Everyone pretty much knows the situation in which the economy stands right now, and that certainly doesn’t help with fixing one’s credit score and re-establishing a positive credit score. However, that doesn’t mean there aren’t several steps anyone can take on their own to greatly help with improving it.
The truth is, people nowadays think the only way to fix the credit problem is by using credit improving services provided by different companies or individuals. This may work for some but in most cases these people are just after your money and won’t really help or solve the issue for you on the long run. You may be asking yourself, as many people do, how long will it take to increase your credit score? Please understand that this process can’t possibly just take a few days, you need to have patience and understand the ins and outs of this process to actually benefit from it and solve your credit problem.
There are a few steps you can take on your own and that’s what we’ll talk about here. Without involving a 3rd party, you don’t run the risk of getting scammed and end up in a bigger hole than before.
First off, to improve your credit score you first need to get your hands on a copy of your credit report, and you can do this for free by contacting any of three major credit bureaus that are obligated to issue one upon your request. It should arrive pretty quickly, so you don’t have to wait long to get it.
When you do get your hands on it, analyze it thoroughly and find any possible errors that might appear on it. Believe it or not, errors are not at all uncommon on credit reports, and reporting them can be very beneficial to your current credit standing.
After this step is over, and if you’ve found several errors, your are already well on your way to improving your credit, but the process is still far from being complete. Don’t quit half way or you’ll be greatly disappointed with your results.
Next up is to generate as many positive transactions as possible, and you can do this by getting store cards which have a small credit line and can be paid back with ease. Make sure to pay this type of bill – and any other bill for that matter – in time, and it will appear as a positive transaction on your credit report. Even if you just owe 50 dollars, by paying them on time, it will reflect on your report and improve your credit standing.
This might take a bit of time, so please be patient, it can’t be done overnight. The whole process can take at least a couple of months, but isn’t it worth it if it finally solves your credit problems? Make a commitment to yourself to follow all the steps outlined, to start paying bills on time, to consolidate debts and to be more organized, to stop forgetting or misplacing bills and start repairing your credit.
Act now, even if it takes you a couple of months to complete, the process is worth it!