It's hard to argue with facts, and the facts are that bankruptcy filings are on the rise, credit card debt is increasing and many Americans are struggling to make mortgage payments. Because of these factors, U.S. citizens from coast to coast are looking for help with their finances.
Credit counseling, credit repair, debt management - the options abound for those with less-than-stellar credit histories. But some offers on the Internet and in the mail are scams. Here's a look at what to avoid and what to look for when trying to clean up your financial past.
So what can you do to improve your credit score and make yourself attractive to potential lenders? First of all, remember that you can only improve your credit score by improving your credit habits over time - there is no quick fix! Here are some specific techniques that might prove useful:
No matter what route you decide to take, remember to avoid any credit repair option that requires you to pay an up-front fee before you've received any services. Since this practice is illegal, it should tip you off that the offer is a scam!
The only way to improve your credit is by improving your credit habits over a period of time.