It is highly probably that almost anyone will need to finance something in the lifetime. It is almost unavoidable in our economy, whether it be a car or home or something less expensive. Your rating is important for this reason. Errors occur, and things get misreported. Thus, you should periodically check your credit score for accuracy.
It may be that you have gotten you credit messed up through some mistakes of your own. You score may be so terrible that you cannot get financing for anything, including major purchases like an automobile or family home. It may also affect your ability to get homeowners insurance, or even a job. Many jobs now are based on your record as well.
When you get things messed up on your own, it may have a major financial impact on your record. You may fear that there is no way to ever get it back on track. But, you can fix it. You can take certain corrective measures to get things straightened out. This requires keep abreast of what is going on with your record.
It is not uncommon for mistakes to be made in reporting payment records and such. This can negatively impact a person's record. Unless they pay attention to what is happening, checking periodically, there is no way to know what is going on, and a costly mistake may go unnoticed.
Keeping a check on the actual number can help you take note of any changes. But, that is not enough. You also need to get a copy of the actual record and see what has been going on since you last checked. You can get a free copy one time a year from each of the three top reporting bureaus.
If an error in reporting is found, write a letter to the reporting bureau in question and ask that it be removed. Be sure to send any documentation proving that it is not your item. If it is something that a company has reported in error, contact that company to get it changed. Barring that, at least attach a letter explaining the questionable item. It won't raise your score, but will let potential creditors know it is in question.
Once you check your credit score, corrected any mistakes, and attached notes to explain questionable items, you are on the road to correcting your low number. To raise that number will take time, but it can be done. One way is by paying all bills on time. Late utility payments can have a negative impact just as can installment payments missed or paid late.
It may be that you have gotten you credit messed up through some mistakes of your own. You score may be so terrible that you cannot get financing for anything, including major purchases like an automobile or family home. It may also affect your ability to get homeowners insurance, or even a job. Many jobs now are based on your record as well.
When you get things messed up on your own, it may have a major financial impact on your record. You may fear that there is no way to ever get it back on track. But, you can fix it. You can take certain corrective measures to get things straightened out. This requires keep abreast of what is going on with your record.
It is not uncommon for mistakes to be made in reporting payment records and such. This can negatively impact a person's record. Unless they pay attention to what is happening, checking periodically, there is no way to know what is going on, and a costly mistake may go unnoticed.
Keeping a check on the actual number can help you take note of any changes. But, that is not enough. You also need to get a copy of the actual record and see what has been going on since you last checked. You can get a free copy one time a year from each of the three top reporting bureaus.
If an error in reporting is found, write a letter to the reporting bureau in question and ask that it be removed. Be sure to send any documentation proving that it is not your item. If it is something that a company has reported in error, contact that company to get it changed. Barring that, at least attach a letter explaining the questionable item. It won't raise your score, but will let potential creditors know it is in question.
Once you check your credit score, corrected any mistakes, and attached notes to explain questionable items, you are on the road to correcting your low number. To raise that number will take time, but it can be done. One way is by paying all bills on time. Late utility payments can have a negative impact just as can installment payments missed or paid late.
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