It is a quite common occurrence that people often have a below average or even bad credit. Whether we are talking about students, employee or a business man, there might come a time when you are unable to meet the deadline and make payments. This not only results in bad credit but also prevents you from getting a new loan or new credit. Therefore, several people look for ways for getting free credit repair, which can be easily done right at your home.
Credit Monkey has outlined in detail some of the steps that can be taken to ensure your bad credit can be repaired easily. Following simple steps will help in building better credit.
Firstly, make sure to get copies of your full credit reports from all three bureaus i.e., Experian, Trans Union, and Equifax. These reports will give you a clear idea about your credit score. If you find any incorrect information in the report, then you need to dispute them immediately. Highlight any error, make copies of any bank statements and then write a letter to the credit reporting agency, expressing your concerns about the need to rectify the error immediately.
Make sure that you pay all your monthly bills on time and avoid applying for credit. In short, you need to limit the use of credit for some time. Moreover, avoid opening a new credit card. The next step is to try to build your credit.
Although, improving credit score is going to take some time, but it will be worth it, especially if you are looking for a new loan in the future.