It's understandable why you're in a panic and thinking of taking desperate measures
. After all, nobody wants to be in debt. No one wants to be in a bad credit status. The very idea of owning thousands of dollars to your creditors is indeed discouraging. However, no matter how bad the situation gets for you, there is no need to resort to any of these four credit mistakes.
1. File for Bankruptcy
There are almost no advantages to filing for bankruptcy. It bludgeons your credit to death, and in many circumstances, you may still be required to pay off a negotiated balance to your creditors. This is mainly an option for company heads.
2. Attempt to Create a New Credit File
This is against the law. You are only issued one credit file for your legal name. Do not believe anyone that suggests you can change your credit history online.
3. Hire a Credit Consolidator or an Attorney
Honestly, what is this going to do for you? There is a possibility (not a guarantee) that such an expert can stop creditor harassment. However, you will be paying this individual hundreds if not thousands of dollars to do something within your own capacity.
4. Assume Your Credit is Just Fine and Dandy
Now we come to the absolute worst mistake you can make! With over 75% of all credit reports showing erroneous or fraudulent activity, you cannot afford to assume anything when it comes to your financial status. One credit report a year will not suffice when your reputation is on the line.
Why not order credit repair software and bring yourself out of debt? You can also keep tabs on your credit report by working with a credit reporting agency. Regularly checking your credit file is the first step towards a positive change. Avoid these big mistakes and protect your credit!