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.

The credit bureaus have also created a rumor that credit repair is illegal. This is not true.

Not only is credit repair legal the government has passed laws to protect you and your credit. The Fair Credit Reporting Act passed by Congress says that a listing can only remain on your report for a maximum of seven years. It says nothing about the minimum amount of time a listing must remain.

While it may not be the most ethical to dispute a mark you know is accurate, it is your government protected right. You will never have any legal prosecution, arrests, or monetary fines for disputing a listing.

Also how ethical is it for creditors to charge you outrageous interest rates, late payment fees, and over the credit limit fees. You can have 20 years of good on time payments but once you become delinquent you are hit with the fees.

Often life throws a curve ball such as; illnesses, unemployment, medical bills and more. How ethical is it for you to be punished for a catastrophe for seven long years. You could have been the model customer for 20 years prior.

To summarize you dont just have to live with a low credit score you can remove the negative marks. This will help you raise your score and give you the life that you and your family truly deserve.