5 Easy Ways To Improve Your Credit Score

A Proactive Approach Never Hurt Anyone:

Improving Your Credit Score One Step At A Time

A damaged credit score can affect a number of things in your everyday life. Aside from the emotional strain and stress that damaged credit provides, a poor credit score can affect anything from applying for loans, to potential job opportunities. Credit restoration takes more than just time; it requires effort on your part as well. It’s easy, we’ll show you how.

 

1. Order Your Credit Reports

You can’t begin the process of credit restoration without having a good grasp on your own credit situation. This is an extremely important step. You must find out what the 3 main credit bureaus, Equifax, TransUnion and Experian, have on file about you and what is being reported.  Chances are all 3 are going to vary, this is completely normal as creditors aren’t required to report to all 3 bureaus.

 

2. Carefully Examine Your Credit Reports

We can’t stress this enough! Be extremely thorough in your examination. The majority of Americans have incorrect information reported on their credit reports. The credit bureaus are not required to verify the information the creditors send over to them. They generate your credit score/reports based solely on what they receive, regardless of the accuracy of the information. This leads us straight into our next step.

 

3. Credit Disputes and Resolution

Credit errors hurt your credit score more than you may think. This is why creating a dispute is vital. You can do this all online as you’re investigating your credit report. If you prefer to have hard copies of your documents, mailing these disputes in is an option as well. It is important to clearly identify and document all the disputes being submitted. Make sure to print out and keep extensive records of EVERYTHING. Once submitted, a resolution may take up to 45 days to be completed.

If you need assistance with this step, please call 888-586-7099

 

4. Get Caught up on All Open Accounts

Devise a structured plan to bring all your open accounts current. Do this as fast as you can. If you’re struggling to make your monthly payments, call your creditors and let them know your situation. Communication is key during this time. The easy way is to just ignore it and hide under a rock, but if you show the creditors you’re actively trying to get caught up, they will work with you and you’ll feel surprisingly relieved after this.

 

5. Don’t Wait!

It’s very easy to become overwhelmed and put off the credit score restoration process. Don’t do this. Whether you’ve just filed Bankruptcy or you’ve finally decided to do something about your situation, get started now. One of the easiest ways to get up your credit score is getting a secured credit card. Go to your personal banking institution and apply. The majority of them will report to all 3 major credit bureaus. This is an excellent way to get your credit score back on track. Start small and remember to keep your CUR (Credit Utilization Rate) between 20%-40%. Be patient, and most of all be smart about your purchase.

 

Be sure to visit our blog for more information on how to repair your credit, on your own, with little out of pocket cost.  If you would prefer to hire a professional to assist you, contact us for a free consultation and we can point you in the right direction.

 

 

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