06 Mar Bad Credit Repair Simplified
In order to build a good credit score, you have to work hard, efficiently, and be diligent towards your credit responsibilities. And as you probably understand, this cannot happen overnight. So, what happens if you’re not any close to a great credit rating and you’re struggling with bad credit repair? In this article we’ll see few key factors that can help you achieve your credit goals, and find your financial freedom. Check them out.
Bad Credit Repair in Simple Steps
Know the Ground You’re Standing On
You cannot assess the problem properly, unless you know your exact credit situation. And of course, this happens when you check your free annual credit report, regularly. There, you can see first of all your overall score, all your credit accounts, balances, etc. Also, listed in the report, you’ll find you hard inquiries, as well as negative items, including errors. This will also help you to identify possible financial identity theft. Read our relevant blog post: Financial Identity Theft: How to Stay Safe.”
Dispute Negative Items or Credit Errors
On your way for bad credit repair, you have to befriend disputes. Negative items subject to dispute that affect your score, will not be removed on their own. Don’t hesitate to directly contact the credit bureaus or even the creditors, and fix possible errors. Read our relevant blog post: “Credit Errors: The 6 Most Common Suspects.”
Pay the Balance of Your Credit Cards
Here’s the next step for bad credit repair. Even if you have one or several credit cards, if you are not diligent with your payments, then you can gather a high balance. And as you understand, this is a bold, red flag for potential creditors and lenders. Don’t worry though, you can easily and methodically, fix it. Start by paying the whole amount of the money you own, in order to start from ground zero. Then, start making regular payments and on time, but hey, every time, otherwise it will not work.
Contact a Credit Repair Company
Many will argue that credit repair companies don’t worth your money, either your time. However, there is something that you’re probably missing here. A reputable credit repair company, has a high-skilled team of professionals in finance, along with the proper equipment, sources, and knowledge. Something that if you’re not a finance guru yourself, you cannot have, and therefore, do. Read our relevant blog post: “Credit Repair Company: Why You Need It.”
Baby Boomers Financial have helped many people to remove and correct negative items and errors from their credit report. We are professionals in bad credit repair. There are no fake promises here, only proven results. And in order to convince you, you can apply here for a free credit review. For more information, don’t hesitate to contact us.