You can’t like what you do. You have to love what you do. – Tex Earnhardt
improve credit tips

10 WAYS TO IMPROVE YOUR CREDIT SCORE

If you feel like you are alone in the battle with a poor credit score, well the truth is you are not alone. There are more people more than ever before who are facing the dreaded bad credit score which isn’t allowing them to receive the loans and interest rates they want. The problem isn’t necessarily your credit score, it is the fact you aren’t being proactive to actually improve your credit score. Yes you can continue to make payments on time or pay off a past due balance which is comprised of roughly 35% of your credit history and overall scoring, but to really get your credit score back on track, you should make some additional actions. Such as:

Get a Copy of your Credit Report Annually

You can actually receive one free copy of your credit report each year from places like Annual Credit Report. From here you can start to do both of the following: First off you want to try to negotiate with creditors, because you will be surprised how willing they are able to work with you if you are having trouble making full or on-time payments. Or if you are looking to negate old 30-day, 60-day and even 90-day past due reports, if you can prove to the creditor that you are able to make payments on time, in some cases they are willing to remove those past due actions on your report. Second step, if the creditors aren’t willing to work with you and you are certain their are errors on your report, dispute credit report errors in hopes they will be removed, thus improving your credit score.

Seek Counsel and Remain Patient with Poor Credit

If you are still having trouble managing payments on time, or the full amount, if you feel like you are losing your mind, the best thing to do is remain patient, and to seek professional counseling with a consumer credit counselor. If you are someone worrying about your inability to purchase a new vehicle with an approved auto loan, then you should seek the help of Ask Ms. Ed.

  


TOTALLED TRUCK WITH A BALANCE ~ASK MS. ED

Dear Ms Ed:

My truck was totaled and the insurance company is paying off most of the loan but I will still owe a few thousand when it is completely settled. I need a truck now but I was told by another dealer that since my credit is not perfect, I will have to wait until I pay off the entire balance before I can qualify for another loan. I am in a rental but I have to return it at the end of the week and have no way to get to work. Can the Mr Ed Department help me even though another dealer told me I have to wait?

“Total”ly Troubled

Dear Troubled:

YES! The Mr Ed Department can help you. While some lenders require a your loan to be paid in full, many do not, and choosing a dealership who knows where to place your loan can make the difference between you driving or walking to work. You “totally” went to the wrong dealer! Let me go to work for you – call my Loan Approval Center at 800 217-MRED (6733) or logon to mred.com and we will get you approved TODAY! We may even be able to finance the payoff on your old truck in the new loan. Put an end to your troubles and contact me now!

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