It is possible to purchase a survival kit for all sorts of emergencies these days. If you happen to reside in a place such as Florida, you would most likely have purchased a “hurricane survival kit”. For those living in the states further north a winter survival kit that you store in your vehicle in case of snowstorms is more appropriate. So, we thought that it was about time that someone thought of a survival kit for all of those people who are finding themselves falling further and further behind in their payments, with their debt burden spiralling out of control. This kit, which we have aptly named the “Credit Repair Survival Kit” contains all the things you may need to beat any form of problem with your credit. Here’s what’s in it:
One elastic band - the purpose of which is to wrap around you wrist to ensure that you make those necessary payments on time. We all know the problems that can occur when we fall behind with our payments!
One length of string or twine - the length will vary according to your needs - to tie up all of the “loose ends” in your financial management. You must be more organized! Work out where all of the money is “leaking” from and start on a genuine repair program for your flagging credit.
One pen. This will make it easier for you to complete any letters of dispute or other necessary communication between yourself and your creditors. It is good advice to ensure that all communication between you and the credit providers and debt collection agencies be in written form- it is much easier to prove your actions if there is a “paper trail”. Be sure that you maintain a comprehensive record of all correspondence, both those that you receive and those that you have sent. Photocopies are ideal.
Patience- a bucket load! You must understand that this is not a problem that can be solved overnight. All of your efforts will start to make an impact, but it may take some months, even up to a year before you see an improvement in your credit rating. Stay focused and your efforts will pay off in the long run.
A great, possibly even warped, sense of humor is an essential. If you succumb to the temptation of allowing rage to take over, you will not win. Remain calm and focus on your goals, even when the credit provider is being particularly difficult - especially when they are being obstructive! Anger gets us nowhere - humor confuses our adversaries!
One length of rope- in the event that you reach the end of yours. You won’t need to teach yourself the technique of a noose knot just yet - anybody’s credit problems can be repaired, given time and effort - and it needn’t cost you anything!
Okay, so these are the “real” contents of your “Credit Repair Survival Kit”:
Make sure that you have copies of your credit report - there are three of these, they are free and available once a year. Any possible credit providers will definitely check the status of your credit rating before considering giving you credit. You must be aware of any problems so that you can take action to rid the report of them.
Useful information and resources - this will be of great assistance in your fight against “credit attack”. Web sites are good sources of information, but as with all sources, be wary of those companies that claim they can guarantee to fix your credit in 24 hours. This just cannot happen - you need the serious tools of the trade to be able to effectively deal with repairing debts and credit, not just a band aid.
“Good” credit. This is serious. In order to begin the repair work on your credit rating you must create at the minimum one good line of credit. Even if most lenders are shying away from you, you should think about obtaining a sub-prime merchandising card. It will be noted by the major credit bureaus that you have this card and in turn it will improve your credit rating.
The “Credit Repair Survival Kit” doesn’t exist at this point in time, so you will have to gather all of the abovementioned necessities on your own. Quickly relieving yourself of bad credit does not happen overnight. Rest assured that the efforts will be worth it!