Ways to Repair Your Credit
Do it yourself credit repair is easier than you suspect and the first thing is to work out where you stand. Get free copies of your credit score from the three credit bureaus: Equifax, TransUnion and Experian. It’s important to get one from each bureau since your report may differ on each one, and once completed you’ll have a clear picture of your overall credit score.
Plan Your Attack
Review your copies and start designing your own fiscal plan. If you’ve got any overdue accounts pay up or restructure them. Call your card company and barter reduced regular payments, change the due dates to a different time in the month or ask for an extended payment schedule. Whatever new agreement you will come up with, be sure it’s in writing.
Develop New Habits
Start paying on time if you are in the practice of making overdue payments. You also need to sit down and make a budget. An important line item in any budget is a bit of fun money each month so you can stay with the plan, but also ensure you are saving whatever you can.
Say Goodbye…
Another good tip is to shut inactive credit accounts but close them slowly. Too many credit lines can lower your score but do not close your oldest accounts as the length of your credit history is vital to the big picture. Double check these closed accounts are labeled closed by consumer by checking your credit reports in a few months to guarantee a good report.
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