Cleaning Up Your Credit Report

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There are several ways to approach cleaning up your credit report, and most require discipline and time to improve your credit score, and keep it up. However, there is one method that can help you quickly improve your score and only requires a small amount of work on your part.

One way to clean up your credit report is to make sure you make all your payments on time. Creditors can get kind of nasty when you get into the habit of making late payments. They see you as more of a risk for financial loss, which isn’t why they are in business. They’re not a charity, and are in the game to make money, so make your payments on time to avoid unpleasant encounters with your creditor and keep your credit score high.

Another way is to improve your debt to available credit ratio by paying down your debt. While making minimum payments on time keeps creditors happy and doesn’t hurt your credit score, it won’t help you pay down your debt rapidly. Creditors always want to know you are a low risk consumer, and having less debt than available credit is one way to ...
... clean up your credit report and increase your credit score.

Probably the quickest way to clean up your credit report is to monitor it closely. Mistaken documentation is fairly common, and removing incorrect entries is the easiest way to improve your credit score. Make sure you monitor all three reports from the major credit bureaus. That includes TransUnion, Experian, and Equifax.

Watching for things like improper documentation, incorrect financial histories, and indications of identity theft can help you keep your credit report in check. If you do find something that needs to be removed, you’ll need to notify the reporting agency in writing. Here’s where a company like Creditelves can help. They’ve been doing this for years and know exactly what to say in your letter to help get your case resolved quickly. They will help you compile all your information into one easy to read, professional document that will allow the bureau to quickly understand your situation and hopefully come to a positive resolution.

After the bureau receives your letter, they have 30 days to respond. That’s why you should always send official documents such as this via certified mail †so you know exactly when that 30 days begins.

If the original creditor doesn’t respond, or can’t come up with appropriate proof regarding that specific entry it will be removed from your report. It’s your responsibility to follow up and make sure it’s taken off, and that the information is passed on to the other two reporting agencies.

If the agency decides to deny your request, you’re not out of options. You can still contact the original creditor and try to work something out with them to get it removed from your credit report. Or, you can add a statement to your credit report explaining the offending entry.

For more information on cleaning up your credit report, or to get help improving yours, visit www.creditelves.com today!