subject: How to Get Your Credit Score Fixed [print this page] How to Get Your Credit Score Fixed How to Get Your Credit Score Fixed
Negative remarks on the credit report is cause by late payments and non-payments of loans and credit including utility bills that are not paid on time. Basic necessities such as the utility bills should be paid on or before due date or else it will make a mark on your credit score; on the other hand, timely payment of the said bills will not make any effect on your credit score. Apart from utility bills, late payment of child support can also mean a decrease in your credit score. Repossession of properties is another situation that can lower your credit score.
There are options available to get your credit fixed. These are:
- credit repair by qualified lawyers
- do-it-yourself processes
- credit repair companies
If you want to avail any of these options, it is very essential to obtain your credit report from Transunion, Experian and Equifax so that you know where to start repairing your credit. Thanks to the legislation of the FCRA (Fair Credit Reporting Act), every consumer has now the right to obtain free credit report every year from any of these major credit reporting agencies.
After you have your credit reports, you need to look for transactions or information contained in the report that made your credit score decreased. Information such as
- Incorrect posting of the date of payments that resulted to the interpretation of late payments
- Non-payment of loans and credit
- Purchases that exceeded the maximum credit limit
- Tax liens on properties
- Foreclosure and repossession
Credit repair begins when there are inaccuracies and errors in the information furnished by any of the credit reporting agencies.
If you choose option 1, that is to perform the credit repair by yourself, you need to write out correspondences, make an effort to communicate with the creditor's authorized representative and visit the main office of the creditor. The processes can be cumbersome especially for companies that look reluctant to correct their errors in your credit report. However, it can be cheaper than any other option.
If you choose option 2, that is to utilize the services of credit repair companies, you will pay a certain amount for their services but you will be spared from the tiring task of filing a dispute.
