How can you rebuild your Credit?

1. Check Credit Report: Your credit report plays a very important to judge your financial standings in the competitive business world. It’s very important that you check your credit report at least once in six months. There are chances that your credit report list debts that do not belong to you. Regular updating of the credit reports can help rectify any error in it thereby resulting in improvement in your credit score.
2. Check Credit Score: Though credit score is just a three digit number but it has great importance in today’s business world. Many money and bank lenders solely depend on your credit score to judge your loan repaying capacity. Every time you check your credit score you’ll receive up to five “score reason credit” These score reasons will tell you how you can improve your credit score.
3. Rectification: In case of errors or flaws in your credit report, fill out the dispute form provided by the credit reporting bureau and inform them about the same. Under federal trade commission law the credit reporting bureau has to get back to you with your rectification within 30 days from the date of the complaint of the dispute. If your dispute results in a change in your credit report you will get a free copy of your credit report with the necessary corrections.
4. Pay all you bills on time: One of the basic requirement for a successful credit is to pay all your balances before the due date. IN case of delayed payment and late fees, your credit health is negatively affected.
5. Avoid unnecessary Inquiries: Avoid unnecessary inquiries as if you have a large number of complaints your creditors might fee that you are applying for too much credit because of financial difficulties or taking more debt than you can repay.

Here you can read about How College Students Can Avoid Having Bad Credit.