How Do I Fix My Credit?


8 Tips On How To Fix Your Credit

Improving your bad credit report can seem overwhelming if you don’t know what you are doing.  The good news is there are a few simple changes you can make that will help you along the way. While our tips will help you manage and repair your credit report, it is important to remember that consistency is the key to this process – make sure that you are always responsible and consistent with the way you handle your payments and debts. Some negative items on your credit report are not your fault because of incorrect and misleading information. The tips that follow will help you to improve your current credit situation.

  1. Monitor and check your credit report to make sure that everything listed is correct. Make sure that your credit report reflects your actual debts and credit history. If you find that any of the information is outdated or doesn’t make sense then you will need to dispute your claim with the credit bureau.
  2. Keep copies of your payments. This way you have proof against incorrect credit history. If you find an error or any inconsistencies, seek the help of a credit repair service such as Ranieri Law LLC. Mr. Ranieri and his staff have the skills, knowledge, and experience needed to make sure that disputes are dealt with in a timely manner.
  3. Make sure that you pay your credit payments on time every time – a great way to do this is to set a reminder on your phone. Late payments are the leading factor that contribute to bad credit. Paying accounts consistently on time is good for your credit score and shows that you are reliable.
  4. When paying off your credit cards, start with the small balances. One of the things that the score takes into account is the number of balances you have on your cards. By settling the small balances first, your credit history won’t look as extensive and cluttered. This also is a much easier way for you to manage your finances.
  5. Use your credit card prudently. Do not spend more than 30% of your credit limit and make sure you are able to pay the balance off at the end of the month. It is important to stay on top of your debt but it is also important to keep your credit active by using your credit card.
  6. It helps your credit rating if you have department store or gas credit cards. Use them for small purchases and make sure you pay the balance off at the end of the month.
  7. Make up a budget and stick to it. This will ensure that you do not spend unnecessary money that you can’t afford. You can do this by listing your income and expenditure, and making sure that you do not spend more than you earn. There are many great apps that you can download or websites that you can use to help you create and track your budget and spending.
  8. Create a payment plan that will slowly reduce the amount of debt that you owe. It is far easier to pay off small chunks of your debt whenever you can than to try and save large amounts for a one time payoff. This process may take some time, but you need to start somewhere.

Having a bad credit rating can create all kinds of unnecessary hassle, especially when you intend to make future purchases. This is why it is a good idea to fix your credit by following these basic steps. Ranieri Law LLC can offer you affordable and professional credit repair services. Your future to a better credit report is within your reach.

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