Credit Repair The Do-It-Yourself-Way




Credit Repair the Do-It-Yourself Way





Negative remarks on your credit report can cost



serious money. You do not have to despair though,



since it is never too late to become credit worthy



again. However, always remember that credit repair do



not happen overnight. It requires serious dedication



and perseverance to start in a clean slate once more.





How to Get Started





You should know what the three credit bureaus are and



what they are saying about you. Since creditors do not



have to report to Equifax, TransUnion and Experian all



together, they generally only report to one or some to



which they are subscribed to. This only means that



each report from each bureau is slightly different



from one another.





The first thing you need to do is to order your credit



report. Remember to order it from each bureau because



you would only waste time and money if you only order



a credit report from one bureau. The cost of the



credit report might vary from state to state though it



is estimated that the cost of your credit report is



around $9.





However, you are entitled to a free copy of your



credit report from the agency if you have been denied



of employment or credit due to your credit report. You



can ask the company to provide you with the name of



the credit bureau, telephone number and address.





Once you get a hold of your credit report, examine it



carefully. Since the credit bureaus create your credit



report basing on the information they receive on your



creditors, they are never verified. It is your job to



maintain your credit report a good reflection of you.



Be on the lookout for errors on typing, incomplete



information, and outdated and inaccurate histories of



your account. After examining the report correctly,



list all the errors you want to dispute and the



reasons why.





Since bad reports cost money, remember to be thorough.



You have two choices, which is to either complete the



argument form supplied with your credit report or



write a letter. It is also recommended to send a



photocopy of your report with the errors circled to



the credit bureau who supplied the report.



Additionally, do not forget to include supporting



documents with your report.





After sending the documents and report, do not forget



to keep copies of all the forms and the date you sent



it. Normally, the bureau will investigate the dispute



in the span of thirty days prior to receiving your



letter. More so, any item that is proved to be



inaccurate is removed.





Stability in Your Credit Life





Another way to repair your credit is to show that you



can still work on adding positive information and



stability in your credit life. Even if you have the



credit, there can be a time when you get denied of



credit due to insufficient credit file. There are



several creditors that do not report your credit



history to the credit bureaus. What you can do is to



try asking the grantors to report the information of



your account and the history of your monthly payment



to the credit-reporting agency.





You can also try building a solid credit history



through the use of secured credit cards. These kinds



of credit cards are offered to those with no credit or



in the process of repairing their credit.



Additionally, it is advised to open a savings account



in your bank. Doing so, would show your creditors that



you are trying to save and that you are reserving



money to pay off your debts.



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