« Downward Spiral of Bad Credit | Main | Remove Emotion from Money »
July 06, 2007
Credit Repair for Dummies
I have been talking a lot about the cost of having bad credit. Bad credit puts you in a terrible place because lenders perceive the money they lend to you as high risk debt and therefore the banks must reduce the risk by charging higher fees and interest rates to ensure they remain profitable.
Increasing fees for people with bad credit eliminates the risk of charged off debt. Charged off debt is money that is owed to the bank that they never receive due to inability of the consumer to pay.
Because of the astronomical fees I have been strongly recommending the Imagine Gold MasterCard because of the lower fees. The fees are lower with the Imagine Credit Card because the line of credit is lower so there’s less risk to the bank.
The Imagine card is the perfect card in my opinion for restoring your credit score.
I believe that when you have bad credit it is usually due to lack of financial education.
Today while researching some credit card offers I came across a really cool credit repair and educational package. It’s Credit Repair for Dummies.
Even if your credit is good, you should always be working on increasing your financial intelligence. The Credit Repair for Dummies package is an exceptional educational resource that can help you save money, dig yourself out of debt and repair your credit score.
The package always includes some incredible bonuses such as 101 Ways to Stop the Money Leak plus lots more about saving money. When you save money you can pay off debt.
Hint – Paying off debt will improve your credit score.
Get your credit on track, Get Credit Repair for Dummies and change your financial picture today!
Trackback Pings
TrackBack URL for this entry:
http://www.crediteria.com/cgi-bin/mt/mt-t.cgi/265