Good Advice On How To Improve Your Credit
There are many simple things you can do to help improve your credit. The first step is to get solid, trustworthy information on credit--how it affects you as well as how you can improve your credit score.
If you're looking for plain talk and expert know-how to overcome credit issues and improve your credit score, you've come to the right place! At Countrywide Bank's Full Spectrum Lending Division, we are specialists when it comes to the most popular home loan options available to homeowners to help improve their credit. Whether it's debt consolidation, a cash-out refinance or home equity loan, our Loan Consultants are waiting to answer all your questions at 1-800-909-8217.
If you are feeling daunted by credit issues, why not give us a call? We'll help you compare your loan options today, so you can choose a path that helps improve your credit and realize your dreams tomorrow. You may even qualify for a prime loan.
Countrywide can also recommend the following federal information resources for trustworthy advice on how to approach personal finance and credit problems:
Federal Trade Commission
http://www.ftc.gov
Consumer Information Center
Pueblo, CO 81009
719-948-4000
http://www.pueblo.gsa.gov
Things To Avoid If You're Trying To Improve Your Credit
People who want to rebuild credit may feel overwhelmed by debt or the maze of financial options. That's a vulnerable feeling--which makes it all the more important to seek the advice of trusted advisors and turn only to reputable companies. Be very wary of companies that promise to fix your credit problems for a fee. They may charge you a lot of money and achieve poor results or even worse, they may be operating a scam.
Some credit consultation companies may even suggest that you file for bankruptcy to "clear" your debts – yet this may be very bad advice! Bankruptcy should be your very last resort, as it is very damaging to your credit report. Bankruptcy can stay on your credit report for up to 10 years, which will make it very difficult to get the credit you need to rebuild your future. It can even negatively impact your chances of getting a job.
Instead, Countrywide recommends that you contact only a reputable consumer credit counseling organization or referring agency, like the ones included below. Trusted organizations like these can provide you with reliable information to help you work on long-term solutions for overcoming debt and improving your credit score. And remember: another good source of support is the help of a trusted mentor—respected friends or family who are strong financial role models—to help you form better habits to improve your credit.
Amerix Corporation
8390 Stanford Boulevard
Columbia, MD 21045
1-800-833-8628
http://www.amerix.com/Customers/Home.aspx
National Foundation for Consumer Credit
8611 Second Avenue, Suite 100
Silver Spring, MD 20910
1-800-388-2227
http://www.nfcc.org
This guide will help you learn more about improving your credit:
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