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How to Erase Bad Credit Reports

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From Quick Guide: Credit Report Basics

Summary: Erase a bad credit report by monitoring credit reports regularly, trimming expenses, keeping credit card balances low, and always paying bills on time. Dispute items on a credit report that are not accurate with advice from a registered financial consultant in this free video on money management.

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By Patrick Munro
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Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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Video Transcript

"This is financial adviser Patrick Munro talking about how to erase bad credit reports. Well, credit reports exist whether we like them to or not. There are three major financial credit reporting agencies that exist for the benefit of all. And you need to work within that system to develop the highest credit score possible, to enjoy the best credit-granting privileges possible. These three credit report agencies are Experian, TransUnion, and Equifax. And they each have separate scores that are developed around you as an individual. The way to erase bad credit reports is to really monitor your credit reports from these three agencies on a regular basis, and scan down to see that your score is not going backwards rather staying at least the same or growing even higher. The way to make it grow higher is to trim expenses, keep your credit card balances low. Always pay your bills on time, even ahead of time. And if you ever come across a situation that is not to your liking, you can dispute that credit report and send in a letter to do just that and erase bad credit reporting. This is Patrick Munro on talking about how to erase bad credit reports."

eHow Article: How to Erase Bad Credit Reports

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