Improving Your Credit Score versus Credit Repair

Improving your credit score takes time, effort, and a plan. There is no quick fix, but with financially responsible behavior, you can improve your credit score. But let’s not confuse improving your credit score with credit repair. In fact, when it comes to credit repair companies, it’s buyer beware.

According to the Federal Trade Commission, advertisements that make claims like “We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever” and “We can erase your bad credit – 100% guaranteed” are making false claims.

So, what can you do to improve your credit score? Here are a few quick tips to help you on your journey to improve your credit:

3 steps you can take to proactively improve your credit: 

• Get copies of your credit reports and make sure that the information is correct. If there is incorrect information on a credit report, tell the reporting company in writing what information you believe is incorrect and include any supporting documents.
• Pay your bills on time. This includes your monthly rental payments.
• Pay off your debts rather than moving them around.

RentReporters is here to help people change the course of their financial future based on consistent, responsible financial behaviors. As a rent payment reporting agency, we are enabling renters like you who may have no or low credit scores, as well as those who already have good or excellent scores, to proactively impact these scores. We do this simply by having monthly rent payments automatically reported to the major credit bureaus. This, along with our educational initiatives and transparent processes and customer service, creates a clear path for consumers to access and manage appropriate credit.