How Do You Fix Your Credit?

March 24, 2021 | Peyton Sawyer

If you’ve struggled with paying some of your bills in the past, then you probably have a lower credit score than you had hoped for. This can have a huge impact on things that matter most in life, such as renting a new apartment, booking a rental, or buying a car. 

You might be wondering how do you fix your credit and how long it will take before making a difference in your credit score. These are both legitimate questions, and we are going to answer them for you, along with some other tips on how do you fix your credit.

The first step for answering how do you fix your credit is quite simple… review your credit report! This will give you a good idea of what all is being reported and what you need to work on first.

Learn More About How To Fix Your Credit Below:

How to Access Your Credit Report for Free

There are three major credit reporting agencies that most financial agencies use to evaluate an applicant’s financial trustworthiness. These agencies all provide one free copy of your credit report annually.

You can go to each credit reporting agency’s website and ask for your free credit report. Here are the names of all three:

  • Equifax
  • Experian
  • TransUnion

We suggest just asking for one report every three months so that you can keep an eye on any changes. So maybe start with Equifax, then three months later get your free credit report from TransUnion, and so on. 

Credit Scores 

As you probably already know, your credit is determined by a numerical value, hence your credit score. Companies will pull your credit just to see your score and whether or not you meet their minimum requirements. 

This can be a major determining factor when applying for some loans, not necessarily title loans, but things like mortgages and other big purchases. If your score is below 580, then you have a lot of work ahead of you when it comes to how do you fix your credit. 

Although, some simple tricks can have a significant impact on your score. Keep reading to find our top tips on how do you fix your credit! 

How Long Does It Take to Fix Your Credit? 

This will depend on how bad your credit is and how much debt you have. There are plenty of solutions to reduce your debt and start working on repairing your credit. 

Once you can make all your monthly payments on time, then within six months, you should be able to see a considerable difference. However, if you miss just one payment, your score will be reduced again. 

Top Two Tips for Fixing Your Credit Fast 

These tips will require you to make some effort, but we can ensure that all your efforts will be worth it in the long run. 

Tip 1 - Dispute Errors 

Once you have your credit report, look for any errors that might be affecting your overall score. You might find accounts that aren’t actually yours or even a balance paid off that is not reflected on your report. 

Filing a dispute sounds more complicated than it is, but thanks to modern technology, you can do it easily online through the credit reporting agency’s website. Just make sure you have proper documentation to support your dispute. 

Tip 2 - Consolidate Your Debt 

Making a bunch of small payments each month is not going to get you anywhere. In fact, you could end up owing more by the end of the year due to all those high-interest rates. If you still have access to your credit cards, transferring balances to one card can make a big difference. 

However, if you don’t have any credit cards to help you, then considering title loans might be a better alternative. These types of solutions don’t rely on your credit score, and they can provide you with the funds you need immediately to pay off all your debt.  

 

What Is A Car Title Loan? 

Title loans are a way of using your vehicle for collateral instead of relying on your credit score. They are the perfect solution for anybody who has a less than perfect credit profile.

However, title loans are considered to be a short-term solution that can help you when you need access to money quickly. You should not rely on a title loan to solve all your financial worries. 

How Much Money Can A Title Loan Give You? 

Depending on your vehicle’s value and condition, places like Wisconsin Auto Title Loans can give you up to $15,000 for your title loan. 

Get a Utah Title Loan Today!

When looking at ways for how do you fix your credit, you should first figure out where you can access cash quickly to pay off all your high-interest debt. 

Some people choose to get title loans because they don’t rely on your credit report, and they give you access to the funds you need immediately. 

How do you fix your credit? Stop wondering and follow our helpful advice to start to repair it today. At Wisconsin Auto Title Loans, Inc. we can help you get back on track with the quick title loan cash that you need.