Quick Fixes For Credit Repair Success
Credit repair is generally not a quick and easy process.
It is not necessarily easy to get inaccurate and erroneous information removed from your account and it is not necessarily a fast process to get your credit score increased.
However, there are a few things that you can do that will take affect rather quickly and get you started on your way to credit repair.
The first step to credit repair is to always get a current copy of your credit reports.
You can get the free report you are entitled to from each of the three main credit bureaus or you can get a tri-merged report for a fee.
Many of the "free credit report" offers will help you get your free report but also ask you to pay for monitoring or other services.
You need to make an informed decision as to whether any additional services are of value for you.
There are a few proactive measures you can take to improve your score.
One of the first things that you can do is to get a credit card.
If you have bad credit showing on your report you may not be able to get a regular credit card but you can get a secured credit card.
You will need to put an equivalent amount of money into an account and then you use that account as security for the credit.
Just make sure that you always make payments on time or you will be defeating your purpose.
One of the most important things that you can do to improve your credit scores is to pay down the balances on any outstanding credit.
FICO scores are based largely upon your debt to available credit ratio.
Try to pay down all of your balances to below 20% or your available line of credit.
If you get any new credit including any secured credit cards, make sure that you don't max them out and keep the debt ratio below 20% of the available credit.
The point is not to spend money but rather to build credit.
If you have a number of credit cards, you may consider merging all of the debt onto the oldest card.
Credit scores are also based upon the length of credit history.
An older account is always more valuable than a newer account when it comes to your credit score.
When you get ready to dispute your negative and erroneous credit make sure that you look closely at collection accounts.
Collection accounts are often duplicates.
The problem is that when an account goes to collection, the collection agency reports the new account, however, the old account from the original lender is usually still showing on the report also.
Collection agencies also sell loans between themselves so the same account can actually show up a few different times with different collection companies and the original lender.
Check out all of the collection account very closely.
Make phone calls to verify that they own the account.
Unless you actually had more than one account originally make sure that only one listing is reported per credit account.
If you take action on a few of these things you will soon be on your way to better credit.
It can take time to complete the process but doing a few of these things can get you started fairly quickly.
It is not necessarily easy to get inaccurate and erroneous information removed from your account and it is not necessarily a fast process to get your credit score increased.
However, there are a few things that you can do that will take affect rather quickly and get you started on your way to credit repair.
The first step to credit repair is to always get a current copy of your credit reports.
You can get the free report you are entitled to from each of the three main credit bureaus or you can get a tri-merged report for a fee.
Many of the "free credit report" offers will help you get your free report but also ask you to pay for monitoring or other services.
You need to make an informed decision as to whether any additional services are of value for you.
There are a few proactive measures you can take to improve your score.
One of the first things that you can do is to get a credit card.
If you have bad credit showing on your report you may not be able to get a regular credit card but you can get a secured credit card.
You will need to put an equivalent amount of money into an account and then you use that account as security for the credit.
Just make sure that you always make payments on time or you will be defeating your purpose.
One of the most important things that you can do to improve your credit scores is to pay down the balances on any outstanding credit.
FICO scores are based largely upon your debt to available credit ratio.
Try to pay down all of your balances to below 20% or your available line of credit.
If you get any new credit including any secured credit cards, make sure that you don't max them out and keep the debt ratio below 20% of the available credit.
The point is not to spend money but rather to build credit.
If you have a number of credit cards, you may consider merging all of the debt onto the oldest card.
Credit scores are also based upon the length of credit history.
An older account is always more valuable than a newer account when it comes to your credit score.
When you get ready to dispute your negative and erroneous credit make sure that you look closely at collection accounts.
Collection accounts are often duplicates.
The problem is that when an account goes to collection, the collection agency reports the new account, however, the old account from the original lender is usually still showing on the report also.
Collection agencies also sell loans between themselves so the same account can actually show up a few different times with different collection companies and the original lender.
Check out all of the collection account very closely.
Make phone calls to verify that they own the account.
Unless you actually had more than one account originally make sure that only one listing is reported per credit account.
If you take action on a few of these things you will soon be on your way to better credit.
It can take time to complete the process but doing a few of these things can get you started fairly quickly.
