When improving your credit score you need to build positive credit as well as remove negative marks. The easiest way to build positive credit is to pay your monthly bills on time.
This will help you build a positive payment history. This is almost as important as removing bad credit items from your credit report.
In addition you need to remove bad credit items from you report. You can do this by disputing inaccurate items.
There are estimates that 1 in every 4 people have an inaccurate bad credit item on their credit report that is forcing them to pay higher interest rates. You are responsible to remove these inaccurate marks.
Often a divorce will result in inaccurate negative marks on your credit. During a divorcee the judge will divide the debts between the two parties.
It is common for one party to neglect to pay their court ordered debt. However this results in damage to both parties credit report.
Frequently the other party will not even be aware of the delinquency until it is too late. They played no part in the delinquency yet their credit will still be damaged. This is an inaccurate mark and when challenged should be removed by the credit bureaus.
In addition lender mistakes are often a result of inaccurate negative listings. Lenders make mistakes too, however you are the one that will pay the price for their mistakes.
It is not uncommon for monthly payment amounts to change on any credit line be it; student loans, credit cards, or whatever. However if you are not notified and continue to make your regular monthly payments your credit will be damaged.
This is because you are not making the correct payment amount. This is not your fault because you were never notified, but you will pay the price for it.
This is an example of a negative mark that should be disputed and removed. There are plenty of other examples of when borrowers have negative marks reported on their credit when they are not at fault.
However the Fair Credit Reporting Act that was passed by congress is in place to protect you from these circumstances. This law forces the credit bureaus to investigate a disputed listing.
The hard part of this is to get the bureaus to conduct the investigation. It is common for bureaus to respond to dispute letters by asking for more information about the dispute.
I suggest you be patient if you dispute these marks yourself. The other option is to hire a professional credit repair company. However you decide to do this, you can have negative marks removed from your credit report. - 2364
This will help you build a positive payment history. This is almost as important as removing bad credit items from your credit report.
In addition you need to remove bad credit items from you report. You can do this by disputing inaccurate items.
There are estimates that 1 in every 4 people have an inaccurate bad credit item on their credit report that is forcing them to pay higher interest rates. You are responsible to remove these inaccurate marks.
Often a divorce will result in inaccurate negative marks on your credit. During a divorcee the judge will divide the debts between the two parties.
It is common for one party to neglect to pay their court ordered debt. However this results in damage to both parties credit report.
Frequently the other party will not even be aware of the delinquency until it is too late. They played no part in the delinquency yet their credit will still be damaged. This is an inaccurate mark and when challenged should be removed by the credit bureaus.
In addition lender mistakes are often a result of inaccurate negative listings. Lenders make mistakes too, however you are the one that will pay the price for their mistakes.
It is not uncommon for monthly payment amounts to change on any credit line be it; student loans, credit cards, or whatever. However if you are not notified and continue to make your regular monthly payments your credit will be damaged.
This is because you are not making the correct payment amount. This is not your fault because you were never notified, but you will pay the price for it.
This is an example of a negative mark that should be disputed and removed. There are plenty of other examples of when borrowers have negative marks reported on their credit when they are not at fault.
However the Fair Credit Reporting Act that was passed by congress is in place to protect you from these circumstances. This law forces the credit bureaus to investigate a disputed listing.
The hard part of this is to get the bureaus to conduct the investigation. It is common for bureaus to respond to dispute letters by asking for more information about the dispute.
I suggest you be patient if you dispute these marks yourself. The other option is to hire a professional credit repair company. However you decide to do this, you can have negative marks removed from your credit report. - 2364
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