Plfinder Tips to Improve Your Credit How to Avoid the Collection Agencies A Couple of Easy Steps to Implement When Fixing Bad Credit

Improving your credit is giving yourself a new lease on some of the very important aspects in your life. Plfinder Everybody needs good credit in order to obtain housing, cars and other things. Plfinder If you are one of the many who have credit issues that have to be dealt with, there are several things you can do to improve your credit. Plfinder Here are several tips on how to improve your credit. Plfinder

1. Plfinder Do your research and be aware of your rights. Plfinder There are laws protecting you with regards to your credit. Plfinder Make sure to be familiar with them so you could improve your credit score. Plfinder

2. Plfinder Check your credit score regularly and determine the layout and find out if it is correct. Plfinder There are many mistakes on credit reports and many people suffer from them without even knowing, thus make sure to check them out. Plfinder

3. Plfinder Pay down or pay off your debts immediately or arrange to pay the money in installments. Plfinder The companies you owe money to will report to the credit bureau and can raise your score if you start to pay off your dues. Plfinder

4. Plfinder Ask someone you trust such as your relative or friend who has a good credit score, that you be added to his or her account to give your credit score a boost. Plfinder Make sure you do not spend and decrease the score because this could affect both your score and the score of the person you attached your account with. Plfinder

5. Plfinder Ask for free copies of your credit report from the three major credit bureaus such as the Experian, Equifax and TransUnion. Plfinder They should be able to provide you a free copy every year upon request. Plfinder Stagger your request every four months so you could stay updated on changes and monitor your attempt to improve your credit. Plfinder

6. Plfinder Determine if there are erroneous entries in your credit report and dispute the errors through certified mail. Plfinder Keep everything in writing and keep a copy of your dispute letter. Plfinder You should be able to receive a reply from the credit bureau about your dispute request. Plfinder

7. Plfinder Wait for 30 days and get another copy of your report and review it carefully. Plfinder Review your report carefully and inquire in case an erroneous entry has not been removed from your credit report yet even if you have already filed a dispute letter. Plfinder Repeat the whole process if necessary until they are corrected. Plfinder

As you already know, your credit rating is very important. Plfinder A bank or company will be interested in how much money you make every month and your credit history and credit standing. Plfinder They want to make sure that you can be trusted with their money. Plfinder

the most common problem people looking for credit face is the rejection factor. Plfinder It is the most difficult thing to overcome, as it has a fatal impact on our credit reports and you can forget about just applying elsewhere as every single application results in a credit check being performed. Plfinder When we do this it produces what is called a hard hit on our credit reports. Plfinder

A hard hit is when a creditor or more frequently referred to as a lender. Plfinder A creditor can often be confused with collection agencies. Plfinder These are totally different as a collection agency is only using the information they are given from the lenders to collect amounts owing on your accounts. Plfinder A collection agency is only used when you credit accounts with lenders has a default which is basically when you decide not to pay them. Plfinder Not advisable. Plfinder We all always want to pay the lenders in full and on time to avoid being passed over to a collection agency. Plfinder

However, paying in full and on time is not always possible. Plfinder We all have experiences in our lives which impact on our household income and the worst of all is when we lose the financial security of a full-time job. Plfinder There is nothing worse than sailing along in life only to find the loss of a job. Plfinder The impact on our lively hoods is enormous. Plfinder This is only one of the many things that can affect our ability to pay accounts on time. Plfinder

The one thing I do that helps me, is keeping a file on my computer of all the direct debits I have along with the dates in which they will be deducted from the bank. Plfinder This helps me manage my main account and ensures I know when people are taking there payments. Plfinder Therefore, I know to keep enough there for the bill to get paid. Plfinder

The added benefit here is that should anything happen where I can't pay an account I can easily look at the file I have, and see the companies that I won't be able to pay. Plfinder

This is important as whenever you know that you can't pay an account on time it is always important to let the company know, and avoid the bank charges by asking for a postponement on you account. Plfinder It is going to save a lot of hassle just telephoning a company and saying that you can't make the payment on the due date. Plfinder Always agree on a date that they will be paid though, as they then know not to pass your account on to a collection agency. Plfinder Don't do it month after month though as the company will get tired of extending time periods and eventually pass it on anyway. Plfinder If it is going to be an ongoing problem try to agree on a reduced payment term. Plfinder Collection agencies charge companies for their services. Plfinder Companies do not want added expenses so they often agree on a different payment structure. Plfinder

The easiest way when it comes to fixing credit reports is simply the one option you will see all over the place and that is a simple dispute letter. Plfinder Many people employ the services of a professional to do this, as they feel they can't write a proper letter to address the situation properly. Plfinder

The services that are quite often advertised focus around the fact that they have irresistible letters that have proven to have negative entries removed. Plfinder But, here's the truth. Plfinder There is no such as a magic letter that does this. Plfinder

The key element is to identify the negative entries on your report and then a dispute letter is just a quick note to the credit bureau to say "I don't think this item is mine, could you please verify the information or remove it from my report, thanks in advance". Plfinder It doesn't need to be perfect. Plfinder It just needs to point the reporting agency to the information you want them to investigate. Plfinder Once they know this information they can then look into the matter. Plfinder

Regardless of how the dispute letter is put together it serves the same purpose. Plfinder Do you think the reporting agency just looks at the letter and if it looks good, deletes the item? No way! As with any business they have a procedure to follow. Plfinder One of them is investigating and responding within a 30 day time frame. Plfinder

When the dispute letter arrives with them they can go and see the company that put the entry on your report. Plfinder Ask them for supporting documents within a given time frame that the CRA (credit reporting agency) dictates to the company and explains that should they not be able to support the entry with documentation the entry will be deleted from your credit report. Plfinder

So, you do not need to be a fully pledged award winning writer to get the results you need. Plfinder

You do not always need to write a dispute letter and send it off to a credit bureau. Plfinder Another effective way of fixing credit reports is contacting the company themselves and just asking them to remove it instead. Plfinder This can sometimes work just as well and also is a good way of communication with the company. Plfinder