Community News

A tips for bad credit. Freeze your debt by requesting that it be placed onto your credit

Freeze your debt by requesting that it be placed onto your credit and that you will notify the Credit Bureau once you’re ready to clean up your credit. This will stop the selling of your debt to others for profit. If the entities that loan you money can’t loan you any more money they’re not making money and if they’re not able to sell your debt to one another then their credit system has stopped profiting, so in time your credit will automatically restore itself so as to get you back into their system. Establishing good credit isn’t done by a credit score but actually its on the bases that your credit is alive; it shows a mixture of paid on time, paid more than amount owed, missed payments, payments that in time you caught up, payments closed for being unable to pay, etc. This type of credit is what investors are interested in rather than a score. The life of the credit shows the financial character of the person receiving the money.