Here are four simple means to repair one's credit: 1.
Get a copy of your credit history from the accredited credit bureaus, namely Equifax, Experion or Transunion.
This is the first step in assessing your financial situation.
The report contains all your financial transactions and the credit history is a record of your existing debts outstanding.
By studying this, one is able to determine what debts are immediately due and demandable and what debts can hold off payment.
2.
Review your credit score.
This credit score is the basic determinant whether or not one is considered a good credit risk or who is considered a high-risk borrower.
The credit score also affects how lenders formulate their interest rates as against the creditor.
So a good score means a good financial standing.
3.
When you have your credit report, scrutinize it and compare it with the receipts that one has kept over the period of the report.
Should there be any discrepancy, one needs to submit a formal dispute in order to correct the records.
If one does not dispute the record, then one accepts it and this affects everything else: the credit score and the future financial activity one is able to undertake.
4.
When you have the credit score and the credit history in hand, analyze the particulars of each debt you have.
Compute as to interest rates and minimum payments due for each credit accumulated.
From this listing, one would be able to make a priority list as to payments that would be made and what debts these payments are to be applied.