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Bad credit can ruin not only your reputation but also your life. Without a good credit score you cannot get access to the best loan products and the best interest rates. Most banks and lenders will shy away from you and you will be left to deal with loan sharks that will put you into more debt. The solution is to rein in your expenses and perform credit repair so you can manage debt more efficiently and will result in a better credit score. Here is the 2019 guide to credit repair.

Get the Collection Calls To Stop

The biggest challenge most people have when it comes to tackling credit repair is just getting the strength to begin the process. When debt collectors are constantly harassing you it can be quite difficult if not impossible to move and begin. What you are going to do is to write formal letters to collection agencies to make an official request that all communications with you should be done via mail only. This will give you the necessary breathing room as well as establishing a paper trail that you can take advantage of when beginning credit repair. You also get the chance and the energy for that matter to deal with your finances on your own terms without having to have a panic attack each time your cellphone rings. Begin by getting control of your credit collection so you can get on the correct path to having better credit.

Review Current Financial Situation

Knowing where you stand is a good gauge and an amazing way to getting your credit repair campaign started. Get a free credit report from each of the three major credit organizations: Experian, TransUnion and Equifax. If you have been denied credit or employment because of you credit file, you also can get a free credit history report even if you already got one previously in the same year.

Check for Correctness

Once you have the report, read and understand its contents. Check to see if all the listed information is correct. Keep in mind that a lot of aspects go into computing your current FICO score. Sometimes there is outdated or erroneous information on the report that could cause your score to go down more. Alternatively, you might discover missing good information that can help increase your score for the better such as a lower loan balance. By updating or adding the right information on the report, your score can get better.

Checklist for Report Accuracy

Incorrect Amounts Owed – This refers to amount owed that is listed erroneously resulting in a report that does not accurately reflect amount of credit used. High use of credit will have an adverse effect on your score.

Wrong Account – If you have no memory of a debt there is a chance that it might not have been yours in the first place. All unknown debt should be scrutinized.

Erroneous Delinquencies – Refers to items listed as being paid late even though you paid them on time. Any late payment will have a negative effect on your credit score.

Inaccurate Reporting of Collection Accounts – Some collection companies are unscrupulous enough for placing information on a credit report for the purpose of extorting money from unwary people. Be careful of this.

Duplicate Collection Accounts – A debt or account should only be listed once. If the report shows it was listed several times by the same group or by competing groups, all but a single listing should be removed.

Wrong Judgment Information – If a judgment has been erroneously listed, it should be investigated. Judgments can hurt your credit score or dampen your chances of securing a loan. Any wrong information regarding the judgment may be disputed, even if most of the info is accurate.

Look for Zombie Debt

When running through your credit report, do pay special notice to the dates and check that any current negative items are still eligible to be listed on your account. Re-aged accounts can be listed with more recent dates that are not correct. Truth be told, this is a common practice of debt collectors in order to force you to pay for a debt that is past the reporting limit. In some situations, the statute of limitations have already come and gone on these debt collections in your area of residence. In instances like these, the best solution would be to dispute the debt as paying it would have little or no impact on your score. Moreover, the credit bureaus are only interested in information that is verifiable and accurate.

Hire A Professional Credit Repair Company

If you think doing credit repair all by yourself is something you do not have the time or knowledge to pursue. Talk to a credit repair company so you can take a load off your chest and let the professionals do the heavy lifting for you.

Repairing credit does not happen overnight. However, with the right guidance and discipline on your part you can make it work and achieve a score you can be proud of.…

You might be looking to get away for the holidays. Maybe travel to another country. Also you may be on a business trip no behalf of your company. During your travels you may need a car for mobility purposes. Also a car may be a prerequisite due to the nature of your business in the said location. Because of the same often people turn to car rental services in order to acquire a car on short term basis. An option that is appealing to most.

However, you do need to worry when renting a car. Some companies may exploit your ignorance through some hidden charges that end up blowing the estimated cots of the rental right out of the water. You need to be smart when renting a car. The following are car rental tips on how to be money-wise:

Research Car-Rental Agencies Prior

There are major international car-rental agencies all over the world. And they offer good cars at fairly competitive rates. However, depending on where you are traveling, the local agencies could offer lower rates. Check into the local agencies, such as the awesome folks at Eastex Auto Rental – car rentals in Beaumont TX, and do some research to see whether they meet the quality of the international car-rental agencies. If so you should consider renting with them as opposed to the international agencies.

Also check on the availability of lower rates for major international and national organizations, flier programs and credit card programs that you might be a member of. Frequently they offer discounts for the same. You might find exclusive discount rates as an employee of certain companies.

Hidden Costs: Insurance and Gas Costs

One should seriously beware of hidden costs when renting a car. The costs you see displayed in big print may not be the actual costs of renting the car. Hidden additional costs may inflate the costs of renting by as much as 200 percent. The advertised rate may be very irrelevant. Costs such as local taxes (Value Added Tax), insurance bills and gasoline bills may inflate the advertised cost to unexpected values. You may even end up paying double of the price you bargained for. The following are the two main costs you are likely to encounter and how to circumnavigate around them to avoid being exploited for every nickel and dime:

Insurance Costs

This is one of the most common extra charge of car rental agencies. For some extra dollars you are relieved of any liability due to damages on the vehicle. Unless found guilty of gross negligence. Insurance is an option in numerous stares in the U.S although in a few it is compulsory and inbuilt in the cost of renting the car. Prior to purchasing the insurance policy check your own insurance. It might cover insurance in a rental car. If it does there is no need whatsoever to purchase the extra insurance. Also, your credit card may provide insurance for the same if you paid for the rental using your credit card. However these policies may have limitations and restrictions on the coverage they offer. These limitations may force you to reconsider your stand on purchasing the extra insurance. An accident in a rental car could affect your existing car insurance policy. If you are not comfortable with the extra risk you may reconsider purchasing the extra insurance as it may be worth it.

Your best bet with insurance costs is to check with your current insurance policy. If you are comfortable with it there is no need to acquire the extra insurance.

Gasoline Charges

You may find yourself paying extra premium costs due to returning the rental car with an empty tank. This may make you want to fill up the tank before returning the car thus resulting in extra gas costs that you did not anticipate for. The smart move is to go to a company the offers the option of purchasing a full tank with your package. This means you can return the car with as much or as little fuel as you want. You will be offered no discount however on unused fuel. You would best do some shopping on your own. This way you can acquire the car on low to no fuel and purchase fuel with a better price per gallon on your own so that you do not pay the premiums of returning the car with an empty tank.

Conclusion

It would be best to put these tips to mind the next time you may require a rental car so that you can save on hidden costs that may result in over inflated costs that could blow your budget.…