By Aiden Zamora
Qualified Financial Adviser

In recent years, more people than ever before have found themselves deeply in debt with no remedy in sight. For many of those people, filing bankruptcy seems the only answer. In the majority of cases, however, this is not the case. With some careful planning, skilled help and patience, people can repair their bad credit and erase their bad credit histroy. A good place to start if you have a particularly bad credit history is to contact a credit counseling service. These services will help you to identify why it is you have a bad credit rating, and will help you figure out some steps you can take to repair your bad credit history.

To erase bad credit histroy, the most important thing is to contest the information that the credit bureaus have on you. You will want to do this by writing to them. But what do you say? Well I suggest you take a look at “the attorney´s guide to credit repair”. The guide includes template letters you can send to the bureaus and if they can not prove their information is correct they have to remove that negative off your report in 30 days.

If writing to the bureaus doesn´t work then you will want to start repaying these old debts, so no more negative reports would be filed in your credit history. Another thing to do in order to erase bad credit is to add some positive reports to your credit history. Credit ratings are usually slightly lowered each time an inquiry is made about an individual’s credit history. It’s a good idea to avoid applying too often for cards. Whatever the reason, clearing up a bad credit history should start by settling old debts or forgotten bills.

Here are some suggestions for maintaining good credit after the credit repair period is over:

* Live within your means. Do not return to the bad financial habits that resulted in credit problems the first time.
* Keep records of all money spent for one month. This detailed record will show where spending cuts need to be made.
* Plan for financial emergencies by depositing a fixed amount of income to a special “emergency” account. Try to accumulate enough in the fund to pay bills for at least six months.
* Finally, make a conscious effort to be “money smart”. This will be a lifelong task but will eliminate the chance of falling back into the bad credit trap of the past.

If you are still not convinced that you can erase a bad credit history by yourself then sign up for the 5 part course below. You will find tips that so called expert credit repair companies will charge you over $200.

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