THE 10 COMMANDMENTS OF CREDIT REPAIRCommandments to guide you through your credit repair journey

THE 1st COMMANDMENT

1

Thou Shall Protect Your Consumer Rights

• Everything must be Fairly Reported• Everything reported must be 100% Accurate• Everything reported must be Fully

Substantiated

THE 2nd COMMANDMENT

2

Thou Shalt Not Miss Payments

• Honor your current commitments• Strong credit is a byproduct of self-

discipline

THE 3rd COMMANDMENT

3

Thou Shall Utilize

• Sharpen your credit utilization abilities• Compare the balances on your credit cards to your

total credit limit• e.g. $3,000 debt / $15,000 credit limit = 20% Ratio• Maintain a ratio of 25% or less

THE 4th COMMANDMENT

4

Thou Shalt Not “Debt Surf”

• Shifting your burden from one lender to another is rarely the answer

• Borrowing money to repay another debt can be dangerous, especially when interest rates are involved.

THE 5th COMMANDMENT

5

Thou Shall Honor Thy Cosigner

• Protect your credit score (and theirs) by paying cosigned accounts with devotion

THE 6th COMMANDMENT

6

Thou Shalt Not Rest in Credit Repair

• A positive credit score requires continual maintenance

• Credit repair doesn’t happen overnight

THE 7th COMMANDMENT

7

Thou Shall Honor Thy Savings Account

• An Emergency Fund will help you prevent a negative hit on your credit report

• Begin by saving at least 10% of your income

THE 8th COMMANDMENT

8

Thou Shall Prove Thy Worthiness

• A steady credit history accounts for 15% of your credit score

THE 9th COMMANDMENT

9

Thou Shalt Not Covet Thy Neighbor’s House

• Envy paves the way for bad decisions• If you cannot write a check to buy it, then you cannot

afford it• Stop comparing yourself to other people• Confidence breeds practicality

THE 10th COMMANDMENT

10

Thou Shall Honor Thy Credit Repair Goals

• You should believe in a higher standard of living

• Only you can change your life.