You Don't Have To Live With Bad Credit

By Collins Deconle

Most people just have no clue where to start when it comes to repairing bad credit. Repairing bad credit can be a huge task if you don't know what you're doing.

You are going to discover how you can get rid of your bad credit yourself. There are a few steps you need to take.

First of all, get a copy of your credit report. Once you get your report, sit down and review it carefully. Note all incorrect and inaccurate information.

If there is information in your report that is not true, don't hesitate to dispute it. By law the credit bureau must investigate.

Send a dispute letter to the credit bureau which supplied you the report. If a disputed item cannot be verified, the credit bureau must delete it. If the creditor does not respond within a reasonable period of time, the item in question must be deleted. Once the investigation is completed, the credit bureau must provide you with an updated copy of your report.

If you disagree with the outcome, you can submit a consumer statement to the bureau, telling your side of the story. The law allows you to add a statement of one hundred words or less to your file.

After deleting bad credit items from your report, the next step is to build positive credit information.

There are many resources available that can help you rebuild your credit. I'd suggest you visit the website listed below to discover all the information, tips and guides you need to repair your credit.

Collins DeConle is the owner of http://www.aboutcreditrepairhelp.com This website is packed with all the information you need to wipe out bad credit and establish a good credit rating.

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Mortgage Refinancing After Bankruptcy - 3 Tips To Help You Qualify For A Better Rate

By Louie Latour

If you are considering mortgage refinancing with a recent bankruptcy on your record, qualifying for a good interest rate is essential for your new loan. Finding a good deal when mortgage refinancing can be difficult, especially if you have not built up your credit. Here are three tips to help you qualify for the best rate when mortgage refinancing with your financial situation.

I. Shop For The Best Deal When Mortgage Refinancing

Because you will be paying a higher mortgage rate due to your bankruptcy, it is important to shop from a variety of lenders for the most competitive offer. When you compare mortgage offers make sure you compare all fees and don’t get hung up on mortgage rates. Many people think choosing the loan with the lowest rate means they’ll get a good deal when mortgage refinancing. These homeowners overpay thousands of dollars because the neglected to take lender fees and closing costs into consideration when they picked a mortgage rate.

The Internet is an excellent resource when mortgage refinancing after bankruptcy. You can quickly research mortgage refinancing interest rates from dozens of national mortgage companies. Don’t stop at the mortgage rate, request Good Faith Estimates from each lender you are considering to perform a line-by-line comparison of each mortgage refinancing offer.

II. Consider Paying Points When Mortgage Refinancing

If the mortgage lender you find is not requiring you to pay points for mortgage refinancing, consider paying a point or two to buy down your mortgage rate. Negotiate with your mortgage refinancing lender for lower rates and better terms. One of the most important aspects of your negotiations is that your loan must not include a prepayment penalty. Once you have build up your credit you will be refinancing this loan with a traditional mortgage lender and do not want to be hit with a hefty fee. Paying a point or two might not only get you a better rate but might convince your mortgage company to remove a prepayment penalty.

III. Comparison Shop With a Mortgage Broker

Mortgage brokers can be an excellent resource for homeowners with a recent bankruptcy. Be careful with mortgage brokers, you have to watch them like a hawk as they are just like used car salesman when it comes to overcharging for their services. Mortgage brokers routinely mark up your interest rate to boost their profits at your expense.

You can learn more about mortgage refinancing after bankruptcy, including costly pitfalls to avoid by registering for a free mortgage tutorial.

To get your free mortgage tutorial visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinance information guide today at: www.refiadvisor.com

Mortgage Refinancing After Bankruptcy

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