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How do I Get Bad Credit Removed from my Credit File?

The question of how to remove bad credit from a credit file is a very common and understandable question. This is because you may be unable to get new credit for a car or for a home if you have bad credit on your credit file. In some cases you may not be able to get something as small as a wireless phone. Although bad credit that is legitimate will stay on your credit file, there are ways in which you can clean up your file so that you can obtain that much needed credit that will make your future all it can be.

First of all, you need to make sure you get any disputed records cleared up. If you feel that a credit has listed a delinquent account on your credit file unfairly, you should get in contact with them and ask them why the information that was reported on your credit file was incorrect. You must then ask for the issue to be rectified. If you do not like their solution to the problem or they do not offer a solution at all, you can contact the Banking and Financial Services Ombudsman. You can find their website at www.bfso.org.au. You can also contact the Telecommunications Industry Ombudsman. From there, you should be able to solve your problem.

If the bad credit on your credit file is legitimate, your next step is to simply improve your credit. This is done by using credit as frequently as you can and making timely payments. Over time, the timely payments will outweigh those things which are bad on your credit file. This doesn't mean you have to spend every ounce of available credit you have. Doing this could result in you becoming financially unstable. Instead, charge items such as groceries and various other expenses onto a credit card and pay off the entire balance each month. This will help you achieve the repayment history that you need to make your credit file more satisfactory in the eyes of creditors.

If you find it difficult to pay your bills on time, you can employ the assistance of a family member or a friend to oversee that you are making your payments on time. Simply provide them with a list of your monthly expenses and their due dates. When the due date is nearing, your friend or family member can remind you that your payment is due. This will help you get organized. If you need more organization, you can try financial counselors. You can visit the website www.afccra.org to learn more about counseling. This will help you to distinguish the legitimate programs from those that are not legitimate.

All-in-all, removing bad credit from your credit file is possible. However, the bad credit being removed must be placed upon there by mistake. If it is not there by mistake, then you can take steps to repair your credit so that the good will far outweigh the bad.

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