Rebuilding your Credit History - 5 Step Process
Credit Card Options for Michigan Businesses and Consumers:
|
|
Improving your credit history and boosting your credit report score is
achievable with perseverance and a little help from agencies
that work in this area like TrueCredit, Experion and Equifax.
The credit repair guide should be used as ONLY a guide for you to get started repairing your
credit history - nothing beats professional assistance and
advice.
You can't erase your past credit history, but you can definitely work on improving
your credit in the future.
STEP 1: Order your Credit Report
Most people are surprised by what they find on their credit
reports. Maybe you thought you had no credit, but there is an old account
that you forgot about. Maybe you thought you had horrible credit
- and you find that it really is not that bad. Order your
credit report from one of the providers below. Be careful
about who you order credit reports from and make sure that you
are on a secure server when typing in your personal
information.
|
Experian Free
Credit Report |
Equifax Credit
Report and Monitoring |
Credit
Report / Identity Theft Companies |
|
|
|
|
STEP 2: Dispute Inaccuracies on your Credit Report
If an inaccuracy exists on the report that you get, contact the creditor responsible for the account
to change it. If this doesn't work, you may have to contact the credit reporting agencies to dispute the
information. If you do not have any luck, you may want to
contact a firm that has experience in repairing credit report
problems:
|
Academy
Law Firm
|
LifeLock
|
Lexington Law
Firm
|
|
|
|
|
|
Academy Law is dedicated to improving your credit. Our law firm will fight to eliminate negative, misleading or inaccurate items from your credit report and help you establish a positive credit history. |
Identity
theft can happen anywhere to anyone. In line at
the store, online at home or when you’re buying your
morning coffee. If your identity is stolen, you spend
countless hours cleaning up your credit and struggling
back on your feet.
|
Few things can have more devastating effects on your lifestyle than a poor credit score.
Repair your credit report with Lexington Law and improve your credit score.
|
|
eCreditRepair
|
|
|
|
With
eCreditRepair's professional credit repair assistance,
they can help you avoid the frequent embarrassment and rejection associated with having a bad credit rating and guide your financial life back on track.
|
STEP 3: Get a Credit Card
This is often the hardest part for individuals attempting to rebuild their
credit history. Luckily, there are so many options with credit
cards these days, you will have the opportunity to apply for a
card specifically designed to repair credit. You may want to have someone co-sign on your first
credit card, but they need to know that the responsibility and credit reporting will be shared by the co-signer.
You can compare credit cards
by clicking here.
STEP 4: Use your Credit Card Responsibly
Once you have opened a new credit card, it is crucial that you use it
regularly and pay your bills responsibly. Start by using your
credit card for a small purchase and pay the balance in full at
the end of the month. Get used to paying the balance at
the end of each month, as this will avoid finance charges.
STEP 5: Expand and Upgrade
After a few months of using your new credit card responsibly, check your credit report again
to make sure that your new credit history is being reported
accurately. Your credit score should increase at a fairly
quick rate. It is best to leave your oldest account open, but if
you get an opportunity to open another account with better
terms, you may want to consider doing so.
OPTIONAL STEP 6 -
Guard against fraud
To guard against fraud and keep your credit healthy, sign up for a Credit Monitoring service that will quickly alert you to any changes in your report.
Identity theft is considered to be the fastest growing crime in America. According to the Federal Trade Commission, the number of identity theft incidents reached 9.9 million.
|
