Credit Cards and Finance

Credit building is a strong and valuable practice that many know how to do but very few actually do it well and are able to maintain responsible credit usage. There are many experts who suggest opening and servicing three different credit sources. This could be one credit card, one gas card, and a vehicle loan. If you are able to service your debt responsible by paying down a little beyond your minimum balance that is due, you’ll be well on your way to building credit.

Do you know what your credit score is? When was the last time you checked it? If it’s been a while you may want to consider pulling it again, but not from a loan officer because that is what is considered a hard pull. A hard credit pull will deduct points from your report. It is important to check your credit with a soft pull by pulling it yourself. There are sources online that can assist you with this and many even are free to use for a few weeks.

A credit reporting agency has 30 days, I say it again 30 days to resolve a dispute. If they cannot prove that account is 100% acquired, then the item you are questing by LAW has to be taken off. So you know what I did? I went down the list and marked them all. I would recommend that you do the same it doesn’t matter if they are yours or not, issue them anyway, you might be lucky and have some taken off that are yours.

To deal with a tarnished credit history one has to go through easy steps but this has to be done very carefully. The first step to take part in is to ask for a report from the credit bureau.