Reviewing your credit report and score.

Reviewing your credit report and score:

When you receive your credit report, look for your credit score. You don't want to have any score under
600. The goal is to have a credit score of at least 650 to 720 or higher.

Credit report symbols:

O = Open (entire amount due each month) example: American Express
R = Revolving (payment amount variable) example: Visa or Mastercard
I = Installment (fixed amount of payments) example: Auto Loan

0 = Approved, no rating
1 = Paid as agreed
2 = 30 + days late
3 = 60 + days late
4 = 90 + days late
5 = 120 + days late
7 = Making regular payments
8 = Repossession
9 = Charged off to bad credit

J = Joint
I = Individual
U = Undesignated
A = Authorized User
T = Terminated
M = Maker
C = Co-Signer
B = On behalf of another
S = Shared

Highlight all negative information on each credit report and keep in mind that each item may be different
on the three reports.

The most damaging items that are found on your report are: (listed in descending order)

Foreclosure
Bankruptcy
Repossession
Loan Default
Judgment
Collections
Past Due Payments
Late Payments
Rejections
Inquiries

You should try to dispute everything that's negative on your report without exceptions and always shoot
for a complete deletion. At first, refrain from challenging items within a collection listing such as a charge
off, judgment, foreclosure, repossession, settled accounts or bankruptcy (unless it's reported incorrectly).
Such accounts are very easy for credit bureaus to verify.