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How can I fix my credit if I don’t know what’s wrong with it?

QuestionsCategory: Credit Score / ReportHow can I fix my credit if I don’t know what’s wrong with it?
Elena R. asked 3 years ago

I have had good credit my whole life, but I just applied for a new line of credit and was denied. I was shocked to hear from the lender that my credit score was not good enough to meet their standards. I am looking for some advice on how can I fix my credit if I don’t even know what’s wrong with it? Is there anyone who can fix my credit for me?

1 Answers
Eddie L. answered 3 years ago

When it comes to personal finance, surprises are never usually a good thing. Because finances are such an important part of your everyday life you should always be aware of where they stand. This means checking your credit reports and scores at least once every 4 months to double check your reports are accurate and up to date. You can request one free copy of your credit report from each of the three major credit bureaus (Equifax, Experian and TransUnion) once a year by going to

There are companies that help fix credit, or at least they claim to, but more often than not they tend to be scams. These credit repair companies, as they’re called, charge you a fee to fix credit report errors for you, but there is no guarantee that they can. Unfortunately, most of the time people spend more money without feeling like they got what they paid for. On the bright side, once you have your credit reports in hand, you can look them over for inaccuracies. If you do find an error you can report it yourself directly to the credit bureau that issued the report and, governed by law, they must resolve the issue and get back to you within 30-45 days. If the credit bureau does in fact deem the information to be incorrect, they will update it and your credit score will reflect the changes. This is probably the quickest and easiest way to fix your credit score. At the end of the day, if you are asking yourself “how do I fix bad credit?” this should be your first stop on the credit improvement path. Especially if you do not know why your credit is low or if you don’t even know where your credit stands. Additionally, there are plenty of resources and experts out there to help you along the way. Keep in mind that repairing credit is a very individualized process and you need a personalized and organized plan of action to get started.