Thinking about some DIY credit restoration now? Well, good for you! Fixing that credit score is all about a certain type of financial independence, if you really think about it, and what better way to start being your own man or woman financially speaking than to take it upon yourself to cure what needs remedying!
What is it with credit running the show you say? Well credit is a little thing that determines if someone can put stuff on a monthly payment rather than paying for the entire amount upfront at once. But there are other types such as having no credit history at all, that’s where that person has to build credit by buying stuff with a card or paying bills with it.
It’s fairly simple theoretically, after all. All you have to do is contact your creditors and merely pay up – or work out terms and schedules of repayment. But if it were all that simple, you won’t even be looking into credit “repair” as such, would you, much less any do it yourself credit repair obviously! No, if it were simply a matter of forking over your hard-earned dollars and cents (yes, they’ll even get right down to the penny about these things), you probably wouldn’t even be having just about any problem that requires any helping at all after all now, would you?
Nope, it’s simply because you do have a difficulty that you can’t pay back to begin with! In fact, hospitals are for the sick and tired and prisons are for…well, you get the drift. And so it is with this matter of creditworthiness – or, as the situation is in this discussion, the shortage thereof! And so doing things by yourself may not actually be the most effective bet going in such a situation. As an example, let’s say you merely owe a thousand bucks. Sure it’s not an incredible amount of money but it still makes for a nice wad in the pocket the same! And you owe this thousand and you’ve been owing it for the past six years and eleven months…almost seven years, in fact. Seven years. Think about it. Seven years. Seven. As in, “lucky” seven?
Try as in seven years and your personal debt is forgiven.
Just like that.
It’s true. All perfectly true. Under specific situations, debts may merely be stricken from the record within a seven year period. But if you didn’t realize that and decided to finally pay up the eleventh month of your sixth year of owing the debt…well, you’d have done a good and proper deed if that’s all you ever wished to achieve from the start. But if you were expecting to save any money, well, of course, you didn’ t!
And that’s why doing things by yourself can sometimes pale in comparison to letting a professional handle them for you.
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