How to do a credit repair

A bad credit history is every person’s nightmare, but even if you’ve made some errors in the past and messed up your credit score, there is still a way to fix it. Credit repair is something that causes a headache to most people when mentioned, and even though it’s a slow and somewhat complicated process you can get it over with pretty much painlessly if you stick to our advice. We’ve collected some of the most useful tips and tricks you can use to improve your score and get a credit repair. Hope that you will find these useful…

Be informed

In the age of internet it’s a big waste not to get informed before starting a credit repair. First of all, learn about the basic terms and ways of getting a credit repair so you could plan your steps. Then find all the ways of getting a credit repair and choose the one that fits you best based on your personal financial situation. Take into account the number of credit cards you own, the number of debts and the pay off rate…Don’t hesitate to consult the experts, but make sure to avoid all scammers.

Keep an eye open for scammers

If you start searching for credit repair online, you’ll see a lot of ads for financial experts that are promising wonders. Use your common sense and avoid all offers that sound too good to be true, because they most likely are. Instead you can look up a free consultant that will help you with any questions you have. Don’t forget that at the end of the day, it’s your call, so take some time to think it true but don’t listen to the others at every expense.

Become an authorized user

A quick way to boost your credit history is by finding someone with good credit score and asking them to authorize you and add you to their account. Once you’ve authorized, their credit card will appear on your score, and will improve it. There is a downside of this option in the rare occasion when the person who has authorized you doesn’t have a card for a long period of time (5 years or less) and manages to get a bad score, making your own score even worse. Luckily, this scenario is not likely to happen if you pick someone with a reliable and clean background.

Keep old credit cards active

Remember how the credit card age is of importance? Then why waste a chance to improve your credit card history by closing an old account? These old accounts are usually a lot more useful if kept active and in fact you’ll probably affect your credit card score badly if you close them. To avoid that, keep the cards active by using them twice a year or so, but always make sure to make the payments on time. This is a great way of improving your credit card history without too much hassle.

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