Having bad credit is a very frustrating thing. This bad credit guide can teach you where you can find bad credit score loans. The banks are not going to tell you where you can find bad credit products most of the time. This is because they don’t want to advertise to people that might not pay them. This is a bad investment mistake they just don’t make most of the time. But My Money Mechanic has done a little research for you on the subject. We have found different banks that are more likely to lend money to people when they have bad credit.
Bad credit score loans tend to come with high fees and interest rates. But this is to be expected from bad credit lending products. We recommend that people only use products like these as a financial stepping stone to get to where you need to go. They are great when you are in trouble and you are trying to fix your personal finances in general. They are good for getting any bad debts you have back in good standing again. You would want to do this before trying to repair your credit.
Credit repair is a process where someone who has bad credit will use a professional service to dispute all the negative information on their credit report. They help you by sending out letters on your behalf to all the credit bureaus disputing the negative information contained in your credit report. This can be anything bad like late payments, charge offs, bankruptcies, judgments, old collection accounts, and anything else bad your creditors had to say about you. They want you to have bad credit because that means they make more money. These financial institutions all work together with each other. You are guilty of any information they report about you unless you prove your innocence. This process of credit repair is completely legal too. It is your right as a consumer to dispute this information like this to have it removed. It is just that no one tells you that you have this right. They just make it look like you better not screw up or you don’t get another chance. Well this is far from the truth. Anyone that wants a second chance financially can have one.
Our bad credit guide shows you how you can fix problems that you might have with all your typical bills you might have. We show you how to save money on your house payment, car payment, phone bills, insurance premiums, student loans, and more.
Our goal is to help you improve your financial picture by showing you personal finance tools that can be used to help you fix all your money problems. Fixing your credit with easy credit repair is just the first step in fixing your personal finances. You then need to fix all the problems that having bad credit has cost you. Like credit card and loan interest rates that are ridiculously high. We even show you were to find new loans and credit cards to replace all these lending products that you have a bad reputation with. This gives you a chance to start over with good credit and live comfortable for once.
In order to start this process first look for bad credit score loans that can get bad debts you have bad in good standing again. Or enroll in easy credit repair to eliminate this debt with professional debt settlement. This is where a professional will negotiate with a bank to settle your debt for a fraction of what you owed. They will then label your debt as paid in full.