Credit Repair Update

A few weeks ago I pulled my credit, and disputed a few items. I did receive the results back from Experian, and I had a couple of things removed completely. I am happy about that. Even having a small inaccuracy removed from your credit report can increase your FICO score.

I will also be sending my April payment to my student loan holder, and they will all be moved to a positive by the end of April. This should greatly increase my FICO score. I will have a car payed off, three student loan accounts, and a secured credit card all on my positive and payed on time. I know that does not sound like a lot to some, but it is a big improvement since last year at this time.

My financial journey is far from over, and I am taking gradual steps. Increasing my FICO score is a very big part of my journey. I am hoping to have a car financed in the next six to eight months, and hopefully have a house in the next year of so. I have to sit down after the baby is born and make a complete plan for mine and his bright future.

Credit Repair

I pulled a copy of my credit report from each credit bureau a couple of days ago. I am actually surprised by how much has been removed from my credit in the last few months. I did not get my FICO score because I am waiting until April. In April my student loans will be moved from a negative to a positive, so I want to know what it will be then.

I will be disputing a couple of other items that are on my report due to inaccuracies, and hopefully have them removed.  The disputing process is fairly easy, and I do not mind taking the time to do it if it is going to help. Since I have began working on my credit report I have had about 7 negative accounts removed from my report. I am now down to 10, which 3 of those will be a positive in April. With those 3 my positive will out weigh my negative accounts.

My secured credit card is already on my credit report, and it is positive. I know it will increase my score due to the fact that it is the most recent, and it is being paid on time. I am trying to keep the amount owed down to half of the available balance because it will make the score even better.

I know that repairing my credit is a process, and will take time. I am on a good path, and feel I will be where I want to be within the next year. I still have three months before the baby is born, so I am putting up every penny I can during that time. After that my focus will be on my baby, and getting our finances on the rite path for both of our futures.