• The first thing to do is to check with a credit union. Many offer secured credit cards to members. Sometimes they also waive application and annual fees. They often offer low-interest rates and additional options for rebuilding credit.
• The next way is to examine credit-card comparison websites. This is a good way to look at the good and bad points of the cards side-by-side and see which one is best for each personal situation. A person can use what they had learned to research individual cards better.
• The third way to find the best-secured credit cards is to look at how much a person should spend in fees and interest rates. Some available cards offer zero processing or application fees. A person should also choose an interest rate they are comfortable with to prevent potential problems later on.
• Another way is to look at the credit limit. The limits vary drastically by card, so it is important for a person to know what they sign up for ahead of time. A small credit limit could be a hindrance to one’s financial well-being later on.
• Finally, in deciding on a card, look at the additional benefits that comes with certain card issuers. Some cards offer reward points while a person is building or repairing their credit. This can be a great tool for generating some potential money for the user. The benefits, again, vary by card so prepare to read the fine print and understand exactly what the credit card issuer offers.

Secured credit cards can really become beneficial to one’s financial future if they are willing to invest their time in doing some research ahead of time. Following these simple steps may just be the boost one needs to set the pace for improved credit for a lifetime.

The post Secured Credit Cards: 5 Ways to Find Them appeared first on Credit Repair Hawk.

• A clear and detailed contract must first be received by the individual seeking credit repair services prior to any repair company performing services for them. It is typical for these contracts to include a description of services to be performed, payment for these services and time frame for completion.
• Repair organizations are never permitted to ask for payment prior to providing service to an individual. Any company that asks for upfront payment for their services should be shied away from, as these could be potential scams.
• Companies should never alter the identity of their users or attempt to illegally alter their credit history. All reparation services should be performed within the confines of the law, never misrepresenting the client or their history.
• Services that are provided to an individual by a credit reparation company can never be misrepresented. This means that the services provided by the company must be those that are discussed with the individual seeking their services, no less.
• Repair companies who attempt to misrepresent or lie about an individual’s credit history are breaking the law.

Any individual who is looking to work withuse any credit services should first gain some insight into what the Credit Repair Organizations Act explains as the restrictions of the repair companies and the rights of the individual seeking for their services. There are a number ofscam credit reparation companies that exist, so it is important to be aware of the legal restrictions placed on the type of service you are looking for. If for any reason a company is not operating within these specific stipulations, the individual should certainly report them to their state attorney general.

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• Know how money works

Learn the in and outs of how money works for you, so that you can be better prepared to pay your bills. You should also read books on money, budgets, and attend seminars. By doing this, you will never miss a payment, therefore increasing your credit score.

• Staying in financial shape

When applying for loans, a lender will look at your savings, your income,and your employment. You want to make sure that you keep a good amount of savings in your account to show the lender that you have the discipline when it comes to handling money. They will also look at your income to see whether you make enough money to keep up with the monthly payments. Finally, they will look at the length of employment to make sure that you are stable. The above factors will help you get a loan, which will help you raise your three-digits number in the long run.

• Late fees removed

If you are late, ask the lender to waive the late fee as a courtesy because most lenders will do that for you if you have not used all of your late waivers for the year. Lending institutions allow either one or two late fee waivers yearly. Then take the money that they were going to charge you and reduce the balances on your credit cards for an increase in your score.

• Stay organized with your bills

Get a file cabinet to track your bills and place them in an area where you can get to them quickly. Know the date of your payments and use calendars to remind you of your due dates. Take advantage of automatic payment deduction and electronic email reminders from creditors when offered. When employing these strategies, you never miss a payment, and as a result, you improve your score.

• Set goals

Set goals to track your credit repair efforts. For example, create a tracking list for your credit repair letters. Note whom you send letters to and when. Set up reminders to check your score regularly to see whether it has improved. Create dates on when you are going to pay off your debt and recheck your score.

As you can see, the tips disclosed above are simple and straight to the point. Now that you have empowered yourself with new knowledge, go out there, and take action.

The post Credit Tips and Advice – How to Raise Credit Score appeared first on Credit Repair Hawk.