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IMPROVE YOUR CREDIT SCORE IN CANADA | EASY STEPS TO BUILD CREDIT | Credit Card Guide Chapter 4

If you just found out how nasty your current credit score is, you may be thinking of ways to how to fix or rehabilitate it, in just a year. The good thins is that there are a number of ways for repairing your credit score quickly. Here s how to repair your credit score in the fastest time frame possible. Go To annualcreditreport.com Next, go to annualcreditreport.com, which is the only authorized Web site of the FTC. From here, you can link to the three major credit bureaus. Credit experts however frown on going to sites like the Free Credit Report, because despite their name, they actually charge monthly fees for their credit monitoring service. While filing for bankruptcy may help an individual get a fresh start, it also has its share of long-term negative effects, especially on their credit score. Here's how bankruptcy can hurt your credit score. Why Bankruptcy Is A Tough Thing To Handle Bankruptcy brings more than sleepless nights and bad dreams for the individual. You can also reduce the number of inquiries you make on your credit score, by going to lenders whom you've already done research on, or show an inclination for doing business with you. By dealing with one lender at a time, only a few creditors will access your credit report, and this helps enhance the credibility of your credit report. Today, a number of accredited credit bureaus gather and sell credit information, which are often stored in large databases, where prospective lenders, employers, insurers, government agencies, courts, and even landlords can easily open up and take a look at their client s files. An individual can also get his or her own credit report from major credit agencies like Experian, Equifax, TransUnion and other small companies that serve regional or local markets. According to the US Fair Credit Reporting Act (FCRA), the major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports. The FCRA therefore, enables you to directly contact these credit reporting agencies, and formally relay your disputes or complaints. 

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