by Susan Paige
Recent studies have shown that almost 60% of Americans have a credit score that sits at 700 or higher. These people have credit scores that are in the good, very good, and even excellent categories.
But unfortunately, there are also still quite a few people walking around with credit scores well below 700. In fact, upwards of 20% of people have a credit score under 600, which puts them squarely in the fair and poor credit categories.
If your credit score is a lot lower than you would like it to be, you could benefit from quick credit repair in a big way. You can change your financial future by taking the right steps and repairing your credit score over time.
Check out some great quick credit repair solutions for those looking to get themselves out of debt and restore their credit scores.
Look at Your Credit Report and Dispute Any Errors
Did you know that about 20% of people have at least one error on their credit report? It’s why it’s a great idea for people to take a look at their credit report at least once every year to see if they spot anything that looks amiss.
If you happen to find errors on your credit report, you should dispute them right away so that they stop having a negative impact on your credit score. You have the right to dispute anything that doesn’t look right.
The dispute process can take some time to play out. But it’s well worth the effort on your part.
You may even want to invest in quick credit repair software from a company like DisputeBee to get the job done. It’ll make it easy for you to work your way through the dispute process from start to finish.
Get Back on Track With Paying Your Bills on Time
Most people don’t realize how harmful missed debt payments can be to their credit report. A single missed payment could actually cause your credit score to plummet in a hurry.
If you look at your credit report and find that your score has taken a tumble due to missed payments, it’s important for you to get back to paying your bills on time as quickly as you can. Otherwise, you could watch your credit score fall even more.
If you can’t get back to making payments on time for whatever reason, call your creditors and try to work out a repayment system with them. You’re better off doing that than missing more payments in the future.
Consolidate Your Debt by Taking Out a Personal Loan
Do you have a bunch of different debts that are dragging your credit score down? If so, they might be making it feel like it’ll be impossible to do quick credit repair.
But there is a really simple solution for those who are juggling a bunch of different debts at once. You can use what’s called debt consolidation to get a handle on your debts.
With debt consolidation, you’ll take out one large personal loan to pay down all your individual debts at once. This will often allow you to get access to a lower interest rate and more manageable monthly payments.
Settle Any Outstanding Debts That Have Gone to Collections
Do you have one or two debts hanging over your head that have gone to collections? These are the types of debts that can hurt your credit score for years to come when you don’t do anything about them.
Fortunately, there is a convenient quick credit repair solution that can make them go away. You can touch base with your creditors and try to settle these debts for just a fraction of what you owe on them.
If you owe, say, $10,000 to a creditor, call them and see if they will accept $3,000 today to make the debt go away. Some realize that they might not be able to get anything out of you if they don’t take your offer and will “settle” for less from you.
Try to Qualify for One or Two New Credit Cards
When formulating your credit score, the credit bureaus will take a look at your available credit and use it to help determine your score. If you don’t have any available credit, it could explain why your credit score is so low.
You can bring your available credit up by applying for one or two new credit cards and keeping a $0 balance on them. As long as you don’t add to your debt with the new credit cards, they can work wonders for you.
It’s not always easy to get approved for a credit card when you don’t have great credit. But there are some credit card companies out there that are willing to take chances on those with less-than-perfect credit.
Create a Budget for Yourself and Stick to It From Now On
These quick credit repair solutions are all great ways to increase your credit score and remove debt from your life. But they’re not going to do you much good if you end up getting yourself right back into debt in a year or two.
Once you have your credit score moving in the right direction, sit down and create a budget for yourself. Keep better track of both your income and your spending so that you don’t put yourself into a tough financial spot ever again.
Put These Quick Credit Repair Solutions to the Test
The sad truth is that almost all Americans are in debt. Roughly 80% of Baby Boomers, Generation Xers, and Millenials are carrying around at least some debt.
But it doesn’t have to be this way! When you put the quick credit repair solutions found here to the test, you can eliminate debt and improve your credit report and credit score.
You can also ensure that your financial future is brighter than it looks right now. It all starts with obtaining a copy of your credit report and getting to work.
Read our blog to learn other ways to get rid of any debt that you have at the moment.
So, what do you think ?