If you have a great credit history and an excellent credit score, you can probably get loans, credit cards, or mortgages at the best possible interest rates. If you’ve made some bad decisions involving your finances in the past, your credit may be considered fair or poor.
If you have less than perfect credit, you may be asking the question “How do I fix my credit on my own?” While some things take time to fix such as accounts in collections or bankruptcies, there are things you can do to get started improving your credit.
Catch up on Past Due Accounts
The first thing you need to do if you want to fix your credit on your own is to develop better habits. If you’ve been careless about paying your bills on time up until now, make it a priority to be more responsible. If you have accounts that are past due, catch up as soon as you can. Reach out to your creditors if you haven’t already to find out your options for paying back the past due balance over time.
Reduce Your Balances on Revolving Accounts
If your credit cards are maxed out, it’s hurting your credit score. Whenever possible, keep the outstanding balance on revolving accounts at less than 30 percent of the available amount. Resist the urge to buy whatever you want on credit. You may want to consider applying for a personal loan to consolidate what you owe on credit cards.
Check Your Credit Report
Did you know that as many as 2 out of 3 people have errors on their credit report? You’re entitled to a copy of your credit report from all three of the major credit bureaus each year from AnnualCreditReport.com. Look over your credit reports and make sure that everything that’s being reported is accurate and up-to-date, including your name, address, and social security number.
Check that the balances are correct and that there aren’t any late payments showing on your credit report if you didn’t pay late. Make sure that all the accounts showing on your credit reports belong to you. If you find any errors, you should dispute them immediately. You can take care of this on your own by filing a dispute with the credit bureau online or by phone or you can contact Dovly for help.
Credit Help from Dovly
Improving your credit score can help you save money on interest rates and can give you the peace of mind of knowing that you can borrow money when you want to. It is possible to fix your credit on your own, but it can be overwhelming and sometimes confusing. If you don’t want to put in the time and effort disputing inaccuracies on your credit report, Dovly is here to help.
Dovly is an AI credit engine that works for you 24/7. We can help you monitor your credit and help you remove inaccurate items on your credit reports that may be bringing down your credit score. Try it risk-free with our free membership tier.
