3 Steps to Repair Your Credit

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3 Steps to Repair Your Credit
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Here Are Three Tips To Get You Started On Your
Road To Repairing Your Credit.

• A healthy credit score can mean the difference
  between enjoying and enduring consumer loans, so
  its crucial to keep your credit in good standing
  at all times. If you have found yourself in need
  of repair, though, dont panic there are several
  steps you can take to help get things back on
  track and ensure your credit stays that way over
  time.

Step 1 - Check Your Credit Score
The first step is to get a handle on your credit.
Each of us has three different scores, one from
each of three credit bureaus Experian, Equifax,
and TransUnion. These scores range from 300 to
850. The higher your score, the better shape
youre in with lenders low scores can lead to
high-interest rates on loans. Start by checking
all three scores to see where you stand. Dont
worry if they dont match up these are
statistical averages compiled from data across
millions of Americans and not an indication that
theres something wrong with your credit history.
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Step 2 - Understand How FICO Scores Work

• You may even have slightly different numbers from
  bureau to bureau due to variations in formulaic
  reporting methods. But once you have those scores
  down, take action immediately if need be.
• That means there are two things at play here
• (1) Paying bills on time
• (2) Paying off debt as quickly as possible.
• Most experts recommend devoting 30 of every
  monthly budget to paying off existing debts such
  as student loans, car payments, and credit cards.
  If you can do more than thateven 50youll
  likely begin seeing more attractive offers for
  new financial products like mortgages or home
  equity lines of credit. Any way you slice it
  though, building a positive track record is
  fundamental when repairing bad credit.

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• FICO scores are broken down into five categories
• Payment History (35)
• Amounts Owed (30)
• Length of Credit History (15)
• New Credit (10)
• Types of Credit Used (10).
• Since 35 of your score is calculated on payment
  history, a good way to start repairing your
  credit score is by making payments on time each
  month.
• Get in touch with your creditors and tell them
  you are working on getting back in good graces.
  If theyre willing to work with you, set up
  auto-payments through your bank account so that
  your bills will always be paid on time. Its also
  important that if something has happened and late
  fees have been assessed that these penalties be
  removed from your report as soon as possible.
  Late payments can stay on credit reports for
  seven years from when they were first reported
  however late fees can stay for up to ten years!

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Step 3 - Fix Any Errors On Your Report

• Once youve gotten a copy of your credit report
  and checked for errors, fix them. The easiest way
  to do so is with a little-known technique called
  cross-dispute, which involves disputing an error
  with one bureau on your report while telling
  another that they neednt correct it because its
  already been handled. Cross-disputes are easy to
  make, but be careful If you send them too many
  disputes or haphazardly, bureaus may consider you
  abusive. But when done right, they can work like
  magic!

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• Address - 18930 HWY 18STE 101 Apple valley CA
  92307
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  ir-your-credit/