A lot of people are unaware of the fact that they can fix their credit rating themselves and the truth of matter is that that no one shares the information openly. The reason is that there are many people making money from the situation but I will show you how you can get your credit on track by doing it yourself.
The key to getting your credit rating on track is understanding the different negatives on your credit report and how to approach each one. You may have collection accounts on your report, which simply means that the original credit sold the account to a third party, this company now has the right to try and collect payment from you.
These third party collectors purchase the debt for a fraction of what you owe and try and collect as much as of the original amount as possible. By law, collection accounts can stay on your report for only seven years after which time they need to come off.
If you have collection accounts on your report and they have not reached the seven year mark, then you can try negotiating with the collection company a lesser amount in exchange for them deleting it from your report.
This is a great way to clean up collection accounts on your report. Another way to start improving your credit rating is to begin to rebuild new credit. The formula used to calculate good credit includes new accounts that are in good standing. You need a couple of these accounts on your report to show that you are a good credit risk.
The best way to do this even if you have bad credit is to start with a secure credit card as well as cards that are designed to help you rebuild your credit. There are a number of these cards out there and I can show you how to get approved for them.