In order to fix a credit report you need to know what’s on your credit report first, right? So, first things first you need a credit report from all three credit bureaus – TransUnion, Equifax, and Experian. The law states that every person is entitled to a free copy of their credit files once per year, however, many people opt for an online credit monitoring and credit reporting service in order to keep them up to date with their credit report.Now, once you’ve got your credit files in front of you you’re going to want to look for outstanding debts other wise known as unpaid collections. You may have had one of these ugly stains on your credit report for months or even years and not known it if you haven’t been monitoring your credit reports.It’s extremely important to get those negative debts off of there and fix a credit report in order to increase your score and get it on the road to recovery.Why is having a good credit score important? Well, first of all you need one in order to get loans to buy property, cars, or other big ticket items. Also, a good credit score lowers your interest rates and allows you higher credit limits with your credit cards or new lines of credit.Did you realize that some employers and insurance companies will want to run a credit check on you when you apply for a job or apply for insurance? It’s that important. Don’t worry if you have a low credit score though, you can fix a credit report and slowly repair your credit.It’s extremely important to pay your bills on time and not take on any debts that you can’t afford. Timely repayment of debt is a large factor in your credit score. Also, keeping your debt ratio low is another very important idea. Don’t max out those credit cards unless you can pay down the balance right away or soon thereafter.It’s imperative that we get those collections off of your credit files. If it’s a fraudulent and inaccurate collection that does not legitimately belong to you then you can contest this fact and lobby to have it removed from your report. You can do this by writing all three bureaus and explaining the facts or you can enlist the help of a professional credit repair service to fix it for you.Getting professional help may be your only option if you don’t understand what to do or are just not comfortable doing it all on your own.Even when your credit report is fixed it will take some time for your credit score to improve. That’s the way the system works. It’s all about slowly building a good credit history and proving to lenders that you’re a good risk. Some people want immediate gratification, however that is unlikely, it took months to lower your score and it’s going to take a few months to raise your score as well. There is no magic wand approach to fix a credit report.