How to Fix Bad Credit Simple guidelines towards Repairing, Restoring and Protecting your credit http://www.ForeclosureDataBank.com http://www.ForeclosureDataBank.com Is Bad Credit Holding You Back? A bad credit report to your name can be one of the most stressful predicaments to deal with, but by taking various positive actions with some discipline on your part, you can be on the road to recovery much sooner than you think. http://www.ForeclosureDataBank.com CREDIT REPAIR CHECKLIST Order Your Credit Report Locate and Report Error Clear Outstanding Debts Work With A Debt Counsellor Create a New Credit History Stick to a Sensible Budget http://www.ForeclosureDataBank.com CREDIT REPORT Order Your Credit Report From The Credit Bureau: Study the report thoroughly to understand all the aspects that are affecting it negatively so that you can tackle them one by one. http://www.ForeclosureDataBank.com UNDERSTAND WHAT AFFECTS YOUR CREDIT SCORE • Late payment • Chapter 13 bankruptcy • Foreclosure • Loan default • Exhausted credit cards http://www.ForeclosureDataBank.com Rectify Errors Locate Any Wayward Error That Might Have Surfaced in the Report Any such error should be immediately reported and corrected with the bureau. http://www.ForeclosureDataBank.com Clear Your Outstanding Debts Outstanding debts are one of the most obvious reasons behind a bad credit report - Start making repayments as soon as possible - Repay the loans that have the highest interest rates. http://www.ForeclosureDataBank.com Get In Touch With A Debt Counselling Organisation Having a credit counsellor can ease out a huge amount of stress for you as the analyst can help you in : - Debt consolidation - Negotiate with the creditors to reduce financial charges. http://www.ForeclosureDataBank.com Start Setting Up A New And Sound Credit Foundation While you work with your counselor set up a clean credit history by: - applying for a new credit card - making sure that you use it with caution - ensure that you pay the monthly bills on time http://www.ForeclosureDataBank.com Change Your Outlook Towards Spending Apart from working on repairing on your credit report, you have to remember that you also need to make a whole lot of positive changes in your lifestyle as well as your attitude towards spending. This can begin with making a realistic budget for yourself and your family and actually sticking to it.