It is unfortunate if one finds himself in the situation of having a bad credit score and is not able to obtain the loan from lenders. In such a situation, one should react proactively and find out the ways to get him out of this situation and increase his credit rating.
One should try to make some purchases, but keeping in mind that they can be paid off easily. Opening a savings account is also helpful. One more thing that will prove to be helpful is the credit card issued to you by your bank or credit union. One should always look to maintain and establish a good credit history with everyone he is dealing financially.
One should have to at least know what the term “Financial Planning” means. The term means “planning the financial resources in an efficient manner in order to improve the credit score”. Financial planning is a very broad term and hence can be used in multiple ways. It includes such operations and methods which are used to effectively manage all the finance-related issues.
The Federal Trade Commission (FTC) regulates credit repair services and provides free information to help consumers’ spot, stop, and avoid doing business with credit repair companies that are not reputable. Their web site is located at www.ftc.gov.
If you have any complaints regarding your credit report or credit remediation services that you wish to report to the FTC, contact them at:
Federal Trade Commission Consumer Response Center,
Room 130 600 Pennsylvania Avenue,
NW Washington, D.C. 20580