Credit Repair The Fast And Easy Way

[falanlar 0]

Credit repair is not an elusive secret that only the credit repair company advertises its services around the country hold the key to unlocking. Once you know what to repair your credit and calculating your credit score, you can use the same steps that would take a credit repair company to fix your bad credit or you run your credit score. Do not think it is a hard process to learn either. With a simple review of what you pull your credit score down, and maybe a phone call, you can usually be on the road to credit repair – all on your own.

DIY Credit Repair

The first stop on your mission to repair our credit is by pulling one of each of your credit reports from the three credit reporting agencies (TransUnion, Experian, and Equifax). The great news is two-fold because you are entitled to one free credit report per year (from each agency) and if you have been denied credit, you are due another free credit report. So far, easy. Once you get the credit report, look for the area (usually one of the first sections on the credit report that says “negative items” or “potentially negative items”). This is the area on your credit report that lists late payments, collection accounts and other items that are dragging your credit score down. Again, this information is easy to find because the credit report marks it for you. Do not stop with the negative items, but this is the primary spot to focus your efforts. Go line by line on each credit report and verify that the information listed on each report is accurate and correct. If anything is inaccurate, highlight or mark it somehow. This information may be your personal contact information or it may be listed in the regular account listings.

Then What?

After you perform the information gathering portion of your credit repair mission, you are ready to move on to taking some action steps in getting this inaccurate information corrected, turning negative items into positive ones, and ultimately boosting your credit score. Look for the dispute process that each credit reporting agency supplies on the credit report. You can typically dispute items by phone, online, or by regular mail. Typically, this starts with you writing a letter that lists the inaccurate items and describes the reason for its inaccuracy. The bureaus perform an investigation and within 30 days, inaccurate items are removed from your report. The rest of DIY credit repair entails contacting your negative account holders to work out payment arrangements, a payoff, or some way of turning the blemish into a positive on your credit report.

Source : http://hhowtogetaloans.blogspot.com/2010/0...d-easy-way.html