Don’t let bad credit get your down. If your credit report is filled with errors and other bad marks, it can be costing you money. Not only that but it will make it difficult for you to get good loans, mortgages, and could even effect job applications.
It’s not the end of the world though. Your credit report can be fixed. It’s not as difficult as it may seem. Here are 4 steps you can take to help repair your credit and hopefully increase your score.
1. Request Your Credit Report
Every year, you are able to request your credit report for free. Make sure that you receive a report from each credit agency. There are three agencies that track your credit. Experian, Transunion, and Equifax. Each one has their own reports so you need to make sure to get all of them.
2. Examine Your Reports
Once you receive your reports, go through them and check to make sure there are no errors. Even a small error can have a large effect on your credit. Make sure that your name, social security number and address are all correct. Look at all of your open and closed accounts and double check their accuracy. Also, look at any holds, leans, or other black marks on your report to verify their accuracy.
3. File A Dispute
If you do find any errors on your report, make sure that you file a dispute with the credit agencies to get it fixed. You will need to file a dispute with each agency independently depending on which reports contain errors. Just write a letter to each one explaining the error. Include any information that will help prove the error. Ask for them to remove them from your report if possible.
4. Hire A Credit Professional
If all else fails, you should look into hiring a credit professional. They would be able to help save you time and money in the long run. A professional will be able to help you get all of the errors and other bad marks removed from your report.
In the end, if you do it yourself or hire a professional, just get it done. By fixing your credit, you will have more opportunities and save money. You can have that financial freedom everyone strive to achieve.