Simple planning can help you overcome Bad credit history

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Simple planning can help you overcome Bad credit history

Simple planning can help you overcome Bad credit history


Updated: December 26, 2012

The recession left the industry and consumers in a bad spot. Many people found themselves struggling to hold onto a steady job, and a source of income. Following layoffs what used to be a way of life became expensive. What made things worse was that existing commitments seemed to make the bills seem larger than life. You are not alone in worrying about and looking for ways to sort out your monthly credit card payments. Credit card debt is something that is very common in America and it does not have to spiral out of control. You can find a way to beat the heat. Firstly you have to make sure you have some kind of a plan in place. You can call your creditors and talk to them to see what they are willing to work on with you. You can get debt counseling services and figure out a resolution for working out your monthly bills and bad credit. Within 7 years these bad marks will be off your record for good and in the meantime you can work on improving your score. Credit card debt consolidation is one method many people opt for. With too many credit cards, different due dates and high and low interest rates, consolidating the debt would be a wise move. The net payment you make on one go will be much better than the multiple payments at different interest rates. There is of course a question of whether you can afford a consolidation that is secured or unsecured. See where you stand and take the best offer you get, get cracking on those bills. Scrutinize your statements. There are plenty of occasions where there have been errors and wrong entries or mix ups with credit statements. You need to spend time checking your statement and if you find there are miscellaneous unauthorized entries you must contact the credit union and ask them to clarify. Until the proceeding is completed you are not required to make payments and they cannot solicit you about the payments either. Credit cards can also make for a lot of confusion in terms of the agreement and conditions. It can be difficult but you must read and clear all the terms on it before signing up for it. It comes with an interest rate and annual fees and paying for it is no child's play, so know what you are getting into. Bad credit can also be sorted out through a balance transfer. There are many companies competing to offer the best rates for this and if you can find one that fits your needs, then go ahead and get it done. There will be balance transfers that are free of cost, zero interest and with no annual fees involved. If you know what you want then doing this will save you a lot of money. Make sure you also are aware of the period until which the low interest or 0 interests is applicable. You could be in a lot of trouble otherwise.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Card Tips For Holiday Shopping 2017

Credit Card Tips For Holiday Shopping 2017

Posted: November 27, 2017

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading
How to Earn on Black Friday Deals in 2017

How to Earn on Black Friday Deals in 2017

Posted: November 23, 2017

Black Friday is around the corner! Ready, steady, go! But before you go on a shopping spree to catch the jaw-dropping deals and discounts, make sure you maximize them. Did you know that you can not only save on Black Friday, but also earn? ... Continue reading
Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2017: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 20, 2017

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading