Nowadays, your financial possibilities in terms of getting loans are determined by your credit score. If you have bad spending habits then you would have done more harm than good and your score would be lower.

It even seems almost impossible to bring back to that score, to a good enough number if you have such a mountain of debt. Even when you have paid off your debt, you would have been labeled a ‘high risk’ borrower and you would have forever forfeited the chance of accessing loans with low interest.

It is best if you can find time to DIY credit repair to get rid of bad debt. If you see that there are mistakes, handle them quickly and have them resolved as well; follow up to make sure that every error is rectified. If you are to access any rental agreements, mortgages or loans in the future you have to follow these steps.

However, you might have to choose to get help from a professional credit repair company if you lack of time to DIY for credit repair.

A professional credit repair company like Sky Blue will work with you to get rid of your debt and fix your credit history. The work a credit repair counselor assigned to you will make lenders have more faith in you in the future when you are ready to borrow again.

The Sky Blue Credit Repair company has been operating with almost twenty years of experience behind them; within the credit business.

They deliver strategies that work very quickly and are effective as well. This is simply great news for anyone who has a bad credit score and needs to have it fixed.

To access their services you have to be in agreement to pay $49 and there is also an initial payment of $49. This takes care of all the admin costs to open your Sky Blue Credit Repair Account.

Their process is simple and easy, even if you want to close out your account with them; there is no hassle or fees to pay.

There are several areas of service that they offer: a) unlimited credit report disputes, b) unlimited creditor and collection intervention and c) couples discounts.

a) Unlimited Credit Report Disputes. The unlimited credit report dispute has to do with Sky Blue Credit Repair company conducting a full credit report analysis.

If there are any anomalies they will show up and you can contest them being on your credit report. If all goes well your report will be adjusted to show the changes and their removal.

b) Unlimited Creditor and Collection Intervention. The unlimited creditor and collection intervention allows you to give Sky Blue Credit Repair the permission to represent you with your creditors.

You will have professional leverage and less stress to deal with. You will see that they work very quickly to handle your case.

c) Couples Discounts. The couples discounts are simply being able to pay one cost to open an account for both you and your spouse. They also have a 100% service guarantee.

Sky Blue Credit Repair Customer Testimonials:

“An absolutely fantastic experience from the start, brilliant and friendly. I recommend Sky Blue to anyone with credit issues.” – Robert B.

“The bad marks are gone, my scores are up, and I was just told that my report is “solid gold”. I feel like a new person! Thank you so much!” – David W.

“The entire experience was a pleasure, the price was right, and the results were amazing. Thank you!” – Mary R.

For your information, Sky Blue Credit Repair company has NO single complaint on record against them, talk about being a master in their craft!

Sky Blue Credit Repair: Our Top Choice among Credit Repair Companies!

Sky Blue Credit Repair has our vote for the best credit repair program available. It is our opinion that they have taken the business to a whole new level. This is far more than just a dispute factory.

Sky Blue focuses on making sure you are left with truly usable credit – credit that meets prospective lender guidelines so you can really benefit in a tangible way.

We especially appreciate the Sky Blue Credit Repair focus on personalized customer service. The one-on-one attention is part of a comprehensive approach that makes them so attractive.

They include unlimited credit bureau disputes, debt validations, credit score consultation, guidance with building new credit, and even assist with rehabilitation of student loans if needed.

We also really like the fact that Sky Blue Credit Repair only charges a single low monthly fee without requiring any upgrades. One price covers everything needed to clean up and restore your credit. They also offer a great 50% discount for spouses if you sign up together.

Sky Blue Highlights:

• Credit repair services offered since 1989
• A focus on the highest ethical standards
• One-on-one customer service
• A unique approach designed to build truly usable credit
• $49 setup fee followed by $49 per month – half price for spouse
• All inclusive – No confusing program options or costly upgrades needed

Mmm, don’t believe all you have read here! Just check them out at Sky Blue Credit Repair and see if you are interested to increase credit score through credit repair! ^.^

Note: Fellow Malaysians, Sky Blue is a credit repair company in the US, okay? Mmm, is there any credit repair company in Malaysia? Let me check out if AKPK offers credit repair advice as well!

I am sure they are of the same reasons given by others who were or are in debt management plans.

Let me share with you top 10 reasons why people with credit card and personal debts, including myself, have turned to debt management programmes to pay off the debt.

May the reasons stated below help you make up your mind whether a debt management program is the right debt relief option for you.

1. You have tried out self repayment plan but it doesn’t help much to decrease your debt balance. I did try out self credit card debt reduction from April 2007 to August 2008 and managed to bring down my credit card debt from RM63,809 to RM40,344. But since then, the amount of debt balance didn’t decrease much.

2. You are so deeply in financial crisis that you need to get rid of your debt before any legal proceeding such as being sued for bankruptcy starts. Although I was able to bring down my credit card debt through self debt reduction plan, I still decided to turn to AKPK debt management program.

Why? Well, I couldn’t bear with the late payment fees and over-limit charges imposed by banks anymore; the amount of late payment fees and over the limit charges was so much that it made my efforts of paying down my credit card debt a waste of my hard-earned money.

3. You don’t want to be disturbed by irritating and harassing phone calls from debt collection agencies. Ask anyone who has been behind their payments or has missed a few credit card payments, they will tell you how stressful and depressing it is when it comes to handling calls from banks and collection agencies, and also piles of notices and warning letters.

4. You would like to lower the interest rates on your outstanding balances so that you are able to save money. From 18% interest rates to 6% or 7% interest rates, I must say that it’s a huge saving.

5. You don’t want to pay extra charges due to late payment. One day in August 2008, I told hubby that I had had enough of paying the never-ending late payment and over-limit fees charged by banks that brought us to nowhere, but increasing credit card debt!

6. When your budget is too tight, a debt management plan allows you to lower your monthly payment. Due to economy downturn, hubby’s meager income and my decreasing online income made us opt for lower payments for our credit cards.

Previously hubby and I had to pay more than RM2,500 for the credit card minimum payments. But with AKPK’s debt repayment plans, we are allowed to pay much much lower payments to our creditors. My DMP is RM320 per month while hubby’s DMP is RM360.

7. You have no idea about managing your own debt at all and you need proper guidance.

8. You have multiple bills and you can’t manage them efficiently.

9. You find that you need a professional credit counselor to assist you to work out a budget based on your income and commitment.

10. Your credit score is in a bad shape and there is a need for you to rebuild it through a proper debt management program.

A: Yes. You NO longer can use your credit cards; all your current and valid credit cards will be terminated once you are in the program.

Q. Is it true that no banks would approve my new credit card and loan applications?

A: Yes. As long as you are in the program and haven’t settled all your credit card debt, no banks would give you credit cards or loans.

Q: What about after I have successfully paid off my credit card debt?

A: Yes. You can apply for a credit card or loan again after your full settlement.

And judging from what I know about Malaysia’s banks, I am pretty sure that you can get a loan again and fast so long as you have CASH as down payment.

A good example was my car loan. It’s about 3 years ago. Of course, I was still able to manage my credit card debt at that time and never heard of AKPK.

The bank officer that was in charge of approving my car loan kept telling me that my credit card payment records were far from satisfying and it’s kind of difficult for him to approve it.

Well, in the end he still approved the car. Why? I traded my old car and I could get back at least RM5,000. With RM5,000 paid as the down payment for the car, tell me, which bank would say no?

Q: I heard that my credit score will be damaged once I am in the AKPK debt management plan. Is it true?

A: Since you are thinking of visiting AKPK credit counseling agency, it’s my guess that you have already missed a few credit card payments or you have stopped making payments to banks, right? I am sure your credit report should have been tainted badly because of these missed payments, right?

So, does it matter much if your credit report is hurt a bit more by you being in the debt repayment program?

In fact, being in the program helps rebuild your credit rating. Your monthly repayment to the credit counseling and debt management agency shows that you make payment every month.

Judging from my experience with Malaysia’s banks, so long as you have CASH …   You know what I mean, right?

Q: You seem to say a lot of good things about AKPK. Do you earn a commission for each referral?

A: I HOPE AKPK pays me commissions for all the information and good stuff about AKPK mentioned by me.

Of course, NO.

Q: Then, why do you talk about AKPK all the time and recommend it to every Malaysian who is in credit card debt?

A: The reason is simple. I am sick of seeing people selling credit card debt reduction solutions to people like you and me who are so deeply in debt and desperately trying to find ways to get out of debt.

Thinking back, I should not blame people who sell the credit card debt solution info. It’s human being’s mentality that FREE info is not worthy; only PAID info is valuable.

As for me, I am sure that my credit score may have been damaged badly by all those late payments way before enrolling in a debt management program.

It’s true that a debt management program helps you pay off debt, but it also hurts your credit report at the same time. Usually, a comment is added to your credit report that you are using a credit management agency to help you pay off your account.

This particular comment will remain until your account is paid in full. You can only qualify for new credit provided your debt is fully settled.

Since you are not in debt or your credit card debt is under control, it’s wise for you to try to shore up your credit score. Having a good credit rating helps you reduce your payments, interest rates, and fees.

Here are 9 Ways to Improve Your Credit Score:

1. Pay your bills on time. Default payments and collections can cause a major impact on your credit history.

2. If you missed a payment, get current and stay current. The longer you pay your bills on time, the better your credit history.

3. Be aware that paying off a collection account or closing an account on which you previously missed a payment, will not remove it from your credit report.

4. If you are having difficulty making payments, contact your creditor or see a credit counselor. This won’t immediately improve your credit history, but if you can begin to manage your credit and pay on time, your credit history will improve over time.

5. Keep balances low on credit cards and other “revolving credit.” Ideally, keeping your balance below 30% of the allowable credit gives you’re the best credit history, but even below 50% helps.

6. Pay off debt rather than moving it around. Set up a plan to pay off debt, this means stop using it and make more than the minimum payment if possible.

7. Don’t close unused credit cards as a short term strategy. Closing unused credit accounts that show zero balances and that are in good standing will not improve your credit history.

8. Avoid credit repair agencies that charge a fee to improve your credit score by removing negative, but accurate information from your credit report. No one can force credit reporting agencies to remove accurate information.

9. If you have been managing credit for a short time, don’t open a lot of new accounts too rapidly.

Source: ABC15.com

1. You should set a timeline or determine the time when you can possibly pay off all your debts. Total the amount of all your debts and the monthly payments that you can give. This will give you at least an estimate on how long you will be paying off your debt.

2. Check to see if the company you are talking to will allow you to quit if an emergency situation comes into play. For sure you do not want to be tied up for many years in a single plan.

3. Try to find a program that will allow you to get hold of your money during emergency situations. There are agencies that will not allow you to get your money back. So as much as possible try and look for an agency that will give you your money during emergencies.

4. You should also find out how credit card debt elimination program can affect your credit score. Usually, most systems will give you a bad credit score so you should know how to counter this situation. Your FICO score will usually go down after any negative marks. So ask the agency on how you can get your FICO score raised.

5. Before you sign up with a credit card debt elimination agency, you should be knowledgeable about the fees that you are going to pay. Ask for a written contract and a breakdown on all the fees.

Since there are so many credit card debt elimination programs, make sure you spend some time doing research to pick the best credit card debt elimination program.

It’s definitely worth it to pay up to $3,500 for repaired credit but the fact is that there is no guarantee that my credit reports are fully repaired. I was told by some working moms that after paying hundreds or even thousands of dollars, the credit repair clinics didn’t fix all their disputes. Believe it or not? Credit repair clinics have absolutely no incentive to raise your credit score FAST when you’re paying them by the month. In fact, the more time they take on your case, the more money they make.

It’s just not worth it to pay up to $3,500 if the credit experts can’t remove the negative items from my credit reports and raise mt credit scores. I might as well use the amount to pay off my credit card debt first and do the credit repair on my own.

Have you ever been told that You Can Not Remove Negative Items from Your Credit Reports Yourself and You Need a Professional Agency to Do It for You? This is a myth to credit repair that you and I have believed all these years! Attorneys and credit repair clinics would like you to believe the only way to clear your credit is through them. The truth is you can improve your credit better and faster yourself.

It doesn’t matter if you currently have no credit or even very bad credit, you can do the removal on your own. The first thing you need to do is get a FREE copy of your credit report from each Credit Bureau. You are legally able to obtain a FREE credit report every 12 months by calling each Credit Bureau — Equifax, Experian and TransUnion.

Next, you need to go over every line of your reports and look for the errors. Once you have identified the negative items you need to challenge or deny them. If the items can’t be verified within a reasonable amount of time, they must be removed from the credit reports. The only way you do the removal effectively is to write a letter and dispute the errors. By going through the process of disputing items over and over again, it is possible to delete negative items off your credit reports.

Whenever you get the updated reports carefully review them to see if you have lost the negative items and to see if anything else has changed. You may find while disputing one negative item, for no apparent reason, another negative item or two have disappeared.

The logic is that many creditors won’t have time to deal with a bothersome piece of paperwork to defend the negative items. Eventually you can repair your credit through default by your creditors not responding to the credit bureaus’ requests to verify the items.

You can remove negative items from your credit reports if you will spend time reading correct information related to deleting negative items off credit reports, and 3 little secrets attorneys and credit repair clinics don’t tell, getting correct government forms and going through the process of disputing items over and over again.