Credit Repair Tips

January 3, 2019

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There are many methods to credit repair and if you have poor credit scores then you should consider restoring your credit. You will enjoy an increase in your financial freedom when you take steps towards bad credit repair.

Bad credit can be detrimental to your financial well being. You may have constant phone calls to your home from bill collectors and the battle may seem impossible. You might make less money than you can financially afford to pay towards your monthly bills. This is called being "upside down in your bills". It is possible to get on the path towards credit repair even though it might seem impossible.

You may have bad credit for many reasons. You could have medical bills, credit card bills, and many more bills that are overwhelmingly high. No matter what the reason is, when your credit scores are low it is viewed a number of ways. First, your debt to income is reviewed. Creditors look at the amount of money you OWE on your credit versus the amount of money that you MAKE. Also, if you have many debts that are small amounts unpaid, this looks very bad too. However, the largest way a company looks at your credit score is that it shows you do not pay your bills. This means you can not be trusted with paying back a credit or a loan. The better your credit score is then the more a business will trust you with paying back the loan.

When you have bad credit it is next to near impossible to get a loan for anything. You will not be able to get credit cards, buy a home, a car, or get credit for anything you might need. In most cases, if someone does extend you a line of credit then your interest rate is very high. When you are given a high interest rate then you are almost paying double for the initial line of credit.

When you make the decision to repair your credit with a 'repair my credit toolkit' then you are taking the first step to a better financial situation. Remember, bad credit means higher interest rates. It also means when you have a financial emergency, you can qualify for a line of credit to help you make it through your problems. You have the financial freedom to buy things like boats, cars, and more. You also have a better interest rate on your line of credit.

Through our credit repair tutorials you will find that the first thing you need to do to take a step towards free credit repair is to get a copy of each of your credit reports. There are three primary credit reporting agencies. These companies are Equifax, TransUnion, and Experian. You are entitled to one free report from each of these agencies a year. You should compare the three reports and write down all of your debts that appear to be damaging to your credit.

When you begin your credit score repair the quickest way to get started is to highlight all of the small amounts that you can afford to pay. If you have any amounts that are less than $ 100 on your report then you should pay them immediately. These look the worst on your credit. If you think you can repair your credit on your own then you can. You should start with the smaller amounts first. You should call one creditor at a time. Call each of the creditors and ask them for the payoff amount. Most creditors who show negative on your credit will be happy to get anything. Most of your creditors will accept a deal to pay 60% of the debt owed rather than the full amount. If they accept a deal with you then you should have this agreement faxed to you. You should also demand a receipt for payment and attach to the agreement.

Once you pay on a debt on your credit report it may take up to 60 days to reflect on your credit report as being paid. Keep in mind that despite you pay a debt off on your report, it will remain on your report.

If you need credit repair help because your debt and bills seem too overwhelming for you to handle then you can find many places that offer free credit repair. You should be cautious about people you use to help you repair your credit because there are a lot of fraudsters out there who will make promises they can not keep.
The most important thing is that companies who offer to repair bad credit for free should never charge you for anything up front. They may offer services that do have fees in addition to repairing your credit. These fees may include the cost of copies being made and other things. However, you should not agree to any fees if a company tries to charge you for repairing your credit.

Another thing people forget is that when they go in to 'restore my credit' businesses they may hear that debts can be erased from a credit report. Many people who are dishonestly trying to provide services to people with bad credit will make promises like this. No one can erase negative information. The only type of information that can be removed from a credit report is information that is incorrect. If there is a debt on your credit report that is not valid and that you do not owe then this is the only thing that can be erased. Information that is accurate will remain on your credit report for 7 years from the date the debt is recorded. A bankruptcy will also remain on your credit report for ten years. If you had bills like credit cards and you fell behind on them for a month or two and then cached back up on them, this too will reflect on your credit report. Falling behind on your bills can remain on your credit report for up to seven years, even if you have been brought up for a year.

A credit repair company helps many people with bad credit report repair issues. Most of the companies will sit down with you and total all of your debts. They will offer you consolidation services to help you pay back your debts. Consolidation of your debts is often the best solution if you are paying a bill here and a bill there. It is easy to lose track of which bill to pay this month or next month and a credit repair company can help you get back on track financially.

A credit repair company will use credit repair software to help you organize your debts. You will work with a consultant who will go over all of your bills and your current income. It is important to remember that your most important bills are the bills of necessity for living. These are your rent, electricity, water, trash, and food. Any other bills you are used to paying will be set with with your debt and not listed as living expenses.

The company will also help you look at your spending habits. You might be used to shopping online or eating out at a restaurant every day during the work week. Your spending habits will be assessed and stopped. You can save a lot of money by taking lunch to work with you or by going home for lunch instead of eating out.

Once the company has estimated your bills, your income, and your spending habits that will figure out how much additional income you can afford for a monthly payment towards your debt each month. The great thing about this is that when a company consolidates your debt for you, then you make only one monthly payment towards your debt. The company will disburse your monthly payment among your creditors accordingly.

If there are things on your credit report that are not accurate the company will help you prepare a credit repair letter to the reporting agencies to dispute things on your credit. They will help you every step of the way work toward getting your credit back on track.

When you make a decision for bad credit report repair and to go with a company then you will receive a detailed written contract. By law, if you go through a company that is for profit, nonprofit, banks, credit unions, and creditors, you are allowed three days to back out of the written agreement. They must give you a full explanation of all of your legal rights. In addition, they can not demand any form of payment until all promises have been kept by the company. If the company is claiming money up front then you should go with a company who is not in it for the money. Remember, there are many nonprofit governmental agencies designed to help people get their credit back on track.

There are many things you should be aware of when you are thinking about credit repair. If you receive an email about credit repair then you should be leery. Be sure to research the company and confirm they can really help you. Most emails sent out about credit repair are commonly fraudulent and dishonest. Just remember never to pay any money up front for your credit help.
Another thing you should keep in mind is that some fraudulent companies tell consumers that they can help them create a second credit file. They may offer a new social security or tax identification number. Not only does this promise not work but it is considered illegal. The term for a promise like this is called 'file segregation'. No one can give you a new social security number but the Social Security Administration office. There are very rare instances of new numbers being given out in situations of witness protection programs with the government, and serious cases of an identity being stolen. Remember that what you feel to be serious and what they consider serious are very different. There are also thousands of identity thefts that occur on a daily basis. This also has caused the Social Security Administration to consider these issues even less today. If a credit repair company makes a promise to you that sounds too good to be true then it probably is.

Many people say "I want to restore my own credit." You can. The first thing you should do if you have credit problems is get counseling. You can call your local Consumer Credit Counseling Service (CCCS). They can give you advice on how you can build your credit record back to something acceptable. They can also help you find an agency that can help you if they can not and you can trust the information you receive from them. The CCCS can help you make payment plans with bills you have fallen behind on. The services offered through the CCCS are usually free but if they do charge you then they are at a very low cost. If you need to find the nearest CCCS office so you can get started on your credit repair, then you can call toll-free 1-800-388-2227.

When you make a decision to repair your bad credit you are taking the first step towards your financial freedom. You can repair your credit on your own or you can seek credit counseling from a credit repair firm. This is usually the best option for people who are upside down in their bills and the phone will not stop ringing from creditors. A company can help you prioritize your monthly bills. They can also give you the benefit of one easy monthly payment that will be applied to all of your debts. You will not have to worry about your creditors anymore because they will take care of everything for you.

When you repair your bad credit then you can have the financial freedom to have credit extended to you for those things you really want or that house you have been working so hard to qualify for. Do not let your bad credit be a detriment to your financial freedom with poor interest rates and denials anymore. You can get back on track with a positive credit score.

23 Comments

  • Michael V. January 3, 2019 at 9:53 pm

    I tried this, but I couldn't get a connection to the database with Robo3T. I also don't understand why it should work with LocalHost if my securityGateway has a different ip. I also use a cloud key. Maybe that's why it doesn't work with me.

  • Andrew Dill January 3, 2019 at 9:53 pm

    Just a heads up Quickhash.com does not work..Any suggestions?

  • Santiago Herrera January 3, 2019 at 9:53 pm

    i deleted by mistake the admin's documents in Robomongo and Quickhash is not working. HELP!

  • AbXpB January 3, 2019 at 9:53 pm

    Amazing.

  • Andrea Molinari January 3, 2019 at 9:53 pm

    Many Thanks for your help, i saved a lot of time! It worked perfectly at first try.

  • MyKrumlov January 3, 2019 at 9:53 pm

    Every step seemed logical and easy. But it didn't work. Still locked out.

  • Armando Rafael Costa January 3, 2019 at 9:53 pm

    Someone can help me?

    I am not able to generate a code from the website quickhash, could someone generate and send me a pattern?

  • elias quoss January 3, 2019 at 9:53 pm

    Hello, Video Perfect!!! Thanks a lot!!!

  • Philip Nussbaum January 3, 2019 at 9:53 pm

    You are a genius wow so much time on the phone and here you had it layed out thank you … for any newbees … your previous user name is written in the shadow folder just fyi lol

  • Joey Lee January 3, 2019 at 9:53 pm

    Quickhash.com is no longer active is there any other website i can use?

  • Oz January 3, 2019 at 9:53 pm

    i will give you golden key guys, quickhash down. Use this code for "password"

    $6$9Ter1EZ9$lSt6/tkoPguHqsDK0mXmUsZ1WE2qCM4m9AQ.x9/eVNJxws.hAxt2Pe8oA9TFB7LPBgzaHBcAfKFoLpRQlpBiX1

  • TheEndTrend January 3, 2019 at 9:53 pm

    My UniFi Controller machine is 32-bit, but this program is 64-bit only….what can I do?! 🙁

  • Alain Schneiter January 3, 2019 at 9:53 pm

    I'm able to connect, but not receiving an object in the admin collection when I right click –> account –> View Documents. I'm using Robo 3T 1.2 for Windows 10 x64. Any suggestions?

  • David Sutherland January 3, 2019 at 9:53 pm

    replacement for quickhash web site — download quickhash app:

    https://quickhash-gui.org/downloads/

    UGH. This doesn't work because it's missing the SALT option. Ubiquiti sucks. This whole process is garbage!

  • BOB Brown January 3, 2019 at 9:53 pm

    quickhash.com is not longer available

  • user9285 January 3, 2019 at 9:53 pm

    Thank you! I locked myself out of the controller and this saved a lot of trouble. One note: The quickhash website appears to be off-line. I was able to install a Linux Ubuntu VM on my Windows workstation using VMWare player and ran this command at the Linux command line:
    python

    >>>import crypt

    >>>crypt.crypt("PASSWORD",'$6$9Ter1EZ9$1St6')
    I used the rest of the video as-is and it worked great! Thanks again.

  • HSIDENNIS January 3, 2019 at 9:53 pm

    quickhash.com seems to be down

  • Rory Stevie January 3, 2019 at 9:53 pm

    Quickhash site close down, and how to use Salt code in Quickhash GUI software or another site !?
    I need to reset unifi password, but I can't connect to quickhash.com sites … any other solution !?

  • TechVideos January 3, 2019 at 9:53 pm

    as the quickhash. com is not work the workaround would be to install a new controller on another machine, then copy the shadow value of new controller and replace it with old controller shadow value and it should work

  • David Blazquez January 3, 2019 at 9:53 pm

    quickhash.com está caido pero se puede usar un comando en el BASH de Debian o derivados (Ubuntu)

    la linea es: "mkpasswd -m sha-512 PASSWORD [SALT]"

    Yo lo he probado desde Ubuntu en Windows 10 y funciona perfecto.

    quickhash.com is down but you can use a command in the Debian BASH or derivatives (Ubuntu)

    the line is: "mkpasswd -m sha-512 PASSWORD [SALT]"

    I've tried it from Ubuntu on Windows 10 and it works perfect.

  • Isiah Hurd January 3, 2019 at 9:53 pm

    quickhash website not working……

  • Jaycee Tizon January 3, 2019 at 9:53 pm

    Help, quickhash domain already expired

  • Sardar saqib January 3, 2019 at 9:53 pm

    I forget mY LITEBEAM m5 Password And reset button is Not working Any one can help me how i can recover that?

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