Two Tips to a Good Credit Score

The easiest tip to a good credit score is to pay your bills on time. Even if you have negative items on your credit it is still very important to pay your bills on time.

This will help build a positive payment history on your credit report. This is the second most important factor when calculating your credit score.

The more time that passes between today and the last time you paid late, had an account charged off, or any negative mark the better. So even with bad items on your credit report it is still of the utmost importance that you pay these months bills on time and continue too.

The next tip is to remove any inaccurate information. Unfortunately our credit reporting system has many flaws.

You can end up with bad marks on your credit due to a divorce. Where your ex-spouse defaulted on a loan, even if the divorce judge ordered you ex-spouse to pay that debt, it will still be reported on your credit too.

A lenders mistake is another source of inaccurate information. For example the amount due on a loan changes, however you are never notified and continue to make your regular monthly payments. Yet when you have your credit checked it will be littered with negative marks because you were not paying the full amount.

If you identity is stolen this can be devastating to your credit. Another common source of inaccurate information is credit reporting errors. Thus you need to keep an eye on your credit report if you have a 500 credit score or a 700 score.

You can dispute all these negative marks and have them removed. They are inaccurate listings and are bringing your credit score down.

The Fair Credit Reporting Act was passed and is continually amended by congress to help protect your rights. These negative marks are beyond your control and the FCRA was passed for these circumstances.

To dispute an inaccurate mark you can hire a credit repair service. They will draft a dispute letter and send it to each credit bureau that is reporting the inaccurate listing. Or you can do this compose a letter yourself, however you should know that credit bureaus often do not conduct investigations based on one dispute letter.

They more commonly will respond requesting more information regarding the dispute. So if you have many inaccurate marks either take your time filling disputes and create an organization system or hire a credit repair service.