The following is a guest post by Teresa Dahl, a Yahoo! Contributor and blogger at Mommy Stuff.
If you have bad credit, you’re probably intensely aware of how much of a hindrance it is to reaching your goals and accomplishing the things you want to achieve in life. You can’t get a good credit card, you can’t get a house, you can’t afford that new car you want—in fact, your credit is so bad you can’t even rent a car. So if no one will extend you a line of credit how are you supposed to repair bad credit?
Does anyone know ANYONE with a perfect credit score? Is that even possible? Well of course it is, but what are the right moves you have to make to get there?
Recently during our refinance, I got to find out the credit score for my wife and I. But that wasn’t all. In addition, I was also given a full report that includes a breakdown of every reason why I lost points.
I decided it would be worthwhile to examine these reasons and see where I blew it. So for your amusement, I have posted the exerts below and we’ll review each of the reasons they listed.
I was almost the victim of identify theft.
On the evening of Dec 23, I received a call from the Chase Freedom Visa Card Fraud Protection alerting me that someone had tried to buy almost $500 worth of goods from a Macy’s in California. Because I live in Michigan, the purchase was quickly red-flagged and denied. Fortunately, I was spared.
The phone call with Chase was quick and painless. They asked me which transactions I’d like to dispute, closed my old account, and told me I’d have a new card with a new number within a matter of days.