My credit was in sad shape. I'd been late on several payments and I had some bad debt from a medical issue several years ago. All in all I am still $13,000 in debt. I'm slowly working on paying it off. Here are some ways I've improved my credit and am working toward getting my credit back into shape.
Every year I order a free copy of my credit report. I peruse this and not any debts that have been paid off and how far I have to go on other debts.
When I note a mistake on my credit report I make a note of it and write down how to contact the company. I then follow the procedures lined out on my credit report and contact said company. In most cases I've had the issue resolved within a very short time. My credit score is improving by using this technique and I am slowly edging my way toward better credit.
Contact The Credit Bureau
When noting mistakes I also contact the credit bureau and give them documentation that I've resolved the situation so that it can be included in my credit report.
When I can't pay a bill I call my creditors and tell them why. I don't expect them to drop the bill but in many cases they can reduce my payments for a time which helps me to get back on my feet.
I always do a follow up within 30 days to make sure that any changes are now showing on my credit report.
Keep Small Balances
While I am building my credit I am keeping small balances on my existing credit cards. I pay these off each month. This will help my credit to improve and help me to edge toward more financial credit in time.
Making Payments On Time
The longer I make payments on time the better my credit score. I make every effort to pay my bills on time no matter what they are for.
My credit won't be perfect overnight, in fact, it will take me a long time before I see a major
improvement. But I do have hope and I know that every time I make a small effort it is marked on my credit report. One day I will be debt free and my credit report will show that.
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More from this Contributor:
- credit report
- credit score
- Credit Bureau
- credit cards