How to Clear My Credit With Self Credit Repair

Having bad credit hurts your chances of getting a loan. Even if you are able to get a loan with bad credit, you're likely to pay higher interest rates. Undoubtedly, it's better to improve your credit score. Advertisements on television and the radio try to sell you solutions for bad credit, but you can also clear your credit with self credit repair. It requires patience, dedication and fiscal responsibility, but the results are well worth it.

Instructions

1

Know where you stand. It's important to check your credit report at least once a year. This allows you to see what your score is. It may not be as bad as you think, or it may be worse. Knowing your credit score is an essential first step in getting started on the road to credit repair.

2

Remove inaccuracies on your credit report. In some cases, a low credit score may be partially caused by mistakes or inaccuracies on a report. For example, your report may show an account that was closed a long time ago as open or may show a lower credit limit than you actually have. Be sure to go through your credit report with a fine tooth comb. If you see mistakes on it, you must notify the credit bureau to have them removed. If you can provide proof, such as the cleared check that shows you paid off a debt, it may expedite the process. Expect a response within six weeks.

3

Pay your bills on time. The timeliness with which you pay bills is a big factor in your credit score. You should always pay your bills on time, as potential creditors can see exactly how often you were late in paying your bills.

4

Decrease your debt. Another factor that goes into your credit score is your debt-to-credit ratio. This is how much debt you owe as a percentage of the total amount of available credit you have. If you decrease your debt, you'll be able to improve your credit score.