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Summary: Repairing bad credit starts by contacting the credit bureaus and having duplicate or old information removed from a credit report. Fix low credit scores and reports by working with creditors and credit agencies with advice from a certified public accountant and credit counselor in this free video on debt management.
Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. He earned a Bachelor of Science in business management with an emphasis in accounting. Guthrey...read more
Many people's personal credit is in shambles. They have run up credit card debt, had trouble paying student loans and overextended themselves financially. There are many options out there for dealing with debt and trying to improve one's credit score. How does a person navigate these tricky waters? In this free video series, learn how to get a grip on debt and eliminate financial stress with insight from a credit counselor. First, learn about repairing bad credit history, using a credit card to save money, getting out of credit card debt and choosing a credit counselor. Next, discover ways to increase a credit score, remove judgments from a credit report, file bankruptcy and who regulates credit counselors. Finally, learn how to consolidate debt, stay of debt and raise a credit rating.
"If you want to repair a bad credit history, the best place you can start is probably the credit bureau reporting agency that's reporting your bad credit. They can help in many, many ways. First off, if your bad credit is caused by unusual circumstances, then you need to provide the information about that situation to be placed on your credit bureau report. The next, if you have any duplicate bad payment history reported there, you need to also have them look at that, and you need to remove those duplications. And, you also want to have any bad history be updated to show the current timely payments that you've been making. Also, if your debt was consolidated to pay off those bad debts, you want to try to have that old information removed, working with the credit bureau reporting agency as well as the creditors."
eHow Article: How to Repair a Bad Credit History
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.