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Look over your reports very carefully! Everyone makes mistakes. Yes, even the credit bureaus can make mistakes from time to time. In fact statistics show that nearly every consumer has an error on at least one credit report from one of the major credit bureaus. You see the Credit bureaus generate your report on information they receive from your creditors; they don't have to verify and in fact they do not verify. So it is very important that you check your report carefully. Remember that you are the only one in charge of taking care of your credit and keeping it clean. So start off by looking over the documents carefully for everything from typing errors, outdated and incomplete information to inaccurate account histories. If you are going to dispute some of the charges they have made about you, make a list on a separate piece of paper with valid discussions and reasons as to why. We know it is difficult to read a credit report once you have it, so we will show you how to read and understand your credit report. OK, so you have gone over the reports and what you have left is true. There is nothing you can do about the past, however there is something you can do for the future. Do not get negative and realize that only time and improved habits can change your status. Keep in mind that late payments and charged-off accounts remain on your report for 7 years and bankruptcies for 10. Creditors only look for a pattern of payment rather than pointing to one-time or infrequent occurrences. Just remember that from now on you have to be consistent with your bill payments and paying them on time will improve any marks against you. |
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