Repair Your Credit Score

By: Don Tate

Your credit is made up of many factors affecting your credit score. Your credit report will show what affects your score the most with payment history, credit history length, inquires, credit types, and debt to credit ratio. All these areas much be addressed for you to get your credit back on track and have it repaired.

Your payment history makes up 35 of your credit score and is most important. You can remove negative credit history by disputing it to the credit bureaus or having your creditors removing it through negotiation.

Your debt to limit ratio makes up 30 of your credit score. You can improve this by paying down your balances and increasing your credit limits.

Your credit history length is 15 of your credit score. You can become an authorized user on your spouse's accounts and make sure you get a credit account as soon as you are old enough.

Your types of credit makes up 10 of your credit score. Make sure you have a variety of credit types including credit cards, line of credit, auto loan, mortgage if possible, and a merchant store card.

Your inquiries make up 10 of your credit score. Don't apply for new credit unless you need it and if you do apply for multiple things at the same time. Similar credit inquiries will count as just one inquiry if done in a certain amount of time.

You can do all these things at the same time over a period of time to improve your credit score and get the credit you want.

Article Source: http://yourfinance.co.za

About The Author
You can do your own credit repair by using the credit repair guide. You can also hire the best credit repair service in the nation for best results.