Bad credit is never a good thing to have – especially if you don’t want to pay loads of money to get your credit fixed professionally. You’re already in enough debt as it is, so there is no logic to throw even more fire into the flame.
If you want to know how to fix your credit without throwing yourself even deeper into the pit, we laid out the steps for you. Sometimes, it’s better (and cheaper) to do things yourself – as long as you do them properly.
- Ask for a Free Credit Report
To fix your credit, you need to know exactly what needs fixing. You are entitled to a free credit report every year, so we see no reason why you shouldn’t take advantage of that.
Plus, the law says that if a consumer receives public assistance, is unemployed or simply believes that there is a problem with their credit report, they are also entitled to a free report. They could do this even if they received another one earlier in the year.
Keep an eye on your credit report so that you no longer gather more debt. Soon enough, your credit will start healing itself. That is how you fix your credit the smart way.
- Look for Inaccuracies
Sometimes, bad credit may be a result of errors, so when you get your hands on that free credit report, keep an eye out for anything that looks out of the ordinary. Look at your personal identification, public records, collections or inquiries to see if everything is how it was supposed to be.
You may also want to pay close attention to your payments, whether you missed something or if it’s just incorrect. Also, look at the depth of credit (the length of time that you have been using your credit). By signalling and disputing any irregularity, the credit company will begin fixing your credit. And that is how to fix your credit without spending a dime yourself.
- Wait for 30 Days to Pass
You’ve done your part. You’ve signalled the problem, but you haven’t received any confirmations from them. If that happens, don’t panic; sometimes, credit companies will start fixing your credit without notifying you. If you don’t like the results, you may contact the creditor and offer the documentation that they need to do a better job. With some patience, you’ll be able to learn how to fix your credit without dipping yourself in more debt.
- Request a New Credit Report
Now you are part of those that “received public assistance,” so you are entitled to receive another free credit report to see if the problem was fixed. However, you may have to wait a few weeks for that. Even though your data may have been corrected, it may take up to a month for the creditor to display it.
So, this is how to fix your credit without spending any money. However, these steps require some research, preparing paperwork and a lot of your time.
Alternatively, you could contact a credit repair service such as www.cleancredit.com.au that helps Aussies solve their bad credit problems. Although it could be pricier, the assistance of an experienced consultant is unmatched, as he/she knows the “secrets” to addressing even the most serious issues.
Have you ever struggled with bad credit? What other options did you use to bring it back to a good level? Let us know!
If you want to purchase a DIY kit for credit repair, visit this website for these handy kits: https://www.diycleancredit.com.au/