In a society where credit transactions are an every-day necessity, bad credit can make your life miserable if it is not resolved. Nowadays, without good crest, you can’t get a good apartment, and you can never qualify for a mortgage. Hopefully, this article will not only help you avoid losing what credit score you have, and may help you improve your credit.
“Quick” is relative to your perspective, and it differs from one person’s definition to another. For some, thirty days is quick, but for others, it could mean a few days.
Your situation is unique, and you may have suffered damages to health, loss of a job, theft, or other situations that lost you you money affected your credit. You need to take into account your current finances, the efforts you have made to resolve your problems, and whether you have the determination to correct your problems..
If you have the determination to correct your problems, there is usually hope. Here are just a few ways that you can repair your credit and remove negative items on your credit report that give you bad credit:
1. First and foremost: pay your bills on time from now on. 35% of your credit score is calculated by whether you pay bills before they are due. Late payments can lose up to 100 points on your credit scores. Thus, late or early payments can either make or break your try to repair your credit scores. You should do everything possible to pay all your bills on time or early.
2. Find out what is in your credit report. You can get free reports at AnnualCreditReport.com, but some allege that these free reports are tied to a technicality that increases time for reinvestigation when there is a dispute.
3. You hope to increase your credit scores, which will accelerate your credit repair process. You can increase your credit scores by making payments early, and cutting down your existing balances and debts.
4. Check your credit reports for inaccurate information. Mistakes can lower your credit scores. When you find inaccuracies, report them to the bureaus in writing ASAP. If the mistake was made by the credit reporting agency, it is his duty to correct such mistakes. If the error was by the creditor itself, then your dispute should trigger an investigation, and should eliminate the problem. Sometimes, you have to dispute an error multiple times, before it gets corrected.
5. You should also dispute entries made by credit bureaus multiple times if necessary, because they often fail to counter your dispute, because old debts aren’t worth verifying. If you try this type of dispute, don’t just replicate dispute letters you find in the internet. It’s much better for you to write your own letter. This show your claim is legitimate, not just parroted.
6. Finally, don;t dispute your open accounts, because these help build your good credit history. Just pay them on time and leave them alone.
