Top Credit Tips of 2017- Credit Law Center
There is a ton of information out there about credit repair, credit tips, credit myths, credit fixes and things you can do yourself to fix your credit score. What we want to talk about today is what you can do yourself to repair your credit or fix your score.
1st tip is to review your credit report visit identityiq and see what is reporting. It is just as important to review your credit report to insure your positive accounts are reporting just as much as it is to insure there are not negative items reporting. It is not uncommon to find that positive history is not reporting as it should. Creditors are not required to report your information to the credit bureaus, however most major creditors will report. If you find that your positive history is not reporting, contact the creditor and request they report. If they do report and the account is not there, it could be due to a miss reporting of an address or incomplete information that is not allowing it to pass through and report to your credit report.
2nd tip is to pay down revolving credit down as close to zero as possible. Your credit card balances are like a grade you would receive for writing a paper in school. Look at it this way, 1% balance to 10% balance would be a grade of A+ to A- (1%-10%) see chart below.
n 0-10% = A
n 10-30% = B
n 30-50% = C
n 50% and above = D
n Late Payment in last 24 months = F
3rd After you review your report, do not just go and pay off negative accounts. It’s common sense to think if you have a negative account and pay it off it will improve your score, but that is not always the case. You should review the item and verify that all of the information on the account is reporting accurately. If there is incomplete information or inaccurate information you should challenge it. If you find all of the information to be complete and accurate you should contact the company reporting the information and negotiate a payment for deletion of the account. When doing this always get it in writing..
We hope you found this information helpful and your can improve your score on your own. If you need assistance or have questions please contact us we are here to help.
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