You can fix your credit by using credit cards or loans responsibly, regularly checking your credit report and disputing errors, as well as making on-time bill payments moving forward. Although credit repair services exist, they are costly and can only take the same steps as you. We’ve outlined the best ways you can improve your credit yourself below.
How To Fix Your Credit Yourself
Review your credit report regularly: By reviewing your credit report, you can assess the damage and make a plan to rebuild your credit. You can check your credit report for free here at WalletHub.
Dispute errors on your credit report: If there is inaccurate information adversely impacting your credit score, you can file a dispute with the three major credit bureaus to have it removed. The bureaus typically respond to disputes within 30 to 45 days.
Catch up on past-due bills: The longer late payments linger, the more significantly they impact your credit. Because payment history is the most important factor affecting your credit, it’s imperative to keep all of your accounts in good standing.
Build an emergency fund: Budgeting and building an emergency fund can help you avoid missed or late payments and curb overspending. The additional savings will also help you avoid borrowing unnecessarily. Strengthening your finances will ultimately help your credit.
Apply for and use a secured credit card responsibly: Secure credit cards require a deposit and have high approval odds. Using a secured card responsibly will add positive information to your credit reports, helping to offset past mistakes. Secured cards don’t appear any differently than unsecured cards on credit reports.
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