“Improving Your Credit” (by: The Credit People

Regardless of your income, education, or age, most people know very little about credit reporting, credit scoring, and how to improve either. Here’s some steps provided by The Credit People to get you started…

Step 1: Get your credit report and starting credit scores.

Step 2: Carefully review your credit reports. Review your accounts, the public records, and collections (if any) as well. Examine the 5 major areas that affect your credit score and see how you are doing in each area. Verify all personal information and look for errors. Do this for each of your three credit reports and pay close attention to detail.

Step 3: Begin. Start the dispute process with your creditors or the credit reporting agencies as each situation calls for. Be cautious of taking any actions that could negatively impact your credit score. Evaluate your debts; create an action plan that caters to your credit score. Review your credit mix and make adjustments accordingly. Be careful not to negatively affect your credit score with a plan that is too aggressive or poorly planned.Address any needs for positive credit. Carefully consider the risks involved for both you and any outside help you receive.

Step 4: Document your efforts, your communications, and remain organized. Evaluate the results of your efforts and make adjustments in your strategy if necessary.

There are going to be many questions that you’ll have as you go through the process. There are countless resources, books, and of course The Credit People’s website to help you along the way. You can also have The Credit People handle everything for you by signing up for our service.Either way, you have options, so get started.