Debt Free Living

Written by Abby Luttrell
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If you have a poor credit report, it doesn't mean you won't be able to get credit. Creditors will set their own credit-granting standards. They will see your credit history differently depending on their requirements.

Patterns of Financial Responsibility

Some creditors will only look at your pattern of financial responsibility in recent years. Others will take into consideration the fact that your bill-paying history has improved over time. Remember, when you apply for credit you can discuss these matters with them, and explain lapses or gaps in your credit report in terms of unemployment, a move, family emergency, etc.

If you still can't get credit, you may want to consult a credit counseling service. They will advise you how to improve your credit. The goal of most consumer credit counseling is to eliminate debt completely - debt-free living.

Debt free living means taking control of your unsecured debt by consolidation. Using debt consolidation companies, you can slowly over time pay off your debts at a reduced interest rate. These companies will arrange lower monthly payments so that in 12 to 24 months you will be living debt free. What once was a dream will now become a reality, and you can use your hard-earned money to improve the life of your family, for education, vacations, or home improvement.

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