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Announcing Breakthrough Do-It-Yourself Credit Repair Tips

Updated on November 12, 2010

Are you ready to put into action a few masterful do-it-yourself credit repair tips?

If you are choking on bad credit, cash starved and hanging on by a slender thread then you'll want to read every word on this page.

Despite the fact that many people have credit cards and debts, many are oblivious with how to deal with both effectively. 

In just a few short minutes you will understand your options and learn how to make good choices. 

You have already decided that your financial situation need help right now or soon will. 

With that in mind here are four options we'll take a closer looker into as you work to fix your credit:

1.    Home Equity Line Of Credit
2.    Credit Card Bureaus
3.    Identity Theft Prevention
4.    Credit Repair Service

Listed below are some details on each:

HOME EQUITY LINE OF CREDIT

Here's a way to think about it...you choose to secure a revolving line of credit using your home as collateral. 

In any event, with a home equity line expect to be approved for a specific amount of credit.  Stated a little differently, your credit limit will be the maximum amount of money you may borrow at any one time under this particular plan.

But here's the thing...if you fail to repay your home equity line of credit, you could lose your home. 

CREDIT CARD BUREAUS

As you might have guessed, there are three major credit card bureaus you may use to obtain a copy of your credit report and credit score.  They are Equifax, Experian, and TransUnion.

You are entitled to a "free" copy of your credit report once per year from each credit card bureau.  Take advantage of the offer and check each report individually for errors.

CREDIT REPAIR SERVICE

A credit repair service can do no more for you than you can do yourself. 

However credit repair is time consuming so if you are short on time, this may be the best option for you. 

Necessity is the mother of invention, but before you hire a credit repair firm, contact the Federal Trade Commission, the Better Business Bureau, state's attorney general, or the Department of Consumer Affairs to see whether complaints have been filed or legal action taken against the company.

It’s better to be safe than sorry.

IDENTITY THEFT PROTECTION

Identity theft is a huge and growing problem.  And guess what?  Stealing your identity is not that difficult.

A person only needs access to personal information such as your name, address, social security number, etc. 

That's why it is more important now than ever to put the forces of identity theft protection to work in your favor.  Here are a few things you can do to protect yourself: 

·    Constantly change your pin numbers.
·    Do not leave outgoing bill payments in your mailbox for the mailman to pickup.
·    Monitor your credit report monthly for any unauthorized activity.
·    Don't throw away credit card slips in public.

In a nutshell, these do-it-yourself credit repair tips can save you time and money.  Just to recap...a home equity line of credit, credit card bureaus, identity theft prevention, and a good credit repair service all have the capacity to help you turn your credit situation around.

Don't waste another moment.  I wonder how quickly you jump on the bandwagon and begin to erase your bad credit?

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