While the talk of bad credit having a negative impact on someone’s life might seem like something we hear about way too often, the scary fact: it’s true. If you have never had terrible credit, you might not be able to understand what it’s like. Applying for loans and getting financial help becomes more and more difficult.
Luckily, if you have a few negative things that you see on your credit score, don’t fret. Hope is not lost. Let’s take a look at a few steps that you can go through to improve your credit score.
Get Rid Of Credit Report Discrepancies
Discrepancies can be found in just about any section of your credit report. The discrepancy might even be your name or address! It is incredible what positive benefits can come from simply cleaning up your name or address. If you get rid of discrepancies on your credit report, you might get rid of your bad credit altogether.
Repair Dated Credit Lines
If you have negative accounts on your credit report showing from more than seven years ago, that is typically a sign of a problem. According to standard credit regulations, information older than seven years must be removed from your reports. If you have any information on your reports that is more than seven-years-old, make sure to get in contact with the credit bureaus and tell them that you have an expired account on your credit report.
Report Wrong Tradelines
It is fairly often that we hear from clients about erroneous debt popping up on reports. We always recommend people reviewing their accounts often to avoid having to deal with this. If you see any wrong information on your report, make sure to get in touch with the credit bureaus. They typically take anywhere from 30 to 45 days to draft a response.
Get In Touch With A Credit Repair Agency
Some people simply don’t have time to sit on the phone with credit bureaus or take time out to research and dispute discrepancies. One of the best ways to avoid having to do all of that is by getting in touch with a credit repair agency. They will typically handle any discrepancies you may have for a small fee.
Check For Identity Theft
One common occurrence that we often hear about is people having to deal with identity theft. If this is the case, you must ensure that you alert the credit bureaus and file a police report.
Fixing poor credit doesn’t have to be difficult. Sometimes, it’s a matter of going through your accounts and making sure all of the right information is there. Sometimes, it is simply a waiting game.
Of course, there is always the option of purchasing tradelines to potentially improve your score too. Make sure to get in touch with us here at Boost Credit 101 if you are interested in seeing how tradelines could potentially help your credit score.