Today we want to talk about how you can get a loan if you have bad credit and again, I cannot emphasize how important it is for you to understand that everything that you desire, that next deal is within your finger grasps. If you have no money, it's just inches away and if you don't have the credit, it's inches away. You know credit is a commodity and I want to help you understand what I mean by this. Credit can be bought and sold, it can be traded, it is a negotiation tool and credit should never be a reason for you not to get that loan. Today, I'm going to share with you two different ways on how you can do that.
Basics on Improving Your Credit Score
- Getting your credit score up is actually really simple, pay your bills on time. Now I know that that may seem like a simple bit of advice but the reality is so many people will let it go, they aren’t budgeting appropriately, so they sometimes let a bill go a few days late or whatnot, that's going to hurt your credit all day long but if you will begin to just pay your bills on time that will increase your credit score.
- Another thing, if you have credit cards, they want to see that you have credit lines that are there revolving, that are working like a car loan, those kind of things add to that but if you have a credit card making sure that it doesn't go above a third and make sure you are paying it back off, that's going to improve your credit as well.
The first way that I want to share with you is not very exciting, it is called credit repair. There are reputable companies out there that would charge between $1,000 and $2,000 and in a matter of months, usually 2 - 3 or 6 months they are able to go on to the credit bureau and refute some of the things that have created the bad credit. And what they will do is they will bring a legal team to the table and lawyers. And these lawyers know how to write letters that these credit bureaus and companies are not prepared to respond to so they have to drop it. Whether it was legitimate or illegitimate why their credit isn't good, frankly credit repair is something a reputable company can take care of that for you. More details here: http://www.ugandanactuaries.com/getting-the-best-homeowner-loan-even-with-poorer-credit/
Have Someone Else Secure the Loan That you Want to Get
But today you might be sitting here thinking, but I don't want to write a $1000 or $2000 check and I want something even faster, okay I get it. So here is another option; have someone else secure the loan that you want to get. Now this is different than cosigning, I'm not suggesting that you take bad credit plus good credit equals good loan. No, bad credit plus good credit mixes and creates not so good credit. So instead, you need time to work on your credit and make sure you got a plan for that. Eventually, do that credit repair thing, keep your nose clean but what I want you to do is think about who you know in your life that loves you, cares about you, and trust you, that's a very fast option.
If you have got a bad credit, do yourself a favor by making sure you are going through the process and keep your eye on the ball of getting your credit repaired.