Solid Tips To Regain Your Good Credit Name Now! | Finance-411

Dispute every error you identify on your credit report. Send a dispute letter along with supporting documents to the credit agency that recorded the errors. Your letter should be sent with a request for return receipt, so you can have a record that it was received by the reporting agency.

When beginning your credit repair journey, remain wary of companies pledging to get negative credit report entries deleted, especially if those entries are accurate. Regardless of their claims, these debts will stay on your report for seven years at a minimum. You can erase information that is incorrect from your credit record.

In order to fix your credit, try to have multiple types of credit. One of the factors in your credit score calculation is the number of credit sources you have. Handling several different types of credit obligations including a mortgage, car loan and credit cards can hwlp you work towards improving your credit while paying for your credit obligations in a timely manner.

Build your credit back up to repair it. Prepaid credit cards offer you the ability to build credit while not having to worry about late payments or penalties. This will help you prove to lenders that you can be responsible, and are credit worthy

Try an installment account to get a better credit score and make some money. With an installment account there is a monthly minimum you need to keep, so only open an affordable account. Keeping an installment account will help your credit score.

Limit the checks done on your credit report. Whenever someone inquires about your credit score, the inquire is recorded.

These tips will make a big difference in your fight against bad credit. A good credit score is essential to financial freedom, take the time to learn about fixing your credit.

This article posted by Tom Morgan

Source: http://finance-411.com/solid-tips-to-regain-your-good-credit-name-now/

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