Debt

You should get your one time credit report for free each year and take some time to look it over for erroneous and old information. Continue reading to learn how as this will also help clean bad credit.

The 3 credit agencies will send each person a free report every year if requested. To request this you can fill out a downloadable form and send it in, request it by phone or go online and request it which is the simplest method to get a one time credit report. Get online at AnnualCreditReport.com, and fill out the easy online request. You will not receive your score though.

If you would like to receive your score another way or get a free one time credit report you only need to sigh up for one of the many online sites that offer free trial memberships. You will receive a one time credit report and your credit score.

When your one time credit report arrives, here are some ways you can improve and clean up your credit.

* Use credit cards sparingly; over use, even if paid down each month can lower your credit. Paying down the balance will help your credit.

* Ensure the limit listed for each card is your actual limit. If any are lower then what it is supposed to be have them corrected by the credit card company as this will help your credit. Use any older cards you have not used in awhile as card companies sometimes quit updating your credit if a card is inactive for a period.

* If you have been a good customer; a creditor may be willing to erase that single or occasional late payment.

* Look over the one time credit report for erroneous items. If any do not belong to you or are over 7 years old, 10 for bankruptcy, these should be removed.

Mail these along with letters of explanation in to the credit agencies to have them eliminated.

Some common mistakes; don’t ask for lower credit lines, this reduces debt to credit ratio. Don’t consolidate accounts; it is better to have smaller balances on a few cards then a big balance on one. Don’t apply for new credit if you already have plenty.

Now that you know what to do with your report and how to use it to improve your credit score it is time to act and get your one time credit report now.

Alex Nebwalz lost his job, his car, and his home; but he fought back to repair his credit and regain his life. He writes about his experience at his website cleaningupcredit.net where he discusses how to find your credit score, how to get your three credit report, get your free business credit report, fix your credit report, and clean bad credit.

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