How To Fix Bad Credit
Look At Your Credit Report ? In order to repair your credit, you need to start with your credit report, itself. Your credit report contains all the data to calculate your score and periodically checking it, helps you catch possible errors. In particular, pay attention to late payments, open accounts and amounts owed to make sure those are correct. If they aren?t, dispute that with your credit bureau and reporting agency.
Optional Payments ? One of the biggest contributing factors to your credit report is making payments on time. Some banks offer payment reminders through their online banking software that will send you notifications when a payment due is getting close. You can also have your payments automatically debited from your account to avoid late payments. There are even bi-weekly payment options.
Reduce Debt Owed ? Review all of your accounts, find out the interest rate and determine how much you owe on each account. Paying off your open accounts is very rewarding in the process of bringing your credit score up. Find out which interest rate you are being charged and come up with a payment plan, putting most of your payments towards the account with the highest interest rate. Make sure you still maintain minimum payment on the other open accounts.
To summarize, ?fixing? a credit score is more about fixing errors in your credit history (if they exist) and then following the guidelines above to maintain consistent, good credit history. Raising your score after a poor mark on your report or building credit for the first time will take patience and discipline.
Our Business Managers at Cueter Chrysler Jeep Dodge Ram have over 30 years of experience with bad credit auto loans. We want our customers to understand, we are here to help them get into a better credit situation. We want to make sure you can get into an affordable vehicle and repair your credit the right way.
To schedule an appointment with one of our Finance Managers, please click the link here and someone will be in contact with you.