Good morning Dinks! I hope all is well with you. Being creditworthy is something that many of us strive for. Some people are taught the basics of credit at an early age while others learn them a little later in life. Unfortunately, I was one of those who learned about credit in my mid 20’s, after I had made a few mistakes. Thankfully, I learned some tips and applied them to myself. My credit is much better than it was two years ago. I want to go over a few credit repair tips today. The tips don’t call for you to pay someone for help. You can do them right at home for free,
Get copies of your credit report
The first thing that you need to do is get a copy of your credit reports. There are three credit reporting agencies. You can get one report, or you can get all three of them. My suggestion would be to get a copy from all three of them. When you get your reports, look at them very carefully. Take note of any mistakes that you might see. You might be surprised at the amount of wrong info that could be on your report. If you find any errors, contact the credit companies as soon as possible. They have 30 days to fix them. Make sure that you send any info that you have that will prove that the item in question is a mistake. Copies of bills paid in full or copies of receipts are examples of things that you can send in. Your credit score can increase by a lot of points if that error is updated. You will be able to qualify for more credit, and you will have lower interest rates. If you have any mistakes, make sure that you get them fixed today.
Pay bills on time
This next step should be common sense, but common sense isn’t common anymore. Make sure that you pay your bills on time every month. Sometimes things happen that will throw you off. You could lose your job, or you could have an emergency. You should have an emergency fund in place just in case something happens. If you still find yourself in a situation where you are not able to pay the bills on time each month, you will need to do one of three things. You can find a way to make more money, decrease your monthly bills or talk to your creditors to see if they will lower your payments or interest rate so that you can pay your bills.
In some cases, your creditors will agree to lower your interest rates. It’s a case by case scenario, though. In the short term, your credit may still go down, but in the long run, it may make easier for you to get back on track and get things paid off more quickly. The main thing here is that you don’t want just to ignore your bills. Doing that will set you back for years.
It may seem like you could have bad credit forever, but it doesn’t have to be that way. You can get your credit up to par by doing these few tips. You just have to take charge and make the decision to do it. Start right now. Having better credit depends on it. If you still feel lost and helpless, you can find a credit counselor to help you out. Regardless, the sooner you decide to change, the sooner you’ll be able to feel the effect of having a good credit score.