Philadelphia is by far the most symbolic city in the United States. It was here that the Declaration of Independence was signed and the Constitution was ratified. Before Washington D.C., it was also the country’s first capital. Numerous monuments of the colonial-style blend with modernity, creating a breathtaking architecture of its historical past. The key place in Philadelphia is the Independence National Historical Park, which is home to Independence Hall, the building where the Declaration was signed. Who hasn’t seen the movie with Sylvester Stalone about Rocky Balboa? That iconic scene shot on the huge stairs in front of the Museum of Art with Rocky’s raised arms became an ingrained part of the city. Philadelphia is also home to the only surviving house of the famous writer Edgar Allan Poe, the precursor of the crime novel. Within the city, you will find attractions for lovers of history, cinema, and literature.
Unfortunately, Philadelphia also has the second-worst average credit score in the entire state of Pennsylvania. Get out of debt fast and repair your credit with our experts at Pyramid Credit Repair – one of a few reputable companies within the industry that has helped millions of people across the country getting their affairs in order.
Know how to dispute inaccurate information on your credit report
While we all know the importance of maintaining a good credit history, many of us still struggle with poor credit. If you were denied a loan because of your credit, you should know that it is entirely possible to fix your financial situation by boosting your credit score. This article will help you get started.
Use your inborn power of questioning and documenting your credit repair efforts. Erroneous reports can be the hardest to dispute from your history without taking all the necessary steps, sometimes repeatedly. It is essential to dispute a negative and inaccurate entry on your credit report, and it is as important to document your communication efforts with financial institutions. Once you decide to repair your credit, sending a dispute can help remove false information from your reports. If there are multiple items on your credit report that need to be disputed, proceed one at a time to keep it simple and organized. While disputing everything at once may seem like the best course of action, credit reporting bureaus may become suspicious and consider your inquiries frivolous.
Your credit report is available free of charge.
By law, you are entitled to obtain three copies of your credit report from all three major nationwide credit bureaus – Equifax, TransUnion, and Experian. Any company or person that denies or ignores this is probably trying to rip you off from the very beginning, which questions the ethics and morale of such a business. The credit repair industry has suffered enough from scammy, illegal activities of so-called specialists. Anything that seems wrong should be a red flag warning you to stay away from that commitment.
Find a quality guide to use while attempting to fix your credit yourself. It might be a great resource when combating past mistakes and financial mishaps. I will also serve you as an educational tool by presenting information the financial industry did not want you to know. Such guides are available all over the internet, provided you look into reliable sources.
While repairing your own credit is certainly possible, it is also a vast time-consuming assignment that may drive your patience to the brink of quitting. If you do not have enough organizational skills or time you can devote to the project, you may want to consider hiring a third-party credit repair company to do it for you. The process will not work to your advantage or your budget if you do not have enough persistence to finish the job successfully.
Tips and Tricks to remember:
- Avoid making frequent credit inquiries as those remain on your credit report for two years and can hurt your credit score. Having multiple credit inquiries, especially within a short period of time, can cause lenders to decline your application. Unless there is no other payment option available, stay away from applying for credit cards or loans.
- After filing for bankruptcy, review your credit report to ensure that everything is in its right place. Make sure the bankruptcy items are properly recorded.
- Do not close your paid-off credit cards or other accounts, as doing so will lower your credit utilization ratio – an essential component of good credit. Some creditors will close inactive accounts themselves, and in order to avoid that, make small purchases that you can quickly pay off.
- Begin paying off your debt by starting with the accounts that accumulate the highest interest rates. You may look into transferring your balances in order to get out of debt faster.
- Budgeting, or rather effective budgeting, is an integral part of getting out of debt and having excellent spending habits in the future. Seeing those savings accumulating in your account will feel good and will inspire you to continue ripping the benefits of a good and calculated system.
Knowing that you can escape the bad credit trap will motivate you to start the credit repair journey and maintain healthy financial habits. Once you begin applying the tried and effective techniques, you will see results in no time. Better credit and all its benefits will soon be yours to cherish.
Know when to keep your plastic in your wallet
Having a credit card is certainly fun and convenient as long as it is used as intended. Otherwise, we may fall into a vortex of debt. How can we use our credit wisely? What rules should we follow? What not to do with our credit cards?
Your credit card can be a beneficial financial product – a way to quickly get additional funds when your wallet is empty. It can also be our lifeline in emergency situations, such as when our business equipment breaks down, and we are forced to buy a new one rapidly. Here is a quick guide of how to manage your credit cards wisely:
- Don’t get used to paying for everything with your credit card, specifically non-essential items. It can and will get addictive.
- Don’t ignore your current statements, especially if your balances are way beyond your control.
- Don’t fall behind on payments – preferably, pay off your balances right away to maintain a clean slate.
- Avoid withdrawing cash unless absolutely necessary – a credit card is meant to be used primarily for cashless transactions.
- Pay attention to your interest rates.