There are many different methods that can be used to improve your credit rating, in this article I will give you a few simple strategies you can use to accomplish this goal. The first thing you want to do is to get your hands on a copy of your credit report from the main three bureaus (Equifax, Transunion & Experian).
If you already have a copy you want to review it and highlight all the negative entries on the report. You might see items notated with term collection accounts, charge offs and late payments.
You want to also be on the look out for errors on your report. A good number of reports are known to have errors on them and you want to check yours to make sure non of these errors are present.
Don't worry if you do, the same method we would be using to deal with the other negative items will work with errors as well.
The strategy I am referring to is to dispute the negative items as well as the errors on your report. According to the Fair Credit Reporting Act you can dispute items on your credit report that are both incorrect and inaccurate.
You do this by sending a simple letter to the credit agencies explaining to them the situation about the account in question and they have to launch an investigation by law. They also have a specific amount of time to complete their investigation otherwise they must delete the account from your credit report.
This is the simple credit improvement strategy that many people use to repair their credit rating.