| Many people have a poor credit score but only a small | | | | You may have to find a second job or other source |
| percentage of them actually sit down and devise a | | | | of income to reduce the debt. Cutting down |
| plan to fix their credit problem. Do nothing and that is | | | | unnecessary expenses will greatly help too. |
| exactly what you get. Nothing! | | | | For each problem you identify, you should come up |
| If you have a poor credit score, don't blame anyone. | | | | with at least one possible solution. |
| Instead, take the responsibility now and develop an | | | | 3. Take action immediately |
| action plan. Here are a few steps you can take right | | | | Once you identify the causes and solutions, devise an |
| away: | | | | action plan immediately. For each possible solution, put |
| 1. Identify the causes | | | | in a deadline and a reward. Whenever you complete |
| First of all, you need to identify where your problems | | | | the task before the deadline, reward yourself for a job |
| lie. Order your credit reports from each of the three | | | | well done. The reward should not cost you too much |
| major credit bureaus. Read each report and note | | | | money. |
| down all the negative records. These include late | | | | If you have problems working out a plan, you can seek |
| payments, unpaid bills, too much debt and so forth. In | | | | professional help from non-profit credit counseling |
| addition, look for erroneous records such as misspelling | | | | organizations. They have experienced staffs who can |
| of your name and address. You should be able to see | | | | work with you to help you develop a personalized |
| what your problems are after reading your reports. | | | | strategy that expressly addresses your credit |
| 2. Identify possible solutions | | | | problems. |
| Once you understand what your problems are, you | | | | Your credit score is important to your financial health, |
| can start researching for possible solutions. Some | | | | so it is worth your efforts to try and get it fix as |
| problems are quite easy to fix. These include | | | | quickly as possible. As you put your plan into action, |
| erroneous records such as misspelled name or invalid | | | | you will inevitably face some setbacks or interruptions. |
| social security number. You can write in or call up the | | | | Try your best to stay focus and continue to work on |
| credit bureaus and ask them to fix the errors. | | | | the plan. Fine tune your efforts based on the results |
| If you notice your debt is too big to manage, you may | | | | you received. Your credit score will bound to go up as |
| want to pay down your debt as soon as possible. | | | | you continue to work your plan. |
| Fixing a debt problem required more time and effort. | | | | |