subject: Credit Score: How To Improve It [print this page] Credit Score: How To Improve It Credit Score: How To Improve It
There are some things you can do to improve your credit score. But, it would first help if you knew what was causing your credit to be low in the first place! Is it because you can't make your payments? If you are doing everything right, perhaps it's the credit card company that is making a mistake that is causing damage to your score. Whatever the cause, it is the right step to take measures to improve your credit score right away! The sooner it is fixed, the easier it will generally be to fix!
If you are doing everything you should and your credit score is dropping, check copies of your credit reports. Look through them and try to find any mistakes that could have been made. Mistakes happen all the time, and the smallest of mistakes can accumulate to cause real damage on your credit score. If this seems too daunting of a task for you, you can always have a credit repair company do if for you! Chances are, they may find things that you miss since they are experienced and trained to know what to look for. Once the mistakes are found, your next step is to write a credit dispute letter.
A credit dispute letter is a letter that you, or a credit repair company, writes to the bureau that made the mistake. Not only do you need to point out the mistakes in the letter, but also why they are mistakes, and include proof of some sort if you have it. Once the letter is received, the bureaus under the Federation Law have to investigate the matter further until it is resolved.
If your payments are too high and you struggle to make your payments, a repair credit company can look at your credit report for excessive fees and unnecessary charges, and then work to get them waived or reduced. They can also think of other ways to get your payments reduced, ways you may not have even thought of. They are also good at negotiating.
