Cal Brown: Hi! My name is Cal Brown. I am a member of the Financial Planning Association or FPA. Today I am going to talk about repairing your credit. Your credit affects many areas of your life. For example, your credit worthiness will affect your ability to purchase goods and services on credit and to get a loan. If you have a good credit record, you are likely to receive lower interest rates than those who are considered credit risks. This means you will pay less interest.

As you can see poor credit can be a huge obstacle to obtaining the good things you desire for yourself and your family. Similarly, a poor credit history will tarnish your ability to plan for the future.

From improving poor credit to getting out of debt, I will walk you through the process and discuss each step in detail.

First, I will discuss how to check your credit. It is important to review your credit report once a year to check your credit standing and identify any errors. Then, I will talk about reading and correcting credit reports. Being able to read your credit report will help you spot any errors. If you spot an error, it is important to correct it.

The next step I will discuss is how to improve your credit. I will go over several steps that you can take to repair your credit. Finally, I will discuss getting out of debt. Getting out of debt is an important step to make sure you can achieve your long term goals.

According to one of the three credit reporting agency's experience, if you have never had a credit account try applying for a retail gas or secured credit card to begin your credit history. If you keep your outstanding debt low and pay your bills on time before long you may receive additional offers for credit. However, you may want to be cautious and apply only for the credit that you really need. Before we get started, let me tell you a little bit about the Financial Planning Association. The Financial Planning Association connects those who provide support and benefit from financial planning. We provide a variety of educational resources tools and services to help you discover the value of financial planning and help you achieve your life goals and dreams. Our destiny is to help create a world where every one thrives and prospers. So let's get started on repairing your credit.