5 Steps To Improve Credit; 7 Common Credit Repair Consumer Report Myths

5 Steps To Improve Your Credit Score


1) Request a free credit report

You can request a free copy of your report every 12 months from each of the three main credit bureaus: Equifax, Experian and TransUnion. The official website to get your free credit report is www.annualcreditreport.com.

2) Understand Your Credit Report

Understanding your credit report will help you make better decisions when it comes to your finances, because your credit score is based on your credit report

3) Check Your Credit Report

Sometimes information on your credit report might be incorrect or incomplete. That’s why you should check it periodically.

4) Pay Your Bills on Time

Paying your bills on time is an important factor in determining your credit score and showing your creditors that you are a responsible consumer.

5) Get Professional Help

A budget might help you pay your bills on time. If you owe too much or are unable to pay your bills, you might want to consider a credit counseling agency. They can help you to manage your finances or figure out a plan to pay off your debt.

The Truth About 7 Common Credit Report Myths

1. Myth: Your credit report includes your credit score.
The truth: “Your credit report does not contain your credit score,” says Wilson.

2. Myth:Intimate details, such as race, income or medical history, are included on your credit report.

3. Myth: Checking credit reports too often will hurt your credit score.
The truth: “Viewing your own credit report has no impact on your credit score,” says Cliff O’Neal, senior director for corporate communications at TransUnion. “You could view your credit report every day and it will have no impact.”

4. Myth: If you pay off a delinquent debt, the missed payment will be removed from your credit report.
The truth: The only thing that clears a negative mark on your credit report is time.

Credit Repair Consumer Reports Secrets

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