First Steps to Fixing Bad Credit…

When I finally came to the realization that my credit was shot… that’s when I finally told myself… I need to do something about this and find out what my options are.

A lot of people deny the fact that they are in hot water. They ignore letters from creditors. They avoid picking up the phone from collection agencies. They just don’t want to deal with hoping that if they ignore it long enough… all of will just go away.

That’s wishful thinking. Believe me… I’ve been there and done that before.

At some point… you just gotta gather up the courage and just see what you can do about it. And so that’s when I turned to the internet.

I went to Google and did a search for “How To Fix My Bad Credit”. I found a very helpful article over at:

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm

Here… the FTC is telling us that there are a lot of credit repair scams out there that we have to be aware of. If it sounds too good to be true… it almost always is. So beware when you see cliams like:

* Eliminate all your bad credit… 100% guaranteed!
* Credit problems? No problem!
* Remove all bankruptcies,  liens, judgments, and bad credit from your file forever!

When you see these kinds of problems… chances are, many of them are scams. What they usually want you to do is pay them a fee up-front for a service. And what the FTC is telling us is that many of these services are not legit.

So what happens is you ending up paying these companies a bunch of money… and in the end… you still have the same bad credit.

You can repair you bad credit over time… but there are no quick fixes like some of these companies want you to believe. So do yourself a favor and steer clear from falling for these claims the promise you the world… but yet, can’t deliver on what they promise.

In my next blog post… I’ll give you some practical tips and tricks to help you develop a sound plan to get your credit back in line the proper way.

Be on the look-out for it coming soon.

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