TURNING YOUR BAD CREDIT AROUND
The past is the past. We all make mistakes. The important
thing is that you learn from your mistakes. Featured on
this page are some simple tips that will help you change
your bad credit history into a positive one.
Analyze the Damage Incurred
You need to know what is listed on your credit report.
This will allow you to plan a specific course of action.
Getting a copy of your credit report is simple and
secure. We suggest that you
get a copy of a 3-in-1
credit report. This will allow you to view the
information being reported on you by all three major
credit reporting agencies.
Order your 3-in-1 credit report now!
Once your reports are obtained, go over the information
with a fine tooth and comb. Make sure that all of your
information is listed accurately and up-to-date.
Highlight all of the negative marks in yellow. Highlight
any mis-information in blue.
We suggest reading the 'understanding
how to read credit reports' section if you are
having a hard time comprehending and interpreting the
information listed on your credit report.
Make Sure That Negative Information That Has Expired
Negative marks like late payments, bankruptcies,
collections, etc, will stay on your credit report between 7-10
years. This is called the expiration date. The precise expiration date will
be specific for the
exact kind of record.
Make sure that there are not any negative marks that
have already expired that are still listed on your
credit report. If there are expired negative marks still
listed, you will need to dispute these errors.
Challenging/Disputing Errors Listed On Your Credit Report
Any misinformation (i.e. fraudulent activity,
expired records, etc.) listed on your credit file must
be removed immediately. You accomplish removal by
'disputing' the error.
Disputing the error entails sending a separate letter to
each of the agencies reporting the error. Once your
request is received, the credit bureaus will conduct
their own investigation. They must determine if your
dispute is valid or not within 30 days. We suggest you
read more about
learning how to dispute errors on your credit report.
Begin Building Your Credit
So far you have determined when the negative marks on
your credit report will 'expire', or be removed. You
have also disputed any inaccuracies and misinformation.
Now you must being rebuilding your credit by adding
positive information to your credit report.
Applying for a credit card is a must. We suggest checking out the
Orchard Bank MasterCard. These credit cards are
designed for people with bad credit looking to rebuild
their credit. Make sure that you use this credit card
responsibly by keeping a minimal balance and by paying
your bill on time every month. Check out some
credit card offers for people with bad credit.
Keep close tabs on all of your bank accounts/loans/credit
cards. Do not apply for any needless credit or loans.
Once you begin to see improvement in your credit score,
you may want to apply for another credit card, or even a
loan. Doing so will help improve your credit score even
Keep Track of Your Progression
We feature a credit monitoring program that will allow
you easily keep track of your credit. Once enrolled in
the credit monitoring program, you will have unlimited
access to your credit profile as reported by all three
credit bureaus, 24 hours/day, 7 days/week! You will also
have access to valuable credit tools that will help
educate you, making you a credit savvy consumer!
Learn more about the credit monitoring program or
in the credit monitoring program now!
More credit information:
Top Seven Tips for Rebuilding Credit
How Your Age Effects Your Credit Score
Who Has the Right to View Your Credit Report
Your Credit Score and a Mortgage
How to Save Money
The Impact of Your Credit Score When Applying for Loans