Free Debt Relief Analysis

Discover how much you can save every month. It's Fast, Free and there's absolutely No Obligation. Fill out the form to get your free savings estimate now.

It's Simple To Start

Gather Basic Information

Answer a couple of basic questions about your debt. Based on your location, debt amount and type of debt, we can recommend a path.

Financial Coaches

Your certified debt resolution specialist will show you how to pay off your debt and give you the motivation to get there.

Debt Free

Follow the payment plan you agree to with your certified specialist and you are on the way to being debt free in less time and for less money than if you did it on your own.

Questions? Call IMG 888-997-5113

Credit Repair: Short Term and Long Term Solutions

Once you get into debt and have some credit issues-perhaps from making too many late payments or always only paying the minimum - it may seem impossible to dig yourself out of that hole. Remember that there are always solutions to help repair your credit, both in the short and long term.


Short Term Credit Repair


First, be aware of quick credit repair scams offering to quickly erase your bad credit. You can tell a company offering credit repair services is fraudulent when:



  • The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.

  • The company doesn\'t tell you your rights and what you can do for yourself for free.

  • The company recommends that you do not contact any of the three major national credit reporting companies directly.

  • The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.


Next, check your credit report for the most accurate information. You need to send certified letters to the credit bureaus asking them to dismiss incorrect entries. Sometimes you can have negative information removed after a certain number of years. Check with the credit bureau to find out the length of these entries.


After you make sure you have no inaccurate information on your credit report, call your creditors to see if they can reduce your interest rates. This will not only look good on the report, but it will also help you make your monthly payments.


Credit repair services will help with this daunting legwork. They pull credit reports, review for errors and send out dispute letters along with documentation. They add professionalism and save you time, but they don\'t do anything you can\'t do yourself.


Create a budget and stick to it! The first step in repairing your credit is to motivate yourself. Don\'t cancel your credit cards. If you make payments on time, this will help you build your credit back up. Keep them at home and use sparingly instead.


Long Term Credit Repair


While it can be helpful to repair your credit in the meantime, to be financially stable and credit-worthy you will need to fix your credit in the long run.


Long term credit repair could mean drastically lowering your expenses. Perhaps swapping out for a cheaper car or home could help lower your monthly payments and decrease the amount of interest you\'re paying.


Another option is to work out a payment plan with your creditors. A credit counseling agency could help you with this if you\'re not comfortable negotiating a plan yourself. Read about out how to qualify your credit counselor and important questions to ask.



 

Benefits of Debt Consolidation