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Those years represent your rebuilding phase buthow can someone recoverfrom such a devastating financial blow?
Also here are some common myths about bankruptcy.
Since information can vary from one bureau to another, its vital to pull reports from all three agencies.
you’re free to pull fresh copies of all three reports for free once per week atAnnualCreditReport.com.
If theyre not, your credit score could be suffering unnecessarily.
If all else fails, you might file a dispute for free with the corresponding credit reporting agency.
Amounts owed is the second biggest factor, making up another 30% of your score, according toMyFICO.com.
A simple solution lies in secured cards, which require cash deposits that serve as the cardholders credit limit.
Since the issuer risks nothing, theyre usually open even to the least qualified applicants.
Consider a Credit Builder Loan
The bureaus also recommend looking into so-called credit builder loans.
But unlike traditional borrowing, credit builder loans dont give you the money upfront under the promise of repayment.
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