Fixing your credit might involve dealing with collection agencies to get certain information off your credit report. Payment habits aren't the only thing that factor into your score. Derogatory information such as charge-offs and collection accounts on your report also drop your total score and make it difficult to get approved for loans. Communicating with collectors early can help to quickly fix your score.
Instructions
- 1
Look at your due dates and make payments before the cutoff date. Keep your credit score within a good range with timely payment to credit card and bill collectors.
2Create a plan to get rid of balances owed to your credit card company and lenders to help increase your score. You can start with higher monthly payments or, if you acquire a large sum of cash, use the extra money to eradicate balances.
3Read your credit report at least every 12 months. Checking for accuracy helps you maintain a higher credit rating. For example, creditors and collectors may report wrong information which you're unaware of until you apply for financing. Annual Credit Report is an online source for free credit reports.
4Contact collection agencies to fight an unknown item on your credit report. A careful review of your report can reveal inaccuracies such as accounts sent to collections. Fight wrong information by writing a letter or faxing a letter to the agency and ask it to send paperwork confirming that you owe the money. Ask the agency not to call or write you until it verifies the debt.
5Talk to a supervisor to discuss the possibility of getting a collection account deleted from your report or at least updated. An unpaid collection account can hinder credit improvement efforts. Save money to pay off the account in full. But before sending your payment, ask the collection agency to consider deleting the collections from your report if you pay off the balance. If the agency will not comply, ask it to at least update your credit file and state that you paid the collection account.
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