It’s unfortunate that these days, more and more people are finding themselves suffering from poor credit scores. These low scores can affect you in many ways, from your ability to secure loans to your eligibility for employment opportunities that require passing credit checks. But fear not; it doesn’t have to be this way. If you don’t want to deal with effective credit repair companies that are expensive, try doing it yourself. It may take some time, but DIY credit repair can actually do the trick in helping you achieve the credit score you want. Here are some easy steps to follow.
Credit score basics
If you’re looking to improve your credit score, there are a few things you should know. First, your credit score is based on your credit history, which is a record of your borrowing and repayment behavior. Second, you have three different credit scores, one from each of the major credit bureaus: Experian, Equifax, and TransUnion. Third, there are a number of factors that go into your credit score, including your payment history, credit utilization ratio, and the types of accounts you have.
Understanding credit reports
A credit report is a summary of your credit history. It includes information about your credit accounts, such as the date the account was opened, your payment history, and your credit limit. Your credit report also includes public record information, such as bankruptcies or foreclosures.
How to obtain your 3 credit reports
One of the best things you can do for your credit is to obtain your credit reports from all three Effective Credit repair companies. This will give you a complete picture of your credit history and help you identify any areas that need improvement. You’ll have access to an easy-to-read report, as well as individual letters detailing what’s impacting your score in each area. In order to obtain these reports, you’ll need to contact each of the three agencies: TransUnion at 800-916-8800, Experian at 888-397-3742, and Equifax at 800-685-1111. The cost per bureau is $12 but it’s worth it if you want to improve your financial health.