Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

Ignoring Your Debts Will Make Your FICO® Credit Score and Credit Rating Free Fall.

Ignoring your debts won’t make them go away.

As much as you would like to think of something else, the fact remains that you cannot address the situation without facing it.

If you put your head in the sand, then someone is going to come along sooner rather than later and give you a big kick in the butt and it’s going to hurt because you won’t see it coming.

That kick will come from a creditor who you have failed to contact, in order to work out an arrangement for payment of an outstanding debt or possibly even the bank with a notification of a pending foreclosure on your house.

You might find yourself getting a notice of eviction simply because you didn’t contact your landlord to make a payment arrangement while you get your finances sorted out with multiple debt solutions.

You need to face the facts that you have a problem and then set yourself goals to resolving the problem. Problems that are left unattended, will usually present themselves as bigger problems in the near future, so today is the day that you need to start looking at your debts and debt elimination.

Taking action now can result in savings of interest and late payment fees, not to mention stabilizing or maintaining your FICO® score. People who have money generally pay less than those who don’t because they are able to pay debt on time and don’t have to fund the additional expense of late payments in one form or another.

There is one thing that is certain and that is the fact that people who owe money might forget what they owe but those who are owed always know how much is due, so even if you might prefer to forget the debt, rest assured that your creditors won’t.

Also - more often than not, a creditor will adopt a far more positive attitude towards you if you explain the situation you are in and let them know that you are currently working towards debt elimination and full and final payment of the debt as soon as possible.

Communication can do wonders for your debt reduction program, not to mention your FICO® credit score, your credit rating, and your credit report.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com

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Credit Repair + Debt Elimination = 800+ FICO® Score Credit Report

Debt, Credit, and Keeping a Roof Over Your Head.

It can be very frightening to find that the bank is going to seek foreclosure on your house mortgage or getting an eviction notice from your landlord.

Having a roof over your head is one of the essential requirements that you expect to have for you and your family and to see that security disappearing due to your inability to pay your debts is one of the worst things you could imagine.

Undoubtedly, your credit rating will be severely damaged per your deteriorating credit score on your credit report.

No matter how well you get along with your landlord, you have to understand that at the end of the day it is purely a business arrangement for him and money is all that really matters. It might be that the landlord is also working on a tight budget and needs your weekly payments to pay for his own debts.

The first thing you need to do is to pay the past due amount as soon as possible. If this is not possible, then work through your budget and see how you can make payments to reduce the amount as soon as you can. Once you have some figures, approach your landlord and discuss your situation fully and present your plan to eliminate the debt.

The peace of mind that you give your landlord for doing this might be all that is needed to avoid an eviction.

In some situations you might even be eligible to qualify for government assistance or you could possibly get help through a church group that you belong to. You need to start asking around to find out what all your options are and the sooner you do that the better.

You might even be able to negotiate with your landlord for a reduced rate for a specific period of time to get back on your feet with the assurance that you will pay the debt at a date that you both agree on.

If you are successful at this stage, you will have taken huge strides to stop your falling FICO® credit score on your credit report and subsequently maintaintaing or improving your overall credit rating.

Failing that, you might need to cancel your lease or sub lease the accommodation to someone else while you find a cheaper residence elsewhere.

Getting a roommate is another alternative that would help to share the expense.

If at all possible, you need to do all you can to avoid eviction. Apart from the inconvenience of the eviction, you will find it more difficult to find new accommodation with reference to your eviction on your credit report and your damaged credit rating affecting any and all purchases that you make in the future.

You might have to pay a larger than normal deposit on any new rental accommodation due to your poor credit rating history.

Just keeping the roof over your head will pay huge dividends in protecting your credit rating and keeping your FICO® Score on your credit report at the highest level possible.

Dr. Robert Miller, PHD
Investigations Analyst
www.TheCreditRobbers.com