How to Repair Credit ASAP
- 1). Get reports from all three of the major credit reporting bureaus: Experian, TransUnion and Equifax. You can order these from the bureaus directly or use a third party service.
- 2). Note any unresolved adverse actions, such as accounts sent to collections or outstanding late payments.
- 3). Contact the creditors on those adverse actions and resolve the debt. Insist on getting a fax or email saying you've done so the same day as you make the first payment.
- 4). Make as large a payment as possible on any credit cards that are maxed out. Credit card balances at or near your spending limit seriously reduce your rating.
- 5). Set up automatic bill pay with your bank, a service many banks offer for free. This will automate the process of paying bills on time, increasing your credit rating incrementally with each passing month.
- 6). Begin building habits of healthy spending and on time payments. While the steps above will patch your credit temporarily, only solid habits will build a strong credit history over time.
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