You know how important it is to repair your credit if you want to be considered for any type of loan, but with so much information and so many “tips” out there, it can be difficult to determine which steps you should take.  This blog post will provide you with some of the best ways to repair your credit.

1.    First and foremost, order your credit report from all three of the major credit bureaus: Experian, TransUnion and Equifax. While credit reports from these agencies are essentially the same, the information can vary slightly, and it is better to be informed. You can order a report from each bureau for free annually from http://www.annualcreditreport.com

2.    If you notice any errors on your report, be sure to use the dispute form provided with your reports.  Provide a copy of your report with the errors highlighted or circled and be sure to include the necessary documentation to support your claim, which brings us to our third tip:

3.    Keep good records. Neatly organize your credit card statements, bills, etc, as you receive them. Don’t throw anything away unless you are absolutely sure that you will never need to refer to it again.

4.    Close out unnecessary credit card accounts.  Most experts recommend carrying two to four credit cards.  Be sure to close newer accounts so that you are able to keep your more established credit history, and don’t close out accounts too quickly, as this can negatively impact your credit score.

A better credit score can lead to more opportunities and lower rates on car, home, personal, business, and other types of loans. Be sure to make your credit score work for you.

This entry was posted on Monday, May 4th, 2009 at 6:05 pm and is filed under Credit Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.