Credit score is one of those things that a lot of people leave alone because it seems complicated. If you have bad credit, it doesn’t have to remain that way. Fact is, whatever your credit is like right now, you can improve it.
Don’t be foold. Credit agencies aren’t perfect. They are not 100% accurate at all and that comes at your expense. Let’s go over some things you should do.
1. How do you go from bad credit to good credit? Click the link to see how a guy with tons of negative accounts removed them all legally.
2. You need your up-to-date credit report. Here’s a free way to get yours. If you’ve never seen a credit report, you are going to be surprised. Some accounts could be on one report but not on another. The result is a different credit score per report agency.
3. Hopefully, you’ll see all your good accounts listed. If not, that could be killing your credit score. Contact the company and the reporting agency to get it listed.
4. Be smart. Does paying off collections help you? Actually, no. Don’t be in a rush. You need to do things right or you’ll be in trouble.
5. Dispute bad items. There’s most likely mistakes on your credit report that’s costing you. You’ll have to contact the CRA. That guy gives sample letters and instructions.
6. Utilization kills you. If your credit available from all credit cards is say $5,000 and your credit balances are $2,500, you’re using 50% of your available credit. This is a bad spot to be in. Keep your credit use to 0-30% of your maximum total credit. When your utilization is above a certain point, you start losing points.
7. Don’t apply for everything under the sun. When your credit gets pulled, it can hurt your score. The exception is credit reports. Those are ok. Try to keep your applications to a minimum.
There’s a lot more you can do to repair credit and improve your credit score. What I gave you was an overview. For a step-by-step guide, check out that site I told you about above.
Some other stuff:
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