Repair Your Credit History
Your credit history is what you will be judged by for your entire adult life. It is your credit
history that will determine whether or not you get a loan for a new home, whether or not you will get financing for
a new car, and whether or not you can rent an apartment. Your credit history will also determine whether or not you
will be approved for future lines of credit, whether they are from a credit card or a doctor's office. Your credit
history determines whether or not you will have to pay a deposit when you get a new cell phone and it is even what
will determine whether or not the utility companies will let you install services. Sometimes your credit history
will be the deciding factor in whether or not you are hired for a job. You've been told this since the day you
signed up for your first credit card and in spite of this; you now need to know how to repair your credit
Perhaps you have discovered errors on your credit report or you've gotten a bill for a credit card you don't
remember signing up for. Or, maybe, you had a financially irresponsible youth. Debt accumulates for many reasons
and there is no reason to be ashamed of it-or the fact that you need to repair your credit history. Most people do.
Credit reporting agencies are not accurate, and most people have found mistakes in their credit reports.
The first step if you want to repair your credit history is to get a copy of your current credit report and
notify the credit reporting agencies of any mistakes you find. You will want to check your credit report every
three months until you completely repair your credit history and even then, you will still want to check it at
least once or twice a year.
Next you will want to validate your debt. Ask all of the companies claiming that you owe them money to send you
proof of your debt with them. This request must be done in writing and the companies have thirty days to reply. If
the companies fail to reply or to supply you with sufficient proof of your debt, they are required by law to delete
you from their system and the credit reporting agencies are required to
delete the account from your history.
Once you know, for sure, how much you owe; you must begin to pay it off. Pay off the smaller bills and make
payments on the rest. Make sure to make all of your monthly payments on time or even early. Most companies are more
than happy to work with you when they know that you are serious about paying off your debt.
In fact, the best way to repair your credit history is to slowly replace the dubiousness with
steadfastness and responsibility. You can do this by not missing a single payment from now on.
Credit in Minutes Tip #1
Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report
every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them
with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets
Credit in Minutes Tip
Just because you qualify for all of those credit cards does not mean you should get them. A person with too many
credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially
stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?
Credit in Minutes Tip
The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be
true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time
will keep your score up where it should be.