5 Easy Steps to Repair and Improve Your Credit Score
Posted by leo on December 10th, 2017
Credit Repair: Use these 5 Easy Steps to Repair and Improve Your Credit Score
Are you worried of your bad credit? Do you get tempted by the television advertisements that promise to fix your credit and improve your score? Well, before you move on and pay someone to help fix your credit, don’t forget the following three things.
If you want to repair your credit yourself, you should instead follow the below steps:
You require to review comprehensively your credit report from all the three credit reporting agencies. If you don’t know to do it, can AnnualCreditReport.com help you get your report for free. While you review the report, monitor any information that you think is incorrect. Credit scores are created using data from credit bureaus, therefore you need to make sure that the data from TransUnion, Experian and Equifax is accurate.
If you can recognize the account but still believe that the information is not correct, you need to get in touch with the financial institution that reported the information. For instance, if you are to recognize the credit card, but fail to see the late payment. You need to speak with the credit card company. Usually, the bank or credit card company has the ability to repair the issue and update the credit bureaus directly. It is possible to see a huge balance on the credit card that you have never used, this could be because someone stole your credit card information. Talk with your credit card issuer so that they fix and update the reporting with the credit bureaus.
If someone opened an account with your name, without your notice, chances are that you could be the victim of Identity Theft. The right place to start with managing your identity theft is the IdentityTheft.gov. This is a website owned by the government that will help you notice any theft and receive a recovery plan.
If you aren’t able to resolve the problem with your financial institution, you still have another option. You can always forward your complains to the Consumer Financial Protection Bureau. You can report your complains through an online website, and a committed support attendant will look into your situation.
For you to have good credit score, it is a must that you have positive information reported into your credit report every month. The easiest way you can achieve this is using the credit card. Try to ensure that your utilization is low. And make sure that you pay you clear financial statement balance every month and on time. If you do every time, your credit score will finally improve.
The earlier you can notice a problem with your credit report, the easier it will be for you to solve. To make sure that you receive notification about any issues in the future, signup with a reputable credit monitoring service.
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About the Authorleo
Joined: December 10th, 2017
Articles Posted: 5
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