Unfortunately, you have bad credit and dealing with this problem hardly. With the bad credit, you are not able to get new credit cards and you will be restricted to get new credit services from the account. Although you can still take a new loan, you will pay high interest. Moreover, there are many problems with the bad way compare to good credit. Generally, your life is going to be more lengthy and difficult if you are having bad credit. Thus, you need credit repair to get rid of these entire problems and to run your life easily.
The process of credit repair varies. Some processes take too much time for credit repair and some take a little, so it depends on your choice. However for solving bad credit, you need enough knowledge about the credit system, still, there are some simple methods that anyone can apply. Truly bad credit stops your life, so you want to solve it as quickly as possible. Hence you are already going through a problem; you need methods that are easy to apply and effective to get rid of.
Follow These Steps:
Firstly, you have to estimate how much your credit is bad. Generally, the credit score measuring range is 300 to 850, and a good score is measured between 700 and 740, depends on the methods of calculations. If you have a highly bad credit score, it can take time to increase towards good, but if you have a nearly good score, you can get it to good numbers easily.
Now, you have to order credit history and all past reports. Once you have the reports, first check your information such as the spelling of your name, address, and contact number. Review your all reports, major purchases, and payments of everything that you have made on your credit. If there is a mistake or fault in any report, they add a note and explanation of the bad report. After looking up at reports, you have to sort out all bad reports.
Next, gather the information about the bad reports, and make a copy of it. You must have a bank statement, and all information, because without any solid proof credit bureau won’t do anything. You have to prepare everything perfectly and carefully so that you won’t face any further difficulty in solving the bad credit dispute.
So once you have highlighted the errors and faults, and have solved these; now use your credit carefully to get back a good score. It means you don’t have to spend more than that you earn. Moreover, start to pay bills on time and don’t delay any payment if you seriously want a good score.
Estimate your monthly spendings such as gas, electricity, groceries, and others. Make a plan limited to your income-based, and set the payment separately for each category. Paying off your debts in advance can create a good impact; however, it is not easy to pay in advance. But if you have good income clear your all the debts at a time, surely this will increase your credit score.