How to get out of credit trouble and start rebuilding your credit. Get your free credit report and score every 6 months from http://quizzle.com

1. Build Your Credit
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Getting out of credit trouble.

2. Quick Start Checklist
Get out of trouble and start rebuilding your credit.
 Start with your credit report and score to understand the problem
 Carefully review for errors and inaccuracies
 Analyze all of your current credit accounts
 List all the negative factors on your credit report
 Create a plan that starts small
 Focus on fixing one problem at a time
 Regularly update your credit report to track your progress
Get a Free Credit Report and Score every 6 months
from Quizzle.com
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3. Help for Your Credit
Smart tips to rebuild and keep your credit healthy
 Set calendar reminders for every bill
 Pay bills several days in advance to avoid mail delays
 Even better, setup automated bill payment
 Try to keep credit card usage under 30% of your credit limit
 Don’t close old or paid off credit cards (helps your credit utilization)
Paying all of your bills on time and keeping your credit
utilization low are key good credit basics.
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4. Paying Down Debt
Debt management is often the central issue in most
credit problems
 Review your credit report for your complete debt picture
 List all of your credit accounts, balances, and credit limits
 Order debt from smallest to largest outstanding balance
 Start small. Wipe out one debt at a time. Small wins motivate!
 Set a goal to get your credit utilization under 30%, then 10%
Use debt stacking to pay down your debts faster.
Credit scores love lower credit utilization.
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5. Good Debt Strategy
Getting your debt under control requires a plan.
Here are some quick tips.
 Stop spending for a week. Sort out true needs versus wants
 Use your credit report to inventory all your debt
 Make small changes to reduce your use of credit
 “Stack” your debt and pay off one at a time
 Set a goal. Review how your doing every month
Small changes make big differences. Ditch the $2.50 a
day designer coffee and get an extra $50 a month.
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6. Bad Debt Strategy
Shuffling debt and new credit offers are recipes for
disaster. Watch out for these debt pitfalls.
 Opening new credit cards so you can continue to spend
 Using 0% balance transfers. Gives a false sense of accomplishment
 Opening retail credit cards for discounts. You’re not saving money!
Spending less and paying down debt is the only
strategy that works. Shuffling, hiding, and avoiding
only make debt problems grow.
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7. How is Your Credit Doing?
Regularly review of your credit report and score
• Check for mistakes and inaccuracies
• Protect yourself from identity fraud
• Look for opportunities to improve
Get a Free Credit Report and Score every 6 months
from Quizzle.com
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