These are of No Affection to Your Credit Score II

Supporting children and alimony

It will not affect your credit score by supporting children or alimony. But if you fall behind on your payments and a collection agency involves your credit score will drop. You may even be arrested and sued for the payments you missed as a result.

Mobile phone payment and utility

Many utility service and mobile phone providers will check your credit score before giving you service. However these business providers do not send your payment information to credit bureaus as insurance companies. The timely payments on your utility or mobile phone bills will not affect your credit score at all. Anyway do not let your account becomes past due, because it may hurt your credit score when it is passed on to a collection agency.

Rental trade

Since the rental payment line does not affect FICO score, it will not help your credit score by paying your rent on time. But your credit score will drop if you fall behind on your rent, which will affect your ability to rent or get credit cards and loans.

Checking your credit report

Whenever you want to check your credit report you can go ahead and it will not hurt your credit score. The credit bureaus, FICO, or a legitimate third-party will allow your doing this all the time. Your credit score may be hurt if you let a lender check your credit score.

These are of No Affection to Your Credit Score I

These are of No Affection to Your Credit Score II

These are of No Affection to Your Credit Score III

Some Credit Repair Tips

Work toward a better credit score with these credit repair tips.

1.  Do what you are affordable. Keep your accounts in good standing with current status by making timely payments on and avoid being sacrificed.

2.  Clear your disputes during a period of time. Just put one dispute in each letter and space out your disputes if you will dispute several items on your credit report. It will make your dispute with no sense by a list of too many disputes.

3.  Find out the reason hurt your credit score. In order to avoid making mistakes you should learn the things that will have a negative affection on your credit score.

4.  Do not be depressed by dropping score. You credit score may be down unexpectedly while you are going through credit repair procession. Go on adding positive information to your credit report to let your credit score improve over time for the dropping score does not mean you have done something wrong.

5.  Try consumer credit counseling. The creditors may not work with you to help come up with a payment plan on your own because of overwhelming debts. In order to get your credit score back on track, you can then turn to consumer credit counseling.

6.  File as soon as possible if you cannot avoid bankruptcy. If no strategies are working, file bankruptcy at once to get back on track. Make effort to reestablish your life if it is necessary to file bankruptcy.

Get High Balance Below Your Account Limitation

Another big factor called credit utilization will affect you credit score as large as 30 percent, which is a ratio that compares your total debt to total credit. The balance will hurt your credit score directly depends on whether it is high or low. If you have maxed out credit cards, you will need to spend a big fee for the score points. Get high balance below your account limitation and then pay the whole balance off. If the balance is less than 30% (10% is even great) of the credit limit, you will have better credit score.

Your Credit Score Affects the Loan Balances

Your credit score will be affected by your loan balances. Your current loan balance will be compared to the original loan amount by credit score calculation. The loan balance will hurt your credit score much if it is very closer to the original amount you borrowed. In order to downgrade the impact on your credit score, you have to be focus on paying down credit card balance soon.

High Balances and Past Due Accounts

You have to prioritize where you spend your money because each month you will have a limited amount of money to put toward credit repair. Get as many of the accounts that are in danger of becoming past due as possible and work on bringing down your credit card balances. Finally take care of the accounts that have already been charged-off or sent to a collection agency and deal with them via regular ways.

Resolve Your Due Accounts’ Status

The most important factor that impacts your credit score is your payment history, which will take 35 percent of your score. If you have several past due accounts on your credit which will affect your score significantly because your payment history is a large part of the credit score. Make effort to let all your past due accounts reported as “current” or at least “paid.” because it is much important to take care of the payment history for your credit repair.

Check the current on your accounts that are past due which are not yet charged-off. One your payment is 180 days past due with your account, it is the worst thing as charge-off.

Pay the total amount that’s less than 180 days past due so you will save from charged-off even your accounts are delinquent. Be known that the further behind you are, the higher your catch up payment will be. The creditors may help to waive some of the latest penalties or spread the past due balance over few payments, so, in order to figure out what you can do to get back current, contact your creditor as soon as possible. Ask them for help and let them know how you are anxious to avoid charge-off. It is better to talk to your creditors and negotiate with them so that you will have opportunity to re-age your account to show your payments as current rather than delinquent.

Make payment to your accounts that’s already charged-off as soon as you can. You are always responsible for a charged-off balance with your accounts. If it takes too long and become older, charge-offs will affect your credit score heavily and so it will be much hard or even impossible to get approved for new credit and loans for you in the future.

When the account balance become zero which means it is paid, you should have your charge-off paid in full and the credit report has been updated already. Anyways the charge-off statues will continue to be reported for 7 years from the date of charge off. Beware that if the creditor agrees to accept a settlement and cancel the rest of the debt, you will be able to settle charge-offs for less than the original balance which is a good option. Also The settlement status will go on your credit report and stay for seven years. Sometimes you are able to convince the creditor to delete charge-off status from your credit report in exchange for payment, but it is not that easy. However, paying your charge-off and getting a favorable account status is an added bonus to you.

Keep an eye on with your collection accounts. If the accounts have been charged-off or fallen behind for some months they will be sent to a collection agency and added to your credit. They will be sent to a collection agency even if the accounts are not normally listed on your credit.

The collection will keep with your credit report for 7 years based on the original delinquency. However, you can pay in full and even try to pay to delete in the process or you can settle the amount for less than the balance due if you are approach to paying collections for charge-offs.

Credit Report Errors Dispute

If you think that your credit report is not accurate, incomplete or it is not verified yet, you can dispute the information as you want. You will receive instructions about how to dispute it when you make an order to the credit report. You can make dispute online or over the phone and through the mail as you need.

Dispute Credit Repair with Best Method

It is better to take a screenshots of your dispute. You do not have paper trail if you just dispute credit repair online or over the phone though it is a litter fast and easy. Send the proof for example a cancelled check showing you make your payment on time to support your dispute. Keep the copy of the dispute letter as a record. Then you will wait 30-45 days to wait for investigate and respond to your dispute from the credit bureaus. It is good to keep a credit report dispute template, which you will be able to modify in different disputes from the three credit bureaus.

Dispute Sending

You’d better send a copy of your credit report that will be an important proof to support your dispute when you are going to send your dispute to bureaus. The credit bureau may not process and decline to investigate the dispute or update your credit report if you do not provide enough information about your dispute. When you have sent a legitimate dispute, the investigation will be conducted soon and the credit bureau will respond you as schedule.

Credit Bureau Dispute Alternative

When it is necessary you can also send the disputes directly to the bank or business that listed the information on your credit report. Because they have the same legal obligation as you to investigate your dispute and remove inaccurate, incomplete, unverifiable information from your credit report. It is also an important way to approach the investigation.

What Will Change after Dispute

The bureau will make the change and alert the updated credit report to other credit bureaus if the dispute is successfully investigated. You will receive the updated copy of your credit report and you will be able to add a personal statement to it. When a business manually reviews your credit report, the personal statements will help to give additional insight into your dispute though it won’t affect your credit score.

Review Errors for Your Credit Reports

Read your credit reports completely since you have it. It may be as long as several pages if you have a long credit history. Do not let all the information bother you while you are reading the credit reports. If you are checking it yourself for the first time you should have a lot to digest. If necessary read the credit reports with some days and review them carefully.

Taking a Look at Your Credit Report

Read each of your credit reports carefully and become familiar with that information. Even the information is not from the same bureaus you will find that they all look similar. The information will contains as below:
your personal identifying information, each of your accounts with detailed histories, the items that have been put in public record like bankruptcy, and your credit report inquires that already made.

Make Decision Which to Repair

You are going to repair the information necessary as below:
1, incorrect information like accounts that are not belong to you, payments that were not made by yourself recently, etc.
2, the due accounts that delayed to be charged off, or sent to the collections.
3, over the credit limitation with allowed accounts.

Mark each type of the information with color highlighters in order to make a credit repair plan easily. When you are ready to make a payment, call a creditor or send a letter, read the credit report carefully again to help you save time and money.