Credit Repair and Credit Restoration --
Ten Tips Consumers Should Remember

Most consumers and real estate investors have found themselves to be heavily reliant upon credit cards and credit for most of the important purchases in their daily life such as purchasing a Flat Screen TV or a new washer and dryer, taking out a loan to buy a car or buy a house. Paying off these debts over time will sometimes cost as much or many times more than the cost of the original purchase.

These monthly payments can create a very serious cashflow burden on the consumer or real estate investor. The amount of that consumer debt is heavily dependent on the interest rate that is charged. And that interest rate is very dependent on the credit score of the consumer or investor. Substantially raising one’s credit score can reduce one’s interest payments buy hundreds or even thousands of dollars per month.

It is of great importance to you to use these valuable tips below, so that you are able to continuously utilize your credit and maximize your potential.

	Tip 1 :	ALWAYS know to whom you are giving your personal information
	Tip 2 :	Pay ALL obligatory debts ON TIME as agreed
	Tip 3 :	Minimize your debt to credit limit ratio!!!! Remember the magic number is 30%.
	Tip 4 :	BUYER BEWARES!! Upon shopping for ANY loan, state to the broker/creditor that you will only authorize your credit be pulled ONCE!
	Tip 5 :	NEVER close any account which reflects 2 years (or more) historical data. Remember: When building credit, 24 months constitutes credit history!!
	Tip 6 :	As your accounts accrue “age” or “history” your FICO scores will consistently reflect that your score(s) have increased.
	Tip 7 :	MONITOR YOUR CREDIT REPORT EVERY 30 DAYS
	Tip 8 :	Becoming an authorized user on a seasoned account with good history will raise your FICO score(s) immediately.
	Tip 9 :	Upon restoring your credit, it is advised that you inform your creditors that your account should be updated!!!

When you see that your FICO scores are on the rise, your interest rates should be declining!!! Remember, this is something that you must request from each of your creditors.

It is unlikely that creditors will offer better interest rates to you automatically. They may be present the opportunity for a credit limit increase (at the same interest rate). Is this really a good deal for you? NO!

If you are offered a credit limit increase, accept such on your own terms!!!!

**A higher credit limit at a lower interest rate allows you as the consumer the ability to use your credit to your advantage!!!!!**

Remember: this is what you have been working for!

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