People make mistakes with their credit. They may miss payments or stop making payments. Before a person knows that happens they may end up with a bad credit score. They need Dr Credit. There are some tips to help a person get back on track and improve their credit.
Pay on Time
Even if a person has had trouble in the past all of the bills they have now have to be paid on time. Even if they are paid a couple of days late they will bring the credit score down further. Be sure all accounts are paid on time. If a person cannot make the payment they need to contact their creditor and make arrangements to pay their bill.
Even if a person has paid their bills late in the past they need to get these accounts current. This can help improve their credit score. A person should contact their creditor and work out a payment plan to get the account back up to date.
Pay Debt Off Instead of Moving It
Instead of switching debt from one credit card to the next a person should begin to pay it off. Even if a person changes from one card to the next the amount of money that they owe does not change.
Do Not Close Accounts
Closing a credit card account can actually hurt a person’s credit score. Even if they do not use the card the account should not be closed.
Keep Balances Low
Credit cards should never be maxed out. The more debt a person has the lower their credit scores will be. Try to keep the balance on these cards as low as possible.
Check the Credit Report
A person can request their credit report from the different credit agencies. Everything relating to their credit history will show up on the report. This will allow a person to see what creditors they owe and the amount of money that they owe them. Credit reports can contain errors. A person should carefully check the credit report to make sure it is accurate. If there is an error a person should put their request in writing to have it rectified.
While delinquent accounts can stay on a person’s credit history for a period of seven years. If a person filed for bankruptcy this can stay on their credit history for as long as ten years. Follow these tips can help a person improve their credit score and begin the process of rebuilding their credit.