There are many reasons folks may have wrecked credit. Yes, it could be that they just don’t care – but more often than that, it has to do with some sort of hardship. Medical bills, divorce, loss of job, etc…

  First, go back in your mind to the time the decline began. Find out what went wrong. The task of credit repair is a lot easier with the cause in mind – and it’s less likely to happen again. 
 
  Second, gather records. You’ll need to compare those records with what your credit report shows so that you may dispute any incorrect items. More next week!
© 2008 CreditSkyRocket.com

  Since it accounts for 35% of your credit score, making all your payments on time is the most crucial aspect of credit. Make a hard & fast habit making all your payments on time (Before the due-date).

  Have a reserve account set up so in case there are ever any unexpected expenses in life; (accidents, travel, home repair, etc.) you’ll still have a month or two of at least the minimum payments on all your bills.

  You should be able to set-up an automatic savings program with your bank. For instance, some banks allow you to set up an automatic deposit into your savings account from your checking. Even if it’s just $10 per month, start depositing into that reserve account.
© 2008 CreditSkyRocket.com

THURSDAY