The Steps of Repairing and Protecting Your Credit
Your credit history is essentially your financial reputation. Maintaining a good credit history can be the key toward obtaining a mortgage, buying a new car, paying a reasonable insurance rate, and even obtaining a new apartment or job. If your credit history is less than ideal, you are certainly not alone. Many people turn to a credit lawyer for help with repairing their credit history. At a credit report law firm near Ashburn, a credit lawyer can provide expert guidance pertaining to matters such as fixing credit report errors and protecting your credit history from future problems.
Develop a Financial Plan
If you need to repair your credit because of financial problems such as bankruptcy, then developing a financial plan is one of the first steps you should take. Establish a budget that allows you to pay all of your bills on time going forward. If you have missed any payments, you should catch up on them as quickly as possible.
Scrutinize Your Credit Reports
Request a copy of your credit report from each of the three credit bureaus. Under consumer law, you are entitled to a free copy of each of the reports every 12 months. Many credit reports contain errors, including some errors that could adversely affect your credit.
Dispute Any Erroneous Information
If you do find errors in your credit reports, you can bring them to the attention of your credit report attorney. It is possible to notify the three bureaus of the errors yourself. However, it is not always easy for consumers to dispute erroneous information. Let your credit report attorney handle this for you, particularly if the erroneous information resulted from identity theft.
Use Credit Wisely
You can rebuild your credit history by using credit carefully. Depending on your circumstances, you may need to open a secured credit card. Use the card only for purchases that you are able to pay off in full at the end of each month.
Protecting Your Credit
You can reduce your risk of future credit problems by requesting a credit freeze. This restricts certain parties’ access to your credit reports, which can make it more difficult for identity theft to occur. Your credit lawyer can explain how you can request a credit freeze.