Most people never think about their credit scores until it is to
late. I had a friend by the name of Julia who completed an
application for an apartment. Terminated her lease on the old
apartment, and was days away from moving in. Then the phone rang!
The apartment complex rejected her application due to her credit.

Julia called stressing out. She had know idea how to handle this
unfortunate situation. I explained to her that, “The Fair Credit
Reporting Act” allowed every American one copy of their report per
year. After pulling her report Julia was shocked to find that not
one of the negative marks on her report belonged to her.

I explained to Julia that the next step was to make sure that we
identified each negative ding on her credit report. Once all
negative marks have been identified, I advised Julia to go through
her records and try to find any proof that would show that these
were errors on her report.

After a few days Julia was ready to write her letter of dispute and
submit it. This is the part of the process where most people go
wrong. You must mail your letter of dispute via certified mail.
This will be the only proof of the time and date in which you
mailed your dispute claims.

It is crucial that you do not neglect the aforementioned step. If
you do it could cost you in the long run. The credit bureaus have
30 days to investigate your claims. If they fail to do so during
that time according to the law they must remove the marks in
question. It is you that must have proof.

I hope that I got my point across in this article. I want you to
understand that you are entitled to a free credit bureau report. I
decided to share this information by sharing a real life story of a
close friend of mine. However I strongly advise that you continue
to educate yourself on the credit repair process.

Technorati Tags: Credit Repair

This entry was posted on Sunday, April 19th, 2009 at 6:18 am and is
filed under Credit Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.