There are certain methods that can be used to fix your credit rating, most of which involve some sort of communication with the three main credit bureaus, Equifax, Transunion and Experian. The best way to start is to think of credit accounts that you for one reason or the other were not able to pay in full.

These types of accounts are more than likely being reported on your credit report which would ultimately lower your credit rating. Depending on how long since it has been since you made the last payment on these accounts, you can have them deleted by sending a simple letter to each reporting agency that list the account.

This credit fix works because it’s part of the laws governing your credit.

Another good option would be to call up the creditor directly and let them know that you wish to settle the account. The goal here BEFORE you pay them would be to make sure that if you pay up, the item would be deleted permanently from each of your three credit reports.

These are methods you can use to clean up negative accounts from your reports, which make for a better all round credit report. Also keep in mind that a strong credit rating is not complete without a good payment history.

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This entry was posted on Friday, March 20th, 2009 at 4:26 pm and is filed under business, E Financial. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.