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 Fixing Faulty Credit
Everyone makes credit mistakes at some point in their adult lives. Unfortunately we get very little real world economic training in school. We aren't taught to live within a budget (in fact we are urged daily to buy now, pay later) and all too often our first experience with credit cards leads to a poor credit rating. How many of us got our first credit card in college, or just after high school? How many used it to eat out and go to the movies every night? How many soon wracked up crushing debt loads and soaring minimum payments?
Even if you did alright with your first credit card, an unexpected layoff, extended period of unemployment, business disaster, injury or sickness can cause responsible people to miss payments or even go into collections or bankruptcy. So, if you find yourself with a few dings on your credit report, you're not alone.
The question is: How do you fix your credit now? I'll try to answer that in this article.
Depending on how badly dinged up your credit is, it may take a while to improve your credit and get your FICO scores moving up again. So, here are the steps you need to take.
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