Repair Bad Christian Credit
Bad Christian credit repair can be a lengthy process for those who are unaware what their report says about them, especially if they have had financial difficulties. Because every person is entitled to one free credit report a year, anyone can have access to this financial record and should check it to make sure it is accurate. Using this service can help people repair bad credit, as they get a picture of their finances as seen through the eyes of creditors.
When people see their report for the first time, they may be overwhelmed. Some suggest using highlighters of different colors to separate the items and categories such as paid, paying, delinquent, and questionable. The items highlighted for paid use as a motivator and encourager. The paying debts need to be included in a monthly budget so as to become 'paid'. Furthermore, when the report is broken down into categories, it will be easier to discern whether there are any errors in the reporting.
The first step to repairing finances is to address the delinquent debts with the companies requesting money. Many times creditors will set up payment plans to help people repair bad credit. But, before calling them, the debtor should make sure enough money is budgeted for delinquent debt that will be distributed over all the delinquent debts. When the debtor has a monthly amount in mind, they then can call the creditor and start negotiations. After coming to an agreement with all the creditors, it is important to take the time to map out how long it will take to pay off the debts. Hopefully this will be an encouraging light at the end of the tunnel.
Those who choose to seek out a company to help with repairing debts need to make sure it is a legitimate company. A legitimate bad credit repair company will want to pay off all the debts, will not immediately suggest bankruptcy, and will not require large upfront amounts of money. By law these companies cannot require the debtor to pay the company until all their debts are paid. If someone has already sought out services and gotten ripped off, don't give up. The government is there to protect and defend those people. There are local authorities to help reconcile a negative experience.
Everyone should seek to make things right with their finances. Bad credit repair is one way to begin the journey to a healthy financial future. As will all circumstances, people can "seek ye first the kingdom of God, and his righteousness" knowing that when they do all things will be added unto them (Matthew 6:33). God will help anyone with a financial situation, especially those wanting to repair bad credit, when that person looks to God to direct the path.
To repair credit after bankruptcy, restoring credit and keeping a good name when it comes to finances is a noble endeavor. Even after having struggled with money problems in the past, a bad credit history can still be restored. Past mistakes don't have to rule forever. Making new and wiser decisions will help tremendously when it comes to finances. Financial burdens from the past can remain in the past and a new financial future is possible. Falling down is not what cripples us, failing to get up again is the disaster.
When beginning to restore credit, it is most important not to make the same mistakes again. Setting priorities by paying bills on time and not spending that which is not available is a good beginning. Getting a copy of a credit report can also let a person know exactly what needs to be dealt with. Trusting the Lord with problems is probably the most important first step anyone can take. None of us are perfect and our God understands that we are going to make mistakes. That's another wonderful thing about our God, not only does He forgive mistakes, He promises to help us when in trouble.
One of the greatest things in life is that God can do anything. He can take past mistakes and turn them into something good. Romans 8:28 says that, "And we know that all things work together for good to them that love God, to those who are the called according to his purpose." God is able to take negative things and reverse them. The same is true with our finances. God can use people to help repair credit after bankruptcy in their lives and help to restore credit and become financially whole again.
Talk with professionals about the situation. That's what debt counselors are for, it is their job to help restore a bad credit history. Talking with professionals and trusting that God will make things work together for good can be the firm foundation that is needed to start over again. There are many companies, and many of them Christian companies, who will help repair credit after bankruptcy. Their main aim is to get the customer out of this financial pit that has been created and to create a debt free future. Let God and other professionals help to restore credit and the ability to be a good steward of what God has entrusted.
Repair Christian Credit HistoryTo repair credit history takes some time and effort on the part of the debtor, but it is time and energy well spent if it gets a creditor back into the good graces of the business community. First the debtor must get copies of his or her historical financial report from the three reporting agencies. These reports are available at no charge once a year. The first matter to address when trying to repair credit history is to address whether there are any creditors who have put negative information in the file being disputed. Contact the creditor with whatever documentation available to back up the claim, and ask that the information be corrected with the reporting agencies. At the same time, report the dispute to the agency as part of the effort to repair credit report since they are required by law to investigate in order to make adjustments and corrections.
Sometimes unforeseen circumstances such as job loss, divorce, or medical problems have caused late or missed payments that are reflected on the personal record. To repair a financial history of this kind, contacting the creditor with an explanation is the first step. Requesting an adjustment in the payment schedule until getting back on one's feet will often be effective when seeking to repair credit report. Also ask at this time that they remove the bad payment report. If there have been no extenuating circumstances, but the borrower has gotten himself overextended, the process will be more complicated. There are companies on the Internet who offer to repair credit report for debtors. They will sometimes arrange for consolidation of debt as the means to do so. This is often the answer, because payments are then smaller and extended over a longer period of time at a fixed interest rate.
Be cautious if thinking of engaging a credit repair company to repair credit history, as some do not have the borrower's best interests at heart. If they suggest creating a new financial identity, don't fall for it. Serious trouble can occur when all that was wanted was to repair credit report. If they say they can remove bad credit or bankruptcy instantly, that isn't true either. Bankruptcy stays on a personal financial record for ten years by law, and other negative credit information is kept for up to seven years. Only a conscious effort and a personal repayment plan will repair a financial record. Honesty is stressed in the Old Testament, and it's just as important today. "Use honest scales and honest weights, an honest ephah and an honest hin. I am the LORD your God, who brought you out of Egypt." (Leviticus 19:36)
Repair my credit rating is a thought that runs through many peoples minds when they find out what their credit report looks like. The question on the tip of many peoples tongues is how to do this. When thinking about financial reparation, think about what it was that caused the problem in the first place. If money was spent irresponsibly, that would be the first area to focus on to avoid the need for financial assistance in the future. Then after that, the best way to begin on the road to financial indebtedness may be to take out a loan and pay off a credit card, where the balance may be slow to decrease due to high interest rates.
When the thought occurs, "I need to repair my credit rating", then thinking about budgeting as a number one priority is the most prudent beginning. Rebuilding a financial history may take time, but that time is well invested if any financial freedom is desired. Learning to budget money is a necessary evil, so to speak, as it may protect from repeating the same mistakes with finances. When changes are needed, attention has to be paid to what is being spent and how much and the harder question of, "do i really need this?" If I want to repair my credit report, then I have to pay attention to finances. When making a budget, look at how much money is coming in as opposed to how much money is going out. Bills, of course, are the priority here and paying on time also helps in the formulating of a better repayment or financial report.
Once the budget is formulated, it will be much easier to take the step to repair finances. If I want to repair my credit rating, then I must be consciously aware of my spending habits all the time. In order to repair my credit report, it is important to pay attention to the habits that Christians have formed and to begin new ones. Before making a purchase, look at the budget, consider the need and think of the future, and don't spend money that is not readily available, in other words, do not go back into debt.
Finally, in taking the next step to repair financial reports is to take out a loan that can readily be paid back as this will begin to repair my credit report and my repayment history also. When doing anything that deals with money, we all need to honor the Lord in how we are spending this money. He wants us to be good stewards of money. In that we will see true peace and everlasting joy. "The king shall joy in thy strength, O LORD; and in thy salvation how greatly shall he rejoice" (Psalm 21:1)