When it come to fixing your credit you need to have a plan that will help you for the long term and cover all the major areas of your credit.
Below you will see the three parts that any successful credit boosting plan needs to have.
Negative Information Removal- Removing negative items from your credit report is the first step in boosting your credit score.
This process involves disputing negative and incorrect information on your credit report.
The easiest way to do self credit repair is to send in letters to the three reporting bureaus that state you do not agree with the information they are reporting.
Adding Good Credit- Eliminating bad credit will not increase your score to its full potential.
For this you need to add good accounts to your credit report.
Normally most people use secured credit cards for this job.
Secured credit cards are backed by cash in an account that the card issuer can have access to if you default.
This money gives you both a sort of safety net against defaulting in the account.
Maintaining Your Credit- Once you have removed the negative information and added enough positive accounts you must develop a plan to keep those accounts in good standing.
On any credit account make sure that you never miss a payment and never go over 40% of your credit limit.
Additionally do not let your improving credit score go to your head and apply for new accounts all over town because the inquiries will drop your score.