Tips on how to repair your credit score is usually tips on how to avoid bad credit score. There is really nothing you can do about it once you've already gaffed. The most you can do is be a good credit person again. Here are the first principles you should remember:
Pay on time
Only a careless person would not pay his bills on time, even if he has the funds to do so. There are thousands of cases where you can have problems with your credit simply because of negligence. People make up so many excuses like "I woke up and I completely forgot about it because I was too busy with other things" or "I misplaced it. law Project". Remember that there are steps to avoid these things, like keeping reminders such as post notes, and just being more organized. If you fail on this step, then you are probably the type of person not responsible enough to have excellent credit in the first place.
Three Things That Will Shoot You Down Significantly
Try to avoid bankruptcy as long as you can afford it. The same goes for recoveries and liens for mixed tax payments (remember that the first step is to pay on time in the first place). Remember that bankruptcy will stick to your credit history for a decade. The collections will last up to 7 years and the unpaid liens will last until you die. Do not forget to scratch these three things because they are the most dangerous things for your credit health. If you get one of these bad records, your score will immediately drop. It's one of the best tips on how to fix bad credit score for good reason. Although these issues are recoverable, you can not recover them immediately. They will go down for a long time and you will realize how much they weigh heavily in years when you could have used a loan or good rates, but could not get them because of your low FICO score.
Keep clean with your credit cards
Do not keep too many credit cards. The temptation to use all these cards will simply be too great. Manage your financial affairs by closing credit card accounts are not used or just do not get new credit accounts in the first place. These just add to your temptation. Then, after closing an account, report it to the three major credit reporting agencies. In addition to not having a lot of credit cards, you must also learn how to manage the credit cards you already have.
Checking Your Credit Report
Now, here is one of the best tips on how to repair the bad credit score that some people consider to be not purely preventative. This can actually lower your credit (although technically you are only correcting it). Did you know that there are many people who have errors in their credit score? Credit reports are made by machines. A small mistake in the spelling of your name or address, personal details not updated, just an extra zero to a transaction, each of these things can lead to errors that lower your score. Thus, it is advisable to get your free annual credit report from the three major credit reporting agencies. Study them carefully and refute the errors that relate to them.