The ads in the newspapers TV and radio telling that they will give erase the credit history or give you a new credit identify “legally” might be fake. No legitimate credit repair companies would claim such a thing. There are no quick fixes for credit repairs. Bad credit is due to long-term problems and long-term repair is required.

• You are entitled to a credit report if a loan/credit card application has been rejected or takes adverse action against you.

How to Fix Your Credit Score?

There is no quick way to fixing your credit scores. If there is a negative but true information, it will be there in your credit scores for 7-10 years. You can take some steps to slowly improve your scores.

• Check your credit score and file a dispute if there are any discrepancies. Changing wrong information might help in improving your credit scores.
• Improve your payment history will improve your FICO score. Late and missed payments impact your credit scores. Public records and collections will significantly damage your credit scores. Lenders check the size and how earliest the debt has been taken. Larger the debt with more recent the period will affect the credit score.
• It is essential to know your credit utilization rate or balance to limit ratio. It is the amount owed the amount left in credit. High Credit Utilization ratio, lower your credit score. It is important to keep your credit utilization at a lower level when you are trying to repair your credit.
• Reducing the number of credit accounts and be mindful before taking new credits.
• Try shifting unpaid debts to debt management plans and reduce your monthly payments.
• Past cannot be changed; however, the future can be better.