How Do I Get Good Credit?
Negative credit is when you do not live up to your contractual obligations, due to, for example:
- Fiscal missteps – the most common cause of negative credit, caused by actions often originated by you, i.e. late payments
- Errors – incorrect information reported
- Fraud – occurs when someone else uses your social security number on a credit application
- Abuses – a subset of fiscal missteps, usually occur when people spend too much money and do not have enough to cover the bills
EASIER items to have removed:
- Items older than two years
- Discharged bankruptcies
- Charge-offs
- Inquiries
- Repossessions
- Late Payments
- Accounts that were late but are now paid off
MORE DIFFICULT items to have removed:
- Accounts that are currently past due
- Recent bankruptcies
- Judgments
- IRS or state tax liens
- Current collection accounts
