Credit repair - How to do it yourself
There isn't one person out there that has never experienced a bad credit mark. Yes, some people have a larger list of bad marks than others, every one of us is in one of just a few possible places with regard to bad credit marks. Your reports are either perfect / nearly perfect, or they need some help fast, or they are shot to hell, and credit is a thing of the past.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
When it comes to removing unwanted marks, there are no guarantees. However with a little knowledge and practice of some proven tactics you will be pleasantly surprised at what you can accomplish. Don't underestimate the power of improving your credit reports. The savings on interest over your life time can be in the millions.
The first thing you need to do is order all of your credit reports. This requires an online free credit report service or a written request to Experian, Trans-union and Equifax. So step 1 is simply order your reports. Step two is to go through them with a fine tooth comb and sort out the good credit from the bad credit. Once this is done your next objective is to challenge the accuracy of the mark. Common sense most be used in this step, consider the type of blemish and the likeliness of a favorable outcome.
Again simple common sense tells us that if its a large unpaid recent debt, then someone will likely respond and they are likely to call you as well. This call should be welcome, it's a chance to negotiate the debt pay it, and then re-challenge the accuracy of the information. (Follow me here.)
Ideally you want your bad mark to be at a point where there is no reason for an office worker to get off their lazy butt and respond to the credit bureaus about your challenge. If $5,000 is on the line they may put down the hamburger and reply, if however it's a situation that's been settled or so old they don't have any information they may choose to finish their burger instead.
Once the debt, the late pay, etc., becomes paid or so old there's no one to benefit then it's extremely likely that the reporting company will likely not respond within the allotted time of 30 days.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
When it comes to removing unwanted marks, there are no guarantees. However with a little knowledge and practice of some proven tactics you will be pleasantly surprised at what you can accomplish. Don't underestimate the power of improving your credit reports. The savings on interest over your life time can be in the millions.
The first thing you need to do is order all of your credit reports. This requires an online free credit report service or a written request to Experian, Trans-union and Equifax. So step 1 is simply order your reports. Step two is to go through them with a fine tooth comb and sort out the good credit from the bad credit. Once this is done your next objective is to challenge the accuracy of the mark. Common sense most be used in this step, consider the type of blemish and the likeliness of a favorable outcome.
Again simple common sense tells us that if its a large unpaid recent debt, then someone will likely respond and they are likely to call you as well. This call should be welcome, it's a chance to negotiate the debt pay it, and then re-challenge the accuracy of the information. (Follow me here.)
Ideally you want your bad mark to be at a point where there is no reason for an office worker to get off their lazy butt and respond to the credit bureaus about your challenge. If $5,000 is on the line they may put down the hamburger and reply, if however it's a situation that's been settled or so old they don't have any information they may choose to finish their burger instead.
Once the debt, the late pay, etc., becomes paid or so old there's no one to benefit then it's extremely likely that the reporting company will likely not respond within the allotted time of 30 days.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
About the Author:
credit repair skills are important to every person on the planet. You should have some intimate knowledge of how to repair bad credit, just like you should know how to balance your check book. Think of the potential benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixing.com
posted by Credit Counseling at
2:42 AM
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