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About This Author
My name is Joy, and I love to write. Why poetry, here? Because poetry uplifts its writer, and if she is lucky enough, her readers, too. Around us, so many objects abound to write about. Once a poet starts with a smallest, most trivial object, he shall discover that his pen will spill out what is most delicate or most majestic hidden inside him. Since the classics sometimes dealt with lofty subjects with a lofty language, a person with poetry in his soul may incline to emulate that. That is understandable. Poetry does that to a person: it enlarges the soul and gives it wings. Yet, to really soar, a poet needs to take off from the ground. Kiya's gift. I love it!
Off the Cuff / My Other Journal
#562054 added January 19, 2008 at 10:59pm
Restrictions: None
Credit Repair
My son asked for credit repair advice for a friend of his (Ricky) who got into serious debt and lost all credit due to a shop-a-holic ex-wife. I am putting here the essential points inside the e-mail I sent to Ricky with the hope that it may be of help to someone else.


For credit repair you need to first determine whether the credit report pertaining to you is completely correct. Studies show nearly eighty credit reports contain some kind of error that leads to wrong credit scores.

What to do:

For immediate purchases, buy only what you absolutely need and try to pay in cash, at least until all debts are paid.

Start reducing the number of credit cards. The accounts that are old and no longer in use should be closed.

After closing the unnecessary accounts, the new account status needs to be reported to the credit reporting agencies.

Reduce the credit limits on your existing accounts.

Settle all outstanding accounts and debts.

With the objective of reestablishing credit, ask a friend or relative to co-sign for a small loan. Make timely payments on this loan.

Get one credit card and make all payments on it on time.

After this, whatever you do, do not get into credit debt that you cannot pay, ever. In time, your credit will be repaired and it will rise above average credit.







© Copyright 2008 Joy-Happy 25, WdC! (UN: joycag at Writing.Com). All rights reserved.
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