Having a good credit score is essential in today’s economy. A good credit score can help you get approved for loans, obtain more favorable interest rates, secure better rates on insurance policies, and even help you land that dream job. But what do you do if your credit report isn’t looking so hot? The answer is simple—clean it up! In this blog post, we will go over a few tips to help you clean up your credit report and increase your credit score.
Check Your Credit Report
The first step in cleaning up your credit report is to check your credit report for any errors or outdated information. Under the Fair Credit Reporting Act (FCRA), consumers are entitled to receive one free copy of their credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) every 12 months. This free annual check is the perfect opportunity to review your reports and make sure all of the information is accurate and up-to-date. However, we do recommend to stay on top of it by choosing a credit monitoring service that will provide with you benefits such as Identity protection and monthly updates on your credit report. Think about it, it is much easier to address something as soon as you know about it, instead of once a year. So here at Credit Fitness Financial Group, the best credit repair company in Oklahoma we recommend constantly monitoring your credit report with a low cost credit monitoring service.
Dispute Errors on Your Report
If you find any errors on your credit reports, it’s important that you dispute and challenge the validity of them right away. To do this, you will need to contact both the creditor who reported the error and the appropriate credit bureau where it appears on your report. Include as much detail as possible when disputing an error including why you believe it is incorrect. The creditor then has 30 days to investigate the dispute and must notify both you and the bureau of its findings within that time frame. If they find that an incorrect item was reported, they must correct it or remove it from your report entirely.
Pay Bills On Time
Paying bills late can have a huge impact on your credit score so make sure that all of your bills are paid promptly—every month! Additionally, paying more than the minimum amount due may help reduce debt faster and improve your payment history which can have a positive effect on your score over time. If you have trouble keeping track of all of your bills, consider setting up automatic payments for each one; this way you won’t forget any payments due!
Cleaning up a bad credit report takes time but with dedication and effort, it can be done! Start by checking all three of your reports at bare minimum annually and dispute any errors or outdated information that may appear on them. Then focus on making timely payments every month; this will not only save money but can also help improve payment history which will positively affect scores over time. By following these simple steps, you can begin to clean up your credit reports and take back control of your financial future! We understand that not everyone may have the time to try to go through their credit reports, and if this is you, we encourage you to schedule a brief call with us to review your credit report with you and we can provide our expert credit services to you. Schedule your free consultation with us today by clicking here. We look forward to helping you along your credit journey.
