The Basics of Credit Clean Up
 
The Basics of Credit Clean Up

Credit can be a fickle thing and if you don't know much about credit, your credit report or score and how credit works it can seem overwhelming to try and find ways to fix or clean it up. As overwhelming as credit practices may seem there are ways to clean up your credit and plan for a better financial future with smarter spending and borrowing practices.

There are four main ways to clean up your credit and the more cohesively you use them together the better the result at the end. This article will briefly go through the four areas and how to take part in them. Through your research you are likely to come across more in-depth information that will play a part in working with the information provided here to give you the best results in cleaning up your credit.

The first way to start your journey toward better credit and a higher credit score if to work on a pay off or debt management plan. The more you ignore your debt, the worse it gets and the harder to fix. You need to first get all three of your current credit reports and lay them out in front of you. Take the time to use a highlighter and highlight all the accounts that are currently open and have a balance. Some of these are likely past due, while others may not be. To get a complete look at what you need to pay off, you need to highlight them all. This should NOT include monthly living expenses like utilities, rent or other accounts that may be listed on your credit report. This is only the debt you need to get out from under. The next step to forming a debt pay off plan to consider the highest balances or highest interest rates first since these are more harmful to your credit, though the smaller accounts may be easier to pay off. Remember, while you are paying off larger debts with larger payments, you must still maintain the minimum payments on monthly accounts and living expenses to keep from worsening your debt.

The next step in the credit clean up process should be to consider the good accounts you have and work hard to keep them in positive standing. These accounts will help to steady and improve your credit when you get the bad accounts paid off. When you have paid off the bad and past due accounts, you can consider adding a good or small account to keep in good standing, but don't consider adding anything until you have dug yourself out of the hole you are currently in.

Next, you want to check over your credit report for errors. This can happen by accident or through the presence of identity theft. Either way you need to find it and dispute it. Each credit reporting agency has their own dispute policies and procedures and you will need to read through and follow them accordingly to dispute incorrect items on your credit report. Often times this information will print at the end of your credit report and should be readily available on the agency web sites as well.

The last and probably most important thing to consider when working to clean up your credit is to form and set up a plan for future financial success. You need to be able to handle money in a smart way and avoid getting back into the same situation or having to work so hard again. To do this you need to learn to live within your means and learn the difference between need and want. This can be especially hard if you've become accustom to a certain standard of living or have friends with a higher standard of living than you can afford. You need to be honest with your self and with others about the life you can currently have, this will help you be about to reach the life you want in the future.

PPPPP

Word count: 672

Search
Recommended Resources
Choosing and Creating Good Accounts to Boost Your Credit Credit can be a fickle thing and complicated to those who ...
read more

Credit Counseling: Work with a Professional to Pay off Your Medical Bills Medical debt plagues many households across the country ...
read more

Credit Clean Up: Dispute Incorrect Information from your Credit Report When you are working to clean up your credit the ...
read more

Credit Clean Up: Make a Plan for the Future Credit clean up can be a daunting task, especially when you ...
read more

Credit Clean Up: Paying Off Debt Cleaning up your credit can seem a little daunting and overwhelming when you are ...
read more

Credit Counseling: Find a Positive Way to Handle Student Loan Debt Student loan debt can be an intimidating and sometimes ...
read more

Credit Counseling: Helping You Navigate Through Your Credit Card Debt Credit card debt is the number one form of debt ...
read more

Debt Consolidation: How You Can Find Relief From Medical Debt Medical debt is a heavy weight on many households around ...
read more

Debt Consolidation: Save Your Credit While Getting Rid of Student Loan Debt Student loan debt plagues many Americans around the ...
read more

Debt Consolidation to Raise Your Credit Score Debt consolidation is a form of debt management that can allow you to ...
read more

Debt Negotiation: Cut Your School Loans in Half or More School loan debt can seem like a shock when you ...
read more

Debt Negotiation: Negotiate Away Your Medical Debt Medical debt affects millions of households around the country and can often be ...
read more

Debt Negotiation: Talk Down Your Credit Card Debt Credit card debt is the number one form of debt in the ...
read more

How Does Identity Theft Affect My Credit? Identity theft is one of the biggest problems in the financial sector and ...
read more

How to Build Good Credit Right from the Start Good credit is something that has to be worked at and ...
read more

How to Handle Your First Credit Card Good credit is something that has to be worked at and maintained. While, ...
read more

How to Prevent Identity Theft from Happening to You Identity theft is a terrible crime and it happens to thousands ...
read more

How to Restore your Credit after Identity Theft Identity theft can be a terrible thing and when left unnoticed or ...
read more

How to Spot a Credit Repair Scam Credit repair companies are all over the Internet and offered through other credit ...
read more

Planning for a Credit-Worthy Future Credit can be a fickle thing if when you don't understand it there are many ...
read more

The Basics of Credit Clean Up Credit can be a fickle thing and if you don't know much about credit, ...
read more

Understanding Your Credit Report and Score Your credit score is based on a formulation used by the credit reporting agencies ...
read more

Use Debt Consolidation to Raise Your Credit Score Debt consolidation is a form of debt management that allows you to ...
read more

What is Credit and How Does it Work? Credit may seem like a trifle and fickle thing, but it can ...
read more

Main Menu
Home
Sitemap



Articles
Choosing and Creating Good Accounts to Boost Your Credit

Credit Counseling: Work with a Professional to Pay off Your Medical Bills

Credit Clean Up: Dispute Incorrect Information from your Credit Report

Credit Clean Up: Make a Plan for the Future

Credit Clean Up: Paying Off Debt

Credit Counseling: Find a Positive Way to Handle Student Loan Debt

Credit Counseling: Helping You Navigate Through Your Credit Card Debt

Debt Consolidation: How You Can Find Relief From Medical Debt

Debt Consolidation: Save Your Credit While Getting Rid of Student Loan Debt

Debt Consolidation to Raise Your Credit Score

Debt Negotiation: Cut Your School Loans in Half or More

Debt Negotiation: Negotiate Away Your Medical Debt

Debt Negotiation: Talk Down Your Credit Card Debt

How Does Identity Theft Affect My Credit?

How to Build Good Credit Right from the Start

How to Handle Your First Credit Card

How to Prevent Identity Theft from Happening to You

How to Restore your Credit after Identity Theft

How to Spot a Credit Repair Scam

Planning for a Credit-Worthy Future

The Basics of Credit Clean Up

Understanding Your Credit Report and Score

Use Debt Consolidation to Raise Your Credit Score

What is Credit and How Does it Work?

 

Disclaimer: The Publisher has strived to be as accurate and complete as possible in the creation of this website, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.

This site is a common sense guide to The Basics of Credit Clean Up. In practical advice websites, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

This site is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.

Any perceived slights of specific people or organizations are unintentional.

Home| Sitemap|Budget Hosting

7.my © All Rights Reserved.