Credit Repair Pro Offers Fastest Route to Healthy Credit Score

If, like many consumers, your credit score has taken a hit during the recession, it will take more than a little effort to repair the damage and bring your credit score back up to desirable levels. Backlash from the recession has resulted in tighter credit standards and more onerous credit requirements. Obtaining a credit rating equal in stature to the high rating you enjoyed before the recession now requires more work, greater effort and achievement of a higher score than you had previously. Credit industry standards for good and excellent credit ratings have increased, establishing new, higher FICO scores for “good” and “excellent” ratings.

Consumers are willing to make the necessary budgetary cuts, reorganize their finances and work hard to re-establish an acceptable credit rating. The problem is that most consumers don’t know what to do or how to do it to effectively raise their credit scores. Savvy consumers realize that seeking professional help is the fastest, smartest path to restoring their credit rating. Credit repair professionals have the knowledge, training, experience and credit repair software to assist consumers in designing and implementing an action plan that will bring their credit score back up to a healthy level.

Before the recession, most people had all their financial ducks in a row. Wall Street investments, retirement accounts and savings were on track, promising a comfortable retirement in the future. The recession was like sending a pack of foxes into the duck pond. Investments and retirement accounts were bloodied or destroyed. Savings rates dropped to near zero. Not only was the cozy retirement you had been planning wiped away, but finding the cash for daily living became a trial.

As the economy has begun to improve, people are trying to get their ducks lined up again. Credit repair experts recommend a little tough love to start rebuilding your financial flock:

•Open a savings account to serve as an emergency fund. If you put 10% of your monthly income into your savings account, in a year you’ll have a month’s worth of income saved for emergencies.

•Pay bills, loans, credit card accounts, mortgages, etc. promptly. Every late fee chips away at your credit rating.

•If you get a sizable tax refund, adjust your W-2 exemptions to keep more money in your pocket.

•If you stopped making 401(k) deposits, it’s time to start back up.