The best way to begin a credit repair project is to pay off outstanding debt, and pay future bills on time. If you have delinquent debt, your credit score will be affected until you pay it off or seven years pass, whichever comes first. Make a fact-based budget, and set aside as much as possible for debt. When you get your balances clear, you will see a rise in your credit score.
Maintain multiple different types of credit. Having a diversity of credit that you are successful at managing adds to your credit score. If you have multiple credit agreements, including a mortgage, and auto loan, and revolving debt, your score will increase so long as all the loans are paid as agreed.
Paying off outstanding debt is the easiest way to raise your credit score. The longer you put off paying off a debt the worse the situation is going to get, and this is not going to help you!
Take a look at your credit report to find any missed payments or other debts. Ensure that all information is accurate, then begin to address discrepancies and problematic accounts. Always pay off the debt with the highest interest rate first, but don’t neglect your other debts.
Try and pay down any revolving account balances in order to boost your credit score. Your credit score can go up if you just bring your balances down. Your FICO credit score notes what your balances are on your revolving accounts based on the credit you have available.
Read your negative reports carefully when attempting to rebuild your credit. Although a certain credit item may not have any error, finding a mistake corresponding to a date or an amount can have the same item taken out of your report.
Repairing credit is mostly done by common sense methods. By following the information here, you will be able to finally get your credit repaired.