Americans are affected by the millions with bad credit.
It's nothing to be embarrassed about but it is a situation that causes financial headaches.
A low credit score indicates to lenders that you are a financial risk.
They see the late payments, loan defaults, and any other negative items that hurt you scores.
Living with bad credit can make your life difficult.
Thankfully you can take steps to get your credit scores where they need to be.
It is important to understand that you credit scores are ever changing.
Therefore you can actively make a difference.
Whether positive or negative items are reported to the credit bureaus is entirely up to you.
Begin by reviewing you reports for inaccuracies.
You have the legal right to dispute any item that you know is incorrect.
The credit bureaus must investigate your claims and they will be corrected or removed if they can't be proved.
Depending on how many items are removed this can have a very positive effect on your credit ratings.
Adding new positive items is essential.
Paying your bills on time is the single most important step you can take.
This amounts for 35% of your score.
Creditors report monthly, so by taking this action you will begin adding positive items quickly.
Do not abuse credit cards.
Try to pay them down.
Get out of the cycle of overusing your cards.
Your credit score can be changed for the better if you take action.
A credit repair company will be able to help you with the disputes and they will save you a lot of time.
However you choose to rebuild your credit you must start living more responsibly today.