More than Just Lines on a Map: Best Practices for U.S Bike Routes
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1. Can Credit Repair Companies Teach Me How To Rebuild Credit?
This is a question that is asked on a daily basis by consumers in many different
financial situations. How can credit repair help you? Do you want to know how to
rebuild credit? When it boils down to it, credit repair can help just about any
consumer with imperfections on his or her credit reports. It is important to know
what exactly you need to look for on your credit reports that can easily be repaired
to improve your credit score. These tips can help you greatly improve your overall
credit score and rating, resulting in more approvals and more attractive credit terms.
The first thing you will need to do is obtain your credit reports from the three major
credit bureaus: Trans Union, Equifax and Experian. There are several ways that you
can access these, depending on how quickly you need them. You can obtain them
directly via snail mail by writing to each credit bureau and request your free annual
report. They will be sent to you in a couple of weeks, but please be aware that they
will not include a credit score. They can also take up to 35-45 days to arrive, which is
not the most time efficient way. You can also go to the free annual credit report
website and get them online providing they can verify your information. Many
consumers find that after trying to obtain them this way they are not provided them
online and are requested to send in identifying information directly to the credit
bureaus. Again, these reports will not contain credit scores and this method also
takes a long time. To get instant access to your credit reports containing credit
scores you can visit a credit report websites such as
http://www.mycreditbureaureports.com and get your free credit scores from all
three credit bureaus. This method gives you immediate access to your reports and
scores. You will then want to take some time and review each report in great detail.
Make detailed notes of any information that you see on your credit reports that is
incorrect or questionable. If you do not remember opening an account or question
the payment history make sure you note that. Keeping detailed information is very
important in the credit repair process.
There are also some very easy steps that you can take yourself to improve your
credit scores aside from actual credit repair. Go over all of your credit card balances
in relation to the credit limit on each card. Are they maxed out, or close to the card
limit? Carrying a high balance to limit ratio, or utilization as it is referred to, will
drastically impact your credit scores in a negative way. A quick and easy fix is to pay
all of your credit card account balances down to under 20%. For the best possible
score results you want to be at around 3% utilization. They like to see some
continued use of the cards, but at a very minimal utilization percent. This is a very
fast way to obtain a credit score boost. Another thing to look at is your installment
loans, such as car loans or personal loans and lines of credit. These accounts can be
paid down to increase your score. Although many do not have the funds available to
pay the balances down, it is an effective way to raise your scores. It is also very
crucial that you keep all of your old accounts open, even if you do not plan to use
2. them ever again in the future. Closing old accounts can actually impact your score in
a negative way. It is a smart practice to put a little activity on each idle card every 6
months or so just to ensure that the company does not close the account due to
inactivity. Old accounts help your credit score as it shows you have stability. This
also improves your average age of accounts, which is also a major factor used when
computing the credit score. It will also help offset newly open credit accounts from
lowering your score by maintaining a high average age of accounts.
If you come across information on your credit reports that is inaccurate,
questionable or just plain not yours while reviewing them then you will need to seek
credit repair help from a reputable and experienced credit repair company. Their
experience and knowledge can help clean up your credit reports, resulting in
increased credit scores. One of the top credit repair companies is Credit Restore
USA, located in Miami Beach, Florida. Visit the website at
http://www.creditrestoreusa.com. They offer a free consultation via phone or
through their live online chat feature. Their professional credit repair service is both
effective and affordable.