I first looked to see if there were inaccuracies on my report.
Long and behold, there was a collection account that I paid off that was never reported as “settled for less than full amount.” I called the collection agency and brought this to their attention.
I thought it would be a nightmare to get this fixed, but they were surprisingly prompt in rectifying this situation.
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I eventually made payment arrangements with my creditors and negotiated a settlement for those that were in collections, but the damage was already done. I was in the low 700s and my credit score was in the 550 range.It was the first time I’ve seen score go down this much, and I thought my life was ruined. Homeowners insurance obviously covered the damage, but I was responsible for paying for the damage upfront since the insurance check would come weeks after.When life throws us an unexpected curveball, sometimes we all need a little help.Our first instinct tell us to get a payday loan, but we all know that this is a huge mistake.
The first step I took was to get a free copy of my credit report at Annual Credit Report.
You’re allowed one copy from each bureau once a year.