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Your Child's Credit History is Being Ruined: Stop SSN Identity Thieves

Your Lemon Law May be a Lemon: You Could be Stuck With a Very Expensive Lemon

New Clothes: Wash and Wear is Right - Get the Bacteria Out

Memo From Management to Labor: You Are Tools, Assets, and Resources - Deal With It

Final Facebook Twitter Post: Posting From the Grave - Online Last Will and Testament

Tuesday, January 11, 2011

How Do I Fix My Credit - A Simple Way to Help Yourself

How do I fix my credit is a question that's on the minds of thousands of people during hard economic times. Lay-offs and a bad economy take a toll on a families income. Families living on the financial edge with maxed out credit, get in a dilemma trying to figure out how to pay the bills and make ends meet when they lose a job. This is how many families and individuals come to have bad credit scores. This leaves them asking the question, "How do I fix my credit"?

Americans are resilient and resourceful but it can be a real bear to pay the bills if one or both of the income earners in the family lose their jobs. Some families resort to part-time and in home work to try to make ends meet. While that may work for some, this extra source of income ends up becoming living expenses for others. This leads to compounded frustration, mental and physical fatigue and even desperation. Statistics prove that money problems are one of the leading causes of divorce in the United States. This devastates families and can lead to many other problems. This is one of the many reasons it's so important to answer the question, "How do I fix my credit."

Unfortunately, many of us weren't taught sound financial principles as children and as young adults. Then we went out into the world and were swallowed up by quick and easy credit. Credit card companies mail credit card offers to college students that find the concept of buy now and pay later irresistible. Before long they're in debt up to their necks with no resources to pay off the debt. All of this credit card debt gets piled on top of their student loans. Students aren't the only ones that fall prey to easy credit. Some people see credit as the last resort in emergency situations. Others use it for a vacation or luxury item when they don't have cash to pay with.

The answer to the question "How do I fix my credit?" is a firm commitment to financial discipline, organization and flexibility. The best way to do it is with a proven system and with the help of an accountable partner. Something as simple as writing out a budget to keep track of your income and expenses is a good start. Fixing your credit may not be easy to do but it's certainly worth doing and worth doing right.

Here's some resources to help you get started.

How to Pay Off Debt by Organizing Your Bills

How to Pay Off Credit

How to Use MicroSoft Excel to Balance a Checkbook