What is on a Credit Report? (cont.)
Contributed by Rachel s Pickett
Paying Your Bills on Time Can Improve Your Credit
Sometimes monthly bills can appear on your credit report. It is important to pay your bills early or on time each month. Falling behind in payments can be detrimental to your credit, your reputation with the lending company, and ultimately hurt your credit score. If you cannot pay your monthly bills in full it is best to contact the lending company. Most credit lenders would like to help you repay your credit, even if it takes longer than planned.
Usually you can work out a lowered payment schedule for a period of time or until you can resume make full payments. Paying your bills on time each month will show lenders that you are responsible with credit.
Understanding Your Credit Report
It is recommended that you check your credit report once ever four to six months, or upon the application of credit. You should understand all liabilities in your credit report and they should be accurate. If you do not understand your credit report, or if it contains discrepancies you should call the credit reporting company you obtained your credit report from. Most credit reporting agencies have a customer service telephone number that you can call, usually toll free, to have any of your questions answered.
