Two Tips to a Good Credit Score
by: JustinHutto |
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The easiest tip to a good credit score is to pay your bills on time. Even if you have negative items on your credit it is still very important to pay your bills on time.
The reason is because by paying this month bills on time you will be showing positive payment history. Positive payment history is one of the biggest influences on your credit score.
The more time that passes between today and the last time you paid late, had an account charged off, or any negative mark the better. So even with bad items on your credit report it is still of the utmost importance that you pay these months bills on time and continue too.
The second tip is to remove any marks that are unverifiable or inaccurate. The credit system in America has many short comings. It is your responsibility to make sure incorrect information is not being reported on your credit report.
A common reason for inaccurate information to be reported is due to a divorce. A judge will divide the debts and if an ex-spouse defaults on a loan, that they were court ordered to pay, it will still be reported on both of your credit reports.
When a lender makes a mistake it can result in bad credit for you. An example of this is when the amount due on a loan changes and you are not notified. You continue to make your regular payments yet your credit is being damaged every month.
Stolen identity and credit reporting errors are common reasons for inaccurate information too. These are just a few examples of how easy your credit can be damaged.
These are all inaccurate marks on your credit report. You should dispute and remove all of these marks.
Congress passed legislation to protect people just like you that find themselves in this situation. The Fair Credit Reporting Act says that inaccurate information must be removed.
In order to file a dispute, a dispute letter must be sent to each credit bureau that reports the inaccurate mark. Then the credit bureaus will conduct an investigation and if the listing is found to be inaccurate or unverifiable it will be removed.
It is typical of credit bureaus to respond to a dispute letter by requesting more information. Thus many have found it useful to hire a credit repair firm.
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To learn more about credit repair or for information on how to proceed with an experian dispute visit us.
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