How to Repair Your Credit the Right Way
The question of how to repair your credit has always been around, and is one of the most controversial topics on and offline. Although there are many who promote self-help as the best solution, the huge repertoire of credit companies who come recommended by their clients would seem to suggest that getting outside help may be worthwhile. Forget about everything you hear in the way of rumor. Let us look exclusively at the facts instead. It is certainly legal and possible to repair your own credit. Even if you have no experience, you can learn how.
However there is a great deal of time and effort involved. Although it can be done, there are those who would prefer to hire a professional because they feel more comfortable turning the matter over to someone who is experienced.
If you are looking for information on how to repair your credit, here are 5 simple steps that will take you there. When you have considered how to go about it, it will be easier for you to decide whether you would like to do it on your own or use the services of a credit repair agency.
OK let's get started.
Step 1
Get hold of your credit report. This is a necessity and often the beginning of your journey on learning how to repair your credit, because it's usually the case that your score is low due to erroneous entries that must be removed. Call 877-322-8228 or visit http://www.annualcreditreport.com
Step 2
Find the errors in your report and get to work on getting them deleted. Here's what you're looking for - accounts that are not yours, credit cards that are maxed out, and incorrect information of any kind.
Step 3
Draw up dispute letters - one for each credit bureau. Although you may have many errors on your credit report (by no means an uncommon occurrence) be careful about disputing too many at the same time, or the bureaus may label your disputes "frivolous" and just ignore them. You might wish to attach copies of whatever documentation you have. Having more thorough documentation, it will get removed more quickly.
Step 4
Add positive information to your credit report that will improve both your score and your credit history. Have all your timely payments included. It's a good idea to procure a secured credit card as this could improve your balance to credit limit ratio.
It's a good idea if you can pay off some of your debts, including credit cards. Becasuse of the especially high interest rates, these should be paid off first.
Step 5
Another option is to forget about the steps 1 through 4 and turn it over to a trustworthy credit repair service that knows all there is to know about how to repair your credit. So you don't need to learn anything about the issue; all you need to know in regard to how to repair your credit, is finding the right credit repair agency.
A few tips are in order; do not close credit card accounts after paying them in full; they give you a higher credit limit figure, that factors into a more favorable "balance to credit limit ratio."
If you do seek professional help, beware of fraudulent companies; contact the company and ask for recommendations. You would be well advised to check with the Ethical Credit Repair Alliance, the "watchdog of credit repair companies."
However there is a great deal of time and effort involved. Although it can be done, there are those who would prefer to hire a professional because they feel more comfortable turning the matter over to someone who is experienced.
If you are looking for information on how to repair your credit, here are 5 simple steps that will take you there. When you have considered how to go about it, it will be easier for you to decide whether you would like to do it on your own or use the services of a credit repair agency.
OK let's get started.
Step 1
Get hold of your credit report. This is a necessity and often the beginning of your journey on learning how to repair your credit, because it's usually the case that your score is low due to erroneous entries that must be removed. Call 877-322-8228 or visit http://www.annualcreditreport.com
Step 2
Find the errors in your report and get to work on getting them deleted. Here's what you're looking for - accounts that are not yours, credit cards that are maxed out, and incorrect information of any kind.
Step 3
Draw up dispute letters - one for each credit bureau. Although you may have many errors on your credit report (by no means an uncommon occurrence) be careful about disputing too many at the same time, or the bureaus may label your disputes "frivolous" and just ignore them. You might wish to attach copies of whatever documentation you have. Having more thorough documentation, it will get removed more quickly.
Step 4
Add positive information to your credit report that will improve both your score and your credit history. Have all your timely payments included. It's a good idea to procure a secured credit card as this could improve your balance to credit limit ratio.
It's a good idea if you can pay off some of your debts, including credit cards. Becasuse of the especially high interest rates, these should be paid off first.
Step 5
Another option is to forget about the steps 1 through 4 and turn it over to a trustworthy credit repair service that knows all there is to know about how to repair your credit. So you don't need to learn anything about the issue; all you need to know in regard to how to repair your credit, is finding the right credit repair agency.
A few tips are in order; do not close credit card accounts after paying them in full; they give you a higher credit limit figure, that factors into a more favorable "balance to credit limit ratio."
If you do seek professional help, beware of fraudulent companies; contact the company and ask for recommendations. You would be well advised to check with the Ethical Credit Repair Alliance, the "watchdog of credit repair companies."
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