REBUILD CREDIT – HOW TO BUILD CREDIT – RE BUILDING CREDIT

If you have bad credit not only can it be disappointing but it can affect your life in many more ways than at first you would ever have believed! Millions of us have poor credit so its nothing new and you are not alone. However, instead of just giving up altogether and presuming that the world is against you, what can be done to rebuild credit – how to build credit to the levels it was before and even higher?

You can indeed begin this process today!

First step, order your credit reports. I know, its demoralizing even to look at it, but its a big step in the right direction so go ahead and visit www.AnnualCreditReport.com and then come back here to learn the next step. Don’t worry, this website is set up to comply with the Fair Credit Reporting Act and thus you are able to receive a FREE copy of your credit report once a year from here.

Once you get the free report check it thoroughly. Tally it up to your credit history and make sure it matches up. Often mistakes are made in credit recording so now is the time to assess for this and if there are any you can challenge them. If they are proven to be wrong – viola! Suddenly your credit rating takes a leap in the right direction! Great, we are getting somewhere now!

If there are mistakes then you need to tell the credit reporting agencies. To do this you can go to:

www.creditreporting.com if you live in the United States

www.creditreporting.co.uk if you are in the UK

http://www.privacy.gov.au/faq/individuals/q17 if you are in Australia

Okay, that done lets move on.

Did you know that as much as 35% of your credit score is dependent on you paying your bills in a timely manner? Keep this in mind when next you get your statement or bill and you are wondering whether you should spend that money on something else instead. Plus, it goes without saying really, if you pay your bill on time you avoid those high fees too.

Of course it makes sense then to pay off those credit cards that are costing you the most. In other words, the ones with the highest interest rates are the ones you should target. Remember the saying which goes something like this – “a thousand mile journey begins with a single step”. Its the same when paying off credit cards and other debts. You need to begin some where and the sooner you do the better for you.

Please come back and visit again very soon – I have lots more very helpful and insightful information on its way – lets work this together and tackle the question “how to build credit“, or “how to rebuild credit“!