If you are asking “how do I clean up my credit report,” the first thing you need to do is to avoid speculating. That is, you will need to order a copy of your credit report. Upon receiving the report, you can examine it for errors and accuracies.
By having a copy of the report in your hand, you will know exactly where you have to go to clean up your credit report. Again, speculating on negative components to your credit score makes no sense. You need to have accurate info in front of you.
Being proactive is probably the best solution if you are asking how do I clean up my credit report. That means you need to take the steps to pay along debts on time. When those statements arrive in the mail, send out a check ASAP. Or, better yet, sign up for direct debit withdrawals so you do not miss any payments.
Paying more than the monthly minimum is a must for those that want clear credit. This helps pay down the debt you owe while also showing that you are willing to take care of your finances. In short, it shows you are being responsible which is a plus. And, of course, the fact that your debt would be decreasing is another positive towards your rating.
Avoid using those credit cards once you have aid off the balances on them. Actually, you will want to cease charging on the cards whether or not the balance is or isn’t paid off. The ability to clear your credit history will be made perpetually difficult if you keep using the credit cards. Doing so just piles on more and more debt. Getting those balances down to zero is the key.
If you are not able to get the balances down to zero, you can take solace in the fact that cutting the balances down by half or even one-third will work quite well in terms of the ability to improve your credit score and get you back to where you need to be.
Side note: Some banks are now closing down (or reducing limits on) credit cards of dormant credit cards. Others are charging “inactivity” fees. So be sure to use your credit card(s) from time to time.
And time is most definitely on your side when you ask how to clean up my credit report. Negative statements only remain on a credit history for 7 years. After that time has expired, negative information will drop off. It might seem like forever when you’re in the situation, but eventually you do get there.
That is why it is so important to avoid piling more debt. And, of course, it is also necessary to avoid any defaults or collection actions. You do not want to keep adding adverse statements to the credit report. You want it to get cleared out as fast as possible. This way, you can avoid a ton of problems with negative marks on the report.
Those that are truly stuck for a solution regarding “how do I clean up my credit report” would probably wish to look into professional counseling services. Such professionals may be able to offer a solution to your needs.
Now discover tips and tricks for cleaning your credit file that banks and credit bureaus do not want you to know.