Ways to Help Clean Up Your Credit
If you suspect that you cannot get a decent loan because of your
credit, or would like to qualify for a better interest rate than you
would with a cloud on your credit, there are steps that you can take
A number of credit services, some funded by debt carriers, offer
personalized service to help you organize your funds and reduce or pay
off your debts. Depending on the exact nature of your credit problem,
you may be able to get quick help, or you may need counseling,
assistance, and a plan to follow.
Taking the first step is the important thing. The worse your credit
is, the longer it may take, but you will definitely feel better when
you whittle away at your mountain of debt and unpaid balances. The
trick is to manage your credit rehabilitation in a way that improves
your credit score, one of the means your credit is rated.
Consumer Credit Counseling Service (CCCS) provide free
professional counseling and some low cost services including budget
counseling, debt management planning, educational services, housing
counseling, and phone and mail counseling.
Debt management counseling will help you determine how much you really
can afford to pay on your billss; arrange affordable repayment plans
that creditors will accept; and develop a personalized budget.
Of particular interest is housing counseling that the service offers.
The CCCS is HUD-Certified on the home ownership readiness; default
resolution; delinquency and foreclosure prevention, and rent/lease
You can find more help at
Debt Counselors of America, which has an extensive list of free
editorials and suggestions about controlling debt and offers numerous
programs that assist in debt restructuring. They offer a variety of
publications and debt restructuring programs, including programs for
people who are current on their bills as well as for those who are
Like the CCCS, the
National Foundation for Consumer Credit is funded by lenders,
credit unions, community groups and other contributors. This nonprofit
network also provides credit and debt education and counseling for
repayment and debt restructuring.