Credit Report Repair

Raise My Credit Score- Secrets From A Pro!

cmubag

So there I was, shocked as I just found out my loan was not approved. I knew that my credit score was not perfect but I did not think my credit score was that low. That was the eye opener I needed and from that day on I did whatever I could to raise my credit score.

It was after that eye opening moment that I started to take responsibility for my financial situation, which was not as healthy as what I had previously thought. So I formed my own strategy to raise my credit score. A strategy which helped me raise my score and achieve a sparkling credit record. Here is my 6 point credit strategy, I hope you find that it helps you as much as it has helped me!

1. Pay bills on time and pay off outstanding debt
2. Close unnecessary accounts
3. Stop maxing out credit card
4. Get a free credit report
5. Check irregularities
6. Write a dispute letter

Pay bills on time and outstanding debt!

Firstly I took an honest look at myself and my credit situation and knew that I got into debt because of bad financial decisions and not paying my bills on time. I knew that in order to raise my credit score I had to become disciplined. Paying my bills on time, was the hardest step for me, but once I made paying my bills a priority my life went much smoother. Simultaneously I had to pay all outstanding debt. I started by paying off the lowest outstanding amount first, this made me feel better and more confident as each debt was paid off.

Close Unnecessary Accounts

What I noticed was that I had a lot of clothing accounts which I did not need! I did not need more clothing yet because buying the latest top was so easy to do on credit I made unnecessary purchases. After paying my clothing accounts I closed all of them. I realised that I could make do with what I had.

Stop Maxing Out Credit Cards

A good tip I learnt on the internet was to never max out my credit card but to only use 30% of my available limit. Once I reached this I needed to pay the card in full. Also be disciplined when using your credit card, use it only in case of emergencies.

Get A Free Credit Report

Did you know that once a year you can get a credit report from the credit bureaus? This gives you a clear  indication of your financial status. There are 3 major credit bureaus which deal with individuals and you are entitled to a full credit report from each one of them.

Check Irregularities

Check for all irregularities on your report. If you have paid off debt which is still on your credit report then make a note.

Write a dispute letter

If irregularities are found, then you need to write a letter to the various bureaus stating your findings so that it can be remedied. Send evidence of the payments made to prove your case. After investigating the bureaus will make the necessary adjustments and raise your credit score.

This is the strategy I used to pay off my debt and raise my credit score. It took a few months but in the end I was debt free and I had a good credit rating!

Reviews

Leave a reply