The first step in making your credit report stronger is to make changes in your lifestyle which includes your spending habits. Making these changes should be your main focus as your trying to establish a strong credit report.Depending on the severity of credit trouble you may have changing the appearance of your credit report can be done by using one or all of the following methods: Updating your credit report, Adding new Aaccounts to your credit report, Deleting accounts from your credit report, Changing delinquent payments into good payments, and knowing where to send letters for these actions.
- Step 1
Updating your credit report and credit file
This is an important part when trying to maintain a good a good credit rating. A lender can base a credit worthiness decision on discrepancies between the information you provide on a credit application and the information on your credit report. That’s why it is important to keep your credit information up to date.
Update is needed if you have made any of these changes in your life:
Change your name -first , last, or spelling
Change marital status-divorced, married,seperated
Change in Social Security number or name
Change the status of bankrutcy-type,discharge,reaffirmation
- Step 2
Changing Delinquent Payments To Good Payments
Constantly be aware of your credit situation. If your credit report already reflects late or missing payments you can have those delinquent payments changed into good payments. The only way to do this is to contact the lender and come up with a reasonable action plan that will benefit both parties.
Contact the lender when :
You make a late payment due to: divorce, employment loss, illness etc.
You can’t make the monthly payment
Your account is turned over to a collection agency
- Step 3
Deleting Accounts From Your Credit Report
There are several reasons you should request for an account to be removed from your credit report. Credit agencies encourage you to dispute any information that you consider incorrect. Removing one or all of the following accounts from your credit report can be extremely beneficial to your credit.
The accounts to be removed would be :
This account does not belong to me
This is an outdated account
This account no longer exist
- Step 4
Now it’s time to prepare documents and a letter for the credit agency
This letter needs to include:
The contact person within the organization which you are trying to clear your debt with.
A written signed agreement that you have established an agreement for payment.
- Step 5
Final step is to verify which agency to send the letter to
If it’s reported by Trans Union
Trans Union-Address located at the end of your credit report
If it’s reported by Equinox
Equinox Credit Informational Service
P.O Box 740241
Atlanta GA 30374
If it’s reported by Experience
P.O Box 2106