6 Steps to Fix Bad Credit http://bit.ly/qxZ5HL Fix Bad Credit
 


How to fix bad credit. In today's society where we are in a generation which is very much influenced by credit transactions, bad credit may definitely cause misery to one's life when it is not resolved.

Imagine, without a good credit standing, you cannot easily get a good apartment, much more a mortgage (although they are not that stable these days).

Thus, this article may help you to avoid the mistakes that may lead to a bad credit, and this may provide ways to an easier and faster way to fix bad credit.

 
Fix Bad Credit
 

The word "fix" is a very relative word, thus it may differ from one person's definition to another. It may depend on the situation that each individual is into as of the moment. For some people, to fix bad credit may mean raising their credit score. Others may need to remove late payments from their credit file to fix bad credit.

Your situation may include late payments, loan default, car repossession, and some people may need to remove collections from their credit file.

To fix bad credit means different things to different people. No matter what your situation you may find yourself, to fix bad credit is still your number one priority.

Your financial standing, your efforts to resolve these problems, as well as your moral fiber are all considerations that are to be taken account when you are ready to fix bad credit.
Fix Bad Credit - There is Always HOPE!
You should always remember that in resolving these credit problems, there is always hope.

Here are some of the ways on how to fix bad credit and remove all negative items that make it a bad credit:

1. First and foremost of all, you should always remember to pay your bills on time. Thirty five percent of your credit score is accounted on your ability to pay bills before they fall due. Tardiness may cause you to lose as much as 100 points.

Thus, this first step to fix bad credit is very much important for it can either make or break your attempt to repair your credit standing. Thus, you should always do everything in your power to settle all your bills on time.

2. Try to be aware of what is written on your credit report. If you are not yet insolvent, or something near that, you should refrain from getting free annual credit reports. Some experts believe that these free reports are tied to a technicality that increases time for reinvestigation when there is a dispute. Thus from thirty days, it shall become forty days.

3. You need to raise your credit score. With an increased credit score, the repair process can be accelerated. You may increase your credit score by cutting down your existing balances and debts.

4. Make sure that your credit reports do not have inaccurate information. These mistakes may hold back your ability to get credit. Be vigilant of these details, some debt collectors may use this dirty tactic against you.

Once you have seen inaccuracies, you should report them to the bureau in writing. If the mistake was committed by the furnisher, then you should inform him because it is his duty to correct such mistakes. However, if such errors were made by collectors, then a report against them should really be submitted.

5. You may also try to dispute entries made by credit bureaus because old debts are not worth verifying anymore. However, if you try this kind of defense, you should not rely on dispute letters found in the internet. It would be better if you write your own letter. This may show how legitimate your claim is.

6. Lastly, you should not dispute your open accounts for these may help you build a good credit history. Just make sure that you pay them on time.

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