Personal Credit repair - your Only True Financial Bailout

While the government bails out big businesses, who's bailing you out?

Over the past year and specifically, the last few months we have witness the fall of several corporate giants. We have also seen the outrageous amounts of money handed over to the corporate giants from automakers to insurance companies to help "bail" them out of financial binds. The strange and annoying part about all of this is that no one has developed a "bail out" plan for the everyday common man.

The common man is experiencing national foreclosures at alarming rates. Let's not fool ourselves and let me highlight the fact that when a foreclosure occurs, that person's credit profile takes a major hit. As a matter of fact, when the following list of credit derogatories appear on your report; this is how lending institutions evaluate them when determining whether or not to issue you a loan.

They are listed from best to worst.


1) Credit Inquiries
2) Credit Rejections
3) Late Payments
4) Past Due Payments
5) Court Judgments
6) Collections
7) Charge-Offs
8) Loan Defaults
9) Repossessions
10) Foreclosures
11) Bankruptcies

To make matters even worst, foreclosures stay on your credit report for seven years. How do I know such detailed information? I was experienced a foreclosure myself. I loss a one million dollar home and let me tell you, it was no fun at all. Fortunately through research, diligence, tenacity, patience and help from God, I was able to bring my score back from sub five hundred because of the foreclosure to seven hundred where it still remains today. Many people ask me how I did it so, I've coached hundreds of people and presented seminars to hundreds of people on how to do the same. And the great part is that I'm no different than you. I recognized the importance of having good credit and worked relentlessly to get it back.

Many Americans are going to have to do to the same. Over the next couple of days, I invite you to visit and revisit my articles as I will map out some strategies to help you repair your credit in a reasonable time frame.


J. Joel Williams is an entrepreneur, business coach and investor having owned several businesses including two franchises. Mr. Williams has help hundreds of would be people buy businesses and real estate even with bad to marginal credit. If you don't want to wait until the next article and you want to start correcting your credit immediately, simply log onto: www.emarketingbestpractices.com and click the credit repair resource