Sometimes no matter how hard we try to keep it straight, there can be hiccups in the road. But knowing what to do and how will go a long way in helping to repair any credit issues that arise.

You don’t have to pay someone for “credit repair”; in fact, it’s usually a scam. It’s your credit and you can fix it yourself. It just requires some time and effort.

It’s imperative that you keep an eye on your own credit to be sure that everything reported is correct, that no one has misused your credit, and that you are aware of everything on it.

HOW DO I KNOW IF I NEED TO REPAIR MY CREDIT?

When your credit score drops due to bad credit or mistakes on your report, there are consequences that can be dire: 1. Your application for credit or a loan may be declined. 2. You will suffer higher interest rates.

Whenever a company, bank, or employer denies your application for credit, employment, or loan, you should be able to receive a free copy of your credit report if you report this negative action within 60 days.

YOUR LEGAL RIGHTS

Also you’re entitled to get a free copy of your credit report from each of the three major credit bureaus once every 12 months. – Equifax – Experiean – Transunion

Any score between 700 – 740 is considered good. If you’re anywhere in that range, that is usually enough to qualify you for the best credit cards and lowest mortgage rates.

START BY KNOWING  YOUR CURRENT STANDING

If you’re below that range, or lower, you’ll be turned down more often for any sort of credit and if you do get approved, the interest rate will be much higher.

If you see any errors you can dispute that info with the reporting bureau(s). Each bureau has its own guidelines for disputing information.

DISPUTE ANY CREDIT ERRORS

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