance debt management advice debt collectors debt problems credit line bankruptcy overcharging budget categories monthly bill tax info seperate accounts medical bill assets handling money spending introductory offers cash emergency savings account teaching children finance original creditor house loan low interest good credit payday loan secured loan debit card credit card become free gambling debts spend money job loss personal finance injury great budget ideas younger children filing bankruptcy social services regain control medical bills whole family initial research flat broke budget sheet charitable organisation bank fly-by-night loans government assistance total balance income losing a job installment plans credit company saving money legal action short sale receipt good debt insurances savings account credit bureaus debt programs credit repair bad debt debt consolidation loans debts second job take control of debt rent payments learning experience stop harassment extra money family assistance debt consolidation management program part time job budget ongoing bills cable bill debt relief agency understanding home equity help with debt loan agents interest rate utility payments insurance pay off bill debt management mistakes credit reports borrowing careful handling cancer savings deals in writing save money debt management specific budget categories good budget financial security more income allowance car loan unexpected expenses management tips monthly payments money good credit rating lending companies pay off debt negotiation overbearing bills buying a house own money restrict spending account fees home equity loans building debts hobbies debt settlement paycheck software Consolidation Company tracking money live your life unemployed lending company

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs