It’s common for people with bad credit to wonder how to fix a bad credit score for free & fast. The good news is no matter what negative marks are currently showing on your credit report, they won’t be there forever. There are actions you can take on your own to work on bringing up your credit score. Depending on the cause of your bad credit score, it may be possible to bring up your credit score fast.
Pay Bills on Time Going Forward
Establishing a pattern of paying all your bills on time can help to bring up a bad credit score. Your payment history is one of the most important factors used in calculating your credit score. It’s best to pay on or before your due date, but if you’re a little late, be sure to make your payment before it is 30 days or more past due. At that point, the late payment shows on your credit report.
Catch Up on Past Due Bills
If you currently have bills that are past due, you need to make it a priority to get them caught up. If any of your bills are more than 30 days past due, they will remain on your credit report for seven years but the impact of late payments will lessen over time. If you’re having difficulty catching up on past due bills, don’t try to dodge your creditors. Talk to them to find out what your options are. Many will be willing to set up a payment plan to help you find a way to get caught up.
Pay Down Credit Cards
Another factor that has a big impact on your credit score is your credit utilization. This refers to the percent of available credit that you’re using on credit cards and any other revolving accounts. If your credit cards are maxed out, paying them down as much as you can is a good way to bring up your credit score. Try to pay them down to a balance of no more than 30 percent of your available credit.
If you’re not able to pay down a lot at once, work on paying more than the minimum payment each month. If you have balances on multiple cards, put any extra money you have toward one of the cards. Once one of your cards has been paid down, focus on another card.
Correcting Errors on Your Credit Report
Whether you have good or bad credit, it’s important to know what’s on your credit report and make sure everything being reported is accurate. If a creditor is reporting an incorrect payment, wrong balances, or wrong payment status, you’ll need to dispute the items and request that they be removed from your credit report. Once this is done, your score may improve quickly.
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