Quick Guide On How To Fix Bad Credit

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For Lenders, a borrower's credit history is very important. It determines whether a person is eligible for a loan. What can you do if you have bad credit?

Follow these easy steps to help fix your credit:

Know what's on your Credit Report

You can request a copy of your credit report from a reporting agency - this will give you an idea of what you are dealing with. Keep in mind that having defaults and a lot of enquiries in a short amount of time can affect a lender's decision to approve your loan.

Correct the mistakes on your Credit Report

Unfortunately things can go wrong and mistakes are made due to manual error. If you notice something on your Credit History that shouldn't be there, request to get it removed and/or corrected immediately.

Develop a Good Payment History

The most common reason for a poor credit history is when your payments are late. If you haven’t been paying the full amount on time, it’s time you start doing so.

Consistently keeping up with your payments can help you develop a solid credit history - or turn a poor credit history into a good one.

The best way to do this is to set up scheduled reminders to make payments, by doing so you will stay on top of your debt.