Online College
How to Rebuild Your Credit after College or Online College
These days, it has become extremely difficult to get
approved for any kind of loan without a high credit score of over 700. It seems
in order to fix your credit after online college or regular college, you have
to pay for a professional service to help you consolidate your loans and debt,
pay astronomical education loan payments, and jump through numerous financial
hoops just to keep your credit in order while trying to survive after online
college or college at a major educational institution.
Credit Repair for Online College Students
Some things that will help out your credit score and credit
history after college or online college are as follows-
-Obtain Your Most Recent Credit Reports- By obtaining your
most recent credit reports from the 3 main credit bureaus- Equifax, TransUnion, Experian;
and you will be able to have the ammunition that you need to get started
with fixing your own credit yourself without having to pay for a professional
debt consolidation company’s services.
-Pay off old debt- you can usually work out every small
monthly payment arrangements with most companies and creditors in order to pay
back any unpaid debt. Most creditors and companies will always shoot for high
monthly payments, just explain your financial situation, tell them you are
trying to take care of all your unpaid debts, and ask if they can work with
your allotted and projected monthly repayment budget while doing so on your
terms. Do not be afraid to stand up and tell them what you can realistically
afford.
-Pay your current bills on time- by simply paying all of
your monthly bills on time you will further be helping your credit score and
credit history out.
- Apply for a major credit card with a small credit line- By
applying for a small limit major credit card from your bank or other major
financial institution, doing so only if you know you have a good chance at
being approved, will allow you to use the credit card as a way to consolidate
some of your monthly expenses on the credit card while simply paying the credit
card bill at the end of every single month. This will help to re-establish your
credit score and credit history.
-Open bank accounts- If you do not already have a checking
account and a savings account at a major bank or financial institution, it is
highly recommended to go and open up new bank accounts immediately. By keeping
money on you r bank accounts every month, while using your bank accounts to pay
your monthly bills on time, will all help with re-establishing your credit
history especially after college or online college.
-Get a secured credit card-If you cannot get approved for a
major credit card you may want to consider some of the second tier credit card
companies and secured credit card companies. Some say this helps with
re-establishing credit as eventually and after normal use of these cards, the
credit card companies would approve the user for a real major credit card with
normal rates.
Your Credit Score & Credit History
Some of the more popular and well known credit score
websites and credit reporting services are as follows-
AnnualCreditReport.com
You can sign up and receive a free credit report once a year
from AnnualCreditReport.com.
Quizzle.com
Free credit report website. No credit card required.
Credit Karma
They also provide a free credit report, a purely ad driven
website,
FreeCreditReport.com – limited resources for free members,
offers a paid upgrade
Rebuild Your Credit after Online College
With the daily frustrations of debt immediately after
graduating from college or online college, most people feel very overwhelmed as
they have thousands of dollars in debt they now have to pay back on a monthly
basis while trying to survive paying normal monthly bills. By simply obtaining
your credit reports and by working with all of the different companies and
places you owe money to, a college student or online college student that just
graduated can rest easier knowing that they can work out tasteful repayment
terms of not only their education loans but any other debt acquired along the
way.
Original Article by - Jay Couture
Original Article by - Jay Couture
No comments:
Post a Comment