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How to have regular check-ups on your credit score

In God we trust; all others must pay cash. ~American Saying

Credit repair is not something that you simply do once in a while when your credit rating slips below 620.  Credit repair and credit check-ups need to be part of your overall long-term financial plan.  You need to follow a regular maintenance schedule of checking your credit reports regularly (you can get one free credit report from each of the major credit bureaus every four months, which lets you check your credit for free three times a year). 

Regular check-ups  will ensure that you have not been the victim of identity theft and will help you make sure that your credit has not begun to slip.  Catching errors and problems early can be an excellent long-term way to ensure that you never need intensive credit repair again. 

Your credit should be part of your financial goals because your credit can help you meet your goals.  Good credit can help make loans affordable, and so can help make education, homes, and cars possible. 

In general, you will want to follow at least four steps to better credit scores:

1) Check your credit report and credit scores.  Assess your current situation and make sure to correct any errors on your report by writing to the credit bureaus and to the creditors involved. Immediately report any charges you don’t recognize - these may indicate an error but they might also indicate that you have been the victim of fraud or identity theft.

2) Pay down your debts and pay your bills on time.  Close down the shorter-term loans if you need to.

3) Do all you can to make good financial habits automatic in order to keep your credit rating good.

4) Address particular issues - such as too much debt or a student lifestyle - that you think may be contributing to your low credit rating.

Developing your own plan for credit repair is the most cost-effective and often the most effective way of dealing with bad credit.  It also gives you the tools, knowledge and self-confidence to take control of your finances and ensure that you get the best credit score you can.

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