Regardless of your record or history, there are a number of quick
& easy steps you can take towards credit repair. It’s never too
late, and costs nothing, yet the results can be huge!

The first step is to get copies of your credit report, read them,
and understand them. There are three credit reporting agencies, and
there can be differences in your file between them.

By law, consumers are entitled to one free credit report from each
of the these agencies, TransUnion, Experian, and Equifax. You can
get one from each agency, each year.

There is a website set up by the FTC (Federal Trade Commission)
specifically for this purpose: annualcreditreport.com. Be leery of
any other sites claiming free credit reports - there will be
strings & fees attached.

You can begin your credit repair efforts once you have your reports
in hand. You will want to go through them carefully, line by line.

These reports will either include a “dispute” form, or give you a
web address to get them. This is the key where you will begin to
fix your credit.

Make a note of each and every entry that is either incorrect,
outdated, or inaccurate. For each of these, you will be filing a
dispute. You will want to list why the entry should be removed,
such as a debt that has already been paid but hasn’t yet been
removed.

Each credit reporting agency has up to 30 days to either verify the
information, or they must remove it by law. Even if the information
is accurate, if they don’t verify it in time, it gets removed.

With just this simple step, some of these negative entries will be
removed from your credit report. They will no longer contribute to
a low credit score, and your score will immediately go up -
sometimes by hundreds of points!

Technorati Tags: fix bad credit

Sponsors:

This entry was posted on Wednesday, May 27th, 2009 at 5:14 am and
is filed under fix bad credit. 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.