I was told that I shouldn't bother paying off my debts (other than student loans), because paying it out won't change my credit score at all. It will still be lousy, so I might as well keep my money. True?
Get a free credit report yearly and check it carefully. The 3-4 credit bureaus allow you one free credit report a year. We were surprised to find a problem on ours that we did not know about. Home owners insurance premiums can be affected by your credit rating even if they are paid through your mortgage.
I am trying to rebuild my credit, and would like to know if there are any sites that I can go to that does pay later plans and also help with credit because I have bad credit and need help please.
You can get access your credit report from the three major credit reporting companies for free at annualcreditreport.com. Equifax, Experian and TransUnion are required by law to give you access to your credit report once a year for free. This website makes it easy to request this information.
Don't apply for credit if you think you will be denied. Don't try to apply for credit cards too frequently. Submitting too many credit applications in a short period of time can lower your credit score and make it more difficult to get credit when you really need it.
Keep in mind that your credit report may be tied to your spouse's. If your spouse has bad credit habits, it could effect your credit as well. Even a divorce will not necessarily eliminate negative marks against your credit since you may be held accountable for any joint accounts and shared debt.
There were comments on the Webby site about free credit reports. Dave Ramsey says you should stagger the requests; so that, once every four months, request one report per consumer reporting agency.
You may obtain a copy of your credit report free once every year. A good idea to do this as you will be informed of what your credit standing is as well as be able to check for any discrepancies.
