Are you wondering how to repair bad credit yourself? With just a bit of knowledge, it is possible to do this. First, you will need to get a copy of the creditor report from the leading credit reporting bureaus. These are required to give you one free report every year. Once you have gotten this report, you are supposed to do the following.

Look for errors

You will need to realize that mistakes can happen. You need to grow through your credit report to detect these errors and then dispute them. Once you have the errors fixed, you can now focus on another area.

Negotiate

Probably you stopped making payments on your credit cards after losing your job. However, you do not have to give up. Get in touch with the creditors and ask them to remove that debt or another account that needs collection. You should include an offer that tells them that you will pay for the balance. The creditor will make a report that will show that you spent as per the agreement.

Check limits

Ensure that the limit on your current credit and not lower than they should be. You will not want a situation where you look as if you are maxing out the situation every month. If the issuer of the card did not mention that you had a credit limit that was newly bumped-up, you can request them to do this.

Get a credit card limit

Ensuring that you got one or 2 pieces of plastics will impact your score positively as long as you don’t overcharge and you ensure that you are paying your bills timely. This means that you should use your credit in a responsible manner. If you don’t get the traditional credit cards for repairing credit, you can opt for a reliant com secure card. Ensure that the card you choose reports of the 3 credit bureaus.

Be an authorized user

You may have to convince a close friend or relative to add you to their credit cards. In case you already got a checkered financial history, you should be ready to face a lot of rejection. However, this doesn’t mean that you should not try out your luck, particularly if you are young with no history of poor use of credit.
You can offer a written agreement on the amount you are ready to spend and how you plan to share the bills with the cardholder. You will then need to keep the promise and use that card in a responsible way.

Make the minimum use of your card

You will need to ensure that your ratio of utilizing card is less than 30%. A credit utilization of 10% will play a key role in improving your FICO score.

Ask for an increase in your credit limit

You can ask creditors to increase your limit. However, you should only try this method if you are sure that you will not increase your spending habits. Use these quick credit repair tips to improve your credit score.