Month: February 2012

How to Fix Credit and Earn Money in Your Spare Time

When it comes to credit repair, money is usually the linchpin that can give way to a better score—or lead it to further disaster. Let’s face it, a hefty bank account allows you the freedom to accomplish all kinds of goals, including:

• Paying off debt, which can raise your credit scores
• Building a financially sound savings account
• Purchasing credit-savvy items such as real estate
• Investing in new opportunities

All you need is more money, right? You may be thinking, “Easier said than done.” If you have a full-time job and a family, you may think additional responsibility is out of the question. Think again. There are plenty of ways to fix credit issues and earn extra money without burdening your schedule, such as:

1. Marketing your skills. Who says your skills are only made to serve one master? Unless you signed a non-compete or exclusivity agreement, offering your services to other companies is a great way to pad your bank account. Browse your local classifieds or online jobs sites like CareerBuilder and Monster for part-time work.

2. Marketing your hobbies. If you would rather leave work at the office, consider marketing your creative talents to aid your credit repair efforts. Are you a gifted painter or decorator? Look for local businesses in need of a makeover. Is graphic design your passion? Consider pitching logo ideas to your favorite companies and establishing new relationships. Paid self-expression is a fun method for enhancing your credit repair—one that could afford bigger opportunities in the future.

3. Going online. If the local job market is looking like a ghost town, try turning to the Web to fix your credit worries. and are among the hundreds of online employment websites seeking reliable work-from-home employees. From technical writers to project managers to HR specialists, there is something for everyone.

4. Learning about passive income. Wouldn’t your credit repair program proceed more easily if your job worked for you? Passive income is not a new concept, and using it to your advantage could give your credit the boost it needs. Do you own a piece of unused land? Why not lease it to an interested party for a monthly fee? If you own a popular blog, reach out to sponsors and ask them to buy some advertising space on your site.

5. De-cluttering and selling. The need for credit repair is often borne from overspending. If your house is filled with impulse buys and unused items, now is the time to correct past mistakes. Sell your excess stuff, and put the money toward a better future. Have a garage sale or create a post on Craigslist or eBay. Simplifying your material life will help you achieve new balance with your finances.

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Five Luxuries to Avoid During Credit Repair

Long-term credit repair is a lifestyle decision, one that requires lasting change to accompany your financial goals. In other words, even if you hire professional credit repair help, the process will work best if you take a hard look at how sloppily you’re handling your finances. If you are new to the game, easing yourself into the processbetter habits may take some time. Start small by learning how to change your habits inmake the following wayschanges. The results could lead to an evena better credit score.

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Online vs. In-Person Spending: How to Manage Your Budget

Global commerce is more prevalent than ever thanks to online shopping. Never has a generation been given so many options when it comes to how and where to spend money. Although these changes are good for many, they constitute a double-edged sword for others. Consider the pros and cons of online shopping before diving into the deep end of the Internet. Your credit score will thank you.

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Financial Mistakes Newlyweds Make

The early days of marriage are usually blissful and carefree. Credit repair is the last thing on your mind. While the rose-colored glasses are fun and difficult to retire, the time to avoid financial blunders is now. Avoid some of the most common newlywed mistakes, including:

1. No budget. It can be tough to come home from post-wedding and honeymoon fun. However, establishing a budget early may save you from credit repair worries later. If you are just moving in together, now is the time to sit down and decide how you want to handle the household expenses. For example, how much will you spend on food each month? Do you need to cut back on the extras to save for a larger home? If you lived together before marriage, consider how your new life will affect your old budget. Will your insurance premiums go up? Did you suddenly inherit your spouse’s debt? Working together to solve these issues will likely safeguard your credit score—ignoring them may guarantee the need for credit repair.

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Common Credit Repair Mistakes (and How to Avoid Them)

The task of credit repair is an admirable one, but your efforts can backfire without the proper guidance. What may seem like a sound decision could actually hurt your credit score in the process. Fix credit mistakes and avoid new ones by thinking twice about:

Debt consolidation. Drowning in debt is overwhelming, and debt consolidation may seem like an easy fix. After all, why deal with three credit card balances when you can transfer all your debt onto one? You may even choose to take out a personal loan to cover the expenses. While these may appear to be valid credit repair efforts, debt consolidation can come with many drawbacks, including:

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