Credit Reports - What You Need To Know - 2

I have found that many companies will fight just as hard to keep wrong information on your credit report as they will to keep something on your credit report that you actually did.

Every year I get 3 to 8 items put on my credit report that do not belong there, of course they are all bad. So every time before I want to use my credit I have to contact the credit reporting agencies and have them removed.

One thing you will want to do is make sure your payments are made on time. I have an automatic payments set up to all my credit card companies as soon as I put something on my credit cards, or my line of credit I start my automatic payments.

I send out two small payments each month. This will guarantee that I will never get a late charge, and never have a late payment. Then when the bill comes if I have the money then I pay off the card at the end of the month and stop the automatic payments.

It is a little extra trouble but it is worth the extra effort because my credit card companies are continually posting payments late, and not getting it applied to the right account.

If you send in one payment close to the time it is due its just a matter of time until something goes wrong and they report you as having a late payment.

Once they report you they will never remove that late payment from your credit, even if it was their fault.

These are the 3 credit companies that you need to check:

http://www.experian.com/
http://www.transunion.com/
http://www.equifax.com/