Financial Management You Can Repair Your Credit

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Financial Management
You Can Repair Your Credit
Improve your credit score
Improving your FICO score can help you:
How is my FICO score determined?
Have you paid your bills on time? (35% of your score is based on Payment History)
What is your outstanding debt? (30% of your score is based on Amounts Owed)
How Long Have You Had A Credit History? (15% of your score is based on Length of Credit History)
Have you applied for new credit recently? (10% of your score is based on NEW Credit)
How many and what types of credit accounts do you have? (10% of your score is based on Types of Credit in Use)
You can help yourself to rebuild a better credit record.

  1. If you are having trouble paying a bill, talk to your creditor and make arrangements.
  2. Get a copy of your credit report. You may be eligible for a free report or you may have to pay up to $9 for a copy of one report.
  3. Write to the Credit Reporting agencies and dispute any errors in your report. You will need to correct each report separately.
  4. Accurate negative information generally can be reported for seven years, but there are exceptions
Download Financial Management You Can Repair Your Credit pdf from clark.uwex.edu, 2 pages, 320.93KB.