How to Reestablish Credit History

Your credit history is important. There may be times when money is short. Bills get missed. Credit cards payments are late or limits exceeded. All get recorded on your credit history. Within a short while, the good credit rating that you had for years is gone. Now you can reestablish your credit history by following a few guidelines so that it will improve over time.

Instructions

1

Apply online to get your credit history reports. They detail the organizations who reported your late or skipped payments. The reports are free once a year from AnnualCreditReport.com. The website is sponsored by the three credit reporting bureaus: Experian, Equifax and TransUnion.

2

Log on to AnnualCreidtReport.com and select the state that you live in from the drop-down box on the home page. Click "Request Report" and a new page opens. Enter your personal details accurately in the application form. Retype the security code at the bottom of the form into the box. Click "Continue." Your identity will be verified. Follow the simple online instructions to complete your request. View your reports online instantly. Now you have the information that you need to start to reestablish your credit history.

3

Check the reports for errors. Report any to the lender and the credit reporting agency that issued the history. Both have to respond in a timely fashion. Having errors corrected is the quickest method to reestablish you credit history.

4

Closely examine your reports to work out areas that need attention. Check payment histories. Late or missed payments negatively impact your credit history. Pay any late or missed payments to make your accounts up to date. Ensure future payments are made on time. Doing this regularly and not slipping again will eventually reestablish your credit.

5

Ensure that you pay your utility bills on time. Don't ignore the electricity, gas, water and telephone bills, as these companies also report to the credit bureaus. Timely payments establish a good credit history.