Because you ve settled with your former creditor for an amount less than what you actually owe them, the creditor eventually reports the remaining balance which you weren t able to pay, to the credit reporting agencies, and this will get noted in your credit report as a deficiency balance . If you have debts with former creditors, make sure that you work out a full settlement with them, and guarantee that what s accomplished between you and your creditor does not get reported elsewhere. Pay-Off A Sizable Amount of Your Current Debts In order to build a good credit score, pay-off a sizable portion of your current debt load, since the more available credit you have, the more will your credit rating improve. Also have a considerable savings and checking account, as well as learn to regulate it too. By keeping your card s charge levels low and manageable, you re actually showing restraint and responsibility, and you re keeping your credit score high as well. Stick To Your Budgets The best way for steering clear of mounting credit card debt, is by drafting a budget that s consistent with spending within your budget. Unpaid Medical Bills Can Affect Your Credit Rating Unpaid medical bills can do a lot of damage to your credit score. Once these are turned over to a collection agency, the bad news will certainly be circulated aorund the lending community. Non-Payment Of Apartment Rentals Defaulting on your apartment rental payments can also add to your credit rating woes. In sending disputes by mail, find the agency s official mailing address, which is usually located near the end of your report, and include your name and address, report number, as well as the account numbers you re disputing. Once you receive a copy of your credit report from any agency, the agency is normally given 45 days to send the results of your dispute. Here are 5 helpful tips for interpreting and evaluating your business credit report. Payment History When evaluating your payment history, check out if your payment history is correct and accurate. Paying within the terms set by your suppliers and creditors may be a very nice ay for creating a positive business credit profile.