Credit is scores. Well if you are going to learn about after repair credit fixes then you do need to first understand what credit score is and also what credit scoring repair means.
A credit score is a calculation of numerical expression meant to gauge an individual’s trustworthiness, as inferred from data in people’s existing loans debt records. Having good credit means endless financial possibilities! On the one hand, your credit score can go down due mistakes or bad financial decision-making but with credit repair you can fix it.
Alright so, let’s see how you can keep the good credit score after repairing to have it on excellent levels after the repair.
Credit Score Repair
Credit repair is the term used to indicate repair a broken credit score, typically by exposing errors on your credit history. Rehabilitating your credit can either be done on your own or by hiring a trustworthy credit repair company. However once your credit score is repaired, how to keep credit after repair in good shape.
Here are some essential tips to keep your good credit status after repair:
1. Get your Credit Reports, Read Tham
Maintaining Good Credit After Repair… How To Obtaining A Copy Of Your Credit Report is the First Step
If you want to keep good credit after its repair, the first step is to command copies of your credit report. Avoid the urge to immediately go into a spending spree, it’s best that you take a little time to find any errors or incorrect information still clinging to this. As a side note, use what you learn from your repair to spot these kinds of things from miles away.
2. Act on discrepancies,
As soon as you notice mistakes, like incorrect names or account numbers dispute the information with the credit bureaus or that responsible credit card company. Fixing these inbalances keep your credit report clean — something you want to do if you want to keep that high score.
3. Check the replies and ask again
According to the Fair Credit Reporting Act, credit bureaus must investigate disputes thoroughly within thirty days. And do pay attention to the responses and if you disagree with their solution file another dispute along with proof. Urgent follow-ups are important to resolve problems that might damage your credit.
4. Late Payments
One of the simplest things for credit after repair is to keep all your payment post-paid. Your payment history is super-important in the making of your credit scores. If you miss a payment, you normally have 30 (in some cases 60) days to pay to get it off your rating. Always pay your debts in the time but they should be avoiding att.
5.Refrain from Applying for Too Many New Credit Card
Every time you apply for a new credit card, new inquiry will be placed on your report. This could hurt your credit score. Keep a healthy credit score after repair, do not take out new credit cards unless its a necessity. Keep from opening more than one new card every six months or so.
6. Do not close the old accounts
It may be an idea to pull the trigger and close some old credit accounts but it is not recommended. Closing an account is going to decrease the length of your credit history which can contribute a lower average account age. When for instance you shut a 5 year old credit card and leave the account 2-year-old, your average account age is going down. This may also increase your credit utilization rate. Maintain good credit by keeping older debt balances open after repair
7. Keep Your Card Utilization Down
Credit utilization is your total available credit compared to the amount that you are utilizing. Lower utilization means good credit management. Call your creditor and ask for a credit limit increase or try to pay off existing balances to lower your credit utilization. Lower utilization keeps a tidy credit after repair.
Final Thoughts: How to Secure Your Financial Future
After you Fix your credit for good — it does not stop there, it’s a continual journey and you need to work to keep it on a high level of credit. Making these changes and staying disciplined with your financial strategy will give you the solid credit in the future, achieving this goal this becomes an easier feat. Begin with realistic goals, develop a plan and be patient. There is success near!