When applying for a loan, lenders scrutinize your creditreport. Inaccuracies or high utilization can derail approvals. Cleaning your report before applying increases your odds of success.
## Step 1: Pull All Reports
Request reports from Experian, Equifax, and TransUnion. Compare data for consistency.
## Step 2: Dispute Errors
Under the Fair Credit Reporting Act (FCRA), you can challenge inaccurate accounts, late payments, or balances. Provide documentation to support disputes.
## Step 3: Pay Down Utilization
High credit card balances hurt scores. Aim for under 30% utilization across accounts.
## Step 4: Build Positive Trade Lines
Vendor accounts reporting on-time payments strengthen business credit. Even small accounts (office supplies, fuel cards) matter.
## Step 5: Monitor Progress
Check monthly until issues are resolved. Avoid applying until credit stabilizes.
### Example
PAC Consulting helped a construction company denied twice for funding. After disputing inaccuracies and reducing utilization, the owner qualified for a $250K line of credit within three months.
PAC Consulting helps owners nationwide clean credit reports the right way—without shortcuts that hurt credibility. We’ll prepare your profile for lender approval.