It will be easier to increase your credit rating if you only have one open credit card account. Try to make a payment or transfer your balance to your open credit account. This will let you focus on paying off a single account rather than many small ones.
Make sure to keep a record of your communication with credit bureaus in case they make mistakes. You should keep a diary of all phone calls, emails, or letters you send. Send dispute letters by certified mail so that you have a paper trail proving you sent it and the credit reporting agency received it.
Paying your bills is something you need to do to repair your credit. Paying your bills on time and for the full amount is important. You will immediately see changes in your credit score when you begin to pay off your debts, especially those that are active.
You will be able to get a lower interest rate if you keep your personal credit score low. Lower interest rates make paying bills easier, and prevents you from incurring debt. The way you can achieve an excellent credit score is by getting good offers and credit rates that are competitive in order to make paying off debt easier.
If you have credit cards with a balance that exceeds 50% of your credit limit, you must continue to pay on them until the balance is lower than 50% of the credit limit. Your credit score can diminish with balances over 50%, so spread out the debt or pay off the credit cards.
As shown here, if you want your credit score to rise, there are quite a few pro-active steps you can take. The following tips will help you get your credit score back on track. DIY credit repair takes some discipline, but it can work wonders for your score.
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