| When you have bad credit or a low credit score, the | | | | you the card). You're required to put down a deposit |
| faster you can fix the problem, the faster you'll have | | | | on whatever you purchase, and the remaining |
| more money in your pocket. The interest rates you | | | | balance is financed on the card. The advantage of |
| pay on loans will start falling, and you might even find | | | | the sub-prime merchandise card is that this new |
| the premiums you pay on life, health, and auto | | | | credit line will be reported to the major credit |
| insurance will drop. So, what's the fastest way to | | | | bureaus, and your credit report will reflect this good |
| repair your credit problems? There isn't a single | | | | news fast. |
| solution, but many small steps you can take. Here are | | | | Secret #3: Do not pay off your credit cards in full |
| a few: | | | | each month. If you do, you'll actually end up with less |
| Secret #1: The piggyback method. If you are a | | | | credit. Think about it. Lenders make their money by |
| married woman with some or no credit, and your | | | | charging you interest. If you pay off your balance |
| husband has excellent credit, read on. You can | | | | each month, they don't earn any interest. Pay down |
| leverage his credit with the piggyback method. It lets | | | | your balances, but don't pay them off. This is a fast |
| you build credit in your own name, and at a much | | | | way to demonstrate to potential new lenders that |
| faster pace than if you had to build it all by yourself. | | | | you are credit-worthy. |
| Have your husband add you as an "authorized user" | | | | Secret #4: Automated dispute letters. The credit |
| or "secondary account holder" to his account. In most | | | | bureaus and debt collection companies all require |
| cases, his entire account history gets posted to your | | | | written correspondence from you before they will |
| credit report. The piggyback method is easy, | | | | act on any complaint you may have. If you've tried |
| effective, and extremely fast. | | | | to write effective dispute letters from scratch, you |
| Secret #2: Remove (some) negative items from | | | | know how time consuming it can be. Technology |
| your credit report. Let's say you request copies of | | | | comes to your aid! You can now get entire CD's filled |
| your credit reports, and discover five bad accounts | | | | with hard-hitting credit repair letters that you can |
| you can get removed. Don't remove them all | | | | customize for your credit repair battle. Now, creating |
| immediately, because then you'll end up with no credit | | | | highly effective letters is as fast as pressing a few |
| history. The secret is to replace them with good | | | | keys. You simply enter your name, the creditors |
| accounts first. | | | | name, and other relevant information. Then hit print. |
| The fastest way to add a good account to your | | | | It just doesn't get any faster than that. |
| credit report is through sub-prime merchandise cards. | | | | These are a just a few secrets for fixing your credit |
| These are nothing more than a card attached to a | | | | problems fast. The sooner you get started, the |
| line of credit that allows you to buy merchandise | | | | sooner your credit score improves, and your financial |
| from a specific vendor (usually the company that sold | | | | picture gets brighter. |