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Posts Tagged ‘Credit Repair’

There are many ways to correct and improve your credit reports; it’s just a matter of time, effort and understanding of what you did wrong in the past and how you must correct it in for the future.

It’s important to know your score and take corrective action immediately. The golden rule in combating bad credit is to know what’s on your reports. Ranked between 0 and 850, the higher your score the better your rating and a good score means low interest rates and approval for loans and mortgages. There are three major agencies that maintain a record of your credit score Equifax, Experian and Trans Union and you are allowed one free report from each every year, use this availability and request your reports.

After receiving your reports go through them with a fine tooth comb, marking any item that reflects a poor history such as late payments, collections accounts, bankruptcy. You’ll most likely discover that each report has different information as creditors don’t always report all items to all three agencies. Once you have identified your mistakes and address any item that is incorrect or are reporting incorrectly, contact the bureaus in writing for them to investigate and make the necessary corrections.