How You Can Repair Your Credit Easily

Repairing your credit is not hard to do, it just takes time and patience. Mistakes on your credit can lower your score and cost you money. This article will show you just what you need to do in order to get those errors off of your credit report and start to see your score go back up.

If you are working to repair your credit the first thing you should do is obtain a copy of your credit report from the three top reporting agencies. This will give you the names of those you are in debt to as well as the amounts that you currently owe. You can get this for free once per year.

If the credit bureau agrees to remove the disputed item from your report, be sure to get a copy of the decision in writing, a copy of your revised credit report, and all documents that you had submitted in filing this dispute. Sometimes the same error can reappear on a report a few months down the road. Having proof that the error is a confirmed mistake can save you from the hassle of refiling the dispute.

If you can't pay a debt off, you should contact the creditor your debt is through. Many creditors are willing to work out smaller payments so you can get a debt paid back to them without negatively affecting your credit report. They would rather accept a lower payment than none at all.

On a yearly basis, review your credit report for items that could mean your identity has been stolen. If you see inquiries that you did not authorize or accounts opened that you do not recall, start taking action immediately to secure your identity and put a hold on your credit.

Keep using cards that you've had for a while for small amounts here and there to keep it active and on your credit report. The longer that you have had a card the better the effect it has on your FICO score. If you have cards with better rates or limits, keep the older ones open by using them for small incidental purchases.

Read your credit card statements each month. You will not notice the mistakes that can be made if you do not take the time to look at the statements each month. If you are charged for a late payment and you were on time making the payment, you need to