Advice on Credit Restoration?

The easiest credit card to get, is a secured credit card. They're easier to get because money's set aside as collateral to establish a matchig credit line. You use $300 as collateral, then your limit would be $300. The more thats used as collateral, the higher the limit. Make small puraches that can easily be paid off in full on time every month. This way, positive credit can start building.

AVOID ATM TRAPS

Cover your hand when you enter your PIN so a camera cannot record it. Use an indoor ATM - less likely to be tampered with. Use signature option with retailers instead of PIN. Set up weekly or daily bank alerts to send you account balances. Make sure bank has current phone contact numbers at work, home, and cell.

AVERT THE CREDIT REPAIR RIP-OFF

The ideal way to avoid poor credit and deceptive credit improvement services is to do a periodic credit report review. Reviewing your credit profile is important because the information in your report impacts the cost of insurance or loan interest. Ensure the information is accurate, complete and updated before applying for a mortgage loan. Periodic checks helps to avoid identity theft as well.

Credit Restoration and Beating Debt

Much of your credit score is reliant on how much unused credit you have uncommitted. If you have a credit card with a $2000 limit, it will improve your credit score when there is a balance of $20 - leaving you $1980 of unused credit. It will lower your score if you have a balance of $1900 - leaving you $100 of unused credit.

3 Reasons for Credit Restoration

1)Bad Choices: failure to make payments or using debt settlement services.
2) Unanticipated Circumstances: job loss, divorce or medical catastrophe.
3) A Victim of Identity Theft: can wreak havoc on any one's life.

Tips to Bounce Back From a Credit Score Disaster

Review your budget; get a copy of your credit report; contact your lenders; pay bills on time; stay at your job; use new credit wisely; beware of scam artists.

Five Biggest Factors That Affect Your Credit

Payment history 35% - Amounts Owed 30% - Length of Credit History 15% - New Credit 10% - Types of Credit in Use 10%