People all to often ask themselves how do I fix my credit.
After helping a few friends through problems with their credit I think I have found the best method.
There may be quicker or easier methods however this method is the cheapest, most rewarding and the one that will last and have the best longer term impact on your finances.
Without a doubt the best way to fix credit is to do it yourself.
That can seem an impossible task however you will be amazed how easy it really is.
The crucial start point you need to take is to learn more about the credit process and how it works.
Sure everyone knows that if you are maxed out with debt to reduce your credit you need to pay back your debts, that is common sense and not much use to you.
What you need to do is learn how credit scores are formulated.
Once you know this you can do little things that will reduce your score.
As your score increases you should be able to refinance to lower interest rates that will enable you to lower your monthly repayments.
Once you do this you can pay back more and reduce your debts and your score further.
The above describes the snowball effect.
To get the snowball rolling you simply need to start learning about the credit process.
I did this by purchasing a guide for a small amount, a fraction of the cost of some so called credit repair services.