3 Things You Can Do Right Now to Start Repairing your Credit

The first thing to know is – it takes time to repair bad credit and to increase your credit score. Repairing it can be compared to a weight loss regimen, the results are obtained gradually and there is no shortcut to achieve them overnight. The approach that will yield the best results is to manage it over a period of time. By starting to rebuild your credit score right away, you’ll see a gradual improvement in your credit score.

Here are 3 tips that you should start implementing right now to improve your credit score:

  • Obtain your credit report and check for errors – To improve the credit score, first check your credit report. If you don’t have one then request a free copy from each of the three credit bureaus and check for any errors. Credit reports have data that is used to calculate a credit score and 79% of all credit reports contain errors. You should scrutinize your report to see if there is any information that has been incorrectly added on to your report. Late payments or an incorrect entry of a loan amount that you owe for all of your open accounts could be reported incorrectly. If a mistake is found,call the  credit bureau that is reporting the item and report it immediately.
  • Payment reminders – The best way to improve your credit score is by paying your bills on time. For customer convenience, most banks offer payment reminders via text or email when the payment is due. Another way is to synchronize automatic payment via credit cards so that the payments are automatically withdrawn from your account. They charge a minimum amount for this, however this does not help in eliminating the responsibility of money management, yet this system ensures that you pay your bills on time, which will help to improve your credit.
  • Step by step lower the debt owed – This is the toughest step but by gradually lowering the debt owed, you can surely improve your credit score. This can be started by stopping the usage of credit cards. First, take your credit  report, check all your accounts and statements to see how many companies you owe and what the amount and interest rate is. Devise a payment plan in tune with the available balance in your account – start clearing the debt by first paying those who charge the highest interest simultaneously paying the minimal amount to the other companies.

Summing it up, you have to come up with surefire ways to make the payments. Leaf Credit Solutions is a credit repair service that helps you do this in the above said ways.

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