Mr. Steve Bucci with Scripps News’ Debt Adviser really hits the nail on the head with his advice to a forlorn, wannabe homeowner:

http://www.scrippsnews.com/node/43990

Sometimes at Veracity, we find information like this that can’t be said better ourselves. Like Veracity, much of what Mr. Bucci preaches is common sense and strong money-management. By managing money wisely and saving money whenever the chance arises, consumers can almost take the guess-work out of credit repair by avoiding it entirely.

However, Mr. Bucci and Veracity Credit Consultants both understand that saving money and adhering to a budget aren’t always the easiest things to do. When you find yourself getting into credit trouble, we like Mr. Bucci’s advice once again:

Keep paying down your debt based on your budget, and that alone will help you repair your credit. Paying your bills on time makes up 35 percent of your FICO score.

What he says is true. Although there are several elements to a credit score, payment history is the most important factor in your credit report. By following Mr. Bucci’s advice, you are essentially proving to lenders that you are a reliable borrower who pays their debts on time.

It is clear that Mr. Bucci knows his stuff when he gives this piece of advice, as well:

As you know, you can’t erase any of the accurate negative information on your credit report such as your bankruptcy. But each time that new positive data is reported to your credit file, your negative history will count for less. In addition, you still can make sure that all items that are on your report are accurate and not out of date. Get a free copy of your credit report from Annualcreditreport.com. If you don’t recognize a negative entry in your file or it’s over seven years old, dispute it with the bureau or the lender reporting the item.

At Veracity, we help you contact the right people and take the proper avenues in getting erroneous information removed from your credit report. We also support AnnualCreditReport.com as the only place where you can receive a yearly, free, credit report (although companies like Equifax also offer free credit reports when you enroll in credit monitoring, which can help you keep track of your progress when repairing your credit).

In the end, though, Mr. Bucci’s advice toward frugal living and endless saving is the best piece of advice when it comes to credit repair. Not only will this help keep balances low, but it will give you an extra boost when you finally find that home you’ve been looking for. And if you keep your credit optimized, you’ll find the best rates to go with it, too!