Repair Credit Score

How do it yourself Credit Repair rebuilds good credit

Once you have gotten rid of the incorrect items that shouldn't be on your Credit Report, you will have to deal with the things that should be on your Credit Report. Below are the most important steps in rebuilding good credit and repair your Credit Score:

• Make your payments on time every month.
• Don't incur more debt.

Time heals... even Credit Report and Credit Score

If you do the above, your credit will improve over time, guaranteed. Even when there is negative information on your report, your score will improve. This is because the older the information on your Credit Report is, the less it counts against you. Time heals everything.

If you've got negative information on your Credit Report that's relatively fresh, it's important that you get caught up on those accounts and work out a payment plan with those creditors.

Don't touch old accounts!!!

If you have old accounts that you haven't touched in over 5 years, consider just ignoring them for another 2 years and letting them drop off your report. If you send them any kind of payment now, you "reset the clock" and the information is re-upped for another 7 years. The time limits on your Credit Report are from the date of the last activity on the accounts in question. Therefore, it is better to pay the recent debts first, but eventually you'll probably have to deal with the old debts too.

Sometimes creditors sell old accounts to collection agencies after 7 years, and then the collection agency may be able to report your account for another 7 years. In this case, the negative information will not go away after 7 years like it is supposed to.