There are a lot of companies out there that will help you settle your debts. However, they can be expensive. Sometimes it just makes more sense to do it yourself with some help from a program such as an AA.
You can get the proper education for free and many of them also offer credit counseling. This is especially important if you find that your debts are actually starting to take a toll on your credit. You may be shocked to find out just how much of your credit card balance is actually being charged off. You might also learn how to avoid making the same mistakes again.
If you are able to find a company that offers a free aa courses then you won’t need to pay for anything until you complete the course. Most of these courses can be completed over a six to seven month period. Then you’ll be ready to start planning how you can get out of debt. Of course, you will probably need to seek the services of a professional in order to actually use the plan properly.
The credit counseling part of the coursework is where you will use the information you learned to work on ways to improve your credit rating. You will need to dispute all of the accounts on your credit card with the credit card companies that are reporting bad credit to the credit bureaus. This is not as difficult as it sounds. Most people will know how to do this right away.
Once your credit has started to look better, you will need to start saving. This is actually easier than most people believe. When you have bad credit and are looking for ways to improve your credit rating start by getting a credit card that offers an a fee. Some even charge less than fifty cents a month. If you can’t qualify for the best one you can use the one with the lowest aa.
With the new lower aa fee you will be able to pay down your credit card debt faster. This means more money in your pocket and less interest to worry about. If you are thinking about applying for another credit card, be sure to check the credit card acceptance rate. Most of them do not accept everyone so be sure to apply for one with the best approval rates.
Is a credit card for you? If your credit rating is poor, keep in mind that you can use this one to start improving it. The best thing you can do is get a credit card that only requires a small ad on your line of credit. Then start to build up your credit rating by using it on time and paying it off every month.
When you have been approved for a credit card you will need to make sure you keep your balance paid off. This is the only way to improve your credit rating. By keeping a high balance on your card you will show the credit companies that you are a good risk. Eventually they may offer you a card with a lower aa and you will have to start paying it off like you would a regular card. This isn’t going to happen overnight but over time your credit rating will improve.
When your credit has improved, ask yourself if a Canadian company will approve you for a business credit card. There are some of these available and they work very differently than most credit cards. Most Canadian companies only give out a business credit card to people who have at least a bad a rating. They also require proof of income. However most of these companies don’t check your credit at all. They simply look at your income proof and your business references.
If your credit rating is still poor, you will have to search for non-business credit card offers that do not require a credit check. However you should still compare several companies before deciding which one to apply for. The key difference between a business card and a regular credit card is that you don’t have to pay monthly interest on your purchases. This can be very important because even with bad credit you will usually still have an ability to make monthly payments even if your credit rating is poor.