Credit Card Articles

Are you tired of bad credit and the damaging effects of a low credit score? Well, there is good news. There are some very simple and quick ways to improve your negative status. Let’s take a look at 3 ways to improve your current situation:

1. Get a copy of your credit report from the three big bureaus: Equifax, Transunion, and Experian. Some people try to get by with just one of the bureau reports but it is important to get the three because they often have differing information on their reports.

Now, peruse through your report carefully and look for errors, omissions, and falsehoods. If you do in fact come across any errors then be sure to dispute them by way of written letter detailing the specific problem. When you do send the letter be sure that it is certified mailed in order to track it down if there are claims that the credit bureau “never received it.”

2. Be careful to send your current payments on time and do not open any extra credit cards as this counts against you. Once you have a handle on current payments do what you can to pay the accounts down and then finally pay them off. It may seem impossible now but it can be done little by little. I know this because I have done it myself in otherwise impossible financial situations.

Also, be sure to request proof that your account is closed once you have paid it off as this single issue often results in significantly lower credit scores.

3. If you are trying to re-establish your credit open a small credit limit credit card that you are able to pay back on a monthly basis. If you cannot qualify for an unsecured card be sure to get a secured card as this will be a good starting point.

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