How to Improve Credit History Fast

The purpose of this article is to help you understand some of the ways to improve your credit history quickly once you find out that you have a bad credit rating.

A Bad Credit History Sets the Stage

A bad credit background is not a trivial matter, it can hurt you again and again. The main problem is that you are forced to conduct your financial transactions on a cash basis almost exclusively.

Some transactions that are going to be very difficult to transact include buying a house, buying a car, getting a bank loan, leasing an apartment or getting a new credit card. Financial transactions such as these will be virtually impossible with a bad credit history. Banks, landlords, and businesses will see your credit report and turn you down. In order to get your life back to normal, you need to improve your credit rating as fast as possible.

Raise Your Credit Rating

Once you're bad credit history is exposed, how can you improve credit history fast? How to begin? There are many options but guess what, you need a good credit rating for most of these options so they are out.

One option is a credit counseling service because they can handle almost any poor credit history. There are two major benefits to using a credit counseling service.

These services are experts at understanding the reasons for your poor credit ratings. Secondly they are experts at suggesting proven ways to begin the process of raising credit scores.

There are millions of people who have had bad credit histories and many of them have used the services of credit counseling services. So don't be ashamed, there is a good chance that your next door neighbor or a family member has used one in the past.

Beware of Collection Agencies

Forgotten debts and missed payments are high on the agenda to be addressed by the credit counseling service. They present significant hurdles in improving your credit rating.

Your creditors have long memories and they will turn your problem over to collection agencies. Collection agencies are tireless at collecting money from you and once they have given up on you, they will further damage your credit history.

From a legal perspective, collection agencies are required to inform you about your outstanding debts. If they cannot track you down due to a change of address or phone number, they have no problem reporting you to the credit bureau unbeknownst to you. Collection agencies are a priority to deal with to improve credit history fast.

Summary

To review, getting your old bills and missing payments up to date is a paramount first step. Next, showing you are responsible by paying your monthly bills on time consistently each month.

For credit cards, you must make the monthly minimum payment or more and if you do not have a credit card, if you can obtain a secured credit pay the monthly minimum on it. Credit couseling services are highly recommended. They help people like you every day and know the ins and out of the credit bureaus and can make many proven suggestions to help.

By: Mark Lauber
Credit:www.superfeature.com