Credit Repair TIPS

CREDIT REPAIR TIPS
1. Get a copy of your credit report.  You can get a free copy from annualcreditreport.com or you can sign up for a credit monitoring service like www.creditchecktotal.com.

2. Look for inaccurate or outdated information on your credit report and get them removed by disputing them.  100 Percent Financed offers credit restoration where we will dispute negative and inaccurate items on your credit report.  Click Credit Restoration to register and get for more information.

3. Become very familiar with all the information on your credit report, so if you happen to speak with a creditor, you won’t be caught off guard.

4. Know your rights!  Read the Fair Credit Reporting Act.

5. Fill out your Personal Financial Statement and see where you can free up some extra cash to pay down revolving debt.  You want your Debt to Credit ratio to be 30% or less.  As an illustration, if you have a $10,000 credit card, keep your balance less $3000 to boost your credit score.

6. If you are having trouble paying your creditors, communicate with them and see if the two of you can make arrangements to make payments more manageable.  See if they have special offers to lower the balance, lower the interest rates, or look for special offers


7. If you don’t qualify for an unsecured credit card, apply for a secured card and make consistent payments.  If you had accounts go into collections, the damage is done.  Focus on having a great credit history with your positive accounts and dispute your negative marks.

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