If you currently have a bad credit, do not ignore your situation. Doing so will only lead to more debt and more negative marks on your report. To help you go through that financial problem, here are 10 steps on how to fix my credit score fast.
Investigate your situation by checking your mail and statement of accounts. If the interest rate of your credit card is 20% or more, you are already in a critical financial crisis. Start determining your credit status in order for you to act sooner in giving a solution to those problems.
Request a copy of your credit report from one of the three credit bureaus namely Equifax, TransUnion, and Experian. Once you receive the report, read it carefully and note all the items that you do not understand or recognize. Look for errors that need to be corrected and look for negative marks in your report.
If errors or negative marks are present, contact the bureau as soon as possible and tell them those errors and marks. Ask them if they can correct these errors and if they can, request for a correction or amendment. Remember to request a copy of the revised version of your report.
If those negative are due to a large amount of debt waiting to be paid and attended to, start paying them off now. Save money by not spending on things that are unnecessary. Do not get tempted by your favorite mall store like those offering discounts in shoes, clothes and others. Purchase only your basic necessities like food, water, rent, gas, beverage and others. Use the amount that you will save in paying your debt.
If you are hard up in paying your debt at the moment, immediately contact your debtors and lenders. Ask them their advice on your situation or request them to work out a payment plan to make it easier for you. Never try to hide from your lenders or debtors because doing so will only cause more misunderstanding.
Start reestablishing good credit by paying all your bills on time. Never let a due date pass without paying your bill.
Once you pay your debt or outstanding balance completely, you can already apply for a new credit card in order to start a new record or account.
Once the first bill of your new credit card arrives, pay the required balance immediately. You do not want to have negative marks in this account again so always remember to pay on or before the due date.
Monitor your accounts by requesting a copy of your credit report. Again, check for errors, negative marks and other items that need to be removed or corrected. You can do this at an annual basis to make sure that your record is clean and accurate.
Maintain a good record by staying disciplined at all times. Do not abuse your credit card anymore so that you will no longer experience a credit related financial crisis.
http://tiny.cc/CreditRepairUniversity How to fix credit report errors. You do not have to live with errors on your credit report. We can show you how to quickly and easily get those items removed. However, sometimes fixing credit report errors can be a tough task if you do not know the proper way to go about it.
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