Fixing credit history is not very difficult if you have the commitment to do it and also the presence of mind to use some of the strategies that are often forgotten by credit card customers. There are quite a few such tips and tricks that you can follow in order to improve your credit history.
A lender, with whom you have a long standing history, can be requested in writing to forgive that one odd late payment that you have made in the last year or so. This goodwill adjustment, which results in your missed payment not being reported to the credit bureau will help you rack up a few more points on your credit score, especially when getting an excellent credit rating is very difficult and important too.
It is quite possible that you missed a bill payment because you were in a long standing dispute with the credit card company over some fraud transactions or because your phone bill came out to be a lot more than what you had anticipated due to error prone billing. While you wait to clear the dispute, your credit rating would have suffered as the credit bureaus will only look at it as a delay in bill payment. However, if you have the time and patience for it, you can pull out these negatives and dispute them so that your credit history improves and you score some more points on the FICO score. You can do it just as well as many consultancy firms claim they will. But spending money on them is not really advisable.
A lot of times, you might wonder why your credit score is less, even though you have been careful and making all the bill payments at the right time. Well, it might not always be your fault that your credit rating is so low. On the contrary it could be a mistake from the credit reporting store or lender. The things which often are error prone dragging down your credit score include late payments, charge-offs and negative information which isn't really yours. Sometimes credit limits too are reported less than what they actually are. Outdated information about your address or your name not spelled properly can also lead to getting negative points or losing out on points. Therefore studying your credit report in detail will help you improve your credit score.