Fixing Your Credit

Fixing your credit starts with income that exceeds expenses, and savings, that allow you to establish good lines of credit while fixing your negative credit item on your credit reports.

The first step to fixing credit is to have income that exceeds monthly expenses to build an emergency cash reserve of at least 3 months worth of salary. Once you have emergency cash reserves the next step to fixing credit is to review your credit report.

Accounts in good standing on your credit report will help with fixing your credit. Accounts in good standing are created when your creditor reports to the credit bureau that you are satisfactorily meeting your obligations of your credit agreement. Accounts in good standing are important to any successful credit repair plan

Account balances are important to fixing your credit. Account balances are reported for up to two years by creditors and for up to seven by debt collectors. Fixing your credit requires a careful review of your current account balances compared to your credit limits on your open revolving credit lines. Any collection account must be resolved when fixing your credit by negotiation with the creditor.

Credit inquiries on your credit report can cause problems for you when fixing your credit. In general you do not want to be out shopping for credit all over town as obviously your credit report will take this into account when scoring your report. Responsible decision making when requesting credit, credit you will be approved for, is important to fixing your credit.

When fixing your credit it is important to look for erroneous negative items on your credit report. The most common negative items on a credit report are late payments, charged off accounts, collection accounts, bankruptcies, liens and judgments. When you find inaccurate, erroneous information, on your credit report, use FCRA, FDCPA, FACTA and other consumer protection legislation to legally remove the negative credit items.

To start fixing your credit give your credit repair specialist a call for your free credit repair plan 877-879-1177.