Already on ArticleSlash?

Forgot your password? Sign Up

How to Repair Your Credit

 


Visitors: 1,449
 2 votes

Perhaps you knew what you were doing when you used your credit cards to buy things you really couldn't afford. Maybe you were never taught about money management. You may have even tried to use your credit cards to finance your life during a time of need – after a job loss or financial emergency. Regardless of the reason, your credit is now shot. The good news is that repairing your credit doesn't need to be as difficult as you imagine it to be.

Review Your Credit Reports

The first thing you need to do is order copies of all three major credit reports- the ones issued by Experian, Equifax, and TransUnion. Take your time and review the information shown on each report. Make sure that closed accounts show as closed, paid accounts show as paid, and that all of the accounts on your report actually belong to you. Take immediate action if you see any errors or inconsistencies. Some mistakes can be corrected through the credit bureaus but for others you will have to contact your creditors directly. Stay in touch with everyone involved until the corrections are finalized and make sure you keep documentation of every conversation you have.

Pay Your Bills in a Timely Manner

It may be hard right now but you have to become focused and try to pay your bills on time, all the time. This includes not only your credit card bills but your utilities as well. Even your cable company can report to the credit bureaus. Do your best to make sure everyone is paid on time every month. Your credit score will slowly but surely begin to improve.

Obtain New Credit

Repairing your credit does involve using credit. Sites like offer credit card options to those with questionable credit histories. You will use this card not to buy things but to make small purchases you can pay off right away. Do not max out this card or use it to make frivolous purchases. Use it for things you buy on a regular basis – like food, gas, or clothing – things you already have money for in your budget.

Repairing your credit will take a bit of time but if you are willing to put in some time and effort you will soon see major improvements. Take your time, make sure all of the details are accurate, and do your best to learn the difference between the things you want and the things you actually need. Your credit score will be on its way up in no time.

(445)

Article Source:


 
Rate this Article: 
 
4 Things You Need to Know About Credit Repair Lawyers The Simple Truth About ..
Rated 3.0 / 5
based on 2 votes
ArticleSlash

Related Articles:

Credit Repair Maryland- Free Fascinating Fact For Credit Cards To Repair Credit

by: Rahulraj Roy (August 06, 2011) 
(Finance/Credit)

Credit Repair and Credit Card Repair - What are the First Steps to Repairing My .

by: Ashley Bowkett (January 27, 2008) 
(Finance/Credit)

Credit Repair and Credit Card Repair - The First 6 Steps to Repairing your Own ..

by: Ashley Bowkett (January 27, 2008) 
(Finance/Credit)

Credit Repair - Know Your Credit Score So You Can Formulate A Good Credit ..

by: Andrew Poletto (December 21, 2007) 
(Finance/Credit)

Credit Repair Made Easy - Self Credit Repair Tips To Make Your FICO Scores ..

by: Mike Miller (April 29, 2010) 
(Finance/Credit Tips)

Is Credit Repair a Scam? 2 Proven Tips to Make Sure You Are Getting Legal ..

by: Danny Fredricks (September 07, 2008) 
(Finance/Credit Tips)

2 Sure Shot Ways to Repair Your Credit Quickly Easy Credit Repair Strategies ..

by: Ian Hollander (July 24, 2008) 
(Finance/Credit Tips)

Will Credit Repair Raise My FICO Score? Discover the Truth About Self Help ..

by: Danny Fredricks (September 07, 2008) 
(Finance/Credit Tips)

Credit Repair 5 Ways the Law Protects Consumers Against Deceptive Credit Repair .

by: Ken S (July 30, 2008) 
(Finance/Credit Tips)

4 Things You Need to Know About Credit Repair Lawyers The Simple Truth About ..

by: Ian Hollander (July 24, 2008) 
(Finance/Credit Tips)