If you are wondering how to improve your credit the the information below will help you lay the foundation of good credit and give you some tips to improve your credit score The first step to getting your credit in order and your FICO score increased is to get your current financial situation in check.
The best and most effective way to get this done is by sitting down and forming a monthly budget.
By starting a budget you will be able to start paying your current bills on time and also set aside an amount to use to help pay down debt you currently have.
Paying down your current debt and paying your account son time is critical because the amount of your credit that you have used and paying on time are two of the biggest factors in determining your scores.
Screw either one of these up and your scores will fall fast.
Once you are paying your bills on time and working to pay them off you need to start clearing up some of the negative items on your report that will also pull your scores down.
This is often referred to as credit repair and can be easily accomplished.
To start make a list of any negative accounts on your credit report.
Next draft a dispute letter for each of the accounts and send the into the credit bureaus starting with the oldest accounts.
They will investigate the information and if it the negative information cannot be verified then it will be removed.
As a precaution make sure to only send the letters two at a time or your dispute efforts could be flagged as frivolous and they will be ignored.