How to Fix Your Credit History Fast

In a society run by money and credit, having a good credit history is important for obtaining loans for your home, car, business or personal uses. Credit scores are used by banking institutions, landlords, rental companies, employers and car dealerships as criteria to determine whether to lend you money or rent to you. If you have a bad credit history, there are ways to raise your credit scores fast so you can be approved for that new car, home or loan.

Instructions

1

Sign up with a credit history service to access your credit report and search for account and payment errors. Finding unpaid balances that you have paid, unauthorized spending from identity theft or collections and charge-offs over seven years old can repaid your credit history in two to four months. Report discrepancies to your local bank or go online to the Annual Credit Report website to file a claim. Credit history companies charge a monthly service to provide you with credit scores from major bureaus and to access your credit reports.

2

Pay your bills on time. If you have trouble remembering your bill payment due dates, write them on a calendar or insert a reminder in your cell phone. Paying your revolving loans and keeping your credit card balances low can help you raise credit scores.

3

Keep unused accounts open. Closing your account within a year could potentially lower your credit score, while lengthening your credit history by keeping your account open can improve your low-credit history. Use your inactive accounts occasionally for inexpensive purchases so you can pay off balances easily every month to improve your credit history.

4

Cut back on unnecessary spending, such as shopping, eating out, vacations and personal "gifts" for yourself, to pay your debts. Debts stunt your credit rating and can prevent you from obtaining future loans from banking institutions.