There are two steps to fixing a bad credit rating.

1.Delete negative items from your credit report.

2.Create positive credit building accounts.

Let us look at the second part first because this is much easier. You should open a new credit line and make on time monthly payments. Additionally pay all your current bills on time.

This will create a trail of positive on time payments on your credit report. We suggest an unsecured credit card, however if your credit is severely damaged then you may have to open a secured card.

The second step is removing negative items from your credit report. This is by far the most effective method of raising a low score. If you do not remove these items it will not matter how many positive reporting lines of credit you have because the negative items will continue to lower your score.

Unfortunately there is a lot of inaccurate information that says you can not remove an item from your credit report without waiting seven long years. This is absolutely not true.

The credit bureaus have spent millions of dollars creating this falsehood. The reason they do it is because it costs them time and money to investigate disputes.
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