This Article is About
improving your credit
credit checks
two choices
death in the family
insurance companies
Improving Your Credit-simple Steps To Repairing Credit And Improving Your Credit Cores
Join 1000's of Authors at StreetArticles Today!

We all strive to maintain a good credit history and no one sets out to have bad credit. However, circumstances in our lives may leave with no other alternative.  It could be as a result of illness, death in the family, loss of employment, injury, or whatever the case you now have bad credit.   This can be a huge hurtle in improving the quality and standard of living as employers, landlords, insurance companies will run credit checks.   You want to apply for a mortgage or a car loan?  Your credit history is vital to getting approved or in the rate you will receive. 

What can we do to repair your credit?

You have two choices in you journey to repair your credit.  You can do it yourself or you can use a paid credit repair service as there are several.   Doing it on your own can be time consuming but it’s not difficult.

Repairing credit on your own

You should order a copy of your credit report and find out exactly what the FICO scores are and if the information is accurate.

Things to look for

As you look over your credit report pay close attention to inaccuracies.  Late payments recorded in error, inaccurate balances, accounts reporting that don’t belong to you or any derogatory information.

Derogatory information can consist of late payments, charged off accounts, judgments, collection accounts, bankruptcy and others.  All of these will dramatically bring your score down

What next?

List all your bad credit accounts from oldest on top to most recent on the bottom and separate them from your good accounts.   Pick your disputed accounts and complete the credit dispute letter.  When your order your credit report from the three major bureaus they typically have a dispute form attached.   Please note that each bureau may report different information and you may not want to send a standard dispute letter to all three.  If you are overwhelmed by this, you can find some self credit repair kits that can walk you through these steps.

When completing the credit dispute letter be sure you include the account number, account name, your address, social security number and reason for your dispute.  Once the bureaus receive your dispute they are obligated by Federal law to investigate it with the credit provider.  The credit provider must respond or account will be removed and therefore increasing your score.

Other important factors

Your balance relative to your limit and number of credit inquiries are other factors that can be the difference between good credit scores and low or bad credit scores.

If you are still tentative about doing the self credit repair, there are several publications you can purchase online for a reasonable price that will help you improve your credit.

Street Talk

No comments present
You May Also Like
3 Simple Ways to Raise Your Credit Score
Your credit really determines how reliable you are as a person when it comes to paying bills. Or, so they say. Truth is, paying your monthly bills on time can not guarantee a higher credit score. You can regularly pay all your monthly bills on time and still have a…
By: Scott Oberholser in  Finance  >  Personal Finance   Aug 05, 2011  
  Likes: 2

Insane Interest Free Periods
I firmly believe the credit card firms should be held accountable to some degree for consumers Now, in theory, these are fantastic, IF you are disciplined enough to use it ONLY for that duration. Nowadays we are seeing up to 40 months interest free options, that's more than 3 years!…
By: Dave Page in  Finance  >  Credit   May 28, 2016  
  Likes: 0

Benefit Of Getting Easy Personal Loan In Singapore
In the past years, it may be difficult to take out a loan from a bank. But now, it is easy to get cash help from the money lenders. If you are faced with personal financial situation, it is important to find a good lender. The benefits of getting easy…
By: creditexcel1 in  Finance  >  Credit   Apr 18, 2016  
  Likes: 0

Seamless Chex: Your Fastest Way To Accept Check Payments Online
Do you want to have your check processed in a shorter period but can’t find any bank to do it for you? Worry no more because here comes Seamless Chex that provides a faster way of check payment processing. In as quickly as 60 seconds or less, you can already…
By: Ryan Steyn in  Finance  >  Credit   Apr 15, 2016  
  Likes: 0

Credit Repair to Get the Clean Chit for the Credits And Loans
When we plan to make the make the payment using someone else’s money is in simply terms a credit. Whenever a person applies for a loan or mortgage or even a credit card, it is the fact that they getting the borrowed money from someone who has deposited the money…
By: Smith Davidson in  Finance  >  Credit   Apr 02, 2016  
  Likes: 0

Born2invest As A Storytelling App
There’s something classy about the Born2Invest app. It’s neat, simple, and professional. Unlike any of its competitors, it is deprived of useless web elements typically found in a content curation app. “It is very undemanding and navigable,” said one tech journalist during the app’s official launch in Manila last July.…
By: Arturo Garcia in  Finance  >  Credit   Mar 11, 2016  
  Likes: 0

Find Out About Zone Voucher LTD
People have an increased interest in electronic money, because it has become more valuable than ever and although more and larger retail shops have accepted payment with e-wallet, buying coins and money of all kind is not an easy job. This is where Zone voucher LTD comes in discussion, offering…
By: Sheraton Veranda in  Finance  >  Credit   Feb 19, 2016  
  Likes: 0

Why Corporatecashcreditcom Is So Focused on the 80 Paydex Score
Like many others, you might be wondering why Corporate Cash Credit places so much emphasis on helping clients achieve an 80 Paydex score. Well, unless you are business owners you probably don’t know why an 80 Paydex is so important. Corporate credit is different than personal credit, but businesses must…
By: Cristia in  Finance  >  Credit   Jan 21, 2016  
  Likes: 0

Trans union credit reporting for redress
Trans union credit reporting agency was founded in 1968. In the year 2009, Trans union credit reporting agency could boast of maintaining credit histories of about 500 million consumers in the world over. This information is in line with what's on their web site. No doubt, credit histories can help…
By: Mad Marketer in  Finance  >  Credit   Dec 24, 2010  
  Likes: 0

Your Credit Cards And Allowing Your Teenagers Access to Them
You carry your credit card around with you for making payments. It is a better option than carrying large sums of money when you go shopping and dining. At times when you are so preoccupied with your work, you may have to send your teenagers to do your shopping for…
By: harold harry in  Finance  >  Credit   Apr 23, 2013  
  Likes: 0

Questions to Ask Your Bank to Find the Best Credit Card for Your Lifestyle
If you are looking for the best credit card for your lifestyle, it’s rather difficult making a choice as there are hundreds of cards available in the market. These cards come with varying combinations of fees, benefits and interest rates. It’s thus better to ask the different banks for this…
By: maddoxpaul in  Finance  >  Credit   Apr 22, 2013  
  Likes: 0

The Safety Of Buying Online
With its speed and convenience, making payments online through payment gateways has become an increasingly popular method of taking care of our day to day purchases and payments. There are those who are hesitant to take this step, having been scared off by worries about identity theft and the general…
By: Natalia7 in  Finance  >  Credit   May 02, 2014  
  Likes: 0

Are Credit Monitoring Services For Me?
Consumers who seek ways to improve credit scores may be offered a vast amount of products and services as they search online. These services may allow them to obtain their credit report, their credit scores, assist them in finding ways to improve credit scores and also help them keep regular…
By: Ron Estel in  Finance  >  Credit   Nov 11, 2011  
  Likes: 1

Online Payday Loans – To Get Cash for Instant Monetary Support
You need to borrow money for that urgency. So, the borrowed funds are required to be up to you at a certain time. Rather than making personal visits to a lending institution, it would be good whenever the application for the loan is created online. Payday loans online is carved…
By: katherinenewman in  Finance  >  Credit   Jul 01, 2015  
  Likes: 0

Repairing Bad Credit History - Do It Yourself
Hello, I’m going to get right to the point here, “you need credit help”. How do I know this? Because you have searched for ways increase your credit score. So with that out of the way let’s see what we can come up with in repairing bad credit history. What…
By: Dave Swanson in  Finance  >  Credit   Mar 04, 2014  
  Likes: 0

Article Views: 1962    Report this Article