You can't repair a credit score. Credit scores represent the information in your credit report. In order to improve your credit scores you must rehabilitate your credit history, which is reflected in your credit report.
Get a copy of your credit report and review it to see where there are issues that need to be addressed. Take steps to reduce those balances and catch up on late payments and your scores will improve.
A credit score is similar to a grade on a paper in school. The credit report represents the work you have done on the paper and the score represents the grade you receive based on the work. When you get a credit score you should also get the risk factors that describe what from your credit report most affected the score.
Address those factors in your credit report and your scores will improve. Late payments and high credit card balances are the two most common and serious issues that hurt credit scores, but there are many others. The risk factors will help you identify exactly what you need to work on in your unique credit history.
Check out the scope to hear answers to all the questions asked:
Do you have questions about credit?
Join our live video chat every Tuesday and Thursday at 2:30 p.m. ET on Periscope. Rod Griffin, Director of Public Education at Experian, is available to answer your questions live.
Scoped on: 08/11/2016
Want to instantly increase your credit score? Experian Boost™ will be available in early 2019 and helps by giving you extra credit for the utility and mobile phone bills you're already paying. Until now, those payments did not positively impact your score.
This service will be completely free and can boost your credit score fast by using your own positive payment history. It can also help those with poor or limited credit situations. Other services such as credit repair may cost you up to thousands and only help remove inaccuracies from your credit report.