Debt Relief: Difference between revisions

Debt Relief (view source)

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 For those who need assistance managing their credit there are a variety of choices and options available. In an article by Hispanic magazine, financial author Julie Stav explains what a [[Debt Relief:Bibliography#Self Help | FICO]] score is, how credit bureaus calculate it, and ways to improve your score. An article by U.S. News and World Report states the following steps to keep the score manageable:
-) Pay bills on time.
+# Pay bills on time.
+# Pay down debt.
-) Pay down debt.
+# Maintain long-term credit relationships.
+# Do not apply for too many loans.
-) Maintain long-term credit relationships.
-) Do not apply for too many loans.
 A great self-help guide to consider is Repair Your Own Credit which instructs debtors in how to repair and reestablish credit. It also lists organizations that will give free or low cost assistance in helping one stay out of debt. NEA Today, refers to credit management agencies such as Equifax and warns people about credit repair clinic rip-offs. These agencies do not do anything that you cannot do yourself. The counselors at Credit Union Magazine suggest that bankruptcy be the last resort in debt relief.