Advocating for victims of unfair debt collection and reporting practices.
adam@alexanderfirm.com
248.246.6353
877.652.0183
17200 W, Ten Mile Rd., Suite 200
Southfield, MI 48075
FREE Initial Consultation

3 Ways to Rebuild Your Credit

Perhaps you overspent and couldn't afford your credit card payments, or maybe you lost your job and found yourself unable to pay. Regardless of why, you may be looking at a poor credit score. Fortunately, credit scores are ever changing and you can improve a poor score. Here are three ways you can rebuild your credit if it is low.

Bring Your Past Due Accounts Current

Your payment history has a huge affect on your credit score. Because of this, late payments and past due accounts will continue to haunt you. If you are looking to rebuild your credit, you have got to get your past due accounts current so they don't continue to drag your score down. You can either settle the accounts for less than you owe on them, though this can negatively affect your score initially, or work hard to pay down what you owe. But getting them out of the past due status is a must if you are looking to increase your score.

Pay Down Your Debt

Another factor that affects your credit score is how much credit you are utilizing. Ideally, you want to use no more than 30 percent of your available credit at any one time. If you are using more than this, your credit score may dip. Pay down your debt so that you are not using more than 30 percent of your available credit at any time to slowly improve your credit score.

Pay Your Bills on Time

The last way to rebuild your credit is to make sure you are paying your bills on time, every time. This is the best way to show creditors that you are taking your score seriously and working to improve it. Late payments will harm you and may show creditors you are struggling or aren't serious about paying your debts. It can be a slow process, but paying your bills on time can help to improve your score over time.

If you have questions about improving your credit score, contact the experts at Adam Alexander Attorney today! 

Life After Identity Theft- What Happens?

If you think identity theft can never happen to you, think again. According to the Federal Trade Commission, millions of individuals have their identities stolen every year. Identity theft can be terrifying, to say the least. Knowing what steps to...

Warning Signs of Identity Theft

Identify theft is one of the most pernicious crimes that exists in the modern world. Through computer hacking and other methods, a criminal can get possession of your bank and credit information and clean you out just as surely as if he had...

What is the Most Common Form of Identity Theft?

Identity theft is one of the scariest crimes in the modern world; you can lose your money, home, and reputation. What makes it worse is that identity theft can be easier than you think. Below are a few common ways that it can happen to...

Steps to Take After Your Identity Is Stolen

Identify theft is at the top of the list of consumer complaints filed with the FTC. There are many ways to steal someone's identity, and once a thief has your personal information, they can max out your credit cards, completely rain your...

Tips for Protecting Yourself From Identity Theft

Identity theft is sweeping the nation. It seems like hardly a day goes by that there isn’t a news item about some high profile hack on a major company, or a terrifying story about an individual’s financial integrity getting ruined by...

How Can Identity Theft Affect Your Credit Score?

Recent data suggests that identity theft is one of the fastest growing crimes worldwide. In the United States, it is estimated that nearly 15 million people fall victim to identity theft annually. When criminals steal someone’s identity,...

How to Get Your Credit Report

You have choices when it comes to viewing your credit report.  Initially when you apply for credit and are denied, (called an "adverse action" in credit industry language), you will receive a free credit report.  That report will...

Sure Debt Collectors Michigan

If you find yourself continually being called and harassed, and you are a resident of the state of Michigan, you may find yourself needing to sue debt collectors in Michigan. You have rights under the Fair Debt Collection Practices Act, and if you...

Michigan Debt Collection Laws

If you find yourself mired in debt, it helps to know the Michigan Debt Collection Laws that exist to protect you. Many times, phone calls from debt collectors are more than simply aggravating. Debt collectors have resorted to sleazy tactics to try...

Michigan Stop Collection Attorney

When you find yourself the victim of deceptive practices from a collection agency, you may need to hire the services of an experienced Michigan stop collection attorney. Since many consumers are not aware of the laws regarding debt collection...
Page: 12 - All