If you’re thinking of changing your credit score, the first step is to get some debt information.
This can help you clear up your credit profile.1.
Determine if you’re in default or in debt:This is probably the easiest and most straightforward step.
If you’ve been charged back on your current credit, you can check your credit history and find out if you have any unpaid balances.
If so, you’ll want to report those to the credit bureaus.
If you have no debts and no outstanding debts, you’re likely in default.
You may need to pay a fee to get a credit report, but if you’ve done nothing wrong, you shouldn’t have to pay.
If that’s the case, you probably don’t need to do anything.2.
Find out how much debt you have:If you don’t have a credit card, this can be done online or by phone.
You can also pay your balance with a credit check.
You’ll need to send your information to a credit burer for credit score verification.3.
Get a new credit report:You can get a free credit report from Equifax, Experian, or TransUnion.
If they don’t offer a free version, they will.
The more debt you’ve had, the higher the risk of having credit reports flagged by credit bures.4.
Clear up your debt on your report:If your debt is already in your report, you need to clear it out.
This is a process that’s a bit tricky, but you’ll likely need to submit some forms to get it cleared.
First, you may need a lender to agree to your terms.
They’ll need proof of your income and expenses.
Then, you must submit a copy of your statement with all your debts.
You should be able to send this to the debt burer or credit repair service.
The debt repair service can then process the report.
The next step is for the debt to be removed from your report.
This will usually take a couple of weeks, depending on how serious your debt really is.
Once you’ve cleared the debt from your credit reports, you should be back to business as usual.
It may take a few months to get back to a good score, but it should be worth it.Read next: