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 It can take time to repair your credit. But
 be persistent! Taking the time to repair
 your credit is a wise investment. A good
 credit history means you'll pay lower
 interest rates and have more financial
 resources in the future. Over time, a
 good credit history literally saves you
 thousands of dollars in lower interest
 fees.
 And wouldn't you rather put that money
 in your own savings account instead of
 giving it to creditors?
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 *********! ****
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 Don't hesitate to contact a reputable
 financial consulting agency, such as
 Consumer Credit Counseling Services.
 These agencies are trained and
 knowledgeable about credit and can
 work with you to explore options for
 repairing your credit history.
 Remember that it's easier for you to
 take action before your credit problems
 become too large!
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 We've all seen these types of ads:
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 Unfortunately, there is NO way to
 "erase" bad credit. Most companies who
 make these claims will charge you a lot
 of money to do something that you can
 do yourself. Remember the old saying,
 "If it looks like a duck and it quacks like
 a duck, it probably is one. "  Avoid quick
 fixes!
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 *******************%******&**#*****************
 **&***#*********' (*******************
 Once you have your finances under
 control you can begin re-establishing
 good credit. When re-establishing your
 credit, avoid applying for offers that
 have "introductory" or "special offer"
 interest rates. Often these types of
 interest rates increase dramatically after
 the short introductory period, leaving
 you with much higher rates that can be
 difficult to pay.
 Some of the options for re-establishing
 credit include:
 The single best way to improve your credit
 score is to get rid of debt. Consider paying
 off as many bills as you can with savings
 or by selling an asset and paying debt with
 the proceeds.
 Your home is a good source of money for
 paying off and consolidating high-interest
 debt. Refinancing your house can lower
 your monthly mortgage payment and free
 up money to pay debt. Most importantly,
 your house appreciates in value. This
 means that as time passes, rather than
 increasing your debt as a result of the
 interest building on credit card balances,
 you're actually increasing your assets
 because your house is building value!
 Most creditors will work with you during
 hard times so contact them to negotiate
 payment. But don't make promises you
 can't keep!
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 ***+***#***********
 ***$************
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 These days it's easy to borrow money,
 accumulate debt, and find yourself in a
 financially insecure position. Unfortunately,
 life is full of unanticipated events, such as
 illness or job loss, that can suddenly make it
 impossible for you to pay your bills on time.
 But there's good news. There ARE ways to
 get yourself out of debt. You CAN improve
 your credit history!
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 A loan is secured if it is "tied to" an
 asset, such as a house or car. Because
 lenders are more willing to make a loan
 when there is an asset to back it, your
 chance for being approved increases.
 Don't forget that if you default on a loan
 that is secured with an asset, the lender
 can repossess that asset.
 A secured credit card is connected to a
 bank account containing your funds that you
 cannot access. Generally a secured card
 will allow you to charge up to the amount in
 that bank account. To re-establish your
 willingness and ability to pay debt, make
 sure you pay any balance due in full each
 month . Also check to make sure the lender
 reports to the credit agencies so your
 payment history shows up on your credit
 report.
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 If you had a good payment history with
 certain creditors in the past, contact
 them. Briefly explain the circumstances
 that contributed to your credit problems
 and how you solved them. These
 creditors might be willing to re-establish
 a credit relationship with you.
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 If you know someone with good credit,
 ask if they'd be willing to co-sign a loan
 application with you. Remember that
 this person is also responsible for your
 debt if for some reason you don't pay.