Monday, August 9, 2010

Credit Medic pt1

Hello Friends,

Many of us has felt a credit crunch recently. If you have good credit, bad credit, or no credit, the recent economic conditions has affected us all. Credit is and will be more important in the near future as this country moves more toward a cashless economy.

First is to increase your Credit IQ. The following are 3 books that will assist you with that:
  1. Rich Dad's ABC's of Getting Out of Debt
  2. The Complete Guide to Credit Repair
  3. Debt Cures They Don't Want You to Know About
While you read those books and increase your Credit IQ, you will discover the value of obtaining your credit report. These are the 3 main credit reporting agencies:
  1. Trans-Union
  2. Experian
  3. Equifax
You are allowed to get 1 credit report free from each agency every year. You can contact each one individually or you can get all three from one place.
The next information you need to be aware of is your Credit Score. Your score is not free but you can get it from one of the agencies mentioned above. They all offer some sort of program that will give you access to your scores as well as offer monitoring and other services. Take a look at all three and decide which one you prefer. You want to be sure you pick one that gives credit scores for all three agencies.

There are also third party companies that you can get your credit score and monitoring services but I'll let you look into those yourself. You see some of them on TV with catchy songs. Those companies are good if you prefer to go that way but do the research for yourself.

Take some time to acquire this information and in part 2 I will go over some tools that you can use to begin to repair any damage to your credit you may have.

The Credit Medic is on the case!


"Building Wealth One Friend at a Time"

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