In today's economy it is very important to keep good credit. Getting loans or credit cards can be challenging if your credit score is not good. Removing bad history from your credit report is easier than you think.
Look for mistakes
Many times bad history is a reporting error. Very small errors, such as improper reporting and numerical errors can bring down your score 100 points. You need to get a copy of your report and look for errors that may have occurred. If you find errors, you can dispute. The credit agency has 30 days to respond and the error can come of your report in a little as 35 days.
Age can be your friend
After many years it is easier to have bad credit removed from your report. The older it is, the harder it is to be verified. The business moved or closed and records were just discarded. If there is no response from a company after two weeks time, the item comes off of your report.
Remember – The best way to clean up for credit and get things removed is simply by reviewing your credit report and being aware of what is on it. This should be done once a year. The best way to clean up your credit is to make sure you're on top of it.
By maintaining good credit, you'll be able to purchase large items at a lower interest rate, as well as invest more wisely. Remember knowledge is power when it comes to money. The more you learn the more you'll be able to make your money work for you.