Bad Credit Tip #1 - Have that collection removed

I see it all the time, people trying to do the right thing and clean up their credit, but doing it the wrong way. One of the easiest, but top mistakes I see people make when cleaning up their Bad Credit is to pay off or settle a collection and not insist that the company stop reporting to the credit bureaus.

It's simple to do, just insist that before you pay the company will stop reporting the collection. Make sure to get an actual commitment and not some round about we'll see what we can do. Preferably get it in writing.

The reason this is so important to cleaning up Bad Credit is because you don't want any sign to future lenders that an account had to go to collections before you were willing to pay. Not to mention, it will drag on your score for some time to come.

Repairing Bad Credit can save you thousands in the long run with lower APR's on vehicles, mortgages, etc... It's also a little embarassing to get turned down for a loan in public. Do yourself a favor and review your credit today Fico Scores/Reports

Take care and beware,
J the Car Guy